Taiwan's central bank fixes interest rate, estimates lower GDP growth

TAIPEI (Taiwan News) — Taiwan's central bank announced on Thursday (June 18) it would maintain the current interest rate while lowering the estimated growth of gross domestic product (GDP), ...

Taiwan's CSD now selling plethora of colorful masks

TAIPEI (Taiwan News) — As the ban on the sale of face masks was lifted on Monday (June 1), Taiwanese mask brand China Surgical Dressings Center Co., Ltd (CSD) announced that it would begin selli...

Taiwan Futures Exchange to launch sustainability indices in 2020

TAIPEI (Taiwan News) — The Taiwan Futures Exchange (TAIFEX) saw nearly 270 million futures contracts traded in 2019, which is above the six-year average of 250 million, and is set to promote sus...

Taiwan-Filipino worker brokerage investigated for illegal currency trading

TAIPEI (Taiwan News) — Taipei's Investigation Bureau searched the offices of the Philippine migrant worker brokerage Hua-gong-han (華公行) on Monday (Jan. 6) due to its alleged involvement in i...

Taiwan’s foreign exchange reserves reach record level in 2019

TAIPEI (Taiwan News) — Taiwan’s foreign exchange reserves reached a total of US$478.12 billion last month, the seventh consecutive monthly record, according to data from the Central Bank. ...

Isuzu to build car factory in Taiwan's Taichung

TAIPEI (Taiwan News) — The Taichung City Government announced on Monday (Jan. 6) that Japanese car manufacturer Isuzu will build its first overseas manufacturing base for eco-friendly commercial...

Taiwan banks to offer fresh cash for Lunar New Year on Jan. 16

TAIPEI (Taiwan News) — As many Taiwanese prepare to stuff red envelopes with crisp, new Taiwan dollar bills on Lunar New Year, Taiwan's central bank announced on Tuesday (Jan. 7) that a bank...

Taiwan stock market opens at 29-year high

TAIPEI (Taiwan News) — Following the boost to U.S. stocks after President Donald Trump tweeted Thursday (Dec. 12) that the U.S. and China are nearing a trade deal, Taiwan's stock market open...

Taipei's Hi-Life ATM provides foreign currency exchange

TAIPEI (Taiwan News) — A Hi-Life convenience store in the Dihua business circle in Taipei has an ATM that can carry out foreign currency exchange services, accepting foreign banknotes such as US...

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...

New Taiwan dollar an unexpected winner of US-China trade war

TAIPEI (Taiwan News) – The New Taiwan dollar appears to have become an unexpected winner of the U.S.-China trade war, according to Bloomberg. Thanks to an influx of foreign capital and invest...

Orsted plans to issue green bonds in Taiwan by yearend

Danish energy developer Orsted said Wednesday that it is working to issue Taiwan dollar-denominated green bonds on the local market by the end of the year. In a statement, the company said it is ne...

TIER touts Taiwan as long-term regional fund-raising hub

Taipei 26 (CNA) Although there is no prospect of Taiwan replacing Hong Kong as the region's main financial hub anytime soon, the Taiwan Institute of Economic Research (TIER) Monday urged the gover...

Taiwan's central bank expected to keep rates steady for 12th straight quarter

The central bank in Taiwan is unlikely to adjust its key interest rates at its quarterly policymaking meeting on Thursday, according to economists. Talking with CNA over the weekend, the economists...

Taiwan's forex reserves drop as central bank intervenes in market

Taipei (CNA) - Taiwan's foreign reserves fell at the end of May for the first time in six months as the central bank entered the market to buy the local currency, which offset its returns from its...