The European Chamber of Commerce Taiwan (ECCT) on Wednesday night called on the government to show greater resolve in building the nation into a regional hub for the development of offshore wind energy.
“Wind energy has the potential to increase energy security, reduce pollution and create a new high-value industry in Taiwan,” Taiwan ECCT chairman Giuseppe Izzo said during an annual dinner with top-ranking government officials and industry representatives.
However, the government must keep a stable, consistent and predictable regulatory framework to boost business confidence in the industry’s sustainability, he said.
Hurdles and bottlenecks that need to be overcome include grid connections, finance, insurance, vessels, infrastructure and talent recruitment, he said.
Localization requirements must be flexible enough to allow time to build facilities, training staff and ramping up production without raising costs, causing delays or compromising safety and quality standards, he said.
Developers should also be allowed to adjust their plans to take advantage of the latest technology when it becomes available, he said.
More could be done to remove discriminatory treatment toward foreign residents in Taiwan, Izzo said.
He cited various benefits, such as transportation discounts for pensioners and disabled people, as well as subsidies for electric vehicles, that have not been extended to foreign residents.
“Foreigners who live, work and pay taxes in Taiwan should be granted the same rights and privileges due Taiwanese,” he said.
On the subject of healthcare, Taiwan’s health insurance system is facing challenges from a low birthrate and rapidly aging society, Izzo said.
The resulting increase in chronic diseases is putting a strain on resources, he said.
He pressed for further investment in disease prevention and adoption of more flexible business models to increase private sector involvement in healthcare.
ECCT reiterated its support for the government’s efforts to turn Taiwan into a bilingual nation by 2030 and the goal to boost English proficiency to enhance the nation’s competitiveness on the world stage.
FIVE NEW FABS: An acquisition of Siltronic would boost GlobalWafers’ market share from 17 to 30 percent, easily surpassing Japanese rival Sumco’s 25 percent GlobalWafers Inc (環球晶圓) yesterday said it is in final talks to acquire Germany-based Siltronic AG in a 3.75 billion euro (US$4.5 billion) deal, which might help it compete with its closest rival Sumco Corp of Japan. The acquisition would be the fifth for GlobalWafers since 2008, as it has grown to become the world’s No. 3 supplier of silicon wafers through such deals. GlobalWafers, which has a 17 percent market share, would see its market position greatly elevated to 30 percent when combined with Siltronic’s 13 percent, according to a presentation Siltronic gave to its investors at a quarterly conference in August. Sumco
With the speed cryptocurrency is emerging as the millennial generation’s alternative asset of choice in India, it is hard to imagine that just two years ago a couple of blockchain pioneers were briefly in police custody. Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old start-up, were arrested in late 2018. No, they had not pulled off a shady initial coin offering. Their “crime” was that they put up a kiosk in a mall in Bangalore where customers could swap bitcoin, ether or ripple for cash or vice versa. That was the whole point of unocoin, their crypto token exchange.
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