Taiwan market News

Taiwan Rushes to Prevent China From Cutting Internet, Phones

Buffeted by earthquakes and the potential of conflict with China, Taiwan’s leaders want to accelerate plans to make the island more resilient to communications breakdowns and direct attacks on its digital infrastructure. It could be an impossible task. Audrey Tang, …

U.S. Firms in Taiwan Making Business Continuity Plans Amid Tensions With China

Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise their business continuity plans amid tensions with China, while a growing number reported being impacted by those strains. China, which …

Taiwan’s Financial Services Firms Cut China Exposure by 20% to Record Low

Taiwan’s financial institutions reduced their China exposure to a record low amid economic and political uncertainties, according to its top financial regulator. Total exposure to China at Taiwanese banks, insurers and securities firms have dropped by 20% from a year …

Taiwan’s Watchdog Says Insurers Have Enough Capital to Withstand COVID Claim Surge

Taiwan’s insurance industry has buffered itself against surging COVID claims after raising capital, the head of the island’s market regulator said. The property insurance companies have no problems fulfilling their obligations in paying claims so far, Huang Tien-mu, the chairperson …

Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening. Russia defaulted on its international bonds for the first time …

Train Wreck Kills 50 in Worst Taiwanese Accident in 7 Decades

TAIPEI – Taiwanese rescuers were trying on Monday to retrieve the last body of a passenger from wreckage of a deadly train crash last week, as the government said five of the eight carriages had now been removed. Fifty people …

Update: Taiwan Bridge Collapse Claims 5 Lives with 1 Person Missing

Searchers in Taiwan have recovered five bodies and are looking for one more person missing from three fishing boats that were struck when a bridge collapsed into the water below, authorities said Wednesday. The National Fire Agency said two of …

Bridge in Eastern Taiwan Collapses; Divers Search for Victims

A towering arch bridge over a bay in eastern Taiwan collapsed Tuesday, sending a burning oil tanker truck falling onto boats in the water below. An air force helicopter, fishing vessels and more than 60 military personnel, including divers were …

Taiwan Power Crisis a Growing Concern for Local Industry: Opinion

I was having dinner with a friend in downtown Taipei on Tuesday night when the electricity went off for the second time that day. Workers accidentally shut off the supply of natural gas to a single power generator just a …

Taiwan Power Outages Disrupt Some Semiconductor Manufacturing

A blackout caused by a blunder at Taiwan’s biggest gas-fired plant is the latest challenge to an electricity grid recently pushed to its limit and to President Tsai Ing-wen’s efforts to reshape the island’s power mix. A combination of unusually …