Taipei, Nov. 13, 2012 (CENS)--To cope with the implementation of the U.S. Foreign Account Tax Compliance Act (FATCA) next year, the Executive Yuan (the Cabinet) leans to adopt the proposal of the Financial Supervisory Commission (FSC), ...
Tags: FATCA, FSC, adopt proposal
Taipei, Nov. 14, 2012 (CENS)--The Financial Supervisory Commission (FSC) intervened yesterday (Nov. 13) in the plan of Jeffrey Koo Jr., chairman of Chinatrust Charity Foundation, to buy out Next Media Group, citing the principle for the ...
Tags: FSC, plan of Jeffrey Koo Jr, separation, business, industry
Taipei, Nov.19, 2012 (CENS)--The “free-economy exemplary zone” plan has entered the final planning stage. The Council for Economic Planning and Development (CEPD), mastermind of the plan, has reportedly decided to extend the ...
Tags: free economy exemplary zone, CEPD, term employment contract
Taipei, Nov. 16, 2012 (CENS)--Taiwan ranks 16th place worldwide this year in terms of business climate, a major improvement over last year’s 26th place, according to a report publicized by Forbes magazine of the U.S. on Nov. 14. The ...
Tags: Taiwan, business climate worldwide
Taipei, Nov. 16, 2012 (CENS)--Chang Sheng-ford, minister of finance, stated yesterday (Nov. 15) that the four major public funds are now under the jurisdiction of different government agencies and score unsatisfactory returns in outsourcing ...
Tags: Chang Sheng ford, public fund, sovereign fund, finance
Taipei, Nov. 20, 2012 (CENS)--The Insurance Bureau, under the Financial Supervisory Commission (FSC), put forth yesterday (Nov. 19) seven major control measures for investments by insurance firms in realties, effective immediately, which ...
Tags: Insurance Bureau, insurance, FSC, control measure
Taipei, Nov. 20, 2012 (CENS)--SinoPac Financial Holding Co., a private financial holding company in Taiwan, recently opened a bank branch in Kinmen, an offshore island of Taiwan, and a leasing branch in Xiamen, Fujian Province, China. ...
Tags: Sinopac Fhc, cross strait operation, finance, Taiwan
Taipei, Nov. 20, 2012 (CENS)--The number of Taiwanese workers aged 60 and over hit an all-time high of over 610,000 as of the end of September this year, according to the statistics compiled by the Directorate-General of Budget, Accounting ...
Tags: Taiwanese workers, elderly worker
Taipei, Nov. 20, 2012 (CENS)--Taiwan’s domestic banks held deposits of NT$28.05 trillion (US$935 billion) as of the end of August, up 5.8% year on year, with term deposits accounting for NT$12.72 trillion (US$424 billion) or 45%, ...
Tags: domestic bank, Financial Supervisory Commission, deposit
Taipei, Nov. 21, 2012 (CENS)--According to the Council of Labor Affairs (CLA), as of Nov. 15 the number of Taiwan’s enterprises providing unpaid leave to employees increased two more from a month ago to 49, with workers on the ...
Taipei, Nov.21, 2012 (CENS)--AXA S.A, a French insurance group, which planned to set up a base in Taiwan for the third time, has decided to cease investments in Taiwan and transfer NT$2 billion (US$66.67 million) to other Asian countries. ...
Tags: AXA S.A, cease investments in Taiwan, Asian
Taipei, Nov. 21, 2012 (CENS)--The cross-Taiwan Strait financial exchanges will reach a new level, as Shan Fulin, chairman of China Banking Regulatory Commission (CBRC), is set to visit Taiwan by the end of this year. Guo Shuqing, chairman ...
Taipei, Nov. 13, 2012 (CENS)--Taiwan Mobile Corp., Chunghwa Telecom Co., Ltd. and Far EasTone Telecom Co., Ltd. made more-than-expected profits in the first 10 months of the year, with Taiwan Mobile leading industry peers. In the ...
Tags: Chunghwa Telecom Co., Far EasTone Telecom Co., Ltd., mobile, telecom
Taipei, Nov. 13, 2012 (CENS)--Frank Huang yesterday announced his resignation as chairman of PowerChip Semiconductor Corp. (PSC) and Steve R.L. Chen, a former economics minister, will fill the vacancy left by Huang. PSC stated in a press ...
Tags: DRAM chipmaker, Frank Huang, PSC chairman
Taipei, Nov. 13, 2012 (CENS)--Thanks to growing income from auto-insurance policies, non-life insurers in Taiwan expect their premium revenues this year to exceed those of 2011 and to challenge new heights within five years. Non-life ...