The Five Shortages refers to Taiwan’s lack of sufficient land, water, power, manpower, and talent to meet its need for continuing economic growth. The term was first coined by the Chinese National Federation of Industries (CNFI) in its 2015 white paper, and the umbrella organization of Taiwanese manufacturing associations continues to call upon the government…
The Taiwan government is encouraging the country’s insurance companies to tap into their NT$23 trillion (US$767 billion) in insurance funds to help support national infrastructure and development projects. At the top of the list is the green energy portion of the government’s “5+2” key innovative industry program. With the ruling Democratic Progressive Party (DPP) committed…
As an investment destination, the United States is attracting greater interest from Taiwan’s top corporations – but it’s struggling to attract smaller players. Terry Gou knows an opportunity when he sees one. The Foxconn chief’s fine-tuned business and political instincts seized the chance provided by the new Trump administration’s push to revive the American manufacturing…
Taiwan foresees heightened business opportunities, especially in areas related to the digital economy, green energy, and the biomedical sector. The annual Taiwan Business Alliance Conference organized by the Ministry of Economic Affairs (MOEA) is an effort to stimulate interest in investing in Taiwan among foreign and overseas Chinese enterprises. The 2017 Conference, held October 6…
More and more Taiwanese companies are investing there, despite often challenging business conditions. As the China market matures, bringing higher production costs, many Taiwanese companies are looking for the next big site for their offshore operations. India, which the Taiwan government has included within the scope of its New Southbound policy, is among the…
Rising worldwide demand for Taiwan’s export products is injecting more vitality into the economy. Most economists are currently forecasting GDP growth for this year and 2018 in the range of 2-2.5% – not the fast pace that Taiwan was long accustomed to, but still an improvement over recent economic performance. Given Taiwanese companies’ prominent role…
More education is needed on the importance of investment and savings for old age. Taiwan will soon join the ranks of “super aged” societies, with one in five Taiwanese 65 years old or older by 2025. Among the factors regarded as contributing to Taiwan’s extremely low birth rate are stagnant wage levels, which have made…
In order to develop Taiwan’s stock market into a world-class bourse, the Taiwan Stock Exchange Corp. (TWSE) has been making a concerted effort to encourage Taiwanese-invested companies abroad to return to Taiwan for share listing. The results so far have been very promising. In 2008, the government began permitting foreign enterprises to carry out initial…
Taiwan Super Rich now Fewer, and Poorer The economic slowdown in China is hitting Taiwan’s wealthiest where it hurts: their net worth. According to the Forbes list of 1,810 billionaires worldwide, Tsai Eng-meng, chairman of WantWant foods conglomerate, and Hon Hai Precision’s Terry Gou retained their positions as Taiwan’s first and second wealthiest, respectively. But…
For years, the regulatory and funding environment in Taiwan was not conducive to fostering new startup enterprises. Many would-be Taiwanese entrepreneurs headed for Silicon Valley or other locations instead. But lately the situation has changed, in part because of government recognition that Taiwan was losing economic opportunities by not doing enough to encourage entrepreneurial initiative….
