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September, 30, 2016

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Taiwan > Business
Central bank governor to step down in 2018
Perng Fai-nan (彭淮南), governor of the Central Bank of the Republic of China, said yesterday that he would step down after his current term, which ends in February 2018.
 
In a sign of stronger economic recovery, economic indicators compiled by the National Development Council (NDC, 國發會) flashed green -- indicating "stability" -- for the second straight month.
 
The Financial Supervisory Commission (FSC, 金管會) announced Thursday that credit card issuing banks were eligible to apply for licensing to provide mobile payment services, including Apple Pay.
 
The average annual remuneration received by employees in Taiwan hit a new high since the compilation of the statistics began in 1997, according to government data released Thursday.
 
The Financial Supervisory Commission (SFC), Taiwan's top financial regulator, said Thursday that it will tighten rules governing the implementation of tender offers after a botched deal proposed by a Japan-based firm to buy a stake in Taiwan's gaming software developer XPEC Entertainment Inc. (樂陞科技).
 
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.076 to close at NT$31.356 as foreign funds continued to flow into the country, dealers said.
 
Falling into a-lion-ment
The Wind Lion Plaza in Kinmen is seen in this photo taken Thursday, Sept. 29. The shopping center will host a farm product expo on Saturday, Oct. 1 to coincide with the "Golden Week" holidays for mainland Chinese tourists.
 
Telecommunications standards development associations from the United States and Taiwan signed a letter of intent Thursday in Taipei to jointly develop standards for technologies in the areas of fifth generation (5G) mobile telecom networks, Internet of Things (IoT) and Intelligent Transport Systems (ITS).
 
Alibaba partnership
John. C.T. Huang. (黃呈琮), director of the Importers and Exporters Association of Taipei, center, and Bryan Fu (傅紀清), General Manager at Alibaba.com Taiwan & Hong Kong, right, pose for a photo after signing a cooperation agreement in Taipei on Thursday, Sept. 29. Huang said that Alibaba will be an essential partner as local exporters explore opportunities abroad.
 
Increased consumer demand helped lift industrial output in August by 7.74 percent from a year ago, the greatest annual increase in more than 12 months, according to a report released Tuesday by the Economics Ministry.
 
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