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 […]
TAIWAN ECONOMY: 2018 Q1 UPDATE SUMMARY Taiwan’s GDP grew by 3.02% year-on-year (yoy) in Q1 driven by the external demand for semiconductor products and robust private consumption. Taiwan’s Directorate-General of Budget, Accounting and Statistics raised its economic 2018 growth forecast to 2.6% based on favourable international economic conditions. Taiwanese hi-tech firms continued to benefit […]