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Taiwan insurer buys 20% of RCBC for P18B

RCBC1

Cathay Life Insurance Co. Ltd., Taiwan’s largest life insurer, is buying a 20-percent stake in Yuchengco-led Rizal Commercial Banking Corp. for P17.92 billion, boosting the local bank’s capital build-up program.

Posted: October 2nd, 2014 in Latest Business Stories | Read More »

Taiwan food imports with ‘gutter oil’ recalled

By
SCREENGRAB from www.fda.gov.ph

The Food and Drug Administration (FDA) has announced that importers and distributors have agreed to pull out from the domestic market food items that were sourced from Taiwanese companies that are believed to have purchased oil products tainted with recycled waste oil or “gutter oil.”

Posted: September 18th, 2014 in Latest Business Stories | Read More »

Philippine food firms try to penetrate Taiwan market

Ten Philippine food exhibitors have booked $13.7 million—or roughly P600 million at the prevailing exchange rate—in sales at a recent food show in Taipei, where the country’s “power fruits” and their derived products grabbed the spotlight to gain international recognition anew.

Posted: July 17th, 2014 in Headlines | Read More »

Taiwan’s tourism revenue hits record high in 2013

Taipei Taiwan

Taiwan’s tourism revenue hit an all-time high of $12.32 billion last year, boosted by a growing number of Chinese visitors, the government said Thursday, as relations between the two continue to improve.

Posted: July 10th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Smuggled garlic seized

By
garlic

Amid the spike in garlic prices, the Bureau of Customs (BOC) on Friday seized around 100 metric tons of garlic smuggled from Hong Kong with an estimated value of P30 million at the Port of Batangas.

Posted: June 21st, 2014 in Latest Business Stories | Read More »

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