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August, 29, 2016

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Taiwan
Taiwan's rating by the Asia/Pacific Group on Money Laundering (APG) could be hurt after Mega International Commercial Bank's New York branch was fined for violating anti-money laundering laws in the United States, a Ministry of Justice official said Wednesday.
 
The Ministry of Labor (MOL, 勞動部) announced it will introduce new regulations next month that would permit employees to work more than six consecutive days under specific circumstances.
 
BMW turns 100!
BMW, which is celebrating its centennial this year, is holding an exhibition in Taipei to showcase the carmaker's vision for the next 100 years. The exhibition, themed "The Next 100 Years," showcases 18 car models, including the classic BMW 507 roadster and Isetta, at Taipei's Nangang Exhibition Center.
 
National Taiwan University (NTU) has been fined NT$30,000 for a test paper that contained descriptions deemed to violate the gender equality law, according to the education ministry.
 
Shares in Taiwan closed slightly lower Wednesday after moving in consolidation mode with many investors waiting for more clues about whether and how the U.S. Federal Reserve will adjust its monetary policy, dealers said.
 
Damsel in distress
An inflatable doll floats near a coastguard vessel in waters off Keelung on Wednesday, Aug. 24. Keelung coastguards received a report on Wednesday that a human body was found in the open sea. Crew on board the vessel who were dispatched to check the area found the "victim" to be an inflatable doll.
 > Taipei
 
Three Taiwanese and three Malaysian nationals were arrested in Malaysia on Aug. 19 in a joint drug bust operation by Taiwanese and Malaysian authorities, Taiwan's Investigation Bureau said Wednesday.
 
The Taiwan Stock Exchange Corporation (TWSE) on Wednesday held a ceremony marking the end of a summer program designed to let school teachers better understand the securities market.
 
An apology was issued by the Tainan City Government Tourism Bureau on Wednesday in response to plagiarism accusations over the poster design for the southern city's famed Guanziling Hot Spring Festival.
 > Tainan
 
A tropical depression which formed north of Guam could strengthen into Tropical Storm Namtheun within the next two days, a meteorologist said Wednesday.
 
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