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Taichung has led in over half of the 8 key indicators for company and business registrations for 14 consecutive quarters, showcasing its stable economic growth. “Since Q4 2019, Taichung has published quarterly national rankings of economic indicators from the central government. Among these, 8 key indicators from the Ministry of Economic Affairs (MOEA)—including growth in registered companies, businesses, capital amounts, and growth rates—reflect Taichung’s consistent advancement. Starting with three top rankings in 2019, Taichung has maintained at least four top positions each quarter since Q2 2021. In Q4 2023, the city reached a record seven top rankings, demonstrating its growth potential," said the Economic Development Bureau of the Taichung City Government.

Taichung has become a key hub for foreign investment, with benefits gradually materializing as international corporations continue to set up operations. Notable companies include technology giants Micron, TSMC, and AUO; commercial entities such as MITSUI FUDOSAN, COSTCO, and IHG; and offshore wind power companies like ORSTED and CIP (Copenhagen Infrastructure Partners), which is investing in the Feng Miao Offshore Wind Farm. These investments are sparking growth across related supply chains and fostering robust industrial development. According to the recently released third-quarter data for 2024 from the Ministry of Economic Affairs (MOEA), Taichung ranks first in six key indicators, including the number of businesses and capital growth, compared to the same period last year, leading all six major cities.

Yang Ming Marine Transport Corporation (hereafter “Yang Ming”) is pleased to announce that it has been honored with the 2024 Sustainability Partner Award by Union Pacific Railroad (hereinafter “UP Railroad”). The award was presented at UP Railroad’s headquarters in Omaha, Nebraska, recognizing Yang Ming’s dedication to sustainable business practices. On behalf of Yang Ming, Mr. Wen-Jin Lee, Senior Executive Vice President of Operations at Yang Ming (America) Corp., and Mr. Brian Tzeng, Vice President of Logistics, accepted the award. This award underscores Yang Ming’s efforts and the recognition it has received from its business partners for its commitment to sustainability.

This year, Singapore and Taichung City Government have maintained close contact, engaging in cultural and urban development. Trade Representative Mr. Yip Wei Kiat visited Mayor Lu Shiow-Yen in March, and they thoroughly discussed the Singapore Great Sale and Taichung Shopping Festival. Soon after, Mayor Lu visited Singapore to exchange experiences with city development and received a warm welcome from Singapore government. Mayor Lu extended a special invitation to Mr. Yip to participate in the filming of Taichung Shopping Festival video, and showcased Singaporean cuisine.

Matthieu Baudouin A. Branders, head of the Belgian Office in Taipei, The sole European representative was invited by Taichung Mayor Lu Shiow-Yen to shot a promotional video for attracting more foreign visitors. And Mr.Matthieu Branders joined with Mayor Lu to announce Taichung Shopping Festival starting, he was indeed the best spokespersons.

In March of this year, then-President Tsai Ing-wen awarded the honor of National Chair Professor to Professor Anne Wu of National Chengchi University (NCCU). Professor Wu’s innovative Activity Value Management (AVM) system has garnered significant international recognition, earning four awards from the American Accounting Association (AAA) and making her the first Asian scholar to achieve such an honor. The AVM system analyzes operational data to identify issues and to optimize management processes, thus helping businesses reduce hidden costs and significantly enhance operational efficiency.

Taiwan will host the 37th conference of the Asian Credit Supplementation Institution Confederation (ACSIC) in 2025, the Small and Medium Enterprise Credit Guarantee Fund of Taiwan (TSMEG) has announced.

From Sept. 2 to Sept. 8, Taipei, the capital city of Taiwan will host 2024 "TRENDY TAIPEI—Music X Innovation", the pilot edition of a mega multinational festival, consisting of 13 highlight events related to music and TV entertainment, live music performances, digital marketing and the tech industry. Music performances by more than 100 groups and more than 50 forums and speeches will be held to showcase the city’s cultural pluralism and spirit of innovation.

TECO Electric & Machinery (1504) announced today (13th) that it has signed a strategic cooperation memorandum of understanding (MOU) with Danfoss Taiwan to jointly expand the market in the heavy industry and mining sectors in the Asia-Pacific region. President of TECO, Thomas Fann, stated that in response to the increasing demand for key mineral resources driven by the global energy transition, the strategic combination of TECO’s motors and Danfoss’ inverters will provide mining customers with high-efficiency and energy-saving power solutions. Specifically targeting key countries rich in lithium, copper, and nickel, such as Australia and Indonesia, TECO and Danfoss Taiwan will actively collaborate to enhance operational efficiency and sustainability for our customers in the mining industry . 

Taipei Mayor Chiang Wan-An and Tsai Shi-Ping, Commissioner of the Department of Cultural Affairs, Taipei City Government, attended a press launch at Taipei Music Center (TMC), during which an introductory video of the 2024 TRENDY TAIPEI festival was shown and highlights of the program announced.