But capturing the possibilities will require a difficult shift in focus from hardware and assembly to software, plus a change in regulatory mindset. Long before there was Facebook, YouTube, or Instagram, Taiwan had an active social network of its own: the PTT bulletin board system (BBS). National Taiwan University student Ethan Tu founded PTT in…

New York regulators’ fining of Mega Bank last year for lax compliance practices was a wake-up call. In a victory for the nation’s regulators, Taiwan in July was removed from a regional list of countries judged to have insufficient money-laundering controls. Taiwan had spent months revising legislation and pushing its financial institutions to crack down…

Exposure declines in China, though it remains an important market for serving Taiwanese SMEs. Taiwan has long suffered from a saturated domestic banking market, prompting its banks to foray abroad for new business opportunities. Under the administration of former President Ma Ying-jeou, banks took advantage of the cross-Strait detente to open numerous branches in China….

As more Taiwanese travel internationally, competition is intensifying in the nation’s aviation market. In particular, carriers are vying for a greater share of long-haul flights to North America and Europe as well as Southeast Asia routes. Amidst these market conditions, China Airlines had added Airbus’s new A350-900 to its fleet. The A350-900 is praised for…

Despite declining visitor numbers, hotel companies are pushing on with expansion plans. Takehiro Masutomo and his family enjoyed their Taiwan sojourn. A Tokyo-based freelance writer, Masutomo has covered cross-Strait relations over the years and traveled to Taiwan previously for both business and leisure. He brought his parents to Taipei for a long weekend in March….