Gold is an exceptionally valuable commodity these days. To show that I already my own ‘stash’ in the bank vault, I’m happy to share this picture of our ‘wealth’. In the West, I was used to seeing gold used in jewelery purely as one or even the largest component. When I first came to Taiwan, I was astonished… Read More »
Most Taiwan banks have no plan to levy a “deposits account keeping fee” from customers who have only a small sum of outstanding deposits in their accounts, although some foreign banks have already taken such a move.Some foreign banks, including Standard Chartered Bank and HSBC (Hong Kong and Shanghai Banking), have started charging a monthly fee from clients… Read More »
While America celebrates the 4th of July, Taiwan is celebrating its own July 4th – the first direct (legal) cross-straits flights since 1949. Ma Ying-Jeou’s new government recently announced the easing of cross-straits relations, and has brought in something of a warming of cross-straits ties after years of stalling by the previous Chen and Lee administrations. While it’s… Read More »
Taiwan has always been in an awkward position in its relationship with China. At different times, Taiwan has been the aggressor, the victim, had the upperhand, been at the bottom of the pile… While the actual position of its relationship hasn’t been that important to Taiwan’s political and economic position, in recent years Taiwan’s relationship has vacillated between… Read More »
In the modern world, credit is as essential an ‘asset’ as actual assets are. Without credit, it’s often difficult to buy the luxuries and even necessities of life. We rely on banks to provide the funds for this credit, but now credit is getting tight as banks are looking to shore up the loans on their books. Banks… Read More »
This story caught my eye! Novel ways in which Chinese tea companies can compete with Starbucks, and Coca Cola. I’ve already looked at the tea business in Taiwan, but this video story follows up quite nicely. Enjoy!