Taiwan's ranking in the World Economic Forum's (WEF's) global competitiveness index edged up one notch this year to 12th compared with last year, according to the forum's latest report released Wednesday.

While Taiwan did well in several sub-indicators. For example, it ranked No. 1 for ‘fixed telephone lines per 100 members of the population’, ‘annual inflation’, ‘malaria’s impact on business’, etc., there are "most problematic factors" for doing business in Taiwan, too. These include policy instability, inefficient government bureaucracy and insufficient capacity to innovate, according to the report. Reports Focus Taiwan News Channel.