DPP lawmaker who forgot cash on train may face charge of 'structuring'

TAIPEI (Taiwan News) – Last week on Sept. 3, Democratic Progressive Party (DPP) lawmaker Chen Ming-wen (陳明文) accidentally left NT$3 million (US$95,500) in cash aboard a Taiwan High Speed Railway...

Taiwan opposition demands probe of legislator who forgot millions on train

TAIPEI (Taiwan News) – The opposition Kuomintang (KMT) on Wednesday (September 4) demanded that the Ministry of Justice Investigation Bureau (MJIB) and the Financial Supervisory Commission (FSC)...

Taiwan may withdraw capital from Hong Kong in bank run scenario

TAIPEI (Taiwan News) – Taiwan’s financial sector is prepared for a worst-case scenario if, as expected, Hong Kong experiences a bank run on Friday (Aug. 16) as a result of protestors makin...

Taiwan approves three online banks

TAIPEI (Taiwan News) – The Financial Supervisory Commission (FSC) on Tuesday (July 30) unexpectedly approved all three applications it had received for Web-only banks. Previously, the governm...

Taiwan, France ink fintech agreement

TAIPEI (Taiwan News) – Taiwan and France are forging closer ties, especially in the field of financial technology, after the two sides inked an agreement last week. The accord was signed by t...

Deutsche and BNP Paribas Securities are not withdrawing from Taiwan

TAIPEI (Taiwan News) – Financial Supervisory Commission (FSC) clarifies that Deutsche Securities Asia and BNP Paribas Securities are not withdrawing from Taiwan but just downsizing their branche...

Taiwan's financial sector exposure to US, China tops NT$10 trillion

Exposure of the local financial sector to the United States and China has surpassed the NT$10 trillion level, and the massive international claims on the top two economies have prompted the Financial ...

Taiwan hikes fines for illegal investments from China

TAIPEI (Taiwan News) - NT$25 million (US$810,000) is the new maximum fine for illegal investments from China, following the third reading of an amendment by the Legislative Yuan Tuesday. The hike f...

McDonald's across Taiwan now accept e-payment cards

TAIPEI (Taiwan News) -- McDonald's on Tuesday (April 2) announced that most of its restaurants across Taiwan can now accept the four main electronic payment cards, and EasyCard is offering free la...

Taiwan's bilingual IR Platform kicks off to better serve global investors

TAIPEI (Taiwan News) -- To improve corporate governance and investor relations, Taiwan's financial authorities are demanding that listed companies publish English-language financial reports, annua...

Taiwan's ITRI bans Huawei smartphones from network today

TAIPEI (Taiwan News) -- Taiwan's Industrial Technology Research Institute (ITRI) announced on Monday (Jan. 14) that it would ban smartphones and computers made by China's Huawei Technologies C...

Convenience stores for remitting wages likely in April: FSC head

Taipei, Dec. 28 (CNA) A new channel through which migrant workers can remit their wages directly back to their homes via Taiwanese convenience stores is likely to be launched in April, according to Fi...

Taiwan's JCIC honors 40 financial institutions at 12nd annual awards ceremony

(Taiwan News) - To promote the accuracy and quality of credit information, the Joint Credit Information Center (JCIC) established two awards in 2007 to honor financial institutions with outstanding re...

Taiwan hopes to become fintech hub: Wellington Koo

TAIPEI (Taiwan News) – Wellington Koo (顧立雄), Chairperson of the Financial Supervisory Commission, said he hopes Taiwan can become a financial technology (fintech) experiment and innovation hub, ...

Taiwan convenience stores soon to accept card payments for fines, taxes, utility bills

TAIPEI (Taiwan News) – You could soon be able to pay your taxes, parking fines, power and water bills at convenience stores and supermarkets with credit cards, if the Financial Supervisory Commi...