Saturday, November 1, 2014
A Taiwanese politician with close ties with the president was sentenced to 10 years in prison on corruption charges, a court said Friday.
The Consumers' Foundation's (CF, 消基會) Consumer Reports Magazine publisher Chen Chih-yi (陳智義) said that nearly half of the labels on children's clothing sampled by the CF does not comply with the regulations.
The Ministry of Labor (MOL,勞動部) yesterday announced that it has given refunds to 96 percent of dispossessed workers left behind without retirement benefits, severance pay and back wages owed to them following a wave of factory closures by unscrupulous proprietors between 1996 and 1998. Their struggle lasted 17 years.
Taiwan Mobile (台灣大哥大) remained the top earner among local telecom carriers with earnings per share (EPS) of NT$4.45, followed by Chunghwa Telecom (CHT) with NT$3.94 and Far EasTone (FET) with NT$2.90.
Boosted by strong growth in subscriptions, Chunghwa Telecom Co. (CHT,中華電信) recently said it will readily achieve its goal of acquiring 40 percent of the fourth generation (4G) market for 2014.
China Airlines (CAL, 中華航空) on Thursday announced it has again won the annual Enterprises Environmental Protection Award (中華民國企業環保獎), taking home a gold medal.
Shares in Taiwan closed higher Friday as bargain hunters bought into market heavyweights in both the electronics and non-high tech sectors, dealers said.
The local market on Thursday went nearly unchanged at 8,888.07 in the wake of a pullback on Wall Street overnight, while the U.S. dollar gained NT$0.026 to close at NT$30.402 against the New Taiwan dollar .
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.076 to close at the day's high of NT$30.478 after the central bank jumped onto the trading floor to reverse the greenback's earlier losses in a bid to maintain Taiwan's global competitiveness, dealers said.
A recent research report showed that Taiwanese investment in mainland China saw a significant 27-percent drop, concluding that Taiwanese businesses no longer find it easy to gain market share in China.