Now that Taiwan is on the map for more visitors, its hotel sector is enjoying an unprecedented boom. Taiwan’s hotel sector is thriving, buoyed by the island’s transformation into an up-and-coming destination for Asian travelers. Since 2008, when the Taiwanese government eased restrictions on Chinese visitors, foreign tourist numbers have jumped from 3.8 million to…
The sector netted record profits in 2014 on the back of burgeoning offshore business, especially in China. The crowded Taiwan banking sector is finding room to breathe at last. Rapid expansion of offshore business amid deregulation and improving asset quality helped banks post a record NT$332.8 billion (US$10.7 billion) in profits in 2014, according to…
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…
For years, the regulatory and funding environment in Taiwan was not conducive to fostering new startup enterprises. Many would-be Taiwanese entrepreneurs headed for Silicon Valley or other locations instead. But lately the situation has changed, in part because of government recognition that Taiwan was losing economic opportunities by not doing enough to encourage entrepreneurial initiative….
The rising stars in the Taiwanese startup scene are an eclectic mix of young tech firms, spanning the restaurant, retail, media, and education sectors. The one thing they have in common is a global distribution plan. Roam & Wander Imagine a kid’s tea party – and then make that experience more real with smart toys….
The global craze for the refined French confection sweeps Taiwan’s capital By Matthew Fulco Western desserts have historically been a risky endeavor in Taiwan, where local palates are wary of sweetness in pastries. But in cosmopolitan Taipei, a surge in interest for authentic French desserts paired with afternoon tea is changing the equation. Tea salons…
