Taiwanese businesses 結果共18筆

President-elect Lai Ching-te appoints Chiu Chui-cheng and Cheng Wen-tsan to key cross-strait relations positions, signaling a cautious yet hopeful approach towards maintaining stability with China while supporting Taiwanese businesses and citizens. The strategic move aims to extend goodwill and manage economic interdependence, with the true impact dependent on Lai’s inaugural speech on May 20.

Discover how the global economic recovery and labor shortages are leading to increased overtime work in Taiwan’s manufacturing and industrial sectors, impacting workers’ preferences and job market dynamics.

The Purchasing Managers’ Index (PMI) for Asian manufacturing in March shows varying recovery rates across the region, with Taiwan’s manufacturing sector on the rise and confidence among Taiwanese businesses reaching a nearly three-year high. Japan also saw improvement, while South Korea and Vietnam experienced contractions. Paul Smith from S&P Global Market Intelligence notes signs of price and supply stabilization supporting a more optimistic outlook for the Asian manufacturing sector.

Read about the latest insights from the 2024 Taiwan Business Leadership Survey by PwC Taiwan. Discover how Taiwanese business leaders are navigating challenges and opportunities in a rapidly changing economic landscape, with a focus on sustainability, competition, and transformation. Gain valuable perspectives on the future outlook and industry-specific trends shaping Taiwan’s business environment.

Vice President and President-elect Lai Ching-te’s visit to Quanta headquarters in Taipei to discuss AI and 5G applications with Chairman Barry Lam, as part of his ongoing industry exchange tour. The meeting highlighted Taiwan’s ICT industry success and Quanta’s pivotal role in seizing AI opportunities, reflecting critical decisions made by Lai during his tenure as premier.

President Tsai Ing-wen highlights the success of Taiwan’s investment incentives projects, which have attracted over NT$2.17 trillion in investments and created over 140,000 jobs. Speaking at a Lunar New Year event, Tsai emphasizes the importance of Taiwanese businesses in driving economic development and emphasizes Taiwan’s global reach and reliability as an international partner. She also discusses Taiwan’s efforts to improve infrastructure and expand external relations, including trade cooperation with the U.S. and U.K. Tsai calls for the preservation of the peaceful and stable status quo in the Taiwan Strait and expresses a commitment to upholding democracy and seeking cross-strait dialogues. The event was attended by government officials and over 300 Taiwanese businessmen living and working in China.

Taiwan’s export performance reached a historic high from 2021 to 2023, but experienced a 9.8% decline in 2023 compared to the previous year, according to the Ministry of Finance. Despite this setback, exports to the U.S. continued to soar with a 49.7% year-on-year increase, while exports to countries covered by Taiwan’s New Southbound Policy also saw significant growth. However, exports to mainland China decreased to 35.2%. Taiwan’s total export tally for 2023 amounted to US$432.48 billion, ranking behind only 2022 and 2021. The demand for communications and electronic products during the pandemic-induced work-from-home trend boosted Taiwan’s exports. The Taiwan Institute of Economic Research predicted significant international trade growth in 2024, which would benefit export-oriented economies like Taiwan. In December 2023, Taiwan’s exports to the U.S. reached $8.49 billion, and exports to southern countries surged by over 50%. However, due to the limited coverage of free trade agreements (FTAs), many traditional Taiwanese industries chose to restructure risks and production in Southeast and South Asia. The return of Taiwanese businesses and the expansion of local factories after the U.S.-China trade war, as well as global economic circumstances, significantly impacted the decline in 2023 exports. The Directorate General of Budget, Accounting and Statistics (DGBAS) estimated the first-quarter export volume for 2024 to be around US$106.1 billion, which is an improvement compared to the same period in 2023, but a 10% decrease from 2022.

KMT vice presidential candidate Jaw Shaw-kong challenges the narrative of the ＂1992 Consensus,＂ stating it was not used during cross-strait negotiations. He explains that the parties involved articulated their positions orally with no unified expression, and it was later that Su Chi introduced the term. Jaw also addresses the DPP’s stance on the ＂One China＂ policy, stating that the DPP urges Beijing to acknowledge ＂One China＂ as the Republic of China, a recognition unlikely from Beijing. He critiques the DPP’s performance over their 8-year tenure and suggests that the electorate could express dissatisfaction by transferring power to the KMT. Jaw acknowledges the contributions of Taiwanese businesses to China’s economic development and asserts that Taiwan could demand economic concessions from China. He questions the need for increased defense spending and extended conscription in Taiwan in the absence of an immediate threat, stating that conflict between the two sides should and must not occur.

Taiwanese job market trends are shifting, with professional certifications carrying more weight than before, according to a report by 104 Human Resource Consulting Services Company. The study found that the number of job openings requiring certifications in 2023 had increased by 8.1% compared to the previous year. Prospective employees with certifications received 35% more interview invitations than those without. English, Japanese, Vietnamese, Korean, and Thai are the most sought-after languages by employers, with the rise of the Korean Wave contributing to a significant increase in demand for Korean translation. Similarly, Thai language proficiency has witnessed an 11.9% increase due to businesses expanding into Southeast Asia. The sectors most in need of language capabilities are media, research and development, and senior management. Young professionals under 39 focus on acquiring career-boosting professional and language skills, while those over 40 diversify their learning to prepare for their career’s ＂second curve.＂ Despite the availability of free online resources, working professionals prefer paid learning, with 30.8% setting a learning budget within NT＄5,000. When it comes to investing in certifications, 37.5% are willing to spend over N＄$20,000, reflecting the value placed on formal qualifications in today’s competitive job market.

DPP presidential candidate Lai Ching-te criticizes KMT rival Hou Yu-ih for advocating the employment of Chinese students in Taiwan, claiming it would take away job opportunities from Taiwanese youths. Lai expresses concerns about the impact of the Cross-Strait Service Trade Agreement (CSSTA) with China, stating that it allows Chinese nationals to compete with local vendors in the service industry. The crowd fears that increased competition from Chinese workers could harm their businesses and livelihoods. Lai emphasizes President Tsai Ing-wen’s efforts to reduce reliance on the Chinese market and highlights China’s high youth unemployment rate, cautioning that opening borders to students from China could worsen job scarcity for young people in Taiwan.

Taiwan’s foreign investment landscape has undergone a significant shift, with investments in Southeast Asia surpassing those in mainland China for the first time in 30 years. From January to October this year, Taiwan invested US＄4.96 billion in Southeast Asia compared to US＄2.63 billion in China. The total number of approved foreign investments during the same period decreased by 8.18%, totaling 1,864 investments. The total investment amount was US＄8.39 billion, marking a 27.35% decrease compared to the previous year. Jiangsu Province emerged as the main beneficiary of Taiwan’s investments in mainland China this year. The changes in Taiwanese investment behavior can be attributed to shifts in global supply chains caused by the COVID-19 pandemic and the China-U.S. trade war. Notably, Taiwan Semiconductor Manufacturing Company (TSMC), Foxconn, and Yang Ming Marine Transport Corporation played a significant role in foreign investment, with TSMC investing US＄8 billion in U.S. companies and €3.5 billion in German firms, while Foxconn and Yang Ming Marine each injected US＄800 million into Singaporean businesses. This year marks the first time in three decades that investment in Southeast Asia has exceeded that in mainland China.

The Taiwanese government is taking preemptive measures to achieve its goal of net-zero emissions by 2050. Premier Chen Chien-jen highlights the importance of a talented workforce and enhanced research in guiding industries towards a green energy transition. The government is also focused on strengthening strategies and providing better services for domestic industries. The National Development Council is actively removing obstacles to land acquisition for overseas businesses returning to Taiwan. The Ministry of Economic Affairs has proposed a plan to increase water supply capacity and promote the use of reclaimed and desalinated water. Additionally, the MOEA is investing in renewable energy infrastructure, particularly in solar and offshore wind power, with the aim of establishing high-performance offshore wind ports.

China’s Taiwan Affairs Office (TAO) has stated that the audit of Foxconn, a subsidiary of Hon Hai Precision Industry Co. Ltd, is a ＂normal law enforcement action.＂ TAO Spokesperson Chu Feng-lien emphasized that China will continue to support Taiwanese businessmen and companies investing in mainland China. Chinese authorities aim to create a favorable development environment and improve policies for Taiwanese compatriots and businesses.

The Taiwanese government maintains communication with Hon Hai Precision Industry Co., Ltd. amid Chinese tax and land audits. The inspections of Foxconn, a subsidiary of Hon Hai, have caused concern. The government emphasizes its commitment to supporting Taiwanese businesses.

With summer approaching, Taiwan is preparing for another electricity hike.​​​​​​​ In early April, the average industrial electricity consumption price rose by 14.2% from NT＄2.91 to NT＄3.38 per Kilowatt-hour.

The 2023 Earth Solutions event concluded successfully on April 23, with Taiwanese government officials and international businesses coming together to discuss environmentally-friendly policies that can make the Earth more sustainable and healthier.

The Taiwanese government recently announced that citizens will receive a one-off NT＄6,000 cash payment due to a national tax revenue surplus, but public opinion remains divided on whether this would actually help locals and their businesses.  

Many Taiwanese food and beverage (F&B) companies have put their latest products on display at the Consumer Electronics Show (CES) in Las Vegas, U.S.