Global 

Taiwan’s bike makers bank on e-bikes to power them to the top in wake of US-China trade war

Set to a rhythmic soundtrack of clacking machinery, whirring drills and inflating tyres, bikes take shape at a factory run by Taiwan’s Giant, which is leading the island’s push to regain its crown as bike maker to the world.And key to this push is demand for electronic two-wheelers from environmentally conscious European consumers, with surging exports providing support during the China-US trade war.At an assembly line near the central city of Taichung, workers for Giant – the world’s biggest… Source link

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China 

Trade war: why next US tariffs on China could halve Taiwan’s growth

The next round of trade tariffs that the US may impose this summer as part of the escalation of its trade war with China threatens to hurt Taiwan more than other Asian countries because computers and consumer electronics will be targeted for the first time.The new tariffs, which could be implemented as soon as July, could cut Taiwanese growth this year in half to just over 1 per cent, analysts said.The tariffs of up to 25 per cent on electronic products assembled in China – including PCs and… Source link

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Home 

Taiwan’s real estate awaits with bated breath as race warms up to find a Beijing-friendly president

A park in Taipei with the Taipei 101 skyscraper in the centre on Saturday, March 30, 2019. According to Knight Frank’s 2019†Wealth Report, Taipei was eighth in a global list of cities ranked by the number of ultra-high-net-worth individuals, with 1,519 people who have at least $30 million in assets. And the property firm predicts that number will rise to 1,864 by 2023. Photo: Bloomberg Source link

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Global 

US-China trade war damages export powerhouse Taiwan’s growth prospects, as global demand softens

Taiwan’s growth prospects are edging down, with the US-China trade war placing strain on the export powerhouse’s economy. Sluggish global demand is adding to Taiwan’s poor trade performance, with exports falling 4.4 per cent in March, a fifth straight monthly decline. Exports cover 77 per cent of Taiwan’s gross domestic product (GDP), which the budget office estimates will reach $595 billion this year. That weighting makes the island vulnerable to global demand shifts offshore. The picture… Source link

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China 

Illegal immigration disrupts Taiwan’s economic shift away from China and towards Southeast Asia

Nearly 2,000 visitors have violated Taiwan’s immigration rules since they were relaxed three years ago to boost the self-ruled island’s slow moving economy and reduce its reliance on mainland China. Tourists have been pouring in from South and Southeast Asia in response to Taiwan President Tsai Ing-wen’s New Southbound Policy, introduced in 2016, to shift her island’s economic weight to those regions. Enrolment by Southeast Asian students at Taiwanese universities is shooting up, too, and… Source link

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Home 

Taiwan’s property market is heating up thanks to factory reshoring, bucking regional gloom

A manufacturing uptick that promises to put the sparkle back on the “Made in Taiwan” label is helping bolster the island’s real estate market, according to analysts.As manufacturers in mainland China seek out new domiciles for production amid the ongoing trade war between Washington and Beijing, Taiwan has come back into focus as a reasonable alternative.“We see a lot of manufacturers or companies that are retreating partially or moving back some of their factory activity from China,” said… Source link

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Home 

Will trimmed subsidy roll back knock the wind out of Taiwan’s offshore turbine sector?

A retrospective reduction in subsidies for offshore wind power development by Taiwan could take the wind out of international developers’ sails, and erode some of the sector’s attractiveness relative to Japan, mainland China and South Korea as an investment destination. The Taiwan government had proposed an aggressive cutback in subsidies for offshore wind power projects in November 2018, after the ruling Democratic Progressive Party suffered a major election setback at the hands of the opposition Kuomintang Party, which has criticised offshore wind subsidies previously given as too generous. It initially…

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China 

As US and China battle over trade tariffs, Taiwan’s underdog city waits patiently for its day

One of the biggest beneficiaries of the trade war between the United States and China may turn out to be a gritty Taiwanese town called Taoyuan. A former Japanese enclave to the west of Taipei, Taoyuan had long suffered as local businesses shifted factories to the mainland to benefit from cheap labour and globalising trade. But as tensions between the world’s two largest economies escalate, Taiwan’s biggest technology firms are moving some production back home and many are turning to the city of 2 million on the northwestern coast. The…

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Singapore 

Taiwan’s Tiger Sugar bubble milk tea to open at Singapore’s Capitol Piazza in early Nov, Singapore, Food News

SINGAPORE – Calling all milk tea lovers, Instagram addicts and those who call themselves both. Tiger Sugar, the latest bubble milk tea craze to hit Taiwan, will be making its foray into the South-east Asian market with a Singapore outlet in early November. Mr Trevor Fong, the managing director of parent brand Clover Lifestyle, confirmed with The Straits Times on Monday (Oct 8) that Tiger Sugar Singapore’s flagship store will be located at Capitol Piazza near City Hall MRT station. Fans in Singapore were previously left guessing about the store’s…

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