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 into four main categories: economic performance, government efficiency, business efficiency and infrastructure.

13 Nov 2015

Taiwan ranked sixth out of 132 countries in the Global Entrepreneurship Index (GEI) for 2016, two places up from last year.

Taiwan also led Asian countries as the most attractive place in the region to launch a start-up in the new year, according to the annual report from the U.S.-based Global Entrepreneurship and Development Institute.

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.

13 Jul 2015

Through Productivity 4.0, the ROC hopes to achieve the goals of industrial transformation and value-added industries in addition to creating a new generation of competitive products for the global market. Productivity 4.0 is a response to the Industry 4.0 policies of other countries and encompasses a wider scope.

Implementing Productivity 4.0 involves getting hold of key and core technologies. Via breakthroughs in key technologies, Taiwan’s industries could achieve industrial transformation and enhance their international competitiveness.

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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.

31 Jul 2015

The government has decided to invest US$11.18 billion in the nation’s research and development (R&D) projects next year. The figure is a 2.3% decrease from US$11.45 billion this year. 

Despite a smaller budget in total R&D, the government said that it will increase investment in the disaster and safety sector by 11.2% from this year, and also increase budget for small and medium-sized companies by 1.4% strengthening “selection and concentration” in the R&D sector. 

21 Aug 2015

A wide-ranging development plan targeting Taiwan's biotechnology-based economy is set to kick off next year. Focusing on agriculture, biomedicine, food, health care and medical instruments, the 10-year initiative will potentially expand the scale of the local bio-economy to USD 123.2 billion in 2026.

24 Sep 2015

The Taiwanese government announced on September 22nd that 50 million US dollars will be invested in the development of fifth-generation (5G) technology, given that Taiwan is a pioneer in the 5G area and is committed to the development of 5G technology.

08 Oct 2015

The government is taking its deregulatory mode to a new level by considering the establishment of “regulation-free” business zones to boost the economy and to develop other zones aside of Seoul and its surrounding areas. 

10 Nov 2015

South Korea for years was the country famously dominated by large conglomerates, as these laid the foundations for the country’s tigerish successes. But today, the country is now badly in need of structural reform. Many start-ups didn’t survive the 2008 crisis.

28 Oct 2015

Taiwan ranked sixth in the world in terms of the number of patents acquired for digital data processing and information equipment – two important technologies in industry 4.0, which is a collective term embracing a number of contemporary automation, data exchange, and manufacturing technologies.

Taiwan has invested more in patent technologies of electrical machinery and energy, semiconductors and machine tools.

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21 Dec 2015

With more than half of the world’s population and several emerging economies, Asia is all set to become the main driver of growth for the rest of the world. All these trends of urbanization are fueling growth for the security industry, cities are getting larger and more populated.

30 Dec 2015

Facebook Inc. plans to set up its first Asia Pacific data center in Changhua County, central Taiwan.  Facebook's data center will be located in a site beside Changhua High-speed Rail Station. The social media company is joining Google that built the data center in the same county in Taiwan two years ago.

20 Jan 2016

The Ministry of Science, ICT and Future Planning will set aside $3.35 billion ($3.94 trillion) to fund research and development projects for science, technology and information and communications technology in 2016. Around 2.96 trillion will be invested in the science and technology sectors while the remaining 980 billion won will be spent on ICT projects.

29 Jan 2016

Taiwan was listed in the No. 2 spot among the freest countries in Asia, in Freedom House's 2016 "Freedom in the World" report.

In the report's 100-point scoring system, Taiwan scored 89, second in Asia only to Japan (96) and ahead of Mongolia (86), South Korea (83) and India (77).

20 Nov 2015

President Ma Ying-jeou stated that the government plans to spend US$1.1 billion over the next nine years under the Productivity 4.0 Project that was introduced in July to improve Taiwan's economy. 

Taiwan's industries have a competitive edge in the areas of automation, use of internet combined with electronization, big data, and smart manufacturing technologies.

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.

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.

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.

27 May 2016

With a 55 percent recycling rate, Taiwan is one of the better nations at recycling well above the US 35 per cent recycling rate. Once dubbed “Garbage Island,” Taiwan’s place as a champion recycler is the result of year’s long effort.

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