Saturday, August 30, 2014
Labor and employers' representatives arrived at a consensus to raise the monthly minimum wage by NT$735 to reach NT$20,008, while the minimum hourly wages will be raised from NT$115 to NT$120, effective July next year.
Eurozone inflation fell to 0.3 percent in August, raising the dangers of deflation and also pressure on the European Central Bank (ECB) to open up the cash floodgates, data showed on Friday.
President Ma Ying-jeou said yesterday that Taiwan's economy as well as small- and medium-sized enterprises have benefited from the Economic Cooperation Framework Agreement (ECFA).
Tax revenues in the first seven months reached a new high of NT$1.19 trillion, with securities trading tax revenues surging 34.3 percent to hit a three-year high of NT$54.1 billion.
Transfers of non-investment life insurance policies sold in Taiwan became effective Friday in a bid to meet a wide range of different fund needs of insurance policyholders, according the Financial Supervisory Commission (FSC,金融監督管理委員會).
Shares in Taiwan closed lower Friday, extending losses from a session earlier in the wake of losses posted on Wall Street overnight amid renewed geopolitical concerns related to Ukraine, dealers said.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.005 to close at the day's high of NT$29.970 as the greenback recouped its earlier losses on the back of local central bank intervention, dealers said.
Jih Sun International Commercial Bank (日盛國際商銀), the banking arm of Taiwan-based Jih Sun Financial Holding Co. (日盛金控), opened a representative office in Hong Kong Friday, establishing its first overseas foothold.
Google's secretive research laboratory is trying to build a fleet of drones designed to bypass earthbound traffic so packages can be delivered to people more quickly.