SUMMARY With GDP of US$589.4bn (£465bn), Taiwan is now the world’s 21st largest economy, up from 22nd last year.1 UK-Taiwan trade rose 16.4% to £6.6bn in 2018. UK exports to Taiwan grew by 40.8% from £1.96bn to £2.76bn, making Taiwan the UK’s 32nd largest trading partner globally and the 7th largest in Asia Pacific.2 For […]
TAIWAN ECONOMY: 2019 Q1 UPDATE Taiwan’s GDP grew by 1.71% year-on-year in 2019 Q1, the lowest quarterly yoy growth since 2016 Q3. The Taiwanese authorities revised down the 2019 growth forecast to 2.19% (from the 2.27% predicted in February) due to uncertainties in the global economy. Please Click Here to Download Full Report […]
Benefiting from key growth drivers including digitalisation, technological development and government initiatives, the Taiwan recruitment market is expected to expand further in 2019. Now in its 20th edition, the Robert Walters annual Salary Survey is the most comprehensive review of professional salaries and recruitment trends around the world. Download Full Report Here This […]
By Liu Kuan-ting and Y.F. Low The Legislative Yuan on Friday passed an amendment to the Labor Pension Act to include all foreigners with permanent residency in Taiwan in the country’s retirement pension system. Read Full Article Here Article Presented to you by Focus Taiwan News Channel
Taiwan has launched a plan to develop offshore wind farms in the Taiwan Strait. The government’s goals are quite aggressive – 500 MW to be commissioned in 2020, an additional 5 GW to be commissioned in 2021-2025, and more to follow in 2026-2030. As a result, events are unfolding rapidly. New policy details and updates […]
Two Taiwan government agencies are considering making the use of Republic of China (“ROC”) flag vessels mandatory for certain offshore wind farm construction activities. The Bureau of Energy (“BOE”) in Taiwan’s Ministry of Economic Affairs is expected to convene a meeting of developers, contractors and vessel operators later this month to solicit information on the […]
Changing times for pensions in Taiwan Jamie Jenkins, Head of Global Savings Policy February 2019 As Taiwan considers how to encourage greater savings into work-based pensions, it’s helpful to look at some of the challenges and successes in other countries, particularly the UK, which has undergone profound change in recent years. Like most other […]
Taiwan’s Bureau of Energy has reconsidered its preliminary decision to cut the 2018 offshore wind feed-in tariff by almost 13%, deciding instead to drop it only by 5.71%, to TWD 5.5160 per kWh. The Bureau has also restored the two-tier tariff option, and has increased the number of hours per year for which the feed-in […]
TAIWAN ECONOMY: 2018 Q3 UPDATE SUMMARY Taiwan’s GDP grew by 2.27% year-on-year (yoy) in Q3, driven by internal demand, with significant capital growth. Taiwan’s Directorate-General of Budget, Accounting and Statistics (DGBAS) decreased its economic growth forecast for 2018 to 2.41%, due to slow global growth, geopolitical uncertainty, and unstable financial markets. The US-China trade […]