Written by Brian Hioe. After a rail accident on Friday that left fifty dead and injured over 200, there has been much political contention between both the DPP and opposition parties such as the KMT. The railway accident was the deadliest accident in Taiwan in decades and took place after a truck from a construction site on a slope overlooking train tracks slid down a slope and crashed into a train exiting a tunnel near Hualien.
Written by David Michael Jaffe. Space Force. Space Operations Squadron. Strategic Support Force. These are the entities, all created within the last five years, responsible for shaping the future of military space operations in the United States, Japan, and the People’s Republic of China, respectively. Russia, too, calls its military’s outer space division the “Space Force.” Meanwhile, South Korea – while it has yet to name a new division formally – recently launched a military satellite aboard a SpaceX rocket in Florida and plans to launch a military satellite from its own soil in the next few years. Australia has already launched satellites from its own soil. Members of the country’s Defence Science and Technology Group are considering launching their own military satellite and advocating for creating their own space force. It is no secret that North Korea also has ambitions to engage in the military space arena.
Written by Chun-Chien Kuo. By adding fire to the existing US-China Trade War, Covid-19 has accelerated the current economic adjustment pace, along with the need for supply chain reallocation in industries. Thus, industries and firms in Taiwan have responded to adjust their production of diverse parts and components. They have also attempted to establish their own sufficient domestic supply chains. New trends in supply chain reallocation have also emerged, such as localised supply chains, shorten supply chains and digitalisation under the Covid-19 threat.
Written by Michael C.Y. Lin. Taiwan’s success in battling the novel coronavirus has promoted its international image, attracting businesses, investment, and a skilled workforce to the country. These trends offer Taiwan a potential opportunity to deepen its talent pool. Over the past two decades, Taiwan has experienced stagnant real wage growth, driving out skilled domestic workers and discouraging overseas Taiwanese talent from returning to their homeland. In particular, talent outflow from Taiwan to China has raised serious concerns.
Written by Bonny Ling. On 28 January 2021, public prosecutors in Taichung indicted four individuals on charges of human trafficking, violations of the Employment Services Act and forgery of documents for their role in exploiting Vietnamese migrant workers in Taiwan. The four involved worked at the Hong Yu Employment Service Agency Company (弘宇人力仲介公司) in Taichung to recruit migrant workers from Vietnam. Established in 2017, Hong Yu placed 126 Vietnamese migrant workers in the construction sector around Taiwan from July 2018 to August 2020.
Written by Lotta Danielsson. The Taiwan economy fared well in 2020 and continues to do so into early 2021. This is primarily due to strong domestic demand, robust technology exports driven by the global shift to remote work, and a rebound in export orders for industrial goods. According to recent figures released by its national statistics bureau, Taiwan’s economic growth in 2020 was 2.98%, outperforming China’s same-year growth of 2.3% for the first time in 30 years.
Written by Min-hua Chiang. With 2.98% of growth rate in 2020, Taiwan’s economy has outperformed many countries in the world. The moderate economic expansion was attributed to the surging external demand for information and communications technology (ICT) goods and the growing investment repatriation. The domestic consumption remained resilient thanks to the growth in domestic tourism and economic stimulus measures. After all, Taiwan’s success in containing the COVID-19 underpinned the whole economy well amid the ongoing global pandemic crisis.
Written by Yu-Ching Kuo and Robyn Klingler-Vidra. Early into the global pandemic — and amidst ongoing U.S.-China trade tensions — the International Monetary Fund’s (IMF) World Economic Outlook in April 2020 forecast that Taiwan’s GDP would shrink by 4% in 2020. However, by October 2020, Taiwan’s exports unexpectedly grew by 3.4% and GDP increased by 2%. The outperformance was partly due to Taiwan’s capacity to fight COVID-19, which contributed to the export growth rate of semiconductors and electronics and information technology industries, which was as high as 20%. #Taiwan #economy #industry #covid #Trump @RobynVidra
Written by Ian Inkster. As Joseph Cummings has summarised recently for Redaction Politics, ‘experts believe that Mr Biden’s policy will fall short of provocation of mainland China and Mr Trump’s open empowerment of Taiwanese militarisation,’ and there is little reason yet to discount that view. The fact that the US has approved recent arms purchase deals with Taiwan may mean no real change in the long history of less-than-best military techniques being sold off to Taiwan as part of the old cold-war alliance.
Written by Bo-Yi Lee. Taiwan’s semiconductor industry has recently attracted attention from foreign governments and media due to the shortage of chips essential for carmakers. Besides, with the growing demand for advanced technologies, including artificial intelligence (AI), fifth-generation (5G) communication, electric vehicles, etc., Taiwan’s semiconductor industry’s strategic importance cannot be over-emphasized. For these Taiwanese firms in this critical supply chain, it is necessary to prioritize and strategize attracting, retaining, and developing talents, since this is a capital and a knowledge-intensive industry.
Written By William Kung 孔德廉. Regarding the dramatic changes brought about by the “spinach industry,” Wang Weiren, an old overseas Chinese who has lived in the Philippines for 60 years, described it as “locusts crossing the border.” Although the gambling industry has helped drive obvious GDP growth in the Philippines, the economic gains have not been shared by the public at large. Instead, it has been concentrated in the hands of a few Chinese business owners. Not only that, a large number of Chinese ethnic groups in the industry are not prepared to integrate into the local area. Instead, they are reluctant to change their ways and prone to conflict with the locals. If China and the Philippines were ever to join forces to crack down on illegal businesses, the first thing to bear would be the Philippine economy, which is currently overly dependent on the gambling industry.
Written By Willian Kung. Ten years ago, Many Chinese, Malaysians, and Indonesians left their hometowns and moved to the Philippines to chase the gold rush triggered by online gambling. In recent years, the latest wave has attracted many Taiwanese. According to statistics from the Philippine Immigration Bureau, in 2018, more than 200,000 Chinese workers applied for work visas, 90% related to online casinos. There are also many Taiwanese living in the Philippines. In 2016, the Taiwan Economic and Cultural Office in the Philippines issued a message stating “recently, there has been an increasing number of Taiwanese people going to the Philippines to work in the gambling industry, please be wary that risks often outweigh the rewards. Many have had their passports detained.”