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.
Photo: Lee Ching-hui, Taipei Times
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 or payments, DBS consumer banking managing director Seraph Sun (孫可基) said in a statement.
Citibank Taiwan Ltd (花旗台灣) has modified operating times at five branches in the Taipei metropolitan area to 9am to 1:30pm from Monday, it said on its Web site.
Although two Citibank Taiwan employees have been infected with COVID-19, the bank has disinfected its offices and isolated the employees who had contact with the two to maintain normal operations, it said in a statement.
It encourages credit card users to shop online from home, the bank said, adding that credit card spending at e-commerce platforms and drug stores advanced in April from a year earlier.
KGI Bank (凱基銀行) has cut operating hours at 11 branches across Taiwan from yesterday, with eight banks open in the morning only and three in the afternoon only, it said on its Web site.
E.Sun Commercial Bank (玉山銀行) modified operating hours at one branch in New Taipei City’s Tucheng District (土城) to 10am to 2pm from yesterday, it said.
Seven other banks, including Chang Hwa Commercial Bank (彰化銀行), King’s Town Bank (京城銀行) and Taichung Commercial Bank (台中商銀), also announced adjusted branch hours.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with