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🇹🇼 Taiwan /Economy & Trade

Federal Bank Mother's Day Fair: General Manager Praises Taiwan's Bright Economy

From Liberty Times · (16m ago) Chinese Positive tone

Translated from Chinese, summarized and contextualized by DistantNews.

TLDR

  • Federal Bank held a Mother's Day ESG fun fair in Kaohsiung, emphasizing environmental sustainability, financial education, and family inclusion.
  • Federal Bank General Manager Hsu Wei-wen highlighted Taiwan's strong economic performance, noting its average national income is three times that of China.
  • Kaohsiung is experiencing a boom, driven by major exhibitions and concerts, transforming it into an international city, according to Hsu.

Federal Bank's Mother's Day ESG fun fair in Kaohsiung was more than just a celebration; it was a vibrant showcase of corporate responsibility and a powerful affirmation of Taiwan's economic prowess. General Manager Hsu Wei-wen's address resonated with a sense of national pride, particularly his emphasis on Taiwan's remarkable economic achievements.

Taiwan's economy has achieved brilliant success. Last year, the average national income was 3 times that of China, and especially Kaohsiung, benefiting from the hosting of large exhibitions and concerts, has become an international city!

— Hsu Wei-wenGeneral Manager of Federal Bank, speaking at the Mother's Day ESG fun fair.

Hsu pointed to Taiwan's first-quarter economic growth rate of 13.7%, a figure so impressive it even surprised The Economist. He further highlighted that Taiwan's average national income of $42,000 last year significantly outpaced South Korea, Japan, and especially China, whose average income stands at a mere $14,000. This stark comparison underscores Taiwan's remarkable economic standing on the global stage and serves as a testament to the hard work and innovation of its people.

Taiwan's first-quarter economic growth rate reached 13.7%, which even The Economist magazine found incredible.

— Hsu Wei-wenHighlighting Taiwan's economic performance at the event.

The transformation of Kaohsiung into an international city was another key theme. Hsu noted the difficulty in securing hotel reservations and the packed high-speed rail services, attributing this surge to the city's success in hosting major international exhibitions and concerts. This vibrant atmosphere, he explained, has prompted Federal Bank to expand its presence, including the establishment of a new branch in Kaohsiung, aligning the bank's financial management with the city's burgeoning international profile.

Taiwan's average national income was $42,000 last year, surpassing South Korea, Japan, and China, whose average income is $14,000. This means Taiwan's average national income is 3 times that of China.

— Hsu Wei-wenComparing Taiwan's national income with other countries.

The event itself embodied the ESG (Environmental, Social, and Governance) principles Federal Bank champions. By integrating environmental sustainability, financial education, and family-friendly activities, the bank demonstrated its commitment to a holistic approach to corporate citizenship. The inclusion of various foundations and local organizations, alongside activities like 'book for vegetables' and 'bottle recycling,' further amplified the message of community engagement and social responsibility. The 'water balloon fight' led by Hsu and the 'pamper mom' zone with services like public massage and caricature drawing added a touch of warmth and fun, celebrating mothers and fostering a sense of unity among employees and the community.

Especially Kaohsiung, it's almost impossible to book a hotel on holidays recently. Every high-speed rail to Kaohsiung is full.

— Hsu Wei-wenDescribing the recent surge in tourism and activity in Kaohsiung.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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