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Work From Home will Reshape Offices and Cities

The sudden outbreak of COVID-19 in May in Taiwan disturbed the calm that had long prevailed on the island.  The emergence of so many cases shocked Taiwan, which had miraculously evaded a serious outbreak for so many months. While looking forward to containment of the virus once again – which Taiwan accomplished so well previously –...

How Taiwan’s Banking Sector can Make Use of Taiwan’s Advantages

In April, Citigroup announced that it would sell its consumer finance businesses in 13 markets, including Taiwan. In fact, some private banks in Taiwan have surpassed Citibank in the local consumer finance and wealth management businesses. To explore the new blue oceans in banking, future development must lean towards product diversification, finan...

A Global Strategic Transformation in Multinational Banks

Citibank’s withdrawal from the consumer finance business in 13 Asia-Pacific countries is the latest example of a rising localization trend in Asian banking. Major European and American banks, which once found ample low-hanging fruit in these markets, have lost some of their competitive edge. The reasons for this are many, including the ascend...

Finance is an Integral Part of the Pandemic Response

Taiwan was hoping to isolate itself from the global spread of SARS-CoV-2 and its variants until it could fully vaccinate its population. As unfortunate as its current outbreak is, however, having bought itself a year through firewall containment measures, it now has the opportunity to learn from the successes and mistakes of other countries. The d...

Singapore aims for green finance leadership in Asia

Singapore has a knack for positioning itself at the forefront of the financial industry’s evolution in Asia. Over the past decade, the city-state has become the region’s most important wealth management market after Hong Kong as well as Southeast Asia’s fintech hub and a regtech innovation center. Singapore is now moving to take...

The Whole Island Rises or Falls Together

The past two months have been full of challenges for Taiwan. Having existed in a parallel space amidst the global pandemic, this island of respite has suddenly become anxious and restless. The outbreak of the pandemic has caused the loss of precious lives. Moreover, Taiwan, which united to make outstanding achievements against the pandemic, places ...
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