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June, 29, 2016

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Business > Asia > Taiwan
Controversies continued to broil over the legal definition of the Taiwanese work week on Tuesday, as the government came under fire for alleged backtracking on the current "40-hour week" due to corporate pressure.
 
Strike averted as CAL, union reach accord
Taiwan's largest international carrier China Airlines (CAL, 華航) successfully reached an agreement with its labor union to improve working conditions Tuesday, averting a strike, which union bosses previously sought to stage this Friday.
 
Citibank Taiwan announces launch of its new Citi PremierMiles World Card
As the number of Taiwanese people traveling overseas has been increasing, Citibank Taiwan has launched the new "Citi PremierMiles World Card" to satisfy cardholders' needs for faster mileage accumulation and independent travel.
 
A Taiwanese fishing boat has been detained in the Solomon Islands since April over accusations of illegal shark fin catching, the Ministry of Foreign Affairs (MOFA) said on Tuesday.
 
Shares in Taiwan closed above the 8,500-point mark on Tuesday as the immediate shock of the United Kingdom's decision to leave the European Union and its impact on Asian markets appeared to be fading, dealers said.
 
British withdrawal from the European Union will likely have little direct impact on Taiwan's economy and the government is prepared to handle any potential effects, the Financial Supervisory Commission (FSC, 金管會) said on Tuesday.
 
Taxi protest
A fleet of more than 100 taxis parks outside the Legislative Yuan on Tuesday, June 28, protesting against what they claim is the government giving too much leeway to ride-hailing app service Uber. One of the demonstration coordinators said Uber had been operating in Taiwan for four years, but the Ministry of Transportation and Communications (MOTC) had not taken any action. "The more fines (Uber) is slapped with, the larger it gets," said Shen Hsin-fa (沈新發) vice president of the taxi drivers' association. "It makes no sense."
 
Taxi protest
A fleet of more than 100 taxis parks outside the Legislative Yuan on Tuesday, June 28, protesting against what they claim is the government giving too much leeway to ride-hailing app service Uber. One of the demonstration coordinators said Uber had been operating in Taiwan for four years, but the Ministry of Transportation and Communications (MOTC) had not taken any action. "The more fines (Uber) is slapped with, the larger it gets," said Shen Hsin-fa (沈新發) vice president of the taxi drivers' association. "It makes no sense."
 
Taxi protest
A fleet of more than 100 taxis parks outside the Legislative Yuan on Tuesday, June 28, protesting against what they claim is the government giving too much leeway to ride-hailing app service Uber. One of the demonstration coordinators said Uber had been operating in Taiwan for four years, but the Ministry of Transportation and Communications (MOTC) had not taken any action. "The more fines (Uber) is slapped with, the larger it gets," said Shen Hsin-fa (沈新發) vice president of the taxi drivers' association. "It makes no sense."
 
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.098 to close at NT$32.435 as the impact of the United Kingdom's decision to leave the European Union began to fade, dealers said.
 
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