Taiwan Welcomes EU’s New Chip Act Taiwan’s Ministry of Foreign Affairs welcomed the EU’s announcement on February 9 of The European Chips Act, citing its potential to boost Taiwan-EU bilateral investment. The proposed legislation seeks to increase the number of semiconductors manufactured in Europe by expanding cooperation with the world’s leading chipmakers. It will dedicate…
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 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…
Unemployment down, consumer confidence up. Low oil prices are spurring growth, but concerns for Taiwan economy arise due to China slowdown. Taiwan moved up three places in the annual world Economic Freedom Index [see the Editorial in this issue] by the Washington, D.C.-based Heritage Foundation, to be ranked the 14th freest economy in the…
