Inflation Hits Taiwan’s Restaurant Industry   Taiwanese restaurant group Wowprime Corp. has announced that, starting from October 25, it will raise prices at its 15 restaurant establishments by around 5%. Wowprime, whose brands in Taiwan include popular spots like Tasty, Wang Steak, 12MINI, and Wagyu Shabu, cited the COVID-19 pandemic, surging prices internationally, and Taiwan’s…

Taiwan Feed-in Tariffs Raised Taiwan’s Ministry of Economic Affairs (MOEA) in late December announced changes in the feed-in tariff (FiT) rate to be offered for various categories of renewable energy in 2020. The rate for solar photovoltaic power generation, which includes the cost of solar panel recycling, will be cut to NT$3.9408-$5.7788 per kilowatt-hour, depending…

The importance of renewable energy development to Taiwan’s economic future was spotlighted at the first annual Asia-Pacific Renewable Energy Market Summit held July 9 at the Renaissance Taipei Shilin Hotel. Over 240 participants from around the world gathered to exchange ideas on the future of renewable energy in Taiwan and the greater Asia-Pacific region. The…

Regular meetings promised on relevant AmCham issues. Of the various ministries under Taiwan’s Executive Yuan, the Ministry of Economic Affairs (MOEA) is the one responsible for the broadest range of activity relevant to AmCham Taipei. Its various agencies and departments deal with such matters as intellectual property rights, industrial development, trade policy, energy policy, investment…

PV Taiwan Expo Highlights Green Energy The Taiwan External Trade Development Council (TAITRA), in cooperation with SEMI Taiwan and the Taiwan Photovoltaic Industry Association, hosted PV Taiwan 2017, Taiwan’s leading solar industry trade show, October 18-20 at the Nangang Exhibition Center. Taiwan has the world’s second largest solar cell manufacturing industry after China, with some…

Taiwan_January_Trade_Figures

The Economy is Improving with Help from Exports With sharp criticism of major trade partners and promises of protectionism in trade, the new administration of U.S. President Donald Trump has injected substantial policy uncertainty into the global economy. Nevertheless, the American economy continues to be the engine of global trade, and Taiwan’s trade figures are…