Focus Taiwan
Date: 2019/08/20
By: Flor Wang and S.F. Wang

Taipei, Aug. 20 (CNA) Malaysia-based budget airline AirAsia celebrated 10 years of service in Taiwan Tuesday, announcing that new routes will be opened serving Taiwan in the near future.

Benyamin Ismail, AirAsia's chief executive officer, said new routes will be launched very soon connecting Taipei and Kaohsiung with other countries or areas, 10 years since it began operations July 1, 2009.

Over the past 10 years, AirAsia has flown 6 million Taiwanese passengers, he noted.

AirAsia attaches great importance to the Taiwan market, and employs more than 100 Taiwanese workers, including flight attendants and ground staff, Benyamin said.    [FULL  STORY]

Dozens of MOUs have been signed over the past few months set to strengthen bilateral industrial exchanges

Taiwan News
Date: 2017/12/20
By: Jose Kalathil, Taiwan News, Contributing Writer

NEW DELHI (Taiwan News) – The Taipei Economic and Cultural Center in India (TECC) and the

India-Taipei Association (ITA) have signed a Memorandum of Understanding (MOU) on Promotion of Industry Collaboration, as part of efforts to elevate Taiwan-India industrial cooperation to an even higher level.

The MOU was signed by TECC Representative Ambassador Chung-Kwang Tien and ITA Director Sridharan Madhusudhanan in New Delhi in the presence of Deputy Director General of Bureau of Foreign Trade of Taiwan, Dr. Guann-Jyh Lee and Joint Secretary of Ministry of Commerce and Industry of India, Vandana Kumar.

Under the MOU, Taiwan and India will expand the scope of cooperation in not only trade and investment but also in industrial collaboration. The MOU involves cooperation in research and development (R&D), design and engineering, product manufacturing and after sales services.

With that, Taiwan and India will adopt various models for cooperation in order to create synergies and industrial value chains, as well as develop products/services and enhance their added value.
[FULL  STORY]

Focus Taiwan
Date: 2019/08/18
By: Wu Chia-jung and Evelyn Kao

Taipei, Aug. 18 (CNA) Sales of energy efficient household appliances have been booming in Taiwan since June, when a government incentive scheme was introduced to encourage the replacement of older electrical appliances, according to the Ministry of Finance (MOF).

Between June 15 and August 11, some 194,025 energy efficient household appliances were sold, with buyers earning NT$325 million (US$10.37 million) in tax refund under the incentive initiative, ministry tallies showed.

The most popular appliances were air-conditioners, which accounted for sales of 142,273 units and total tax refund of NT$256 million, the MOF said.

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.
[FULL  STORY]

President Tsai promises clear national digital strategy

Taiwan News
Date: 2019/08/16
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – During a meeting at the Presidential Office Thursday (August 15), the Taiwan

Internet and E-Commerce Association (TiEA) told President Tsai Ing-wen (蔡英文) it wanted to see the sector be upgraded to a key industry of national strategic importance.

The government should open up more avenues for investment in the sector, TiEA Chairman Chen Chien-jung (陳建弘) told the president, who replied she understood his message, the United Daily News reported.

The group said it wanted Taiwan to keep up with changing global trends. The global corporate top 10 according to market capitalization included seven companies from the telecom and internet sector, but Taiwan’s top 10 counted only one, Chunghwa Telecom, Chen said.    [FULL  STORY]

Focus Taiwan
Date: 2019/08/17
By: Liao Yu-yang and Frances Huang

Taipei, Aug. 17 (CNA) Hiwin Corp., a leading machinery supplier in Taiwan, has pledged an investment of more than NT$6 billion (US$191 million) to expand its production capacity in central and southern Taiwan, according to the Ministry of Economic Affairs (MOEA).

Hiwin, the second largest linear motion control system maker in the world, has secured MOEA approval for the project under a government incentive program to encourage overseas Taiwanese enterprises to return home amid the trade frictions between the United States and China.

According to the MOEA, Hiwin is planning to spend NT$6.2 billion to expand its production facilities in Taichung in central Taiwan and in Yulin and Chiayi in the south, which will create some 1,250 new jobs.

The company is returning home to better serve its clients, 70 percent of which are Taiwanese firms that have been affected by the tariff war between China and U.S. and are also seeking to return home, the ministry said Thursday.    [FULL  STORY]

NASDAQ.com
August 16, 2019,
By: Yimou Lee and Jeanny Kao, Reuters

TAIPEI, Aug 16 (Reuters) – Taiwan raised its 2019 economic growth forecast on Friday, with prospects lifted by more factories moving production to the island from China despite worries about slowing technology demand and the Sino-U.S. trade war.

The statistics agency raised its full-year outlook to 2.46% from 2.19% forecast in May.

Taiwan's government projected full-year growth of 2.58% next year, in its first forecast for 2020.

The agency said returning production coming to Taiwan from China helped reduce some impact from the escalating trade war, lifting the island's economic growth.

"Returning production from Taiwan manufacturers has a growing positive impact to exports," it said, adding that demand for new technologies including 5G and artificial intelligence would also underpin growth.    [FULL  STORY]