New appointments to Taiwan's Cabinet announced

Updated: May 19, 2020, 14:30 a.m. TAIPEI (Taiwan News) — Taiwanese President Tsai Ing-wen (蔡英文) will start her second and final four-year term on Wednesday (May 20) with most ministers in he...

Taiwan’s new Presidential Office officials announced

TAIPEI (Taiwan News) – The Taiwanese Presidential Office announced the new arrangement for after President Tsai Ing-wen (蔡英文) begins her second and final four-year term on May 20. The former ...

Taiwan announces new Straits Exchange Foundation chairman

TAIPEI (Taiwan News) — As part of the cabinet reshuffle ahead of President Tsai Ing-wen's (蔡英文) inauguration Wednesday (May 20), long-serving diplomat David Lee (李大維) has been appointed as t...

Key ministers to stay in Taiwan's new Cabinet

TAIPEI (Taiwan News) — Premier Su Tseng-chang (蘇貞昌) is leaving the key ministers of interior, transportation, and education in their posts, but the National Security Council will receive a new s...

Masks at Taiwan banks compulsory from April 20

TAIPEI (Taiwan News) — Following the example set by Taiwan's public transportation systems and post offices, banks will start requiring visitors to wear masks Monday (April 20) to protect th...

Stabilization fund ready to shore up equity market: Taiwan Ministry of Finance

Finance Minister Su Jain-rong (蘇建榮) on Friday (March 13) said the National Financial Stabilization Fund is ready to lend support to the local equity market and its committee could meet at anytime if n...

Listed companies in Taiwan required to disclose info in English starting July

TAIPEI (Taiwan News) — Publicly listed and over-the-counter companies in Taiwan will be required to provide relevant company information from July onwards, said the country’s financial reg...

Mobile payment penetration in Taiwan exceeded 60% in 2019

TAIPEI (Taiwan News) — The mobile payment penetration rate in Taiwan reached 62.2 percent in 2019, up more than 10 percent from the previous year, as the country works to create an environment c...

ATM density in Taiwan triple Asian average

TAIPEI (Taiwan News) — There are 157 ATMs for every 100,000 adults in Taiwan, triple that of the average in Asia, the island country’s financial regulator said on Thursday (Jan. 16). As...

Taiwan's JCIC honors institutions for excellent credit information management

TAIPEI (Taiwan News) — To improve the availability, accuracy, and quality of credit information, Taiwan's Joint Credit Information Center (JCIC) has established three awards since 2007 to ho...

All banks in Taiwan to offer services in English by 2030

TAIPEI (Taiwan News) — All banks in Taiwan are set to provide both Chinese and English services by 2030 as part of the country’s bid to become a bilingual nation. Mega International Com...

Taiwan tycoon’s son rejected as chairman of Nan Shan Life Insurance

TAIPEI (Taiwan News) – The 36-year-old son of tycoon Samuel Yin (尹衍樑) was too inexperienced to take the position of chairman at Nan Shan Life Insurance Co., Ltd., the Financial Supervisory Commi...

Taiwan takes three-pronged approach to boost financial competitiveness

TAIPEI (Taiwan News) — Taiwan’s financial regulator unveiled on Thursday (Dec. 12) a three-pronged approach to boost the island nation’s financial competitive edge, as one report ind...

FSC head lists 5 reasons why Taiwan is unlikely to replace Hong Kong as financial hub

TAIPEI (Taiwan News) — Despite the ongoing political turbulence and social unrest in Hong Kong, Taiwan is unlikely to replace the city as a financial hub in the Asia-Pacific region, according to...

Digital-only LINE Bank to open shop in Taiwan next year

TAIPEI (Taiwan News) — LINE Financial Corporation is expected to open its first all-digital bank in Taiwan in the second quarter of 2020, the company announced on Thursday (Nov. 28). LINE Ban...