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VMware assists First Commercial Bank in pioneering cloud transformation of financial core systems

Mobile banking and other applications for online financial services have become increasingly popular due to the epidemic, hybrid workplaces, and gradual changes in digital consumption habits over recent years. Government-owned banks have faced many new business challenges, such as worker relief loans and the Quintuple Stimulus Vouchers, that can't be supported by traditional IT infrastructures. In addition, emerging financial services require constant updating. As a result, the Financial Supervisory Commission has relaxed regulations on financi...

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Taiwan mulls inclusion of foreigners for NT$6,000 cash rebate | Taiwan News

Government could issue NT$6,000 tax surplus payments by late February | 2023-01-06 12:37:00

Taipei , T-ai-pei , Taiwan , Taiwanese , Su-tseng-chang , Taiwan-news , Premier-su-tseng-chang , New-year , Legislative-yuan , Lunar-new-year , Quintuple-stimulus-vouchers

Taiwan's Quintuple Stimulus Vouchers, bonus vouchers expire Saturday | Taiwan News

Ministries remind those with unused vouchers to spend them quick before they expire | 2022-04-30 11:55:00

Taipei , T-ai-pei , Taiwan , Council-of-agriculture , Tourism-bureau , Taiwan-news , Ministry-of-economic-affair , Ministry-of-culture , Ministry-of-transportation , Council-of-indigenous-people , National-treasury-administration

Retail sales hit all-time March high

Retail sales rose 4.8 percent year-on-year and 8.7 percent month-on-month to NT$342 billion (US$11.67 billion) last month, the sector’s best March performance, amid less stringent COVID-19 restrictions and Mother’s Day sales promotions, the Ministry of Economic Affairs said on Monday.
The growth was also due to strong sales of luxury goods, new smartphone launches and higher fuel prices, the ministry said.
Department store chains generated NT$29.4 billion in sales, up 12.1 percent from a year earlier, while supermarket sales rose 9.7 percent to NT$19 billion, hypermarket sales increased 5 percent to NT$18.6 billion and convenience store sales grew 1.7 percent to NT$30.5

Ministry-of-economic-affairs , Lisa-wang , Economic-affairs , Taipei-main-station , Quintuple-stimulus-vouchers , 台北時報 , The-taipei-times ,

Domestic travel vouchers to expire at end of month

Domestic travel vouchers issued by the Tourism Bureau would expire at the end of this month as planned and the budget for unused vouchers would be used to subsidize travel agencies that organize creative group tours, Minister of Transportation and Communications Wang Kwo-tsai (王國材) said yesterday.
In addition to the Quintuple Stimulus Vouchers that were distributed by the Executive Yuan in October last year, other government agencies issued a total of 13 million secondary vouchers, which were distributed through free draws, to boost growth in different sectors.
The bureau issued 2.4 million domestic travel vouchers, with each voucher having a face

Taipei , T-ai-pei , Taiwan , Chang-shi-chung , Transportation-committee , Sports-administration , Central-epidemic-command-center , Communications-wang , Tourism-bureau , National-development-council , Shelley-shan

Tourism Bureau chides voucher profiteering

People who sell their domestic travel vouchers issued by the Tourism Bureau for profit would be disqualified from the program, the bureau said yesterday.
The agency gave out 2.42 million travel vouchers through free draws on Oct. 12, 19 and 26, and on Nov. 2 to stimulate domestic tourism, which has declined since a level 3 COVID-19 alert was in place from May to July.
The travel vouchers were the most popular supplementary coupons to the Quintuple Stimulus Vouchers, with a face value of NT$1,000.
As of Wednesday, about 2.38 million travel vouchers had been claimed, the bureau said.
However, the distribution

China , Taipei , T-ai-pei , Taiwan , Chinese , Liao-chen-huei , Chang-shi-chung , Transportation-committee , Chinese-nationalist-party , Tourism-bureau , Tourism-development-fund

Shoppers prefer credit cards: report

Most consumers favor credit cards with cash rebates over the government’s Quintuple Stimulus Vouchers as payment during shopping events at department stores, according to a survey released on Wednesday by Money 101 Ltd (理財一零一).
Eighty-seven percent of survey respondents said they used credit cards that offer cash-back incentives or reward points, such as Line points, during shopping events at local department stores, said Money 101, which provides information on financial products.
Thirty-six percent said that they used their Quintuple Stimulus Vouchers for payment — 23 percent used the digital version of the vouchers, while 13 percent preferred the paper version, the report

Kao-shih-ching , Quintuple-stimulus-vouchers , 台北時報 , The-taipei-times ,

Industrial production increases - Taipei Times

Industrial production in Taiwan last month increased 11.25 percent year-on-year — the 21st consecutive month of annual growth — but decreased 2.36 percent month-on-month, the Ministry of Economic Affairs said yesterday.
The ministry uses industrial production to gauge output in the nation’s five main industries: manufacturing, mining and quarrying, electricity and gas supply, water supply and architecture engineering.
Manufacturing, which contributes 90 percent of overall industrial production, increased 17.28 percent year-on-year last month, rising for the 21st consecutive month, the ministry said.
“We did see a monthly dip in industrial production last month, likely due to supply chain disruptions and an ongoing parts

Taipei , T-ai-pei , Taiwan , Dachran-wu , Huang-wei-jie , National-central-university , Department-of-statistics-deputy , Taipei-times , Ministry-of-economic-affairs , Angelica-oung , Economic-affairs , Wang-han-ping

Vouchers boost sentiment - Taipei Times

People’s willingness to make big-ticket purchases hit a new high this month on the back of the distribution of Quintuple Stimulus Vouchers, Cathay Financial Holding Co (國泰金控) said in a survey yesterday.
Forty-one percent of 22,642 respondents in a poll conducted from Nov. 1 to 7 said that they plan to make a large purchase over the next six months, up from 38 percent a month earlier, the company said.
In addition to the voucher program, slowing infections of COVID-19 in Taiwan and business optimism also boosted consumer sentiment, it said.
About 48 percent of respondents said Taiwan’s economy is better than six

Taipei , T-ai-pei , Taiwan , Zhongxiao , Kao-hsiung , Tu-ying-ju , Cathay-financial-holding-co , Eastern-sogo-department , Taipei-times , Kao-shih-ching , Quintuple-stimulus-vouchers

Taiwan's Feasttogether revenues back to pre-pandemic levels | Taiwan News

Hospitality conglomerate general manager says stimulus vouchers played a big part | 2021-11-06 10:10:00

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