Central News Agency (CNA) Taipei, July 1 -- The Taipei Chamber of Commerce recently completed its 20th board of directors and supervisors election, with Douglas Hsu, Chairman of the Eastern Group, elected as the new chairman. He stated that he will unite the business community and industry representatives in Taipei to make the chamber a communication bridge and help members create new business opportunities amidst AI and global economic changes. The Taipei Chamber of Commerce recently completed its 20th board of directors and supervisors election, with Douglas Hsu, Chairman of the Eastern Group, elected as the new chairman. Taipei Mayor Chiang Wan-an personally oversaw the handover ceremony. Hsu noted that the 20th board of directors and supervisors team includes representatives from finance, shipping, department stores and retail, food, import/export, traditional Chinese medicine, real estate, construction, and various industry associations. Industry representatives joining the team include Chen Sheng-hung, Chairman of Sunshine Bank; Tsai Feng-ming, Chairman of Yang Ming Marine Transport Corp.; Wu Hsin-chang, Executive Vice President of Shin Kong Mitsukoshi Department Stores; Chen Yi-wen, Chairman of the Nanqiao Group; and Tseng Mao-hsiung, Chairman of the Import/Export Association. Hsu pointed out that the Taipei Chamber of Commerce should not only focus on internal Taipei issues but also address the challenges faced by industries nationwide. Key areas that the chamber should actively focus on and communicate with the government about include the construction industry, foreign labor policies, labor shortages, upgrading traditional industries, transformation of the retail and service sectors, adoption of digital technology, and the application of AI. Hsu emphasized that AI and smart applications are unavoidable trends in future business development. AI is not exclusive to the technology industry but will also transform retail, services, finance, shipping, food, exh