Taiwan up to 11th in IMD competitiveness rankings

SUCCESSFUL POLICY: The returns of Taiwanese firms achieved remarkable results, while foreign investment has also increased significantly, Kung Ming-hsin said Taipei Times – Staff writer, with CNA, BRUSSELS Taiwan has moved up five places from last year to 11th in the latest annual world competitiveness rankings released by the International Institute for Management Development (IMD) on […]

Taipei Times – World Business Quick Take

OFFICE SHARING Neumann sues Softbank WeWork cofounder Adam Neumann sued Softbank Group Corp, its biggest investor, over the Japanese company’s decision to scuttle a US$3 billion deal to buy stock from employees and other shareholders, which was part of an effort to bail out the struggling workplace provider. Neumann, who was set to reap the […]

Ministry reports 12.9% increase in tax revenue

By Crystal Hsu / Taipei Times Staff reporter The Ministry of Finance yesterday said that it collected NT$19.3 billion (US$640.77 million) in tax revenue last month, representing a 12.9 percent increase from a year earlier, on the back of gains from most tax categories. Despite the improvement, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) […]

Taiwan Business Quick Take

EQUITIES Volatility spooks market The TAIEX yesterday closed lower as investors remained concerned over further volatility on global markets as COVID-19 continues to spread. Large-cap technology shares were in the doldrums throughout the session, while selling in the petrochemical sector added downward pressure, despite an agreement reached by oil producers to cut output to bolster […]

Investors wary of new trading system: TWSE

By Kao Shih-ching / Taipei Times Staff reporter Despite the launch of a new continuous trading system yesterday, most local investors remained cautious and placed conventional day-only limit orders, the Taiwan Stock Exchange (TWSE) said. Day-only limit orders made up 96.31 percent of the 13.41 million orders placed on the exchange yesterday, while five new […]

Life insurers face uphill battle this year

DOWNSIDE RISKS: Firms have a ‘very low’ chance of boosting investment returns in the next two years, making it hard for them to improve their capitalization, an analyst said By Chen Cheng-hui / Taipei Times Staff reporter Taiwanese life insurers wanting to improve their capital structure face strong headwinds this year, given prolonged low interest rates […]

Virus Outbreak: Flight transfers via Taiwan banned

CASE COUNT RISES: One of the new domestic cases is a nurse at a long-term care center, but so far tests on all the residents and other staff have been negative By Lee I-chia / Taipei Times Staff reporter Flight transits through all Taiwanese airports would be banned for two weeks, starting tomorrow, the Central Epidemic […]

Featured Automatic 30-day extension for foreigners entering Taiwan on or before March 21 with visa waiver, visitor visa, or landing visa (no application is required) (overstayers excepted)

1. In response to border control measures and flight bans implemented around the world to contain the coronavirus disease 2019 (COVID-19) outbreak, MOFA announces that all travelers who entered Taiwan on or before March 21, 2020, on a visitor visa, a landing visa, or through a visa-waiver program and who have not overstayed their legal stay […]