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4 Taiwan bank holding companies donate NT$253 million to COVID relief

TAIPEI (Taiwan News) — Four major Taiwanese bank holding companies have made cash donations totaling NT$253 million (US$9.11 million) to help the country battle COVID-19. Yuanta Financial Hol...

Citibank to exit consumer banking in Taiwan

TAIPEI (Taiwan News) — Citigroup Inc. said Thursday (April 15) that it is planning to exit consumer banking in 13 markets across Eastern Europe and Asia, including Taiwan. As part of its glob...

Taiwan’s Triple Stimulus Vouchers available to APRC holders until Dec. 31, 2020

The Triple Stimulus Vouchers program launched July 15 allows not only Taiwanese citizens but also foreign or Chinese spouses who have resident permits to purchase them, effectively spurring domestic c...

Taiwan First Bank to make all branches bilingual by 2028

TAIPEI (Taiwan News) — Taiwan's First Commercial Bank announced Friday (Sept. 11) that it was aiming to provide Chinese-English bilingual services at all 188 of its national branches by 2028...

Orsted secures NT$25 billion green revolving loan in Taiwan

Orsted, a Danish energy developer, has secured a NT$25 billion (US$806 million) syndicated green revolving loan facility for its offshore wind farm projects off the coast of Changhua County, central T...

Taiwan’s banks offer banknote exchange ahead of Lunar New Year

TAIPEI (Taiwan News) – With the demand for new bank notes increasing as people prepare money to put in red envelopes for the coming Lunar New Year, Taiwan’s state-owned financial instituti...

Causeway Bay Books owner confirms no Taipei store

TAIPEI (Taiwan News) — Former Hong Kong-based Causeway Bay Books manager Lam Wing-kee (林榮基) confirmed Aug. 7 that he will not reopen his bookstore in Taipei after all this year however he has po...

54 managers of 7 Taiwanese banks punished for Ching-Fu loan scandal

TAIPEI (Taiwan News) – Fifty-four managers of seven state banks involved in the Ching-Fu syndicated loan fraud scandal have been punished, according to the Financial Supervisory Commission (FSC)...

App popularizes digital red envelopes in Taiwan

TAIPEI (Taiwan News) — A new feature on the "Taiwan Pay" app (台灣Pay行動付) allows red envelopes to be exchanged electronically. Taiwan Pay is Taiwan’s answer to mobile banking. T...

Taiwan Headline News

Taipei, May 5 -- The lead stories in major Taiwan Chinese language dailies on Friday are as follows: @United Daily News: Incident at nuclear power plant No. 3 to affect supply during summer. @China ...

Taiwan Headline News

Taipei, May 4 -- The lead stories in major Taiwan Chinese language dailies on Thursday are as follows: @United Daily News: Civil servants' pensions to be based on average salary of last 15 years ...

Taiwan wins NT$6.4 billion in legal claims against ex-allies

TAIPEI (Taiwan News) -- A Taiwanese state-run bank has won a legal claim against two African nations for NT$6.4 billion (US$212 million) in unpaid loans, and a suit against a third country is pending,...

Hua Nan Bank given green light to set up branch in Manila

Hua Nan Bank, a major Taiwan-based bank, has received approval from the cental bank of the Philippines to set up a branch in the Southeast Asian country. Hua Nan Bank currently has 13 branches over...