HomeCategoryInt'l Business Archives - Taiwan Report

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The 2019 novel coronavirus outbreak is expected to drive more multinational companies to shift their production bases from China in a bid to mitigate the effects of supply chain disruption, benefiting nations like Taiwan and Vietnam, DBS Bank Ltd (星展銀行) said on Thursday. The outbreak is creating uncertainty for companies in the Chinese market and weakening their confidence in the Chinese government, ranging from governance, healthcare infrastructure, mass communication, environmental protection and other related issues,...

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SETN is reporting that when asked about changing the name of China Airlines to avoid confusion overseas, Transport Minister Lin Chia-lung (林佳龍) replied that although the Transport Ministry is the largest shareholder in the airline, it would be better to get a consensus with the general public, then discuss the issue. Clearly Taiwan having a flagship airline with the name China Airlines is confusing, and with widespread fear over the spread of the Wuhan Coronavirus...

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Taipei, Feb. 10 (CNA) Taiwan’s first domestically built rocket, the HAPITH-1, will be launched in the eastern county of Taitung on Feb. 13, the developer Taiwan Innovative Space Inc. (TiSPACE), said Monday. The rocket will be launched at 6 a.m. in the county’s Nantian Village, home to a community of the indigenous Paiwan people, and the ceremony will include a traditional Paiwan blessing, TiSPACE said. The HAPITH-1 was scheduled to be launched Dec. 27 last...

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… According to Taiwan’s tourism bureau, the number of foreign visitors to Taiwan in 2019 hit a record 11.84 million, a 7% increase from the previous year and the sharpest annual jump since 2014. Visitors from China, meanwhile, increased 0.5% from the previous year. This came despite an announcement by Beijing in August that it would suspend trips to Taiwan by individual tourists, an attempt to hit the island’s economy so that voters would re-consider...

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A total of 11.84 million international tourists visited Taiwan last year, a 7 percent increase over 2018, the Tourism Bureau said yesterday. The growth was the highest since a 23.63 percent rise in 2014 and was largely due to the diversification of the sources of international tourists, it said. The number of Chinese tourists rose by 0.5 percent to 2.71 million, thanks to a robust increase early in the year, despite Beijing’s move in August...

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(Bloomberg) — Investor sentiment toward Taiwan has rarely been this good, with only days to go before its first presidential election in four years. Its financial markets keep hitting new milestones: the Taiwan dollar last week strengthened past 30 per greenback for the first time since June 2018, government-bond yields remain near all-time lows and stocks are inching toward a record after their best year in a decade. While many anticipated Taiwan might get caught...

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This has been a record year for tourist arrivals in Taiwan, as the island received its 11.11 millionth visitor of 2019 this month. Many followers of the tourism industry feared a downturn in arrivals after restrictions by Beijing on individual leisure travel from China to Taiwan imposed this year. In 2018, China accounted for 44% of all tourist arrivals, and this year, Taipei calculated a loss of some 1 million expected tourist arrivals from the...

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… Money was leaving the country at a record clip earlier this year through unauthorized channels, according to analysts. That’s bad news for China, which needs to keep financial reserves high to maintain confidence in its markets. … The threat of fleeing capital stems from concerns about the country’s economy, which has been hurt by cooling domestic demand and a prolonged trade war with the United States. The People’s Bank of China also allowed the...

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… Earlier in 2019, TiSPACE increased the efficiency of its hybrid rocket engines to achieve NASA-defined Class-I rocket propulsion. Chen told the Taipei Times that TiSPACE managed to do this while keeping costs lower than competing firms. According to Chen, TiSPACE hybrid rocket engines can generate more than 1,000 kilograms of thrust. TiSPACE intends to start providing commercial launch services to clients around the world in late 2020, and is in negotiations with other countries...

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Taipei, Dec. 19 (CNA) A slew of government incentives launched earlier this year to boost investment in Taiwan have increased the amount of investment in the country pledged by Taiwanese firms to over NT$830 billion (US$27.51 billion), Premier Su Tseng-chang (蘇貞昌) said Thursday. Su made the remarks after hearing a report by the Ministry of Economic Affairs (MOEA) at a Cabinet meeting that the projects have attracted 278 Taiwanese businesses that have pledged to invest...