First Commercial Geothermal Plant Goes Online The Cingshuei Geothermal Power Plant, Taiwan’s first commercial geothermal power-producing facility, began operations on November 23. The plant’s most significant feature is its ability to produce a 24-hour supply of renewable energy. The 4.2MW plant is capable of meeting the energy demands of around 10,000 small households. Fabulous Power…

Booming exports, especially ICT products, are driving demand for industrial plots of land, factories, and logistics facilities to a new high. Ever since the U.S.-China trade dispute began, demand for industrial real estate in Taiwan has been ticking up. Demand strengthened with the launch of the Tsai Ing-wen administration’s reshoring initiative in 2019, which offers…

Monetary controls, tax reform, and affordable housing programs have helped tame speculation and make decent accommodations more accessible. But some say these measures do not go far enough. The Legislative Yuan this July passed an update to its tax rules regarding residential and commercial real estate. Dubbed the Consolidated Land and Building Tax 2.0, the…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Manufacturing Activity Continues to Flourish The Chung-Hwa Institution for Economic Research (CIER) announced on September 1 that its Purchasing Managers Index (PMI) had fallen 3.1 points in August to 62.1. Although the PMI has maintained a score of…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Property tax rates revised to curb speculation The Legislative Yuan on April 9 passed the third and final reading of amendments to the Income Tax Act that aim to revise property tax rates. The amended law will take…

A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Ørsted signs investment agreement for Taiwan wind farm Danish wind power developer Ørsted signed an investment agreement in late December with Canadian institutional investor CDPQ (Caisse de dépôt et placement du Québec) and local investor Cathay PE. Under…

Several major global economic and political factors – namely, the U.S.-China trade dispute, Brexit, the protests in Hong Kong, as well as volatile oil and commodity prices – cast a shadow in the past year over global demand, trade, and industrial production. In Taiwan, the presidential election and cross-Strait relationship added uncertainty, potentially dampening the…