Focus Taiwan
Date: 2017/11/17
By: Shih Hsiu-chuan 

Taipei, Nov. 17 (CNA) A visiting official from the United States said Friday that small enterprises in the U.S. and Taiwan should work together to create joint ventures and mentor-protégé programs to leverage digital trade in overseas markets.

Eugene Cornelius, deputy associate administrator for the Office of International Trade with the U.S. Small Business Administration (SBA), said in a joint media interview that he has discussed the possibility of cooperation with Taiwan and received a lot of support for the idea.

Cornelius, who is on an eight-day visit to Taiwan that started on Nov. 11, said his talks with accelerators, policymakers, and people in the economic development sector in Taiwan have revolved around three pillars.    [FULL  STORY]

Fat cats getting fatter as Asian tiger Taiwan claws its way to the top with 58 new millionaires in 2017

Taiwan News 
Date: 2017/11/16
By: Keoni Everington, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — Taiwan has the 13th most people with a net worth of over US$1

million in the world, according to the newest edition of the Global Wealth Report by the Credit Suisse Research Institute (CSRI).

Referring to Taiwan as an “Asian tiger” in the report, it lists Taiwan as having 381 millionaires, and increase of 58 from last year, ranking it in 13th place on the list of countries with the most millionaires in the world. Ahead of Taiwan was the United States at the top of the list with 15,356 millionaires, followed by Japan (2,693), the UK (2,189), Germany (1,959), China (1,953), France (1,949), Italy (1,288), Australia (1,160), Canada (1,078), South Korea (686), Switzerland (594), and Spain (428).

Taiwan ranked even higher in terms of change of the number of new millionaires this year, coming in 9th place with 58 brand new millionaires, tied with Spain’s 58 and ahead of Sweden’s 55.     [FULL  STORY]

Focus Taiwan
Date: 2017/11/16
By: Jackson Chang and Evelyn Kao 

Taipei, Nov. 16 (CNA) Taiwan shares closed marginally lower Thursday but remained above the quarterly moving average of 10,609 points, on the back of gains posted by the bellwether electronics sector in the afternoon trading session.

The Taiwan Stock Exchange’s main index closed down 5.61 points, or 0.05 percent, at 10,625.04, after moving between 10,609.23 and 10,666.66. Turnover totaled NT$104.6 billion (US$3.47 billion).

The market opened down 1.49 points at 10,629.16 and fell even lower to approach 10,600 points as selling emerged, mostly in old-economy shares, before late-session buying took hold in electronics heavyweights that helped recoup some of losses in the market by the end of the session.    [FULL  STORY]

The China Post
Date: November 16, 2017
By: Chen Cheng-wei and William Yen

TAIPEI (CNA) – Taiwan should lift employment restrictions and relax eligibility

requirements for foreign workers to better address the shortages of professional talent, the European Chamber of Commerce Taiwan (ECCT) said on Wednesday.

To that end, businesses should be allowed to employ workers according to their needs, the ECCT said in its 2018 Position Papers.

Olivier Rousselet (胡日新), ECCT vice chairman & treasurer, said at the presentation of the report that a total of 132 issues were raised in the annual paper, consisting of 84 unresolved matters from previous years and 48 new issues.

Rousselet said progress had been made on 18 percent of the issues raised in last year’s position paper, and he also praised the Legislative Yuan for passing recruitment and hiring laws for foreign professional talent on Oct. 31.    [FULL  STORY]

Jokowi promised to offer Taiwanese businesses opportunities for cooperation

Taiwan News 
Date: 2017/11/15
By: Maggie Huang, Taiwan News, Staff Writer

TAIPEI (Taiwan News) –Taiwan is seeking to forge closer bilateral ties with Indonesia as the “New Southbound Policy” forges ahead. Indonesian president Joko Widodo (Jokowi) told the press that if Taiwanese businesses have an interest in investing in Indonesia, he will provide all the needed resources and help to resolve problems like obtaining investment permits and acquiring land.

According to Business Weekly, Jokowi promised to offer assistance in facilitating cooperation between businesses, as there are plenty of opportunities and spaces to be filled in Indonesia’s manufacturing industry.

He also indicated in the interview with Business weekly that Taiwan and Indonesia’s business relationship is one with over thirty years of history, and that Taiwanese businessmen should recognize the potential of Indonesia’s market. Indonesia has recently introduced plans to relax 16 restrictions on foreign investments to encourage more investors to come to the country.    [FULL  STORY]

Focus Taiwan
Date: 2017/11/15
By: Wei Shu and Isabel Wang 

Taipei, Nov. 15 (CNA) The annual fashion trade show Taipei IN Style (TIS) will open Thursday at Songshan Cultural and Creative Park, featuring displays, seminars and competitions.

Organized by the Taiwan Textile Federation (TTF), the four-day fashion fair aims to promote the country’s fashion industry and boost exchanges between local fashion talent and global professionals, the federation’s Secretary-General Huang Wei-chi (黃偉基) said Wednesday.

Promoted as an all-in-one trade fair, the event comprises house shows, seminars and business matching meetings, Huang said.

He said there will 208 booths for the 145 participating local and foreign exhibitors, while 14 fashion shows, four seminars and some design competitions will be held during the fair.    [FULL  STORY]

The China Post
Date: November 15, 2017
By: Wang Shu-fen and Evelyn Ka

TAIPEI (CNA) – Far Eastern Air Transport Corp. (FAT) will put its first ATR72-600 aircraft

into commercial service on Thursday when it flies from Taichung to Kinmen, FAT Chief Operating Officer Tseng Chin-chih (曾金池) said Wednesday.

FAT received certification from the Civil Aeronautics Administration (CAA) on Tuesday to operate the ATR aircraft on domestic flights, allowing it to begin flying passengers, Tseng said.

The airline plans to use the new 72-seat ATR72-600 aircraft on three flights per week between Taichung and Kinmen and two between Taichung and Magong in Penghu.

The new aircraft is part of FAT’s efforts to modernize its aging fleet. Of its eight McDonnell Douglas MD-80 planes, six are 20 years old or more and two others are approaching that age, Tseng said earlier this year.
[FULL  STORY]