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Visa-free access to Thais granted by Taiwan

From the upcoming month Aug 1st onwards , Thai tourists will no longer need a visa to enter Taiwan.

Taiwan’s cabinet on Friday waived visas for visitors from Thailand and Brunei for stays of up to 30 days to entice more tourists to visit the island.

The ruling will be implemented on a one-year trial basis, running until July 31 next year.  

About 1.43 million tourists from Southeast Asian countries visited Taiwan last year. The visa-free scheme for citizens of Thailand and Brunei is expected to increase the number of visitors from Southeast Asia by 20%, or about 280,000 more people, in 2016.


Source from : http://www.bangkokpost.com/business/tourism-and-transport/1037957/taiwan-grants-visa-free-access-to-thais

Taiwan's manufacturing expected to contract in 2015

Taiwan's local manufacturing sector will likely flash a "blue light" indicating a contraction for the entire 2015 amid a slowing global economy, which has weakened demand in the world market and affected Taiwan's export performance, according to the Taiwan Institute of Economic Research.

The TIER said that a plunge in international crude oil prices has meanwhile cut manufacturers' pricing power and prompted many buyers to put their purchase plans on hold, which has further hurt Taiwanese exporters' bottom lines.

For the third quarter of this year, the TIER said that the composite index for the local manufacturing sector is expected to flash a blue light, indicating a contraction, and echoing the latest government data, which showed that Taiwan's gross domestic product for the July-September period contracted 1.01 percent from a year earlier.

The institute uses a five-light system to describe economic activity, with red indicating overheating, yellow-red showing fast growth, green representing stable growth, yellow-blue signaling sluggish growth and blue reflecting a contraction. The gloomy forecast made by the TEIR came after the think tank released the September composite index for the local manufacturing sector. The September figure fell to 9.34 points from the 9.43 points seen in August, and continued to flash a blue light for the sixth consecutive month.

In September, two of the five factors in the composite index trended lower: the sub-index for raw material purchases fell 0.34 points from a month earlier, and the sub-index for operating costs dropped 0.07 points, the TIER said. However, the sub-indexes for product prices, demand and the business environment for September gained 0.17 points, 0.08 points and 0.07 points from a month earlier, respectively, the think tank said.

In terms of sub-sectors in the manufacturing sector, the TIER said that a supply glut in the global oil market remained in place, keeping crude oil prices at lows, and that this has dragged down prices of Taiwan-made petrochemical products. Therefore, the local petrochemical and rubber sector flashed a blue light in September.

The local metal and machinery sector meanwhile felt the pinch of impact from escalating global competition and lingering weakening demand, so the sector also continued to flash a blue light in September.

At the same time, the local electronics component sector has been affected by on-going inventory adjustments in the global semiconductor industry and slowing shipments in handheld devices, including smartphones, the TIER said, adding the sector flashed a blue light in September, compared with a yellow-blue light seen in August.

In the computers, optoelectronics and other electronics device sector, the composite index improved to a yellow-blue light from a blue light as the launch of the Windows 10 operating system by Microsoft Corp. sparked a wave of equipment replacements and purchases.

source: focustaiwan

Kiwi software company wins big in Taiwan

Syngency, the Kiwi software company, has won first place at the TechNode Demo Day conference in Taiwan this week, and will showcase its technology innovations at the 2015 TechCrunch conference in Shanghai this June.

Founded in 2010, Syngency has designed, built and refined a cloud-based platform for modelling and talent agencies.

The platform helps agencies manage day-to-day operations - it provides collaboration tools and mobile applications, changing the way agents, clients and models interact with the agency. Transforming tedious tasks into efficient and simple processes, Syngency's technology helps agencies save time and money, according to a statement.

Ryan Marshall, Syngency CEO, says the company has the ability to disrupt the global fashion industry with its cloud-based software. In less than six months, Syngency has grown exponentially, acquiring modelling and talent agencies across USA, Europe, Australia and New Zealand markets.

At TechNode, Syngency was up against 10 other start-up companies from around the world. Those in the running were judged by a panel of business professionals from Taiwan, China and Japan, including John Yeh, Hiiir CEO and founder, and Felipe Tan, Kii Greater China business development manager.

Marshall says, [The judges] commended Syngency on having a well-considered and highly developed business model, one they believe has considerable potential to succeed on a large scale in Asia. It's a huge boost for us to be so well received, travelling this distance to a market so considerably different from where our existing customers are.

Winning TechNode’s competition has helped Syngency validate and speed up its growth plans. Winning TechNode really validated the potential Syngency has to succeed in Asia. We’ve created a huge amount of local interest in the company and what our plans are here, says Marshall.

Recently, Syngency was also placed as a winning finalist in BNZ's Startup Alley competition at Webstock 2015 in Wellington. The company received free flights to San Francisco, giving it the opportunity to further expand in the USA and join a hub of New Zealand technology company's in July at the Kiwi Landing Pad, neighbouring the Silicon Valley.

source: bizedge.co.nz

Taiwan Importers,Exporters Taiwan,Taiwan Importers Directory,Taiwan Exporters Directory

Taiwan importers and exporters are the one of the most important trade partners of several countries. Taiwan economy is the 19th largest economy in the world and 18th country by Gross Domestic Product. The main reason for their economical growth is international trade especially export-oriented. China is the largest trading partner of Taiwan import and exports.

Taiwan exporters contributes more to country's foreign exchange reserves. The major export commodity of Taiwan exporter are electronics. US investors are the important trade partner of Taiwan electronic exporters. The country is the largest supplier of computer chips, LCD panel, DRAM computer memory, networking equipment and consumer electronics. Taiwan also exports more of its textiles, basic metals, plastics & rubber, optical & photographic instruments and chemicals. Their main export partners are USA, Japan, Europe and ASEAN countries.

Taiwan lacks in natural resources which made the country to depend on imports. Taiwan importers buy more energy products from other countries. They import large amount of metals, electronic products, chemicals and machinery products. Their main import partners are Japan, Mainland China & Hong Kong, USA, Europe and ASEAN countries.

Taiwan importers and exporters are globally well-known and have their presence in all online b2b marketplaces like Bizbilla.com. Taiwan international traders are listed in Bizbilla's importers and exporters directory.