Standard Chartered’s vision to be the world’s most sustainable and responsible bank includes considerable climate change obligations. The bank’s ambitious targets to reach net-zero emissions in its own operations by 2025 and in its financing by 2050 have sparked a wide array of initiatives impacting stakeholders and operations. “Everyone has a role to play in…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Central Bank raises Taiwan’s GDP forecast The Central Bank announced on June 17 that it would leave current key interest rates unchanged. Its discount rate would remain at the historic low of 1.125%, while the rate on accommodations…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS New measures seek to combat China’s talent poaching China has been targeting Taiwanese semiconductor talent in an effort to fuel its domestic chipmaking capabilities. In response, the Executive Yuan in April formed a task force to establish measures…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS TSMC raises capital expenditures to increase capacity Taiwan Semiconductor Manufacturing Co (TSMC), the world’s leading contract manufacturer, said at a investor conference on April 15 that it would again raise its capital expenditures for 2021 to NT$30 billion,…

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…