A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Higher growth forecasts meet concerns of overheating As the first quarter comes to a close, many economic institutions are raising their forecasts for Taiwan’s 2021 economic growth. On March 24, the Yuanta-Polaris Research Institute projected annual GDP growth…

Security concerns about Chinese products are giving Taiwanese companies a competitive edge in overseas markets. Taiwanese enterprises have long played a crucial role in the field of biometrics, seeking to help the world move beyond passwords and chip cards to more convenient and secure forms of authentication. From a fingerprint-reading device for entrance control at…

Adroit marketing and retailing have helped China’s top handset makers boost sales in Taiwan, but concerns about data security are mounting. Among smartphone brands, Taiwanese consumers have long favored Apple, which holds a little over one-quarter of the market. Samsung follows with almost 19%, according to data from German research firm GFK Global. Subsidies from…

Declaring that “information security is national security,” President Tsai Ing-wen’s administration has made considerable progress fulfilling promises to beef up Taiwan’s cybersecurity defenses as well as to spur development of the home-grown cybersecurity sector. A Department of Cybersecurity was established in 2016 as an official unit under the Executive Yuan, upgraded from its previous incarnation…

“White hat” hackers and cyber-cops fight crime in Taiwan’s heavily attacked cyberspace. Cybercrime is a growing problem in Taiwan and around the world, cybersecurity experts and law enforcement officers agree. “It’s absolutely on the rise because everything is connected to the internet – you can shop online, can do anything,” says Wu Fu-mei, acting director…

Some suggestions on how to safeguard confidential company information. When it comes to your company’s sensitive non-public information, it’s an important first step to make sure that employees and management are both part of a protective culture. Too often non-disclosure agreements (NDAs) or confidentiality terms are simply tucked away within a bunch of formal documents…