TW Biz News｜WK 10/28 - 11/02
Every week, we'll select Taiwan's five business news from the previous week for your review.
〔Focus Taiwan〕Taiwan Q3 GDP growth hits 14.36%, highest in 48 years
Taiwan's economy grew by an estimated 14.36 percent in the third quarter from a year earlier, the highest growth for the same quarter in 48 years, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Friday. The forecast was 2.94 percentage points higher than an August estimate. It also marked the fourth consecutive quarter of double-digit growth. DGBAS specialist Chiang Hsin-yi said stronger-than-expected exports and business investment were key drivers of the robust third-quarter growth.
The Alishan Forest Railway's campaign celebrating the full reopening of the century-old line has won Japan's 2026 Good Design Award, recognizing its use of contemporary design to promote Taiwan's railway heritage. The Alishan Forest Railway and Cultural Heritage Office announced the award on Monday, saying the campaign combined visual design, cultural activities, and commemorative merchandise to present the railway's history to a wider audience, per a press release.
〔CommonWealth Magazine〕Taiwan Forum Unites Healthcare, AI and Architecture to Shape the Future of Healthy Living
More than 200 professionals and representatives from healthcare, technology, architecture and academia gathered at Feng Chia University on October 17 for The Future of Grand Health Forum, a cross-sector event exploring the future of health and well-being. Initiated by the Taiwan Advanced Democracy Association and co-organized with CommonHealth Magazine, the forum examined how brain science, artificial intelligence, robotics and smart community design can come together to improve quality of life for people of all ages.
momo.com's momo Shopping has kicked off its annual Singles' Day (Double 11) campaign. General Manager Gu Yuanhong said steady economic conditions in Taiwan are bolstering consumer confidence, and with e-commerce competition becoming more rational, this year's Double 11 sales are expected to grow by double digits from a year earlier, with full-year revenue and profit both targeted at record highs.
Organizers of the Taiwan International Travel Fair (ITF) hope to attract more than 400,000 visitors this year, with younger travelers increasingly seeking distinctive experiences rather than bargains alone, the organizer's chairwoman said Monday. At a pre-event press conference in Taipei, Taiwan Visitors Association Chairwoman Chien Yu-yen said early-bird ticket sales had risen more than 10 percent from last year, when attendance exceeded 360,000. The fair, celebrating its 40th anniversary, will run Nov. 6-9 at Taipei Nangang Exhibition Center, Hall 1, featuring over 550 exhibitors occupying 1,600 booths representing 123 countries and cities.
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