Gogoro To Go Public on Nasdaq On September 16, Gogoro announced plans to launch an initial public offering (IPO) on the Nasdaq Stock Market in the first quarter of 2022 via a merger with Poema Holdings Corp., a U.S.-based special purpose acquisition company (SPAC). The deal puts Gogoro’s enterprise value at US$2.35 billion and adds…
Taiwan Applies to Join Regional Trade Pact On September 22, the Executive Yuan announced that Taiwan had formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Taiwan submitted its application documents to New Zealand, which acts as the depositary for the trade bloc and whose government circulated the application among the…
With extremely low fertility rates and a population barreling toward super-aged status, Taiwan must think creatively about how to counter the worst effects of demographic change. At 1.218 children per woman, Taiwan has the lowest fertility rate in the world, below those of South Korea and Singapore, according to a 2019 report by the U.S….
MOF Reports NT$2 trillion in Tax Revenue for First Eight Months The Ministry of Finance (MOF) on September 9 reported that net tax revenue for August totaled NT$132.4 billion (US$4.8 billion), 3.8% greater than the same month last year. Net tax revenue for the first eight months of 2021 was NT$1.9 trillion (US$68.7 billion), an…
Taiwan’s Economic Recovery Uneven The Directorate-General of Budgeting, Accounting and Statistics (DGBAS) in early August revised its 2021 GDP growth forecast to 5.88%, up 0.42 percentage points from the one it made in June, as sustained global demand caused July exports to reach a record US$37.95 billion. Imports in July grew by 41% year-on-year to…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Macquarie and Kaison Sign MOU for EVs Macquarie Capital, an Australian-listed institutional investor that has been operating in Taiwan for 17 years, announced on August 18 that it has signed a memorandum of understanding with Taiwan electric bus…
Exports Increase, NTD Trends Down Despite the impact of Taiwan’s recent COVID-19 outbreak, the latest GDP forecast from the Taiwan Institute of Economic Research (TIER) predicts an annual economic growth rate of 5.40% in 2021. This growth can mainly be attributed to Taiwan’s exports in goods, which have remained “strong and robust.” Exports in June…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Taiwan, Australia Seek Cooperation on Hydrogen On July 29, the Australian Office in Taipei and Taiwan’s Ministry of Economic Affairs held the Australia-Taiwan Hydrogen Trade and Investment Dialogue to discuss opportunities for developing hydrogen energy and other emerging…
The COVID-19 outbreak that began in mid-May has brought hotels to their knees. Without a larger relief package, some may not survive. For most of the coronavirus pandemic, domestic tourism has been a bright spot for Taiwan’s hotel industry. Many hotels and B&Bs outside of Taipei – which is more reliant on the international market…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Long-stalled TIFA Talks Resume in Late June The 11th Taiwan-US Trade & Investment Framework Agreements (TIFA) council meeting was convened virtually on June 30. It was the first such meeting to be held in nearly five years, and…
