Five years after its implementation, the Tsai government’s flagship policy initiative aimed at boosting engagement with South and Southeast Asian countries has delivered some encouraging economic results. But observers say that to fulfill the policy’s goal of developing more comprehensive relations, a greater focus on people-to-people ties is needed. Taiwan’s Executive Yuan reported this September…
Taiwan this year experienced its steepest economic growth in more than a decade. But a slower pace is expected in 2022 due to the higher base, more normalized demand, and supply chain adjustments. Despite semiconductor shortages, shipping logjams, energy price hikes, and the uneven distribution of coronavirus vaccines, the global economy in 2021 has bounced…
Ending The Year on A High Note Taiwan has managed to buck its severest coronavirus outbreak, coming out relatively unscathed in 2021. As proof, the island’s exports have continued to soar, reaching another record monthly high of US$40.14 billion in October. Meanwhile, the Directorate General of Budgeting, Accounting and Statistics (DGBAS) in late November raised…
Taiwan’s increasing use of green energy has been advantageous to its economy. As investment in renewables continues to grow, more gains are expected down the line. Renewable energy adoption is quickly becoming a priority for a growing number of businesses and governments. In 2019, assets under management in which institutional investors employed Environmental, Social, and…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS China Airlines and EVA Air quarterly profits surge, plan to resume Taipei-London flights in December Rising air cargo prices and volumes drove China Airlines Ltd.’s (CAL) third-quarter revenue to skyrocket, reaching NT$34.474 billion – an annual increase of…
Steep Growth Rate Projected For 2021 The Directorate-General of Budgeting, Accounting and Statistics has forecast economic growth of 5.88% for this year, which would be the highest growth rate Taiwan has achieved in 11 years. The private Chung-Hua Institution for Economic Research (CIER) announced a forecast of just a slightly lower 5.84%. In another strong…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS U.S. Request Rattles Taiwan Chipmakers The U.S. Department of Commerce on September 24 requested that semiconductor companies from around the world submit “information about inventories, demand, and delivery dynamics.” Information requested included the companies’ “book-to-bill” ratio – the…
GROWTH FORECASTS CONTINUE ASCENT In September, Taiwan’s Central Bank (CBC) raised its forecast of Taiwan’s GDP growth for 2021 to 5.75%, a 0.5 percentage-point increase from its June figure of 5.25%. This follows the August forecast from the Directorate General of Budget, Accounting and Statistics (DGBAS) of 5.88% growth, up from the 5.46% it predicted…
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…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS 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,…
