Report: Land for $9.4B complex could hold 7 slave cemeteries

NEW ORLEANS (AP) — Land bought for a Taiwan company's planned $9.4 billion plastics complex may hold as many as seven slave cemeteries — five more than previously thought, local activists said Wednesd...

Environmental groups challenge plastics complex permit

NEW ORLEANS (AP) — Conservation and community groups sued the Trump administration Wednesday, challenging environmental permits for a Taiwan company's planned $9.4 billion plastics complex in Louisian...

Taiwan’s economic outlook may not be so rosy in 2020

TAIPEI (Taiwan News) — A sluggish economy can be expected for Taiwan in the coming year, said the island’s leading business tycoons on Monday (Oct. 7). Wang Wen-yuan (王文淵), president of...

Taiwan's CNFI releases 2019 White Paper

The Taiwan-based Chinese National Federation of Industries (CNFI) released its 2019 White Paper Monday, which raised more than 200 suggestions to the government for a friendlier business environment a...

Japan’s export ban on South Korea to have limited impact on Taiwan: Economic Minister

TAIPEI (Taiwan News) – Japan’s move to tighten controls on exports to South Korea should have only a limited impact on Taiwan, said the island’s Economic Minister on Wednesday (July ...

Taiwan's Formosa Plastics raises workers' salaries by 3.378%

TAIPEI (Taiwan News) -- Formosa Plastics Group (FPG, 台塑) gave its employees a 3.378 percent pay raise this year. After negotiations between FPG President Wang Wen-yuan (王文淵) and workers' union ...

7,785 Vietnamese citizens file lawsuit against Taiwan's Formosa Plastics Group

TAIPEI (Taiwan News) – On Tuesday afternoon (June 11), a shareholders meeting of the Formosa Plastics Group (FPG) was held in Taipei after 7,785 Vietnamese citizens filed a lawsuit charging the ...

Economy most important bid in event of Terry Gou campaign: Taiwan business leader

TAIPEI (Taiwan News) - The economy should be the most important topic if Foxconn Technology Group chief Terry Gou (郭台銘) decides to run for president, said Wang Wen-yuan (王文淵), chairman of the Chinese ...

Approved investment in Taiwan from NSP countries soars over 40% in 2018

The amount of approved investment in Taiwan from countries targeted by the government's New Southbound Policy (NSP) jumped more than 40 percent year-on-year in 2018, according to data released by ...

Taiwan wages see slow and steady growth in Sept.

TAIPEI (Taiwan News) – Wages across Taiwan rose by an average of 2.48 percent in annual terms during the month of Sept., according to the Directorate General of Budget, Accounting and Statistics...

Taiwan's FPG to pay 6 months' salary for year-end bonus

TAIPEI (Taiwan News) -- Formosa Plastics Group (FPG, 台塑) is set to give its employees a year-end bonus worth six months of salary as well as red envelopes, said the company's president Wang Wen-yu...

'Arab Palace' up for sale for NT$3.3 billion in NE Taiwan

TAIPEI (Taiwan News) -- A massive Middle Eastern-style palace in northeastern Taiwan, which has seldom been seen by the public, is up for sale for the price of NT$3.3 billion (US$71.3 million). Th...

Taiwan needs to rely on manufacturing and trade: CNFI

TAIPEI (Taiwan News) – Taiwan is small so it needs to rely on manufacturing and trade, said Wang Wen-yuan (王文淵), chairman of Taiwan’s Chinese National Federation of Industries (CNFI, 工總), ...

Formosa Plastics' 2nd furnace in Vietnam steel mill starts production

TAIPEI (CNA) - The second furnace of Taiwanese conglomerate Formosa Plastics Group (FPG)'s steel mill in Vietnam has started production on a trial basis, a step which is expected to generate addit...

US chipmaker Micron to boost hiring in Taiwan to fight China poaching

TAIPEI (Taiwan News) -- U.S.-based chipmaker Micron Technology is planning hire at least 800 new workers in Taiwan by 2019 to counter poaching efforts by Chinese rivals, reported the Nikkei Asian Revi...