Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

2019 business climate survey final


Published on

AmCham Taipei released the 2019 Taiwan Business Climate Survey results at a press conference at the AmCham Taipei Lincoln Room on January 23. ➤ Download the complete survey:

Published in: Government & Nonprofit
  • Be the first to comment

  • Be the first to like this

2019 business climate survey final

  1. 1. 2019 TAIWAN BUSINESS CLIMATE SURVEY Leo Seewald Chairman American Chamber of Commerce in Taipei January 23, 2019 1
  2. 2. 500+ member companies 2 tens of thousands of jobs $ billions of investments
  3. 3. How confident are you about Taiwan’s economic growth over the next 12 months? 2019 46% either somewhat or very confident 2018 56% either somewhat or very confident 10 percentage point drop from previous year
  4. 4. The impact of geopolitical factors on this year’s business climate in Taiwan. 4 Current U.S.-China trade dispute U.S. “American First” trade policy Pressure from China over Taiwan 81% large to some extent 73% large to some extent 79% large to some extent
  5. 5. The impact of information security concerns on this year’s business climate. 5 Cyber security threats Intellectual property rights infringements 77% large to some extent 68% large to some extent
  6. 6. How confident are you about Taiwan’s economic growth over the next 3 years? 2019 54% either somewhat or very confident 2018 50% either somewhat or very confident slightly higher than previous year
  7. 7. How confident are you about your company’s prospects for revenue growth? Over next 12 months 80% either somewhat or very confident Over next 3 years 80% either somewhat or very confident Taiwan continues to be a positive environment for multinationals
  8. 8. Opportunities to grow 8
  9. 9. Main business growth opportunity for your company in Taiwan over the next 12 months 9 Products or service innovation 43% Existing market expansion 36%
  10. 10. Product/service innovation More than a third of companies plan to increase the number of fulltime equivalent employees this year 10 nearly 35% Plan to increase 54% Largely unchanged
  11. 11. Product/service innovation Overall, companies are still satisfied with their ability to recruit enough – and sufficiently capable – personnel 11 2019 59% Expressed satisfaction 2018 62% Expressed satisfaction
  12. 12. Product/service innovation Survey-takers continue to show enthusiasm about the quality of Taiwan’s human capital • Execution of assigned tasks • Trustworthiness • Openness to training • Industriousness • Business ethics Top 5 • Creativity/ability to innovate • Ability/willingness to take initiative • Communication skills • English ability • International mindset Bottom 5 Out of 18 characteristics 12
  13. 13. Key Areas of Concern Regulatory Framework, Energy, Labor Policies 13
  14. 14. Regulatory framework: further reforms are needed to meet the needs of a knowledge-based economy. 法規制定:需要進一步改革以滿足知識型經濟的需求。 14
  15. 15. Product/service innovation Are you satisfied with top policymakers’ attention to the needs of businesses in setting relevant policies? 15 nearly 37% Somewhat satisfied nearly 50% Not satisfied
  16. 16. Product/service innovation To what extent do you consider government policies will benefit Taiwan’s economic development? 16 5+2 Innovative Industries Plan nearly 64%Large or some extent nearly 60%Large or some extent Forward-looking Infrastructure Development Plan nearly 45%Large or some extent New Southbound Policy Many companies see value in the government’s signature programs
  17. 17. Product/service innovation Modest improvement in satisfaction of Taiwan’s regulatory environment 2019 2018 New regulations meet economic needs 41% say no 53% say no Rulemaking follows international best practices 44 % say no 54% say no The government gives public comments serious attention and response 41% say no 51% say no Laws and regulations are interpreted consistently 46% say no 52% say no
  18. 18. Quarterly meetings with National Development Council to achieve progress on White Paper issues have been productive. 18 over 70% Very or somewhat effective
  19. 19. Energy: sufficiency of future power supply. 能源政策:在未來保證有足夠的電力供應 19
  20. 20. 20 Companies need greater assurance of the adequacy of future power supplies. 73% Extremely or somewhat concerned Voltage stability 87%Extremely or somewhat concerned 70% Extremely or somewhat concerned Electricity Cost Energy
  21. 21. 21 63% say will impact their decision to expand. The goal of making Taiwan nuclear free by 2025 will impact their company’s decisions to expand.
  22. 22. Labor policies: more flexibility needed 勞動政策:需要更有彈性勞動法規 22
  23. 23. 23 About half of respondents disagreed that current regulations provide sufficient flexibility to meet their company’s needs. 45% disagreed More than half of respondents said labor issues are likely to be a key factor in their companies’ decision on future business expansion. 55% agreed
  24. 24. Why Taiwan? 24
  25. 25. Why Taiwan is seen as an excellent place to live and work 25 1 2 3 4 5 Personal safety Social stability Healthcare system Mass transportation Friendliness toward foreigners Top 5 Reasons:
  26. 26. Why Taiwan is seen as an excellent place to live and work 26 1 2 3 4 5 Areas in need of further improvement: Air quality Education system Diversity & inclusiveness Environmental sanitation Infrastructure
  27. 27. Methodology  We thank the staff at PwC for their support and professionalism in conducting the 2019 Business Climate Survey.  The survey was conducted from November 12 to December 21, 2018.  Based on input from 179 voting members of the Chamber – mainly country heads – for a gratifying response rate of 45.7%. 27
  28. 28. THANK YOU Download Full Report Follow Us On or visit us Facebook: amchamtaipei Twitter: amchamtaipei 28