Taiwan

Almost 3,000 Citi employees are now part of DBS Taiwan.

DBS will pay Citi in cash for the net assets plus a premium of S$956m.

This is said to enable global investors to gain exposure on Taiwan stocks.

This aims to help retail investors seek income growth amid low interest rate environment.

Investments is expected to pick up growth from tech firms.

Capital fleeing can re-energise its bland investment market.

They are noted for their improved quality of life, innovation, and sustainability.

The government pushes to ban ICE motorcycles by 2023.

The summit was attended by over 300 CSR leaders.

A total of 64 projects and business leaders across Asia were selected as recipients of Asia Responsible Enterprise Awards (AREA) 2019, which was an increase of 19% from last year.

Export growth is expected to shrink by 3.0% as demand for electronics and private consumption declines.

The surge in chemical material and oil segment revenue boosted the growth.

Some Taiwanese firms with China operations have transferred their manufacturing hubs to Southeast Asia.

E-commerce orders ballooned 46.1% due to higher smartphone use.

Loans to the SME segment accounted for almost a third of total system loans.

This was due to the different timing of the Lunar New Year.