Andrea Fiano: The Taiwanese economy performed remarkably well during the pandemic. How were different sectors affected?
Dr. Yih-Juan Wu, Director General, Central Bank of Taiwan: According to our bank’s forecast, the Taiwanese economy is much better than other major nations this year because we have a strong high-tech sector, whose exports outperform many other neighboring Asian countries. As in other countries, Covid-19 has had a very adverse impact on the services sector because a lot of people cannot travel abroad, and tourists cannot come to Taiwan. As a result, all services had some kind of adverse impact last year. However, our goods exports performed relatively well. Taiwan’s situation is much better than other countries. Our daily life is just like normal. We expect that this year our economic growth will be better than last year. Private consumption, especially, may pick up momentum, and our exports remain relatively strong. And private investment will improve.
2021/01/12 16:04 DBS headquarters in Singapore (Wikimedia, Nicolas Lannuzel photo) DBS headquarters in Singapore (Wikimedia, Nicolas Lannuzel photo) TAIPEI (Taiwan News) Singapore-based DBS Bank has chosen Taiwan as the site for its third technology development center after Singapore and India, reports said Tuesday (Jan. 12). The company was planning to recruit at least 30 information technology experts before the second quarter of 2021, CNA reported. Taiwan would become the financial group’s third IT center after its home base of Singapore and the Indian city of Hyderabad. As the pandemic has caused a surge in the use of digital financial services, local talent can join in to create new technologies to provide customers with even more advanced services, DBS Bank Taiwan CEO Lim Him Chuan (林鑫川) said.
DBS Bank opens Fintech R&D center in Taiwan
01/12/2021 05:35 PM
Lim Him Chuan, general manager of DBS Bank (Taiwan). CNA file photo
Taipei, Jan. 12 (CNA) Singapore-based DBS Bank has opened its third financial technology (Fintech) research and development center in the world in Taiwan, company executives announced at a news conference Tuesday.
Lim Him Chuan (林鑫川), general manager of DBS Bank (Taiwan), said the COVID-19 pandemic has increased demand for digital financial services, and his bank decided to set up an R&D center in Taiwan to build a lead over its local rivals in fintech development.
Lim said the bank wants to take advantage of Taiwan s large pool of technology professionals to integrate the bank s financial resources and provide fast and comprehensive services to its clients.