Taiwan is fourth among 50 countries and territories in the latest Profit Opportunity Recommendation report by U.S.-based Business Environment Risk Intelligence SA.

A smart microgrid was launched May 15 in outlying Penghu County’s Qimei Island as part of government efforts promoting green energy and transforming Taiwan into a low-carbon nation.

Taiwan-grown Oncidium orchids are greenlighted to start first stage preparations for export as cut flowers to New Zealand, according to the Bureau of Animal and Plant Health Inspection and Quarantine.

Taiwan’s exports climbed 16.7 percent year on year to an all-time monthly high of US$29.99 billion in March, buoyed by stronger economic conditions at home and abroad, according to the Ministry of Finance.

Taiwan will join Chile, Malaysia, the Philippines and Thailand in determining the goals and projects for the fourth stage of the Online-to-Offline Initiative at the 46th Small and Medium Enterprises Working Group meeting of the Asia-Pacific Economic Cooperation March 26-28 in Brunei.

Creating a more favorable business climate for small and medium enterprises in Taiwan is one of the government’s top policymaking priorities as it advances industrial development, according to Premier Lai Ching-te.

Taiwan’s manufacturing output increased 5.85 percent year on year to NT$13.34 trillion (US$456.75 billion) in 2017 on the back of such factors as steadily recovering conditions abroad and the introduction of innovative emerging technology applications, according to the Ministry of Economic Affairs March 15.

Technical fabrics and high-tech production are adding momentum to Taiwan’s textiles industry.

Taiwan textile manufacturers embrace innovative technologies and eco-friendly production methods.