The top executives of Taiwan’s 2,000 largest enterprises believe economic prospects for 2019 are glum. Due to the potential fallout from a looming trade war between China and the United States, few dare to be optimistic about the global economy and economic development at home. The prelude to the big relocation of Taiwan’s supply chain is already over, and, while massive challenges are ahead, we can prepare for the battle by taking Chinese strategist Sunzi’s advice: Know yourself and your enemy, and you will not be defeated.
The paradigm shift is likely to disturb and shake up our conventional thinking, but authorities should stop dithering and start educating businesses and consumers on the value of using raw materials in the smartest possible way.
“What’s cool about Taiwan is that it’s got both the mountains and the sea. A city like Taipei has the beautiful forests of Yangmingshan, and just half an hour down the mountain is the gorgeous coast. It’s stunning,” exclaims German national Eckart Mayer, the top executive at a leading automobile importer to Taiwan.
Compared with previous years, Taiwanese enterprises made greater progress on the CSR front this time. In 2017 alone, companies poured NT$8.2 billion into charitable donations. The companies that made it into the top 100 corporate citizens employ a total of 460,000 people, accounting for only four percent of Taiwan’s employed workforce. However, these companies generate annual revenue in excess of NT$14 trillion, or 80 percent of the island’s GDP.
For the third year in a row, Delta Electronics has defended its top spot in the CommonWealth Magazine Corporate Citizen Awards rankings of large enterprises. The electronics company’s outstanding performance shows that corporate social responsibility (CSR) is not a question of good timing; the time is always right to do the right thing, i.e. moving forward with the CSR agenda.
According to a new Oxfam report, 82% of the wealth generated last year went to the richest 1% of the global population, while the 3.7 billion people who make up the poorest 50% of the world saw no increase in their wealth. What happened?
President Tsai Ing-wen is currently less popular than her premier, a rare phenomenon in Taiwanese politics. Areas in which the public is least happy with the Tsai administration range from government performance and the economy to air pollution and high housing prices.
CommonWealth Magazine’s latest State of the Nation Survey has revealed a slide in the younger generation’s identification with Taiwan. While it may be just a temporary blip, it also suggests that the biggest rival to the DPP’s power in Taiwan is Beijing.
Incoming Premier William Lai is wasting no time, cracking the whip to jumpstart Taiwan’s ambitious new infrastructure program, focusing on green energy, offshore wind farms, digital infrastructure upgrading, and easing employment regulations. Will the government’s strategy of using small investment to stimulate large growth pay off?
Seventy percent of Taiwanese CEOs are upbeat about the 2018 global economic outlook. Almost 80 percent of CEOs are planning to grant pay raises, and their intention to invest at home and abroad is also getting stronger.
Since taking office five years ago, he has helped transform Taitung County from a remote southern coastal city with 40 percent low-income families and a serious population drain into a major tourism hotspot. How has County Magistrate Justin Huang presided over such a turnaround?
Taoyuan Mayor Cheng Wen-tsan was a surprise winner of his city’s mayoral election in 2014, and he has continued to surprise in office, showing diligence and savvy in building a positive image among city residents and delivering results.
Taiwan’s youngest city mayor heads up a city that will mark its tricentennial next year. On the strength of a series of popular initiatives, Hsinchu City Mayor Lin Chih-chien is helping reshape Taiwan’s own “Windy City” to face the challenges of the new century.
CommonWealth Magazine's latest local leader approval survey results are out. As the bipartisan divide between the blue and green political camps wanes, many veteran mayors and magistrates are seeing their stars fall, while rookies are rising to new highs.
Mercedes-Benz Taiwan, the country’s leading seller of luxury automobiles, continues to rack up sales records year after year. Despite being a foreign corporation, MBT has given back to society through two locally attuned programs.
The textile industry is notorious for using vast amounts of water throughout its milling processes, putting an enormous strain on the planet’s dwindling water resources. But Far Eastern New Century Corp. has had the foresight to invest in a novel “water-free dyeing” technique, saving resources and cutting costs.
From a minor volleyball tournament to one of the biggest sporting events in Taiwan, the Yung Shin Cup is a prime example of private corporate sports sponsorship. Boosting the local economy and community development, the tournament is a platform of exchange for the sports and health communities.
Apple is quietly going green, including making new products out of recycled materials and pushing a 100 percent renewable energy goal for its own stores and suppliers. With Taiwan a critical part of Apple’s supply chain, how will it adapt?
CommonWealth Magazine’s Top 1000 Survey pointed to potential threats to Taiwan’s competitiveness – fewer companies making the cut, the fading aura of the semiconductor and flat panel sectors, the lack of new blood and China’s rise.
Thanks to customer-oriented “pre-sales services” and strong R&D capability, Taiwan’s largest integrated steelmaker, China Steel Corporation, has doubled its profits and made inroads into the Asian market for high-end steel materials.
Largan Precision’s dominance in the high-end lens industry was confirmed when Apple’s iPhone 7 Plus ushered in the dual-lens smartphone camera era at the end of 2016. How has Largan reached this pinnacle, and where does it go from here?
Artificial intelligence is poised to explode, much like the internet in the 1990s. But with no clear market and no advanced research, how can Taiwan find its niche in this global tsunami and what will it need to do to strike success?
Cultural creative, environment-related industries are finding growth while retail and hospitality sectors are expanding markets. The service industry is developing profitable streams even as profits have declined overall.
Though seasonal demand for consumer electronics helps Taiwan's ailing manufacturing industry stop bleeding money for now, finding products and services that generate sustainable growth will be crucial for the future development of the manufacturing sector.
The Fubon Group has bucked convention in growing its business, whether moving into southern Taiwan or expanding into non-financial fields. In this interview with Richard Tsai, the Fubon Financial Holdings chairman explains how the company has evolved into a national brand.
Combining real-world and virtual services, Nike brings consumers into the “circle of runners,” providing expert training and encouragement, and delivering service with passion to take the loneliness out of running.
Why is business booming for Pinkoi in countries around the world? Using a recommendations function and analyzing consumer preferences to target their needs, the company acts as a bridge between supply and demand to successfully navigate the intense competition of the e-commerce space.
The new fashion trend in the service sector has nothing to do with the usual suspects, like glamorous apparel, sparkling jewelry or fast cars. It’s wellness, and companies are using many strategies to capitalize on soaring demand for this hot commodity.
One third of Taiwan’s 24 service industry sector champions were toppled in the 2017 Golden Service Awards, a testament to the challenging, changeable and competitive nature of the economic environment.
President Tsai Ing-wen’s administration is having a hard time satisfying socie-ty’s expectations. The voices of middle-aged people, residents of remote areas, and those demanding educational reforms must be heard.
The CommonWealth Magazine 2017 State of the Nation Survey identified a major generational divide in Taiwan on a wide range of issues. There was agreement on only one point, the need for economic transformation.