Record Retail Consumption in Q3 Taiwanese consumers increased their retail purchases last month, defying a sluggish economy and unfavorable trade conditions. Retail sales for October rose 4.2% year-on-year to NT$340.7 billion (US$11.2 billion), a record-breaking figure for that month, apparently encouraged by the recent boom in Taiwan and U.S. stock markets, department store anniversary sales,…

Low rating for credit conditions brings down Taiwan’s overall ranking. Poor performance in one category — regarding legal rights in obtaining credit — has dragged down Taiwan’s overall rating in the World Bank’s recently released 2020 Doing Business survey of 190 countries and economies. In the latest edition, Taiwan fell back two places from last…