Taiwan Business

Taiwan tourism revenue soars to new high in Q2

TAIPEI (CNA) — Taiwan's tourism revenue reached a quarterly record of US$3.96 billion in the second quarter of the year, the country's central bank...
In the first seven months of this year, Taiwan's export orders totaled US$263.39 billion, down 6.0 percent, which provided further evidence of the impact resulting from the trade dispute. (NOWnews)

Taiwan’s export orders fall for 9th straight month in July

TAIPEI (CNA) — At a time of escalating trade tension between the United States and China that is affecting global demand, Taiwan reported a...
Brent Christensen, left, director of the American Institute in Taiwan, reacts during a visit to Pier #3 of Kaohsiung Port on Aug. 20, 2019. (NOWnews)

Brent Christensen visits Kaohsiung naval base

TAIPEI (CNA) — The highest U.S. official in Taiwan, Brent Christensen, on Tuesday visited a naval base in Kaohsiung, where he looked at a destroyer and...
In this Aug. 23, 2016 photo, workers peel shrimps at Thai Union factory in Samut Sakhon, Thailand. (AP Photo/Sakchai Lalit)

Taiwan, Thailand sign seven MOUs on industrial cooperation

BANGKOK (CNA) — Taiwan's Chinese National Federation of Industries signed seven memorandums of understanding (MOU) with the Federation of Thai Industries (FTI) in Bangkok...
Among the six special municipalities in Taiwan, Taipei saw the largest growth in new housing development projects in the first six months to 5,378 units, up 67 percent from the same period of last year. (NOWnews)

Taiwan housing projects rise in first half of 2019

TAIPEI (CNA) — New housing projects around Taiwan hit a nearly five-year high of 53,646 units in the first half of this year, signaling...
During the two-month period, 42,106 refrigerators and 9,646 dehumidifiers were sold, which gave the buyers a total of NT$61 million and NT$8 million, respectively, in tax refund, the ministry said. (NOWnews)

Incentive scheme spurs brisk sales of eco-friendly appliances: MOF

TAIPEI (CNA) — Sales of energy efficient household appliances have been booming in Taiwan since June, when a government incentive scheme was introduced to...
According to the county's Tourism Department, around 1,600 tourists from China, Taiwan, Hong Kong and Malaysia took part in a Kinmen-Xiamen (in China's Fujian Province) field study tour on the island county Wednesday through Thursday. (NOWnews)

Kinmen seeking to draw tourists amid Chinese travel ban

TAIPEI (CNA) — Following a recent ban by China on independent travel to Taiwan by its citizens, outlying Kinmen County is seeking to lure...
The Directorate General of Budget, Accounting and Statistics (DGBAS) said in a statement Friday that it has revised its estimate for GDP growth in 2019 to 2.46 percent, up 0.27 percentage points from its previous forecast in May. (NOWnews)

Taiwan raises 2019 GDP growth forecast

TAIPEI (CNA) — Taiwan has raised its forecast for gross domestic product (GDP) growth for 2019, reflecting increased investment in Taiwan by local suppliers...
In this photo released by Taiwan Railways Administrations, workers repair damaged facilities for the railway line near Hualien in eastern Taiwan Thursday, April 18, 2019. According to Standard Chartered, Taiwan reported a 41.6 percent year-on-year increase in capital equipment imports in June, a jump from a 10.8 percent in the first five months of year, with semiconductor manufacturing equipment imports soaring 97.3 percent from a year earlier. (AP)

Standard Chartered forecasts 2.1% growth for Taiwan GDP

TAIPEI (CNA) — Standard Chartered Bank (SCB), a leading British banking group, this week maintained its forecast for Taiwan's 2019 gross domestic product (GDP)...
The 2018 data marked the second consecutive year for the household income gap to grow in Taiwan. In 2016, the gap stood at 6.08 times before falling in 2017, the data shows. (NOWnews)

Household income gap widens slightly: DGBAS

TAIPEI (CNA) — The household income gap in Taiwan widened slightly in 2018 as income growth enjoyed by high income households continued to top...

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