Seventy-eight percent of survey respondents in the latest British Business Survey have an optimistic outlook on Taiwan’s economic prospects in the next three years, the Britsh Office Taipei said.
“This latest survey received a total of 76 responses from British business, 59 percent of which operate in the energy and semiconductor sectors. Respondents were positive about Taiwan’s economy (78 percent) and optimistic about the outlook for their business in Taiwan over the next one to three years, a growth in confidence compared to previous years,” the office said in a release on Thursday.
“Respondents have high expectations of opportunities in the energy and net zero sectors (83 percent),” it added, citing British businesses as saying that digital trade and the investment environment are improving and that they generally feel comfortable conducting business in Taiwan.
Photo courtesy of the British Office Taipei
“Fifty percent of the British businesses who responded said that Taiwan’s strengths in advanced technology was the primary reason they invested here, with the semiconductor, energy and advanced engineering sectors ranked top in Taiwan for growth potential and investment opportunities,” the office said.
Meanwhile, the annual British business survey results also noted challenges, including that “respondents think that public administration needs to be more efficient and digitalized,” while energy supply and cross-strait relations are seen as the most pressing policy challenges, especially with regard to investing into Taiwan.”
“Making renewable energy goals, plans and project requirements much clearer is seen as a pressing challenge to net zero [carbon emissions] and energy companies,” the survey results said. It added that “Domestic protectionism in the form of local content and local partnership requirements could be reduced,” while the import processes could be improved to be more in line with international standards.”
Taipei has once again made it to the top 100 in Oxford Economics’ Global Cities Index 2025 report, moving up five places from last year to 60. The annual index, which was published last month, evaluated 1,000 of the most populated metropolises based on five indices — economics, human capital, quality of life, environment and governance. New York maintained its top spot this year, placing first in the economics index thanks to the strength of its vibrant financial industry and economic stability. Taipei ranked 263rd in economics, 44th in human capital, 15th in quality of life, 284th for environment and 75th in governance,
Greenpeace yesterday said that it is to appeal a decision last month by the Taipei High Administrative Court to dismiss its 2021 lawsuit against the Ministry of Economic Affairs over “loose” regulations governing major corporate electricity consumers. The climate-related lawsuit — the first of its kind in Taiwan — sought to require the government to enforce higher green energy thresholds on major corporations to reduce emissions in light of climate change and an uptick in extreme weather. The suit, filed by Greenpeace East Asia, the Environmental Jurists Association and four individual plaintiffs, was dismissed on May 8 following four years of litigation. The
A former officer in China’s People’s Liberation Army (PLA) who witnessed the aftermath of the 1989 Tiananmen Square massacre has warned that Taiwan could face a similar fate if China attempts to unify the country by force. Li Xiaoming (李曉明), who was deployed to Beijing as a junior officer during the crackdown, said Taiwanese people should study the massacre carefully, because it offers a glimpse of what Beijing is willing to do to suppress dissent. “What happened in Tiananmen Square could happen in Taiwan too,” Li told CNA in a May 22 interview, ahead of the massacre’s 36th anniversary. “If Taiwanese students or
The New Taipei City Government would assist relatives of those killed or injured in last month’s car-ramming incident in Sansia District (三峽) to secure compensation, Mayor Hou You-yi (侯友宜) said yesterday, two days after the driver died in a hospital. “The city government will do its best to help the relatives of the car crash incident seek compensation,” Hou said. The mayor also said that the city’s Legal Affairs, Education and Social Welfare departments have established a joint mechanism to “provide coordinated assistance” to victims and their families. Three people were killed and 12 injured when a car plowed into schoolchildren and their
RSS