Australia is looking for more cooperation with Taiwan on all fronts, with economic ties being the top priority, the top Australian representative in Taiwan said on Wednesday while urging the government to make it easier and simpler for foreign companies to do business here.
Steve Waters, representative of the Australian Commerce and Industry Office (ACIO), Taipei, said he has found decreased interest among Australian businesspeople in doing business in Taiwan.
"First of all it's because of their obsession with China -- a big market," he said. "But we also see the Taiwan market as being too over-regulated. There is a lot of red tape and too many rules and regulations, which creates a heavy workload for foreign companies that want to enter the market."
The American Chamber of Commerce in Taipei and the European Chamber of Commerce Taipei also share similar concerns about the difficulties in investing in Taiwan, he said.
"What is needed for the Taiwan government is a top-down approach to reforming [the system], rather than a `bottom-up' approach," Waters said.
It serves Taiwan's interests to open up to foreign investment because if there are more foreign companies operating here, this means more foreign governments will be concerned about protecting their interests in the country if any sort of military conflict were to break out, Waters said.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day
Thousands of parents in Singapore are furious after a Cordlife Group Ltd (康盛人生集團), a major operator of cord blood banks in Asia, irreparably damaged their children’s samples through improper handling, with some now pursuing legal action. The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. This has implications across the region, given Cordlife’s operations in Hong Kong, Macau, Indonesia, the Philippines and India. The parents paid for years to have their infants’ cord blood stored, with the understanding that the stem cells they contained