Foreign Dignitaries Attend National Day Observance of the 2019 National Day – also known as Double Ten because it occurs on October 10 – featured Taiwan’s new immigrant communities and attendance by a large number of foreign dignitaries. More than 6,000 Taiwanese living abroad returned for the celebration, the highest number in three years. A…

Solomon Islands, Kiribati Cut Ties with Taiwan After months of uncertainty regarding whether Taiwan would lose yet another ally to China, the government of the Solomon Islands on September 16 voted to switch diplomatic recognition to the PRC, ending its 36-year formal relationship with Taiwan. Its decision followed statements made by Taiwan’s Ministry of Foreign…

The private certification program helps companies develop core values and policies that benefit all stakeholders. A growing worldwide trend for companies to certify their commitment to sustainability and accountability has also been gaining traction in Taiwan. Within the past three years, 27 Taiwanese companies have received B Corporation (also known as B Corp) certification, more…

Licenses Approved for Three Online-only Banks The Financial Supervisory Commission (FSC) on July 30 approved applications for operating licenses submitted by three online-only banks, despite having previously stated that such authorization would be limited to two banks this year. FSC Chairman Wellington Koo announced that the licenses will be issued to Next Bank, whose majority…