Taiwan's world competitiveness fell one place to No. 14 this year, according to a report released by the World Economic Forum (WEF) yesterday.
Taiwan was ranked No. 8 in the WEF annual rankings in 2005 and fell to No. 13 last year.
The Global Competitiveness Report 2007-2008 ranked the competitiveness of 131 countries and economies based on public data and surveys of 11,000 business leaders worldwide.
Of three sub-indices in the Global Competitiveness Index, Taiwan advanced two spots to No. 19 in "basic requirements," but dropped by three and one position in "efficiency enhancers" and "innovation and sophistication factors" respectively.
In the 12 categories under the three sub-indices, Taiwan attained its highest ranking -- No. 6 -- in "health and primary education" and performed worst in "financial market sophistication," where it was ranked No. 58.
Taiwan's business competitiveness also fell to No. 23 from No. 21 last year, the report said.
The WEF said the top three problems to doing business in Taiwan were policy instability, inefficient government bureaucracy and government instability.
The US regained the top position in the overall ranking this year, followed by Switzerland, Denmark, Sweden and Germany.
South Korea surpassed Taiwan for the first time, leaping to 11th position in the chart from No. 24 last year, the report said. China rose from No. 54 to No. 34.
TV and online retailer Momo.com Inc (富邦媒體) yesterday said it has set up a new logistics subsidiary, Fu Sheng Logistics Co (富昇物流), to oversee the company’s extensive shipping operations. Leveraging Momo’s 23 satellite warehouses and distribution centers nationwide, Fu Sheng will be in charge of executing the retailer’s same-day shipment plan for deliveries in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, Momo said in a press release. Seeking to further shorten its supply chain, the company is to set up another seven satellite warehouses and distribution centers by the end of the year. “Fu Sheng has a fleet of 200 couriers
US-CHINA TENSIONS: The company said that it supplies self-designed chips to the Chinese company and, as such, is not affected by the latest US export restrictions Macronix International Co (旺宏電子) said it does not expect its shipments of memory chips to Huawei Technologies Co (華為) to be affected by the latest US export restrictions on the Chinese tech giant. “As long as the company [Huawei] places orders, we will ship [chips], unless the [Taiwanese] government restricts all Taiwanese companies from shipping” to Huawei, Macronix chairman and chief executive officer Miin Wu (吳敏求) said on Monday in Hsinchu. The US Department of Commerce on Friday took a further step to block chip supplies from non-US companies to Huawei by requiring foreign semiconductor makers to get US government permission before
‘ACCORDING TO PLAN’: A company official said that it has set up production sites worldwide to provide services and that its Wisconsin project was going smoothly Hon Hai Precision Industry Co’s (鴻海精密) smart manufacturing center in Wisconsin would begin trial manufacturing in the middle of this year, the company said yesterday, adding that it plans to build a research institute to develop key technologies to support growth over the next five years. Hon Hai, known internationally as Foxconn Technology Group (富士康科技集團), said in an annual report submitted to the Taiwan Stock Exchange that its planned Foxconn Institute for Research in Science and Technology would conduct research into artificial intelligence, next-generation communications, quantum computing, cybersecurity and nano semiconductors in Taiwan. Hon Hai is to make products at the center
E Ink Holdings Inc (元太科技), the world’s sole supplier of e-paper displays for e-readers and shelf labels, posted its best quarterly net profit for the first quarter in nine years amid increased demand during a traditionally slow season. Net profit soared 80 percent to NT$787 million (US$26.23 million) in the quarter ended March 31, compared with NT$438 million a year earlier. That translated into earnings per share of NT$0.69, up from NT$0.39. E Ink posted lower royalty income of NT$371.23 million last quarter from NT$448.74 million a year earlier, a company financial statement showed. E Ink said that it expects royalty income to