Blog

21 Jul 2017

DBS projected Taiwan's 2018 GDP growth at 2.3 percent and said its forecast may be upgraded based on the effects of the next generation iPhones on the economy. Apple's new iPhones are expected to help drive Taiwan's economy in 2017 and 2018 as waves of replacement are likely on their release because of significant upgrades.

13 Jun 2017
Taiwan was rated 14th out of the 63 economies covered by the annual report and was third among Asian economies, behind Hong Kong and Singapore.
Economies are ranked based on an analysis of more than 340 criteria grouped in four main categories: economic performance, government efficiency, business efficiency and infrastructure.
 

17 May 2017
In what it is calling the 5+2 Major Innovative Industries policy, the administration aims to shift Taiwan’s industrial base away from its traditional concentration on contract manufacturing and gear it towards high-value-added, service- and solutions-oriented business models.
 
The initial five “pillar industries” were the Internet of Things (also referred to as Asia·Silicon Valley), Biomedical, Green Energy, Smart Machinery, and Defense. Added later were high-value agriculture and the circular economy.
 

04 May 2017

Taiwan is seeking a budget of NT$2 billion (US$66.5 million) over the next four years for the establishment of the robot development facility, which is to be called “The Maker Space.”

The government is planning to spend NT$882.49 billion over the next eight years to fund infrastructure work in Taiwan to create 40,000 to 50,000 new jobs.

03 May 2017

The government plan to invest NT$250 billion (US$8.32 billion) in the aquatic environment. The investments are to preserve water resources and address climate change and homeland security needs. “If the government does not invest in building a better aquatic environment now, future generations will live with the threats of either droughts or floods”.

21 Apr 2017
With 1.86 billion monthly active users as of December 2016, Facebook is the world’s largest social-media network. But in Taiwan, Facebook is unusually dominant: its penetration rate (the proportion of internet users with Facebook accounts) here is 82%, higher than anywhere else in the world.
Internet users in Taiwan typically use just one or two mobile apps on a regular basis, and the two most popular apps here are Line and Facebook Messenger.
 
 

22 Mar 2017

In just 24 years, between 1993 and the end of 2017, Taiwan will have gone from an “aging population” with some 7% of the population 65 years old or older to an “aged society” with 14% of its population elderly. Further, by 2025, one in five Taiwanese will be 65 years old or older, putting Taiwan in the ranks of the super-aged societies.

17 Feb 2017

As Taiwan's largest industry association, Taipei Computer Association (TCA) plays a representative role in the ICT industry of Taiwan. It works closely together with the government, academic and research institutions and Taiwan's leading companies to facilitate business and collaboration.

24 Jan 2017

After nearly two months of applications, selection and panel interviews, Taiwan’s first seed accelerator – Taiwan Accelerator, has finally selected 8 out of 153 startups to provide with seed money and follow-up mentorship. In a country that does not place importance in seed investments, this is an unprecedented number of startups being invested in a single batch.

18 Jan 2017

South Korea is still the world's most innovative economy, according to the 2017 Bloomberg Innovation Index

Bloomberg's proprietary index ranks countries according to research and development spending, value-added manufacturing, patent activity, high-tech density, higher education, productivity, research concentration and other factors.

18 Jan 2017

The National Applied Research Laboratories under the Ministry of Science and Technology signed an agreement Jan. 5 with National Cheng Kung University in southern Taiwan’s Tainan City to cooperate in the research and development of low-carbon and green energy technologies.

16 Jan 2017

Cheng’s company, Mita Eco Fungi, is one of a growing number of farms that aim for zero waste, a model that became a hot topic after the Taiwanese President, Tsai Ing-wen, declared that a “circular economy” is key to Taiwan’s future.

09 Jan 2017

The Mayor of Taipei, Ko Wen-je (柯文哲), touted Taipei’s strength in the information communication technology and biotechnology sectors as he elaborated on his previous remark that Taoyuan is only enjoying the “leftovers” of Taipei’s high-tech industry.

12 Dec 2016

The government of Taiwan has ambitious goals for renewable energy in Taiwan. It has allocated some NT$1.4 trillion (US$44.3 billion) for developing 20 gigawatts (GW) of installed solar photovoltaics and 3GW of offshore wind power by 2025.

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