Answering the Cathay Group’s call for social empowerment, Cathay United Bank chairman Andrew Kuo recently led the bank’s Singapore branch in its first-ever partnership with HUG Community Services, a non-profit social service agency in Singapore, by hosting an intergenerational dining event at a retirement home.
Kuo was accompanied by members of the Singapore branch and representatives from five Taiwanese businesses in Singapore, providing food and comfort to elderly people and demonstrating that kindness and compassion know no borders.
“Cathay United Bank is fully committed to corporate social responsibility [CSR],” Kuo said. “By developing diverse charity action plans that promote the well-being of senior citizens and marginalized communities, we aspire to create an inclusive and equal society for all to live in peace and harmony.”
Photo courtesy of Cathay United Bank
“Working hand in hand with governments, social welfare groups and corporate partners, we hope to leverage our financial impact to establish a resilient social security network, thereby enhancing our charitable impact beyond borders,” he said.
According to the UN’s World Population Ageing report, more than 15 percent of Singapore’s population is over the age of 65. As a rapidly aging nation, establishing age-friendly communities has become increasingly important.
The bank’s Singapore branch teamed up with HUG Community Services, a non-profit charity organization that has long devoted itself to marginalized communities in Singapore, to plan an intergenerational dining event.
“The Singapore branch has consistently followed social and environmental issues,” said Winfield Wong, head of the Singapore branch. “Today’s event marks our first time inviting Taiwanese businesses to participate in a charity event for senior citizens, where we aspire to establish a more inclusive, safe and sustainable society.”
“It is our sincerest hope that today’s event may serve to inspire others to continue this cycle of generosity,” Wong said.
In addition to nearly 40 volunteers from Cathay United Bank, 24 people from Taiwanese businesses in Singapore also volunteered. The event received widespread recognition, with the Taipei Business Association in Singapore, Evergreen Marine (Asia) and Chunghwa Telecom Singapore also participating.
Attendees were given delicious handmade spring rolls and gift bags filled with daily necessities. By offering relief for families in need, Cathay United Bank aims to lead Taiwanese businesses in making a positive impact in the world.
ADVANCED: Previously, Taiwanese chip companies were restricted from building overseas fabs with technology less than two generations behind domestic factories Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp, would no longer be restricted from investing in next-generation 2-nanometer chip production in the US, the Ministry of Economic Affairs said yesterday. However, the ministry added that the world’s biggest contract chipmaker would not be making any reckless decisions, given the weight of its up to US$30 billion investment. To safeguard Taiwan’s chip technology advantages, the government has barred local chipmakers from making chips using more advanced technologies at their overseas factories, in China particularly. Chipmakers were previously only allowed to produce chips using less advanced technologies, specifically
BRAVE NEW WORLD: Nvidia believes that AI would fuel a new industrial revolution and would ‘do whatever we can’ to guide US AI policy, CEO Jensen Huang said Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) on Tuesday said he is ready to meet US president-elect Donald Trump and offer his help to the incoming administration. “I’d be delighted to go see him and congratulate him, and do whatever we can to make this administration succeed,” Huang said in an interview with Bloomberg Television, adding that he has not been invited to visit Trump’s home base at Mar-a-Lago in Florida yet. As head of the world’s most valuable chipmaker, Huang has an opportunity to help steer the administration’s artificial intelligence (AI) policy at a moment of rapid change.
TARIFF SURGE: The strong performance could be attributed to the growing artificial intelligence device market and mass orders ahead of potential US tariffs, analysts said The combined revenue of companies listed on the Taiwan Stock Exchange and the Taipei Exchange for the whole of last year totaled NT$44.66 trillion (US$1.35 trillion), up 12.8 percent year-on-year and hit a record high, data compiled by investment consulting firm CMoney showed on Saturday. The result came after listed firms reported a 23.92 percent annual increase in combined revenue for last month at NT$4.1 trillion, the second-highest for the month of December on record, and posted a 15.63 percent rise in combined revenue for the December quarter at NT$12.25 billion, the highest quarterly figure ever, the data showed. Analysts attributed the
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) quarterly sales topped estimates, reinforcing investor hopes that the torrid pace of artificial intelligence (AI) hardware spending would extend into this year. The go-to chipmaker for Nvidia Corp and Apple Inc reported a 39 percent rise in December-quarter revenue to NT$868.5 billion (US$26.35 billion), based on calculations from monthly disclosures. That compared with an average estimate of NT$854.7 billion. The strong showing from Taiwan’s largest company bolsters expectations that big tech companies from Alphabet Inc to Microsoft Corp would continue to build and upgrade datacenters at a rapid clip to propel AI development. Growth accelerated for