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    Taiwanese business 結果共26筆

  • Taiwan businesses prioritize swift action for profitability

    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.
    2024/03/27 16:52
  • S Hotel undergoes major rebranding and ownership shift

    Discover the latest on the rebranding of the S Hotel in Taipei, owned by Wang Xiaofei, ex-husband of Taiwanese actress Barbie Hsu. Reports suggest it may soon be known as "MGallery" on Dunhua Road, following Wang’s transfer of ownership to the French multinational Accor Group.
    2024/03/27 10:06
  • Taiwanese airlines add more flights to Kyushu region

    Explore the economic ripple effects of TSMC’s new fab in Kumamoto, Japan, on local markets and Taiwan’s airline industry, with increased flights and market potential for business and tourism.
    2024/02/20 16:39
  • Taiwan’s Keelung street mirrors iconic Japanese scenery

    Discover the captivating street in Keelung City’s Zhongzheng District, Taiwan, that has become a social media sensation. Reminiscent of a popular photography location in Yamanashi, Japan, this picturesque street with shop signs and the backdrop of Shiqiu Hill has caught the attention of photography enthusiasts. By using a telephoto lens and positioning the camera at the street’s center, the distant Shiqiu Hill seems to be brought closer, creating a visually stunning effect. While the Taiwanese location offers potential tourism and business opportunities, caution is advised for photographers aiming to capture the perfect shot, as safety concerns should not be overlooked.
    2024/01/05 21:55
  • Taiwan shifts investment focus from China to U.S., Germany

    Taiwan’s investment in China has reached its lowest point in a decade, making up just over 10% of the island’s total overseas direct investment, according to a report by Nikkei Asia. Recent official data from Taiwan reveals that foreign direct investments surged by 87% to reach $257 billion through November this year. However, investments in China plummeted by 34% to only $29 billion, representing a mere 12% of the total. Since 2010, Taiwanese investments in China have been steadily declining and are projected to drop below the lowest point recorded since 1999. In contrast, investments in the United States have increased ninefold to $96 billion, accounting for around 37% of the total outbound direct investment. Additionally, Taiwan’s direct investment in Germany has soared 25-fold to $39 billion, largely driven by the operations of Taiwan Semiconductor Manufacturing Company. Sun Ming-te, Director of the Business Development and Research Center at the Taiwan Institute of Economic Research (TIER), predicts that if tensions between the United States and China persist, Taiwan’s investment in China will continue to decline.
    2023/12/30 20:15
  • Tsai Ing-wen honors excellence in architecture and business

    President Tsai Ing-wen hosted the winners of the 25th National Golden Award for Architecture and the 20th National Brand Yushan Award, commending their contributions to Taiwan’s architectural and business communities. She expressed gratitude towards the National Enterprise Competitiveness Development Association for their rigorous evaluations that have motivated industry advancement and boosted Taiwan’s competitiveness. Tsai emphasized the importance of collaborative efforts in construction and building to achieve energy conservation and reduced carbon emissions. She also addressed concerns about urban renewal and pledged to intensify collaboration with private sector players to enhance architectural safety and improve citizens’ quality of life. The winners of the 20th National Brand Yushan Award, which includes CSBC Corporation, were recognized for their contributions to finance, biotech, manufacturing, and service sectors. Tsai urged the awardees to continue offering valuable advice to the government and elevate the prominence of Taiwanese brands on the international stage.
    2023/12/12 21:42
  • Taiwan food delegation eyes Australian market expansion

    The General Chamber of Commerce (ROCCOC) Chairman, Paul Hsu, led a delegation of 16 Taiwanese food suppliers on a mission to tap into the Australian market. The delegation attended business matchmaking events in Brisbane, Sydney, and Melbourne as part of the "Procurement Meetings of 2023 Taiwan Food Industries Delegation to Australia." The objective of this initiative is to enhance the international presence of Taiwanese food products, boost competitiveness, and foster economic collaboration between Taiwan and Australia. Hsu emphasized the complementary nature of Taiwan and Australia’s industries due to their contrasting seasons. The delegation has secured orders worth US$3.7 million so far, and Hsu remains optimistic about further trade opportunities through ongoing communications with Australian distributors.
    2023/12/12 15:46
  • Hotai Motor reports 23,400 vehicle backlog amid sales dip

    Taiwanese distributor Hotai Motor, responsible for TOYOTA and LEXUS, reported a backlog of around 23,400 orders during an earnings call on Dec. 8. Despite an expected slight decrease in sales volume, the outlook remains optimistic. Hotai Motor dominates Taiwan’s auto market with a 33.3% share, as TOYOTA and LEXUS sold a combined total of 144,522 vehicles from January to November. The profit for the first three quarters was driven by the company’s core operations, particularly the more profitable LEXUS brand. With 19,000 pending orders for TOYOTA and 4,400 for LEXUS, the current order book suggests business for the next two months. Hotai Motor’s diversified investees, including Carmax, Hotai Finance, and Hotai Leasing, continue to grow. Hotai Insurance also experienced significant growth, except for the investing channel in China, which was affected by competitive pricing from domestic electric vehicle brands like BYD.
    2023/12/08 17:45
  • Aaron Yan exonerated of assault, secret photography charges

    Taiwanese entertainer Aaron Yan has been cleared of charges related to sexual offenses, including secret photography and assault, according to the Shilin District Prosecutors Office. The allegations were made by internet celebrity Chiu Yao-le in June, leading to the suspension of Yan’s entertainment career and side business. Prosecutors found that Yan had shared private videos of Chiu with friends, a violation of the Child and Youth Sexual Exploitation Prevention Act. Yan will only be indicted on charges related to filming and possessing videos depicting the sexual conduct of a minor. The case is scheduled to be heard behind closed doors on December 21.
    2023/12/08 17:38
  • UNLV shooting claims lives of 3 faculty, including Taiwanese

    Tragic shooting at the University of Nevada, Las Vegas (UNLV) resulted in the deaths of three faculty members, including Taiwanese professor Cha Jan "Jerry" Chang. Two victims identified as business school professors. Chang, an associate professor in UNLV’s Management, Entrepreneurship & Technology department, had been educating students at the university for over two decades. UNLV President Keith E. Whitfield confirmed victims as university employees, with two from the business school. The assailant, a 67-year-old former college professor, was not affiliated with UNLV. Survivor receiving treatment in hospital. Authorities have not released further details.
    2023/12/08 17:06
  • Taiwan probes LY Corp. over 440K users’ data leak

    Taiwan’s Minister of Digital Affairs, Audrey Tang, has announced that the cyber security breach at LY Corporation, the parent company of popular messaging app LINE, is currently under investigation by the National Development Council (NDC). The breach potentially exposed the personal data of approximately 440,000 users, including information from 100 Taiwanese accounts. The incident, which follows a hack on South Korean IT giant Naver, a major shareholder in LY Corporation, has prompted the ongoing investigation in Taiwan. The leaked data primarily includes names, affiliated institutions, and email addresses of LY Corporation’s employees and business partners, as well as potentially leaked ages, genders, and purchase histories for stickers. However, no users’ messages, bank account numbers, or credit card information were compromised. Taiwan’s Digital Ministry has requested relevant entities to provide information and report the breach in accordance with the law. The affected user data includes hashed mobile phone numbers, email addresses, and LINE account details. Whether sanctions will be imposed under Taiwan’s new Personal Data Protection Act will depend on the outcome of the NDC’s investigation. Minister Tang assured the public that messages sent between LINE users are end-to-end encrypted and the server does not store message content, indicating that no message content was compromised in this breach. She emphasized the importance of having servers located in Taiwan for apps like LINE, particularly for maintaining communications during disasters. Discussions are underway with various international messaging providers, including LINE and the Signal Foundation, regarding the potential establishment of servers in Taiwan.
    2023/11/29 16:09
  • Okinawa Governor Denny Tamaki conducts quiet visit to Taiwan

    Okinawa Governor Denny Tamaki made a low-profile visit to Taiwan from November 23 to 25, where he met with key figures including Su Jia-chyuan, the president of the Taiwan-Japan Relations Association (TJRA), and Paul Hsu, the Chairman of the General Chamber of Commerce of the Republic of China (ROCCOC). The focus of Tamaki’s trip was on meetings with economic and tourism-related groups from Okinawa, with no official engagements with Taiwanese government entities. During his visit, Tamaki expressed gratitude to Su for discussions aimed at fostering tourism and economic exchanges between Taiwan and Okinawa. The primary objective of Tamaki’s visit was to explore business cooperation, engaging with Japanese business representatives and Okinawan officials in discussions. Both parties anticipate swift progress toward further collaboration, and an invitation was extended for Tamaki to revisit Taiwan and for a Taiwanese group to enjoy Wagyu beef in Okinawa. The exchange concluded with the mutual presentation of local specialties as mementos of their meeting.
    2023/11/25 17:07
  • Trump threatens to revoke Biden’s IPEF framework if elected

    Former U.S. President Donald Trump has stated that he would revoke current President Joe Biden’s Indo-Pacific Economic Framework (IPEF) if he wins the 2024 presidential election. Trump argues that the IPEF could negatively impact the American manufacturing industry and lead to increased unemployment rates. The U.S. previously withdrew from the Trans-Pacific Partnership (TPP) due to similar concerns. Negotiations for Biden’s IPEF began in September 2022, with a focus on major southern powers like India and Indonesia, aiming to promote economic cooperation and exclude China. The IPEF includes countries such as Australia, Singapore, Japan, and 10 other Indo-Pacific nations, constituting about 40% of the global GDP. It emphasizes fair and resilient trade, supply chain resilience, and clean energy. Taiwan’s chief trade negotiator expressed the country’s interest in monitoring the IPEF’s development and presenting a proposal for Taiwan’s inclusion at the appropriate time. President Tsai Ing-wen has also expressed Taiwan’s desire to join the IPEF, believing it would create more business opportunities for Taiwanese and U.S. companies.
    2023/11/20 12:11
  • P. LEAGUE+ names Richard Chang as new president

    Richard Chang, a prominent figure in Taiwanese basketball, has been appointed as the inaugural president of the P. LEAGUE+. This restructuring marks a new era for the league, which aims to elevate its status with Chang’s extensive experience and business acumen. Chang, who has a background in national player experience and commercial governance, is expected to lead the league into version 2.0. He played for McDonald’s in Taiwan and represented the Chinese Taipei men’s national basketball team in the 1980s. Additionally, Chang has worked for over 30 years at Costco Wholesale Inc., where he currently serves as the president of its Asian division.
    2023/11/06 20:46
  • China’s headhunting of Taiwanese tech talent raises concerns

    Taiwan’s Minister of Economic Affairs emphasizes the importance of key tech industries to the country’s economy and the need to protect them from corporate espionage. The high-tech sector in Taiwan has attracted attention from mainland China, resulting in the headhunting of Taiwanese tech talent. In response, Taiwan amended its National Security Act to impose stricter penalties for theft of business secrets. Additionally, Taiwan’s industrial production index has declined for 16 months, but there are signs of increased demand in the AI industry chain. Despite uncertainties in consumer behavior and global economic recovery, industry feedback suggests potential growth in future quarters.
    2023/10/24 13:55
  • Lai urges China to value Taiwan firms’ contributions

    DPP presidential candidate Lai Ching-te has called on Mainland China to appreciate the contributions of Taiwanese business people to its economy. This appeal comes as Foxconn Group, a major Taiwanese tech firm, faces investigations by China’s tax and natural resources departments. Lai emphasized that Taiwanese business people are an important asset to China, fostering economic growth and creating opportunities. He urged China not to pressure Taiwanese business people during the upcoming election, warning that it would harm both sides and undermine confidence in the Chinese market. Lai also called on China to respect Taiwan’s democratic constitution and lifestyle and to accept that the civil war between the Kuomintang and the Communists is over. He encouraged China to engage in equitable and dignified dialogue exchange.
    2023/10/24 13:40
  • TPP campaign office dismisses collaboration with Terry Gou

    Taiwan People’s Party (TPP) presidential candidate Ko Wen-je’s campaign office director, Chou Yu-hsiu, has stated that there are no ongoing discussions about a potential collaboration between Ko and Taiwanese business tycoon Terry Gou on Tuesday(Oct. 17).
    2023/10/17 16:03
  • China unveils new plan for cross-strait integration

    Beijing’s new plan aims to foster closer integration between Taiwan and the Fujian province by promoting residency applications for Taiwanese, easing business sector restrictions, and encouraging property investment. Learn about the latest developments in Taiwan-Fujian relations.
    2023/09/14 20:19
  • Lai Pei-hsia asks Terry Gou to lift Taiwan’s slowing economy

    Vice presidential candidate Lai Pei-hsia joins forces with Foxconn founder Terry Gou for the 2024 Presidential Election, aiming to attract overseas Taiwanese businesspeople and boost the nation’s economy. Get the latest on this partnership.
    2023/09/14 16:46
  • Terry Gou selects ‘Wave Makers’ actress as VP candidate

    Business tycoon Terry Gou partners with entertainer Lai Pei-hsia for the 2024 presidential election in Taiwan. Gou emphasizes gender equality and Lai’s impressive credentials — a unique blend of business and entertainment for a new era in Taiwanese politics.
    2023/09/14 16:07
  • Taiwanese in China face tougher business environment

    Taiwanese seeking opportunities in China face growing challenges, leading some to repatriate while others opt to stay. These challenges stemmed from the U.S.-China trade war, the COVID-19 pandemic, and China’s economic downturn.
    2023/09/07 17:22
  • President Tsai, Premier Chen unite to propel net-zero agenda

    President Tsai Ing-wen and Premier Chen Chien-jen encouraged large enterprises business leaders to be the bellwether to embrace low-carbon supply chains in the 30th Asia Taiwanese Chambers of Commerce board meeting on Thursday (July 20).
    2023/07/20 16:11
  • Taiwan’s beer industry resilient facing China’s import ban

    The shelves of Taiwan’s supermarkets are increasingly filled with Chinese-made beers, highlighting a stark disparity in the trade relationship between the beer industry on the two sides of the Taiwan Strait. As Taiwanese breweries face repeated bans on selling their products in China, they are now trying to establish alternative business partnerships.
    2023/06/09 18:26
  • Rising electricity prices worry 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.
    2023/05/18 16:58
  • Taiwan F&B businesses display innovative products at CES

    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.
    2023/01/10 19:58
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