InfoBrief Taiwan, 04.12.2017


Upcoming GTO Events

GTO Goose Dinner

December 7th, 2017
Sherwood, Taipei

The German Trade Office Taipei is hosting its annual GTO Goose Dinner this thursday. Join us for a sparkling wine reception, a four-course dinner, and a lucky draw activity with great prices. To register for the event, please click here.

2018 Secutech German Pavilion

Show Dates: 2018.04.25 - 27
Venue: 1F.,Taipei Nangang Exhibition Center 
Early-Bird Application Deadline: 2017.12.08 
Application Deadline: 2018.01.19

The German Trade Office Taipei is organizing the first German Pavilion at Nangang Exhibition Hall 1F. We sincerely invite you to exhibit at 2018 Secutech German Pavilion and showcase made-in-Germany products, latest technologies and innovations. Secutech is one of the most important events for the security industry and the best platform to access the Asian market. The show converges security, ICT and IoT technologies to help broaden the scope of intelligent solutions, facilitate cross-industry cooperation and enhance the connection between product design and system integration. For more information, click here.


GTO News

GTO Business Confidence Survey 2017 Press Conference

The German Trade Office held a Press conference last Thursday on the results of its recently conducted GTO Business Confidence Survey, which measures how German companies in Taiwan perceive the business environment in Taiwan and how it will develop in the near future. The results showed that Taiwan continues to be a very attractive business destination for German companies, but that a few challenges remain. The event was attended with senior representatives of the Ministry of Economic Affairs, the German Institute, and German companies in Taiwan. For more information, click here.

Promote your brand in our Trade Fair Guide 2018

We are now accepting applications to purchase exclusive advertisement space to showcase your brand name or preferred advertisement of choice in our new „Trade Fair Guide Germany 2018”. It is a 150-page-publication that contains detailed information on all trade fairs taking place in Germany in the coming year. We specifically tailored it to Taiwanese companies interested in the German market. One thousand copies of the booklet will be distributed and circulated among the extensive network of the German Trade Office Taipei. For more information, click here.


GTAI News

Taiwanese consumers like foreign “white goods”

Smart household appliances trigger fight for market share / Local suppliers feel competitive constraints / By Juergen Maurer

Taipei (GTAI) – While there is a substantial supply of household appliances in Taiwan the local market hasn’t been exhausted as can be seen by the growing market penetration of international companies. Foreign suppliers started to follow a trend towards smarter and more efficient housing appliances and expanded their marketing and model range. In Taiwan this can be seen by the increasing imports of “white goods” from other countries, including Germany. The value of imported household appliances in the first half of 2017 was 80% higher compared to the same period last year and reached a total value of more than USD 115m. (GTAI, 23.10.2017)


Economic News

Taiwanese average monthly salary rose to NTD 38,656 in May

The DGBAS recently released its annual statistics based on a manpower utilization survey which is conducted in May each year, measuring the income of workers in Taiwan. According to this year’s survey, the average monthly income increased by 1.63% on a year-on-year basis to NTD 38,656. Compared to the results from May 2016, the number of Taiwanese workers earning less than NTD 30,000 per month decreased by 2.86% and now make up 31.47% of all wage earners. (Focus Taiwan, 30.11.2017)

Taiwan’s manufacturing sector expands in November

Taiwanese manufacturing continued its upward trend in November according to the monthly Nikkei-Markit manufacturing purchasing managers’ index. The index stood at 56.3 this month, well above the 50-point level separating expansion from contraction. Production levels lifted at the fastest pace since March as new orders increased, and overall optimism towards the coming 12 months was at the highest level since August. Meanwhile, employment levels and buying activities also improved in November. (Financial Times, 28.11.2017)


Environment and Green Technologies

Penghu gets 11 new wind turbines by 2020

As the government plans to turn Penghu into a low-carbon-footprint island, Taiwan Power Co. will allocate USD 83m to construct 11 new wind turbines, each with a capacity of 3 megawatt, on the island by 2020. The total number of wind turbines on the island would increase from 14 to 25. The new wind turbines are expected to be capable of generating 150 million kilowatt-hours (kWh), up from the current level of 26kWh. Penghu is said to be one of the best places in Taiwan to develop wind power. (Taipei Times, 24.11.2017)

Taichung Power Plant to reduce coal consumption by 24%

In pursuit of reaching the government’s goals of reducing reliance on coal to 30% by the year 2025, the Taichung City government ordered the Taichung power plant to reduce its use of coal by 24 percent starting in 2018. The Taichung power plant, the largest running coal-fired power plant in the world, will have to reduce its consumption of coal from 21m tons to 16m tons. The resulting 2% loss of the total power production of Taiwan is to be replaced with natural gas. (Taiwan News, 30.11.2017)

Kaohsiung City grants free rides on public transport to fight pollution

The Kaohsiung City government announced it will invest USD 6.6m to grant free rides to all passengers on Kaohsiung’s public Transport system for the next three months in order to fight recent air pollution. On the city’s Mass Rapid Transit, free rides will be available during rush hour times, while light rail and busses will be free of charge for the whole day. Usually, the air quality in the area is significantly worse in winter, due to weather and geographical conditions. According to the city government, the move will encourage workers to leave their cars and scooters at home, which will decrease carbon emissions by 16,000 tons. (Taiwan News, 28.11.2017)

Financial deregulation will boost renewable energy sector

Last Thursday, Premier Lai announced that investment in green energy will be boosted by the deregulations in the financial sector at the beginning of November. After Taiwanese insurance companies had invested USD 178.3m in the renewable energy sector, financial entities are expected to follow and invest up to USD 50bn. Offshore wind farms are predicted to be influenced positively by the deregulations, with the expected capacity raised to 4.2 gigawatts, up from the original expectation of 3.0 gigawatts by 2025. (Taipei Times, 24.11.2017)




Companies and Industries

Bank of Taiwan and Deutsche Bank plan to collaborate

A Memorandum of Understanding was signed by executives from Deutsche Bank and Bank of Taiwan (BOT) to strengthen their partnership and focus on future opportunities. These include credit and project finance opportunities related to Taiwan's green energy initiatives and the New Southbound Policy. It is expected that this will be a long-lasting cooperation that will extend globally beyond Taiwan and Germany. BOT is the largest bank in Taiwan and received the permission to establish its first office in continental Europe, Frankfurt, earlier this month. (The Financial, 29.11.2017)

Nike includes Taiwan technology in it's shoe manufacturing strategy

Nike announced that they will shift their manufacturing strategy to adopt production innovations used by Taiwan’s Feng Tay Enterprises Co. Ltd. The move will allow Nike to keep up with its competitors as it integrates 11 new automated technologies into their production process. According to Nike's operation manager, Feng Tay’s automation technology is the best in the shoe manufacturing industry. Nike plans to offer automated customization options for all shoes by 2023. (Taiwan News, 03.12.2017)

Other News

Premier aiming to boost mobile payment penetration rate in Taiwan

Premier Lai Ching-te recently laid out a three-point plan for promoting mobile payment in Taiwan. To keep up with global trends in the age of digital economy, Taiwan should transform into a “smart country” and expand mobile payment penetration rate to 90% by 2025. The plan includes hosting events to raise awareness of mobile payment systems, introducing regulations to create a mobile friendly environment, as well as working with the information security industry to strengthen the foundation for the development of mobile payment in Taiwan. (Focus Taiwan, 24.11.2017)

Taiwanese Academic receives Switzerland’s top science award

Taiwanese academic Shih Chih-jen is the first Asian to receive the chemistry award, Ruzicka-Preis. He won the award for his research and development of the highest purest form of the green light-emitting diode. Shih works as an assistant professor at Eidgenössische Technische Hochschule in Zurich. The Rusicka Preis is awarded to young outstanding scientists in the field of chemistry. Shih holds a university degree from the National Taiwan University and a doctoral degree at Massachusetts Institute of Technology. He completed his postdoctoral research at Stanford University. (Focus Taiwan, 29.11.2017)

 

Follow us on:

linkedin
Instagram
facebook
twitter
google plus
LINE

Subscribe / Unsubscribe:
If you wish to no longer receive our newsletter, please click here. If this newsletter was forwarded to you and you wish to sign up, please click here.

Imprint:
Publisher:
German Trade Office Taipei
International Trade Bldg., 19F-9, No. 333, Keelung Rd., Sec. 1, Taipei 11012, Taiwan
Tel.: +886-2-8758-5800, Fax: +886-2-8758-5833, info(at)taiwan.ahk.de

Advertisements:
DEinternational Taiwan Ltd., Vertriebsgesellschaft des Deutschen Wirtschaftsbüro Taipei
International Trade Bldg., 19F-10, No. 333, Keelung Rd., Sec. 1, Taipei 11012, Taiwan
Tel.: +886-2-8758-5800, Fax: +886-2-8758-5833, services(at)taiwan.ahk.de

Copyright:
This newsletter is subject to German copyright law. Contents of this newsletters may be copied, distributed or  linked to only if „InfoBrief Taiwan“, “Deutsches Wirtschaftsbüro Taipei”, „InfoBrief Taiwan“ or “German Trade Office Taipei” is visibly shown as source.

Premium Partner 2017

Display Options

DEinternational Taiwan Ltd.

Service Unit of the German Trade Office Taipei

 +886-2-8758-5800
services(at)deinternational.com.tw


Did you know?


There were 21.7 million registered motor vehicles in Taiwan in September 2017.

There were 62.6 million registered motor vehicles in Germany at the beginning of 2017.





Glossary

DGBAS

Directorate General of Budget, Accounting and Statistics

ECFA

Economic Cooperation Framework Agreement

ITRI

Industrial Technology Research Institute

MOEA

Ministry of Economic Affairs

MOF

Ministry of Finance

MOFA

Ministry of Foreign Affairs

MOI

Ministry of the Interior

MOST

Ministry of Science and Technology

TAITRA

Taiwan External Trade Development Council

TSMC

Taiwan Semiconductor Manufacturing Company


Note: All figures are in US Dollar and originate from the newspaper articles or have been converted according to the current exchange rate.





David Yuan
Assistant Manager Media & Communications 
Tel.: +886-2-8758-5805
yuan.david(at)taiwan.ahk.de

Scan this QR-Code with your smartphone to subscribe to the InfoBrief Taiwan.