AmCham members positive over future but urge more action on labor flexibility and policy coordination.

The News Lens
Date: 2018/03/07
By: David Green

Credit: Depositphotos

The AmCham 2018 Business Climate Survey, released March 7, paints a largely positive outlook on Taiwan’s economy and the prospects for the future but called for further revisions to labor policy and improved coordination between government and industry on policymaking.

Albert Chang, Managing Director of McKinsey & Co. in Taiwan and the 2018 AmCham Taipei Chairman, said the purpose of the paper was to lay out a framework for Taiwan to continue to be a destination for investment from US companies of the like being accepted by Google, Cisco, Microsoft and McKinsey & Co, the latter of which is in the process of building an Industry of Things hub on the island.

He said the chamber aims to secure 10 more instances of the kind of investment recently carried by those companies, with Microsoft’s January announcement that it will invest NT $ 1 billion (US $ 33 million) to create an artificial intelligence (AI) research and development (R & D ) hub in Taiwan a lead example.    [FULL  STORY]