Taiwan News | Taiwan upgrades 2021 GDP growth forecast to 4.64% (update)

Taipei, Feb. 20 (CNA) The Directorate General of Budget, Accounting and Statistics (DGBAS) on Saturday said that it has raised its forecast for Taiwan’s gross domestic product (GDP) growth for 2021 to 4.64 percent. The latest forecast is an upgrade of 0.81 percentage points from the previous DGBAS estimate of 3.83 percent made in November. […]

Taiwan News | NDC projects Taiwan’s economy to grow by 4 per cent in 2021

Taiwan could boost economic growth by seizing opportunities in global supply chain restructuring By Ching-Tse Cheng, Taiwan News, Staff Writer TAIPEI (Taiwan News) — The National Development Council (NDC) has expressed optimism about Taiwan’s economic prospects in the next 12 months, projecting its economy to grow by 4 percent. The NDC said Wednesday (Feb. 17) that […]

Forbes | Foxconn Technology Group will invest in a British developer of digital, wearable medical devices as part of a longer-term diversification effort

by Ralph Jennings Foxconn Technology Group, the world’s largest contract assembler of consumer electronics including Apple’s iPhones, will invest in a British developer of digital, wearable medical devices as part of a longer-term diversification effort. The company said in a statement for this post it had invested £1 million ($1.36 million) in a partnership with […]

Focus News | Democracy index ranks Taiwan top in Asia, 11th globally

Taipei, Feb. 3 (CNA) Taiwan has jumped 20 places in the 2020 Democracy Index rankings to 11th position globally from 31st in 2019, to rank top in Asia, according to the index report released Tuesday by the Economist Intelligence Unit (EIU). Describing Taiwan as a beacon of democracy in Asia, the report said that the […]

Focus Taiwan | Industrial Production Hit New High In 2020

(By Liang Pei-chi and Frances Huang) Taipei, Jan. 26 (CNA) Industrial production in Taiwan hit a record high in 2020, with the local semiconductor industry boosted by solid global demand despite the COVID-19 pandemic, according to the Ministry of Economic Affairs (MOEA). Data compiled by the ministry showed that the industrial production index for 2020 […]

CWind Taiwan Teams Up with E&Y Electronics

CWind Taiwan has signed an exclusive cooperation agreement with E&Y Electronics, a Taiwanese power cable service provider specialised in cable testing and termination, to develop its cable maintenance services in the Taiwanese offshore wind market. The services under the cooperation agreement include low and high voltage inspection, maintenance and repair (IMR) solutions, as well as […]

Focus Taiwan | Taiwan’s Export Orders Hit New High In 2020

Taipei, Jan. 20 (CNA) Taiwan export orders reached a record high in 2020, driven by solid global demand for electronics components and information and communications devices, the Ministry of Economic Affairs (MOEA) said Wednesday. A booming stay-at-home economy, amid COVID-19, boosted shipments of tech gadgets, while a recovery of old economy industries in the second […]