Rebuffed in its bid to be among the bank’s founders, Taiwan is expected to apply for regular membership. Several hours before the midnight deadline on the evening of March 31, Minister of Finance Chang Sheng-ford sent a fax to the preparatory office for the Asian Infrastructure Investment Bank (AIIB) in Beijing expressing Taiwan’s desire to…

The institute, the only Taiwan-based international organization, contributes to the global fight against malnutrition and poverty. A short distance from the Southern Taiwan Science Park and its cluster of optoelectronics and green-energy companies, an institute quietly engages in vital work in an entirely different sphere. What is now known as “AVRDC – The World Vegetable…

INDUSTRY FOCUS: Financial Sector Smoother Sailing for Taiwan’s Banks offshore The Formosa Bond Market Ignites Promoting the Onshore Mutual Fund Business Taiwan’s Payment Plan Taiwan’s offshore RMB bond market is growing rapidly after investment was opened to domestic insurers.   Taiwan’s Formosa bond market is surging on the back of deregulation measures that have made…

Regulators are tightening the screws on offshore fund managers in an effort to strengthen the asset-management sector at home. Taiwan punches above its weight in the asset-management sector. The island of 23 million people had over US$167 billion assets under management (AUM) at the end of 2014, according to the Taipei-based consultancy Keystone Intelligence. Offshore…

The introduction of mobile and third-party payment platforms is expected to bolster the nation’s burgeoning e-commerce market. Taiwan’s payments industry is getting a needed shakeup with the adoption of contactless technology to facilitate mobile transactions and the passage new legislation to legalize third-party electronic payment services. Those changes will not fundamentally alter the island’s payments…

The proposed approach to regulating meal replacement foods would create some serious problems. Meal replacement formula foods and beverages are used most commonly by dieters looking to shed some weight. The product is intended to be only a partial replacement for conventional meals – not the sole contributor to one’s daily intake. Since the purpose…