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By Kao Shih-ching / Staff reporterDBS Bank Taiwan （星展台灣） is planning to purchase Citibank Taiwan Ltd’s （花旗台灣） consumer banking business for its net assets plus a premium of NT$19.8 billion （US$711.51 million） in cash, the local unit of Singapore-based DBS Group Holdings Ltd said yesterday.

DBS Bank Taiwan (星展台灣) is planning to purchase Citibank Taiwan Ltd’s (花旗台灣) consumer banking business for its net assets plus a premium of NT$19.8 billion (US$711.51 million) in cash, the local unit of Singapore-based DBS Group Holdings Ltd said yesterday. It would acquire the consumer banking business via a transfer of assets and liabilities, DBS Taiwan general manger Lim Him-chuan (林鑫川) told a news conference in Taipei. With a capital injection of S$2.2 billion (US$1.6 billion) from the parent company, DBS Bank Taiwan would pay Citibank NT$19.8 billion as a premium an...

Seven banks would reduce their business hours at 40 branches combined to protect their employees and help limit the spread of COVID-19, the banks said. DBS Bank Taiwan (星展台灣) would adjust operating times at seven branches to 9am to 1:30pm from Monday, closing two hours earlier than normal, it said in a statement. The seven branches are in Taipei or New Taipei City and they would maintain the same services, it said. DBS Taiwan encourages customers to utilize the bank’s app to conduct transactions, investments or pay fees, and it would not charge handling fees for cross-bank transfers ...

April 07, 2021 Instagram/joannepeh and Instagram/jesssseca Put a ring on it [embed]https://www.instagram.com/p/CMjewb0pzWH/?utm_source=ig_web_copy_link[/embed] In a recent appearance on television talk show The Inner Circle, local actress Joanne Peh recounted the details of her engagement to fellow actor and father of her two children, Qi Yuwu. “He flew from Singapore to Kuala Lumpur to visit me at work,” Joanne shared. “When we were outside the hotel room, I noticed that he looked a bit nervous and was behaving differently. He was breathing very hard. “Suddenly, he took out an enormo...