A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Property tax rates revised to curb speculation The Legislative Yuan on April 9 passed the third and final reading of amendments to the Income Tax Act that aim to revise property tax rates. The amended law will take…

With over three decades of experience in the chemicals industry across markets in the West and Asia-Pacific, Kraton Formosa Polymers Corp. President Mike Wong knows how to run a successful business in a sometimes controversial sector. From negotiating and overseeing the successful formation of a joint venture, to ensuring the health, safety, and environmental standards…

Chemical manufacturers in Taiwan are concerned that new rules requiring the disclosure of hazardous substances in their products could compromise confidential business information (CBI). In November 2018, the Ministry of Labor (MOL) published an amendment to the Regulations for the Labeling and Hazard Communication of Hazardous Chemicals that requires disclosure of the substance’s Chemical Abstract…

Given environmental pressures and limited scale, the sector sees just two options: move into specialty chemicals or invest overseas. Despite environmental and other challenges, Taiwan’s chemical sector continues to thrive. In 2018, the industry was forecast to grow by 4.88% – the highest growth rate of any industry in Taiwan – to reach NT$4.68 trillion…

The state-owned company looks to invest in high-value-added chemicals and green projects at home while exploring upstream opportunities overseas. The CPC Corp. was established in Shanghai as the Chinese Petroleum Corp. in 1946 and relocated to Taiwan three years later. The state-owned firm plays a crucial role in ensuring Taiwan’s energy security, and is also…