Thursday, March 13, 2014
Financial Supervisory Commission Chairman Tseng Ming-chung (曾銘宗) stated that 2 percent of revenues collected from the business tax on financial services will be allocated towards a specialized contingency fund designed to mitigate the impact to Taiwan's banking sector in the event of catastrophic international financial crisis, during a Legislative Yuan session yesterday.
In response to rising consumer prices, Hon Hai Group (鴻海集團) plans to give a raise to its employees in April, the company's vice chairman Dai Cheng-wu (戴正吳) said yesterday.
Tseng Ming-chung (曾銘宗), chairman of the Financial Supervisory Commission (FSC), said Wednesday there are signs that investor funds are moving out of the property market into equity markets.
A series of stickers for the messaging app Line featuring Taiwan's panda cub and a Formosan black bear has proved a hit with subscribers, the Taipei city tourism department said Wednesday.
A Taiwanese online travel information service platform targeting Chinese independent travelers began operations Tuesday.
Taiwan Mobile Co., the country's second-largest mobile provider, launched a promotional event on YouTube Wednesday for three movie shorts sponsored by the carrier in a bid to gain more social awareness about the disadvantaged.
In response to the fast accumulation of yuan deposits in Taiwan, Zhou Xiaochuan (周小川), governor of the People's Bank of China (PBOC) — mainland China's central bank — said recently that the purpose of allowing offshore yuan business is to encourage substantial economic activities, instead of being used as a financial tool only.
Analysts have speculated about a possible delay to the shipment schedule of MediaTek Inc.'s (聯發科) Octa-core chipset coded M6595, likely leading to market loss in mainland China to main rival Qualcomm Incorporated.
Shares in Taiwan closed lower Wednesday as investors took cues from a falling Wall Street overnight amid lingering concerns over political tension in Ukraine, dealers said.
The U.S. dollar rose against the Taiwan dollar Wednesday, gaining NT$0.07 to close at the day's high of NT$30.375 as the local market pulled back on foreign institutional selling to boost demand for the greenback, dealers said.