Taiwan banks’ bad loans dropped to $1.86b

NPL ratio remained at 0.16%. Taiwan’s 39 banks’ non-performing loans (NPLs) totalled $1.86b in August, a decrease of $5.2m from the previous month according to the latest statistics by the Financial ... ( read original story ...)

Mega Financial mulling second capital increase

State-run Mega Financial Holding Co (兆豐金控) is reportedly planning a second capital increase for its non-life insurance arm, Chung Kuo Insurance Co (兆豐產險), as losses from claims linked to COVID-19 ... ( read original story ...)

Tax revenue increases 21% on corporate income tax

Corporate income tax revenue swelled 55 percent to NT$163.4 billion last month, as companies generally reported an improvement in business, although the nation’s exports faltered, the ministry said. ( read original story ...)

US lawmaker reaffirms commitment

The Ministry of Finance in July said that Taipei and Washington had inked taxation-related deals, such as a transportation income tax agreement in 1988. However, the two countries have not entered ... ( read original story ...)

Formosan pangolin on loan to zoo in Prague pregnant

The female of a pair of Formosan pangolins borrowed by Prague Zoo from Taipei Zoo earlier this year for a breeding project is pregnant ... seeks to eradicate the invasive species from Taitung City’s ... ( read original story ...)