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DBS to increase Taiwan unit's capital size ahead of Citi acquisition

Taipei, May 31 (CNA) Singapore's DBS Bank has secured regulatory approval to raise the capital size of its Taiwanese unit in preparation for its acquisition of the United States-based Citigroup Inc.'s consumer banking business in Taiwan.

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Insurance firms halt some travel policies due to virus

Several local insurance companies have halted sales of overseas travel insurance policies that cover against medical expenses due to sudden illness, in a bid to curb potential losses amid payouts for COVID-19, company data showed.
As a result, people might find it more difficult to purchase insurance policies with coverage of medical expenses for sudden illness, which is required of travelers by some foreign governments, such as in the EU.
Since many insurers only offer travel insurance that compensates for losses in accidents or covers expenses for emergency rescue, travelers, if infected with COVID-19 abroad, would likely have to pay for their

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