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Toyota Corolla Altis remains Taiwan best selling car for 17th year running

TAIPEI:  The Toyota Corolla Altis sedan remained the best-selling car in Taiwan in 2017 for the 17th year running despite advances by SUVs and imports, reports said Tuesday. The past year was a good year for car sales in general, posting the highest number of cars sold in 12 years, with a total of 444,669 vehicles sold, the Central News ... Read More »

Consensus for Taiwan growth in 2018 above 2%

TAIPEI: The broad consensus among economic think tanks is that Taiwan will continue to grow at a slow but steady pace next year, with all of them projecting growth of 2-2.6 percent in 2018. Taiwan’s economic performance in 2017 was better than expected, helped by steady global growth and rising international raw material prices, Taiwan’s official statistics agency, the Directorate-General ... Read More »

Tax on stock dividend gains by foreigners to rise to 21%

TAIPEI: The tax rate on stock dividend income made by foreign institutional investors is scheduled to rise to 21 percent on Jan. 1 as part of the government’s efforts to overhaul the tax system. While a tax reform bill is still pending in the Legislative Yuan, the Ministry of Finance (MOF) said it has the authority under the existing tax ... Read More »

US tax cuts entice Taiwan firms

TAIPEI: The Foxconn chief’s fine tuned business and political instincts seized the chance provided by the new Trump administration’s push to revive the American manufacturing sector and “bring back” jobs that had been sent abroad or in many cases lost to automation. After two low-key visits to the White House, he was invited back in late July, where he received ... Read More »

Taipei in push to reduce energy imports

TAIPEI:Taiwan is currently “99 per cent dependent upon energy imports”, according to officials in Taipei but a new energy policy promulgated in 2016 by the president Tsai Ing Wen’s government aims to sharply reduce dependence upon imported energy – coal, oil and natural gas in particular by 2025. This is in line with the “green” energy policy being promoted by ... Read More »

Taiwan exports rise on recovering global economy

TAIPEI: Taiwan’s exports have grown for the 14th month thanks to a recovering global economy and strong demand for electronic products, a report showed Monday. Exports rose 14 percent from a year earlier in November, according to a report by the Taiwan Institute of Economic Research (TIER). Taiwan’s total exports in the first 11 months of this year rose 13.1 ... Read More »

Track tests have begun on Taipei newest MRT line

TAIPEI: The first phase of construction for a new MRT line that will circle around New Taipei City has been completed. The first portion of the track has been constructed in the Southwestern districts of New Taipei City and is now being tested and modified before the proposed operations begin next summer. When the first phase of the track is ... Read More »

Taiwanese scrap import prices up again on global gains

TAIPEI: Taiwan’s prices for imports of containerized heavy melting scrap (HMS) increased further this week, tracking the gains of ferrous scrap prices around the world. Metal Bulletin’s price assessment for imports of United States-origin HMS 1&2 (80:20) into Taiwan was $335-343 per tonne cfr for the week ending Friday December 22,up $10-13 per tonne from the previous week. Negotiations for ... Read More »

Taiwan urged to take advantage of U.S. tax cuts

TAIPEI: The government should take initiatives to strengthen bilateral cooperation with the United States in the field of digital technology and advanced manufacturing after a tax cut bill was passed by the U.S. Congress, scholars urged Thursday. Under the legislation, the federal corporate tax rate will fall from 35 percent to 21 percent and the maximum individual income tax rate ... Read More »

Taiwan Nov export orders stay robust bank seen on hold

TAIPEI: Taiwan’s export orders rose for a 16th straight month at a quicker pace than expected, a positive sign for technology manufacturers and the island’s economic prospects. Strong global demand for tech gadgets has raised confidence Taiwan’s government can meet its upwardly revised 2017 GDP forecast of 2.58 percent, which will give the central bank room to keep rates unchanged ... Read More »

U.S. tax reform package to attract more investment from Taiwan

TAIPEI: The tax reform package approved by the United States Senate Wednesday will affect Taiwan since it will encourage certain Taiwanese businesses to go and invest in the U.S., business leaders said. The Senate voted 51 to 48 along party lines to approve what has been described as the biggest overhaul of the tax system in 30 years, though the ... Read More »

4men arrested for drug smuggling at Taoyuan airport

TAIPEI: The Criminal Investigation Bureau (CIB) arrested four Taiwanese men at Taiwan Taoyuan International Airport for trying to smuggle 9.216 kilograms of ketamine into the country from Malaysia. The men were found with the drugs strapped to their stomach and lower legs at a customs check at the airport, the CIB told reporters on Sunday.  After investigating the activities of ... Read More »

Honduras to send the first melons to Taiwan on December 30,

TAIPEI: “An expert of the Agriculture Council will make a one week visit to the Agrolibano farms from December 18 to the 22. We are waiting for this procedure because it will be the first time that Honduras exports its melons to Taiwan,” Huang said. The inspection will be carried out in coordination with executives of Agrolibano and the Honduran ... Read More »

Taiwan Czech republic ink double taxation avoidance pact,

TAIPEI: An agreement between Taiwan and the Czech Republic on double taxation avoidance and fiscal evasion prevention with respect to taxes on income was concluded Dec. 12 in Prague, setting the stage for increased investment and trade as well as industrial and technological cooperation between the two countries, according to the Ministry of Finance. The pact was inked by Wang ... Read More »

Taiwanese defense Industry revenue price and gross margin research report 2022,

TAIPEI: Taiwan’s defense expenditure is expected to register a CAGR of 2.90% during the forecast period to reach US$12.1 billion by 2022 Taiwan’s military expenditure stands at US$10.2 billion in 2017 and is projected to register a CAGR of 2.90% during the forecast period to reach US$12.1 billion by 2022. The main factors driving this growth are the rapid modernization ... Read More »

Taiwan IC materials suppliers expect better revenue,

TAIPEI: Taiwan’s major semiconductor materials distributors such as Topco Scientific and Wah Lee Industrial have reported revenue increases in the first 11 months of 2017 and expect better records for 2018, mainly bolstered by increasing demand for silicon wafers, photoresists, and other advanced materials by wafer foundry houses across the Taiwan Strait, according to industry sources. Topco has announced consolidated ... Read More »

Exports of Taiwan increased in Nov,

TAIPEI: Taiwanese exports have increased at a double-digit pace last month, due to strong demand of electronic parts before the holiday season. The country’s exports have hit a new high of 28.88b USD last month, a 14% increase from 2016, and would be the 14th month in a row for outbound sales growth. The sector of electronics component was still ... Read More »

Neo Solar Power benefiting from domestic Taiwan solar demand,

TAIPET: Taiwan based merchant solar cell and module producer Neo Solar Power (NSP) reported a decline in shipments and revenue, due to an end of year slowdown in demand, while highlighting shipments within Taiwan reached a record high as domestic demand continued to increase. NSP reported Novemeber 2017 sales of NT$ 1,110 million down 12.71% from the previous month but ... Read More »

AI, IoT to greatly benefit Taiwan ICT sector, says TCA chair

TAIPEI: Taiwan information and communication technology (ICT) industry has no reason to show pessimism about its future prospect, as such new tech applications as AI (artificial intelligence), IoT (Internet of Things), and smart cities will be extended to all the industrial and commercial fields in the near future and generate tremendous business opportunities, according to Tung Tzu-hsien, chairman of Taipei ... Read More »

Taiwan, Japan sign agreements on customs enforcement, cultural exchanges

TAIPEI: Taiwan and Japan signed two memorandums of understanding Nov. 22 to boost collaboration on customs enforcement and cultural exchanges. The pacts were sealed at the conclusion of the annual Taiwan-Japan Economic and Trade Conference in Tokyo. Chiou I-jen, head of Taiwan-Japan Relations Association, and Mitsuo Ohashi, chairman of Japan-Taiwan Exchange Association, inked the accords on behalf of the two ... Read More »