A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Higher growth forecasts meet concerns of overheating As the first quarter comes to a close, many economic institutions are raising their forecasts for Taiwan’s 2021 economic growth. On March 24, the Yuanta-Polaris Research Institute projected annual GDP growth…

The Financial Supervisory Commission’s new action plan includes goals related to data liberalization, encouraging disruption and innovation, and talent development. Speaking at the Taiwan Capital Market Forum last August, President Tsai Ing-wen disclosed some startlingly ambitious plans to transform Taiwan into an Asian financial hub. “We are going to make Taiwan the number one center…

A proposed acquisition could be a turning point for Taiwan’s overbanked financial services industry. Last December, Fubon Financial Holdings, the second-largest financial services organization in Taiwan, announced that it was pursuing a hostile takeover of Jih Sun Financial Holdings through a public tender offer for at least 50% of the company’s shares. The offer is…

Last December, Taiwan’s Financial Supervisory Commission (FSC) announced the easing of requirements for foreign finance professionals, part of the government’s plans to make Taiwan an Asia-Pacific financial hub. The work experience requirement for senior financial executives applying for the Employment Gold Card – a special work visa that incorporates an alien resident certificate, open work…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Water Shortage Takes Toll on Industries While Taiwan relies on typhoons for 60% of its water usage needs, the absence of these severe weather events this past year has resulted the island’s worst water shortage in over five…