Taiwan was listed 11th in the 2017 global rankings for economic freedom, jumping 3 places to gain its highest ranking ever, according to the Heritage Foundation, which released the index recently.
Taiwan was ranked ahead of both the United Kingdom (12th) and the United States (17th), the Heritage Foundation’s Index of Economic Freedom showed.
Photo: National Palace Museum © SUPERJOSEPH | DREAMSTIME.COM
ACROSS THE CHOPPY WATERS from mainland China in Taiwan’s capital of Taipei, a bold wind of creativity spurred on everyone from whiskey makers to IT innovators.
Last fall the government initiated a high-tech project to rival America’s Silicon Valley under a new scheme dubbed “the Asian Silicon Valley,” a masterful economic plan to be completed by 2023 in neighboring Taoyuan City. A $357.9 million budget has already been slated this year alone to help startups and research and development for internet industries. Meanwhile, the Taiwanese whiskey distiller Kavalan earned a reputation among whiskey connoisseurs as the world’s best. In 2015 Kavalan’s Solist Vinho Barrique earned the title “World’s Best Single Malt Whisky” from the prestigious World Whiskies Awards.
But Taipei hasn’t always enjoyed this sweet smell of success.
Establishment of smart machinery promotion office crucial to strengthening Taiwan’s Industry 4.0 development: Tsai
Taipei (Taiwan News) — Taiwanese President Tsai Ing-wen (蔡英文) highlighted major functions of the newly established Smart Machinery Promotion Office in Taichung to help strengthen Industry 4.0 developments, during the opening ceremony on Tuesday.
The new office is an important milestone for Taiwan’s Industry 4.0, she added. The Smart Machinery Promotion Office has been established under the ministry of economics Smart Machinery Promotion Program, other agencies involved in the program include the Industrial Development Bureau (IDB) and the Precision Machinery Research and Development Center (PMC).
TAIPEI, Taiwan — The government’s “New Southbound Policy" will get a boost at the upcoming Sourcing Taiwan 2017, with nearly half of the over 500 international buyers coming from countries targeted by the initiative, organizers said Monday.
The annual trade event, organized by the Bureau of Foreign Trade and executed by the Taiwan External Trade Development Council (TAITRA), will be held March 29 at Taipei Nangang Exhibition Center. TAITRA said the event serve as a trade link between global buyers and top-rated Taiwanese suppliers.
This year’s Taipei Lantern Festival is action-packed with 3D light shows, lantern sculptures, live music, and much more
TAIPEI (Taiwan News) — The 2017 Taipei Lantern Festival, which is running from Feb. 4 – 17, is action-packed with 3D laser light shows, lantern sculptures, parades, and live music at several venues on both sides of Zhonghua Road Section 1.
The Taiwan Ratings Corp. (TRC) recently announced a forecast that Taiwan will see a 2 percent growth in its gross domestic product (GDP) in 2017 and a 2.5 percent rise in 2018. TRC expects Taiwan’s economic growth to jump from 0.9 percent in 2016 to the levels forecast by the agency’s parent company, Standard & Poor’s International.
TAIPEI, Taiwan — Former Foreign Minister James Huang (黃志芳) on Wednesday officially became the new chairman of the Taiwan External Trade Development Council (TAITRA).
In an event witnessed by various ambassadors and representatives to Taiwan, Huang officially accepted the TAITRA chairmanship seal from the …
A trial run for the main venue of the 2017 Taiwan Lantern Festival in Yunlin County’s Huwei Township will be launched Wednesday ahead of its official Feb. 11 opening, according to the county government.
This year’s festival will be held in two areas — at the main venue in Huwei Feb. 11-19 and in the county’s Beigang Township Feb. 7-19, the county government said.
Taiwan’s machinery exports in 2017 are estimated to grow by 5 to 10 percent from last year, backed by improving overseas demand, the Taiwan Association of Machinery Industry (TAMI) recently said.
“We had a few tough years and now we expect a rebound in machinery exports this year,” said TAMI secretary-general Wang Cheng-ching. Recovering demand from major customers since the fourth quarter of 2016 could help boost exports this year, he added.
High-End Electric Vehicles & Heavy Bikes on Display at TWTC Exhibition Hall 1 Starting on April 20
The 2017 “Taiwan International Motorcycle Industry Show" and the “Taiwan International Electric Vehicle Show" will be held at the TWTC Exhibition Hall 1 from April 20 (Thursday) to April 23 (Sunday). Major motorcycle manufacturers including KYMCO, Taiwan Golden Bee, Adiva, Perfect Motors, BMW, KOMO, as well as electric vehicle manufacturer Tesla and Xing Mobility will also take part in the exhibition directly or through an agent. Various high-end vehicles will take center stage in Taipei’s Xinyi Commercial District. The exciting exhibition is not to be missed. Suppliers from automotive-related industries are welcome to sign up for the event.