By Courtney Donovan Smith Experts Split On Economic Forecast Uncertainty about inflation and supply chain resilience have led various organizations to reach different projections about the economy’s direction this year. The Chung-Hua Institution for Economic Research (CIER) in April raised its forecast of Taiwan’s 2022 GDP growth by 0.29 percentage points to 3.96%. CIER attributed…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS MSCI Lowers Taiwan Index Weightings Global index provider MSCI published its quarterly index review on February 10. The latest review saw a drop in Taiwan’s weighting in the MSCI Emerging Markets Index and the MSCI All-Country Asia ex-Japan…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Merck Announces Largest-Ever Taiwan Investment German science and technology firm Merck announced last week that it will invest approximately NT$17 billion in Taiwan over the next 5-7 years. The funds will primarily go toward the establishment of a…
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 MOF Reports NT$2 trillion in Tax Revenue for First Eight Months The Ministry of Finance (MOF) on September 9 reported that net tax revenue for August totaled NT$132.4 billion (US$4.8 billion), 3.8% greater than the same month last…
Formosa Workers Protest Shutdown Employees of the Formosa Chemicals and Fiber Corp. (FCFC) staged several demonstrations during October, some of which became violent, to protest potential job losses due to the closure of the company’s plant in Changhua over environmental issues. Changhua County’s Bureau of Environmental Protection denied the extension of operating permits for the…
Taiwan Ranks in Fourth Place in Corporate Governance in Asia Thanks to a vigorous push by the Taiwan Stock Exchange (TWSE), Taiwanese listed companies have made substantial progress in corporate governance in recent years, greatly boosting investors’ confidence and interest in the market. Currently, for example, over half of listed companies have embraced e-voting, a…
