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August, 31, 2016

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Taiwan > Business
Failure to adhere to standards?
This photo shows Formosa Chemicals & Fibre Corporation's (台化公司) plant in Changhua County. The plant's operating license is due to expire on Sept. 28, and the firm has sought to extend the deadline for renewing their license.
 
Unemployment in Taiwan rose 0.1 percentage points in July from a month earlier to 4.02 percent, the highest level in 23 months, according to government figures released Monday.
 
The U.S. dollar rose against the Taiwan dollar Monday, gaining NT$0.202 to close at NT$31.820, the highest level for the greenback in three weeks.
 
A fall in the number of Chinese visitors to Taiwan continued to impose an adverse impact on the country's balance of tourism service payment for the second quarter of this year, according to the central bank.
 
Premier Lin Chuan (林全) ordered the Financial Supervisory Commission (FSC) Sunday to form a task force to probe alleged violations of U.S. anti-money laundering laws by Mega Bank in 2012, saying that the perpetrators must be held responsible.
 
Taiwan-based Hon Hai Precision Industry Co. (鴻海), one of the most important suppliers of Apple Inc., has committed itself to the U.S. consumer electronic giant's initiatives for a clean environment by reducing waste and creating renewable energy.
 
Mercuries Life scores big at insurance awards
Mercuries Life Insurance (MLI) swept the 18th Faith, Hope & Love Awards of Insurance on Tuesday, picking up 15 trophies.
 
Taxi union takes 1st legal action against Uber, files complaint
The Taipei City Professional Drivers' Union (台北市汽車駕駛職業工會) filed a formal complaint Friday against Uber Taiwan for tax evasion -- the union's first legal action against Uber amid controversy over the ridesharing giant's legal status in Taiwan.
 
Orchid Island mulls eco-tax
Two traditional boats of the Yami indigenous community are seen on the shore of Orchid Island, Taitung, in this undated file photo. The Lanyu Township government is considering levying an "ecological donation" of more than NT$200 per head on tourists traveling to the popular destination. The donation will be used to fund cleaning and maritime eco-protection efforts, the township government said.
 
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.208 to close at NT$31.618 as currency traders locked in their gains in the local currency, giving a boost to the U.S. currency, dealers said.
 
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