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…

Taiwan executive Yuan building

The deadline for completion of the reorganization plan has been extended to the end of this year. Under the original schedule, a plan for extensive restructuring of the government’s executive branch – reducing the number of cabinet-level agencies from 37 to 29 and enhancing efficiency by bringing related functions under the same ministry – was…

Once the domain of small, independent dealers, the secondhand market is being transformed as major auto companies offer “certified pre-owned” cars. By Philip Liu Major automotive companies in Taiwan have been vigorously moving into the used-car market – mainly for sales of their own brands – in an effort to tap the huge business potential…

Besides diesel trucks with lower pollution, locally produced electric buses are making an appearance on the market. By Philip Liu In recent years the major international makers of commercial vehicles, led by Japanese brands, have been scrambling to introduce environmentally friendly models in the Taiwan market. They are seeking to tap the substantial demand arising…