Seventy-eight percent of survey respondents in the latest British Business Survey have an optimistic outlook on Taiwan’s economic prospects in the next three years, the Britsh Office Taipei said.
“This latest survey received a total of 76 responses from British business, 59 percent of which operate in the energy and semiconductor sectors. Respondents were positive about Taiwan’s economy (78 percent) and optimistic about the outlook for their business in Taiwan over the next one to three years, a growth in confidence compared to previous years,” the office said in a release on Thursday.
“Respondents have high expectations of opportunities in the energy and net zero sectors (83 percent),” it added, citing British businesses as saying that digital trade and the investment environment are improving and that they generally feel comfortable conducting business in Taiwan.
Photo courtesy of the British Office Taipei
“Fifty percent of the British businesses who responded said that Taiwan’s strengths in advanced technology was the primary reason they invested here, with the semiconductor, energy and advanced engineering sectors ranked top in Taiwan for growth potential and investment opportunities,” the office said.
Meanwhile, the annual British business survey results also noted challenges, including that “respondents think that public administration needs to be more efficient and digitalized,” while energy supply and cross-strait relations are seen as the most pressing policy challenges, especially with regard to investing into Taiwan.”
“Making renewable energy goals, plans and project requirements much clearer is seen as a pressing challenge to net zero [carbon emissions] and energy companies,” the survey results said. It added that “Domestic protectionism in the form of local content and local partnership requirements could be reduced,” while the import processes could be improved to be more in line with international standards.”
Taiwan is stepping up plans to create self-sufficient supply chains for combat drones and increase foreign orders from the US to counter China’s numerical superiority, a defense official said on Saturday. Commenting on condition of anonymity, the official said the nation’s armed forces are in agreement with US Admiral Samuel Paparo’s assessment that Taiwan’s military must be prepared to turn the nation’s waters into a “hellscape” for the Chinese People’s Liberation Army (PLA). Paparo, the commander of the US Indo-Pacific Command, reiterated the concept during a Congressional hearing in Washington on Wednesday. He first coined the term in a security conference last
Prosecutors today declined to say who was questioned regarding alleged forgery on petitions to recall Democratic Progressive Party (DPP) legislators, after Chinese-language media earlier reported that members of the Chinese Nationalist Party (KMT) Youth League were brought in for questioning. The Ministry of Justice Investigation Bureau confirmed that two people had been questioned, but did not disclose any further information about the ongoing investigation. KMT Youth League members Lee Hsiao-liang (李孝亮) and Liu Szu-yin (劉思吟) — who are leading the effort to recall DPP caucus chief executive Rosalia Wu (吳思瑤) and Legislator Wu Pei-yi (吳沛憶) — both posted on Facebook saying: “I
Sung Chien-liang (宋建樑), who led efforts to recall Democratic Progressive Party (DPP) Legislator Lee Kun-cheng (李坤城), was released on bail of NT$80,000 today amid outcry over his decision to wear a Nazi armband to questioning the night before. Sung arrived at the New Taipei District Prosecutors’ Office for questioning in a recall petition forgery case last night wearing a red armband bearing a swastika, carrying a copy of Adolf Hitler’s Mein Kampf and giving a Nazi salute. Sung left the building at 1:15am without the armband and covering the book with his coat. Lee said today that this is a serious
The Ministry of Economic Affairs has fined Taobao NT$1.2 million (US$36,912) for advertisements that exceed its approved business scope, requiring the Chinese e-commerce platform to make corrections in the first half of this year or its license may be revoked. Lawmakers have called for stricter enforcement of Chinese e-commerce platforms and measures to prevent China from laundering its goods through Taiwan in response to US President Donald Trump’s heavy tariffs on China. The Legislative Yuan’s Finance Committee met today to discuss policies to prevent China from dumping goods in Taiwan, inviting government agencies to report. Democratic Progressive Party Legislator Kuo Kuo-wen (郭國文) said
RSS