02 Jul 2020

Taiwan and Israel have agreed to promote bilateral cooperation in the areas of education, student exchanges, and sports.

Taiwan's Ministry of Foreign Affairs (MOFA) held a signing ceremony on Monday (June 29) for the “Taiwan-Israel 2020-2023 Education, Youth, and Sports Cooperation Agreement.” Representing the two countries at the event were MOFA Vice Minister Tsao Li-jey (曹立傑) and Omer Caspi from the Israel Economic and Cultural Office in Taipei.

In recent years, the two nations have seen more cooperation in the areas of economics, trade, tourism, and student exchanges. In particular, the number of foreign exchange students between the two countries has been increasing.

Read more about this here.

30 Jun 2020

Tech manufacturing supplier confident Taiwanese economy will endure pandemic.

Despite the world’s economic contraction, Taiwan predicts GDP growth of between 1.52% and 1.67%. The return of Taiwanese tech companies from China, along with the reopening of lcoal businesses and reestablishment of new investment programs are also expected to aid Taiwan’s growing economic momentum. 

Read more about this here.

12 Jun 2020
The Executive Yuan has approved a plan to invest NT$17.7 billion (US$597.5 million) over five years to develop Taiwan's display technologies and their practical applications in retail, transportation, medicine and entertainment.
Read more here

12 Jun 2020
With planes grounded and most tourism on hold during the coronavirus pandemic, one Taiwanese airport has come up with a unique solution to help citizens get their travel fix.
Taipei's Songshan airport will give 90 people the chance to take a tour of their airport and relive the experience of going through immigration, boarding a plane and then disembarking and returning home.
Read more here

12 May 2020
Taiwan has become the third-best investment destination after it moved up a place in a global ranking, according to a triannual report by US-based Business Environment Risk Intelligence SA (BERI).
BERI uses three main indicators to assess investment risk: operating conditions (operations risk), political risk and foreign exchange and external accounts position (remittance and repatriation factor) risk.
In Asia, Taiwan remained the No. 1 investment destination, ahead of Singapore and South Korea.
Read more in this link

05 May 2020

" Taiwan is cooperating with partners in other nations on cybersecurity after the Brno University Hospital in the Czech Republic and the US Department of Health and Human Services experienced cyberattacks in recent months...Taiwan has begun sharing cybersecurity intelligence with both nations, as well as others, to cooperate on defense measures, as Taiwan has extensive experience dealing with cyberattacks, the sources said, adding that China has ramped up attacks on the nation’s disease-prevention data centers and medical facility Web sites..."

Read more here.

17 Mar 2020

"...Owing to Taiwan’s advantages in the global electronics industry and multinational companies’ growing tendency to shift their production bases out of China, the local industry could benefit in the post-COVID-19 pandemic period,...

10 Mar 2020

Taiwan ranks top in Asia for gender equality according to the latest Gender Inequality Index (GII) published by the United Nations Development Program (UNDP).
Taiwan is ranked ninth in the world and first in Asia, followed by South Korea, Singapore, and Japan.

Read more here.

02 Mar 2020

With projects and goals set for 2025, the government believes in better electricity cost share, planning massive investments and thousands of jobs creation, guided by offshore wind fields national potential that could help generate 20% of Taiwan’s electricity by then.

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19 Feb 2020

...Sales of Taiwan’s computer and information technology (IT) service sector last quarter hit a record high of NT$111.8 billion (US$3.71 billion), a 12 percent year-on-year increase...The increase was mostly driven by strong sales from the computer programming industry, which jumped 13.1 percent annually to NT$86.7 billion...

Read more in this link 

31 Jul 2019

Taipei, July 30 (CNA) The Financial Supervisory Commission has issued its first batch of licenses to three conglomerates for the establishment of Internet-only banks that are expected to officially go online in 2020, FSC Chairman Wellington Koo (顧立雄) announced Tuesday.

31 May 2019

Taiwanese start-ups can look to their Israeli counterparts for inspiration to gain international significance, Taiwan External Trade Development Council (TAITRA, 外貿協會) chairman James Huang (黃志芳) said yesterday at InnoVEX — a special Computex Taipei section devoted to innovation and start-ups.

06 May 2019

More than 414,000 medical visits were made by foreigners last year, marking a new record and the first time that visits made by people from ASEAN members exceeded the number of visits by Chinese medical tourists, Ministry of Health and Welfare data showed.

The number of medical visits made by foreigners has been increasing across the nation since President Tsai Ing-wen (蔡英文) took office in 2016, and the total number of visits increased by nearly 110,000 last year from a year earlier. 

24 Apr 2019

Taiwan snatched the second place in an annual report evaluating the competitiveness of Asian economies, released at the annual conference for Boao Forum for Asia (BFA), which opens on March 26th in China’s Hainan Province. Now in its ninth year, the Asian Competitiveness Report gauges how 37 Asian economies fared in the preceding year from five perspectives, which are overall economic momentum, administrative efficiency in business, social development levels, infrastructure, human capital and innovative ability.

27 Mar 2019

The forum will address the transition university graduates should be aware of when entering the general and international workforce, such as: 

  • What it takes to make a successful transition to an international workplace?
  • What shall graduates expect from international corporations’ environment?
  • What do international corporations expect from a new hire?

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13 Dec 2018

The Canadian Technology Accelerator (CTA) launched a program in Taipei, which is to bring finance opportunities and enhance bilateral collaboration for start-ups in Taiwan and Canada, with an initial focus on artificial intelligence, the Internet of Things and digital health.

The CTA is promoting innovation and commercialization for small and medium-sized tech companies in North America. Taiwan is among only four places in Asia chosen for the program, alongside Tokyo, Singapore, and Hong Kong.

One of the project’s main goals is to bring 10 to 20 Canadian start-up tech companies to the Taiwanese market for investment and collaboration within a year to create strategic partnerships or joint ventures. 

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05 Dec 2018

"..The Ministry of Economic Affairs (MOEA) outlined administrative efficiency measures to foster the return of Taiwanese businesses as they cope with US-China trade tensions...

US-bound network equipment and medium-to-low-end bicycle components might see the greatest effect from the trade tensions, due to their reliance on China-based manufacturing, the ministry said.

Taiwan-made hand tools, nuts and bolts, guide rails, motors, steel, auto components, power adapters and batteries are expected to gain a competitive advantage, the MOEA said, adding that laptops, smartphones, TV sets and apparel have so far been spared from the tariff hikes."

Read More

13 Sep 2018

Poland is banking on booming passenger and cargo traffic to help turn its planned transportation hub into a key European gateway to Asia and is open to looking for Asian partners to help finance

29 Aug 2018

Taiwan has moved up a notch to become the world’s third-best investment destination in this year’s rankings by US-based Business Environment Risk Intelligence SA, the Ministry of Economic Affairs said on Thursday last week.

24 Jul 2018

The Executive Yuan is expected to increase the budget for technology-related spending for fiscal 2019 to NT$120 billion (US$3.9 billion), of which NT$1 billion would be dedicated to the cultivation of young researchers to encourage them to stay in Taiwan, sources said.

Regarding the nation’s key technological projects next year, the Executive Yuan would continue promoting the “five plus two” innovative industries of the “Asian Silicon Valley” development plan: smart machinery, green energy, biomedicine, national defense and aerospace, new agriculture and a circular economy, an official said on condition of anonymity.

Digital economy, innovative cultural technology, chip design and semiconductor-related technologies are also among the nation’s key development projects, the official said, adding that the Cabinet would also promote AI and biomedical technologies to boost the competitiveness of the nation’s technological industry.

17 Jul 2018

By 2025, Taiwan is aiming to be nuclear-free, with 20 percent of its energy mix from renewable energy and 50 percent from natural gas. Offshore wind is a key component of this goal, with ambitions for 5.5 gigawatts of offshore wind capacity by 2025.

Taiwan has recently emerged as an exciting new investment destination for international investors and financiers in the energy sector. A number of key factors that differentiate the Taiwan offshore wind sector from other markets in Asia have buttressed international interest. 

02 Jul 2018
Taiwan’s growth rate was the third-highest in the world, trailing only Brazil’s 28 percent and Russia’s 27 percent.
Taiwan ranked sixth in Asia in the number of ultra-rich people, after Japan (9,960), China (8,800), Hong Kong (5,140), India (2,920) and South Korea (2,610).

29 Jun 2018

Advantech Co (研華) previewed its vision for an Industrial Internet of Things (IIoT) market, which it said would gradually take shape in the next five to 10 years and add value to the company’s hardware offerings. The world’s largest industrial computer supplier aims to sow the seeds for the IIoT market through a “cocreation” model, making early bets on developers of intelligent solutions that would be powered by its cloud computing platform.

IIoT applications would become widely implemented across a multitude of industries and Advantech is working closely with industry professionals to integrate their knowledge with the coming technology shift and create solution-ready packages (SRPs).

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