However, Taiwanese investors — looking to tap into gains from the high-profile IPO by drawing lots for the right to purchase FII shares — would have to be able to meet the same customer verification requirements as their Chinese peers, said Grand Fortune Securities Co Ltd (福邦證券), which handles relations with local retail investors for Hon Hai. In addition, Taiwanese investors must be ready to supply their Taiwanese identification card and their so-called “Taiwan compatriot travel documents” (台胞證). Grand Fortune made the remarks at a briefing in Taipei, but because the presentation was carried out under tight security, several Hon Hai shareholders who did not register during an extraordinary general meeting in January were turned away. Hon Hai chairman Terry Gou (郭台銘) in January promised to assist eligible shareholders who wished to participate in FII’s IPO, but many retail investors said that they were discouraged by the tough process ahead, local Chinese-language media reported yesterday. The investors’ difficulties are made worse by additional limits imposed by cross-strait regulations, including tax and anti-money laundering rules, the reports said.
By Lee Hsin-fang and Jake Chung / Staff reporter, with staff writerThe Executive Yuan yesterday proposed eight policies, dubbed the “Strengthen Taiwan Policies,” to counter the effects of 31 incentives for Taiwanese unveiled by China’s Taiwan Affairs Office. At least 15 items of the eight policies are to be implemented by the Cabinet and its various agencies this year. Measures to prevent corporate secrets from being leaked to China would include amendments to the Trade Secrets Act (營業秘密法) to establish a “retention of corporate secrets” system and punishments for related criminal activity for breaking such laws, it added. It added that it would provide assistance to facilitate strategic alliances between Taiwanese industries and international corporations to further bolster the nation’s edge in the global supply chain. Separately yesterday, Premier William Lai (賴清德) said the Cabinet would refer to China’s new policies — which Beijing has termed “incentives for Taiwan” — as simply “measures” to avoid playing along with China’s rhetoric.
The tour is arranged in the “fly-cruise” model, in which visitors fly to Taiwan before boarding cruise ships to travel around the country, Chen said. While some tour operators have already arranged tours using the model, this is the first time a fly-cruise group is to travel around Taiwan and to some outlying islands on a cruise ship, Chen said. The bureau’s Maritime Affairs Administration Division Director Lai Ping-jung (賴炳榮) said the cruise ship company scouted the route before selling the tour package to customers in the UK. The company also found a Taiwanese travel agency to help arrange the tour, he added. Small European cruise liners similar to Noble Caledonia are also interested in selling the Taiwan tour package to their customers, Lai said, adding that more fly-cruise tour groups from Europe might come if this trip is successful.
Staff writer, with CNAStarting salaries for workers in the construction and real-estate sector averaged NT$32,900 per month last year, the highest among all professions, online 1111 Job Bank (1111人力銀行) reported on Wednesday. The real-estate sector was able to retake the top spot thanks to a recovering housing market, after several years of weak performance, he said. The real-estate and construction sector last year also posted the largest increase of 4.2 percent, or NT$1,300. This was followed by the farm, fisheries and water, and electricity resources sector with nearly a 4 percent increase, and the financial, trust, investment and insurance sector with 3.3 percent. Starting salaries for employees in preschool talent teaching and after-school tutoring were the lowest, with a monthly average of NT$27,964, the survey showed.
By Jake Chung / Staff writer, with CNAA public library in Miaoli County’s remote Sanwan Township (三灣) has topped the Public Library Book Borrowing Charts compiled by the National Central Library for the third consecutive year. The library pays its four employees with the help of the Miaoli County government and the township office, Hsieh said. Sanwan Library periodically borrows foreign-language books from the National Library of Public Information to help migrant workers become a part of the community, she said. “Our dedication has helped the library maintain its annual average borrowing rate per person of 14 books for three consecutive years,” Hsieh said. According to National Central Library data, in second place in terms of its borrowing rate is Hsinchu County’s Baoshan Township (寶山) public library at 7.17 books, followed by the one in Changhua County’s Yuanlin Township (員林) at 5.70 books.
Wild Bird Association of Yilan president Wu Chun-te (吳俊德) said that purple herons are common in northeastern China, North Korea and South Korea and migrate south for the winter. The first recorded sighting of young purple herons in Siapu Township was on Sept. 22, 2012, which confirmed that the birds were nesting and reproducing in the area, Wu said. This year, five pairs of purple herons have been seen building nests in the township, Wu said. Association member Lai Chien-cheng (賴建丞) said that while the herons would eventually migrate northeast again, Yilan is the only known place that they stay and foster their young. The herons were only visitors before, but after discovering an ample food supply in Yilan, “they have stayed, built nests and reproduced,” association volunteer Lin Fang-tse (林芳澤) said, adding that Yilan is the only place where birdwatchers are guaranteed to see purple herons.
By Jason Pan / Staff reporterThe Taipei Bar Association yesterday criticized the nation’s judiciary over its handling of a sexual harassment case involving former Taipei High Administrative Court judge Chen Hung-pin (陳鴻斌) and urged all officials and legal practitioners to improve gender equality in the work environment. It was the first time a Taiwanese court had ordered a judge’s dismissal due to sexual harassment. “Chen’s case shows that our nation’s justice system lacks an understanding of gender equality and disregards cases of discrimination against women in workplace. It has severely undermined the public’s trust in the judiciary,” the association said. The Legislative Yuan encourages any employee that has been sexually harassed to file a complaint, so sexual harassment can be eliminated from the workplace, he said.
The controversial Shenao (深澳) Power Plant in New Taipei City’s Rueifang District (瑞芳) is expected to start operating again in 2025. Once completed, it would be the third operational power plant in the north of Taiwan, along with the city’s Linkou (林口) Power Plant and Keelung’s Hsieh-ho (協和) Power Plant. State-run Taiwan Power Co’s (Taipower) plan to upgrade the plant, which stopped operations in 2007, had passed an environmental impact assessment (EIA) in 2006. Due to changes to the project, Taipower filed an environmental impact analysis report with the Environmental Protection Administration (EPA) in May last year. Asked if the Shenao Power Plant upgrade would be the last coal-fired power plant construction project, he said it was difficult to say, because plants could replace older generators with better units that pollute less.
First, it is important that owners assess their pets’ health condition and temperament to determine whether they are fit to travel. Using Japan as an example, she said that applying for a travel permit for a dog is not as difficult as it might seem. After receiving the permit, owners can fill out the customs forms, which they can download from the AQS Web site. If the pet passes the inspection, it will be issued a veterinarian certificate and a boarding pass. To make the flight more comfortable for pets, owners can place water and old clothes in the crate, which should be big enough for pets to move around in, she said.
Shouting slogans, KMT legislators demanded that the approval of the environmental impact assessment on the Shenao plant be revoked. The DPP has contradicted itself by first saying that it would make efforts to combat air pollution and then passing a review to restart a coal-fired power plant, Lin said. The Shenao Power Plant, built in 1957, first began operations in 1960. Having been shuttered since 2007, the power plant is scheduled to resume operations in 2025 after the upgrade, which is to equip it with ultra-supercritical steam generators, which the EPA expects to cut its emissions by two-thirds. The Executive Yuan would ensure that inspections of emissions at the Shenao plant would be enforced, he added.
Home side England and Ireland in a Grand Slam showdown featuring the teams who have shared the last four Six Nations. Ireland rule undefeated and come to Twickenham attempting to cap their coronation by securing only a third ever Grand Slam, on St Patrick’s Day to boot. Usually, it is England shooting for the Grand Slam, four times just since 2011. In beating France, Italy, Wales and Scotland, Ireland have been efficient at cleaning out the rucks, slowing down opposition ball and drawing penalties. Twickenham, where Ireland have not won since 2010, holds less fear for them than failing to pull off the Grand Slam.
By Jason Pan / Staff reporterPublic prosecutors have initiated an investigation into allegations of physical abuse at two Taichung daycare centers. One baby allegedly sustained bruises and broken bones and one was reportedly rushed to a hospital emergency room. Charges are to be filed against a 57-year-old nanny, surnamed Su (蘇), at the Love Baby Infant Daycare Center (愛堡貝托嬰中心) in Taichung’s Beitun District (北屯), where she allegedly assaulted a child. The doctor and parents suspected that the child had been abused at the daycare center, which advertised quality childcare by trained nannies with government-issued licenses. The proprietor of the daycare center yesterday said there was no video evidence to support the allegation and accused Tsai of threatening the business.
By Jason Pan / Staff reporterTaipei prosecutors on Thursday indicted the owners and staff of two companies that sold columbarium niches on fraud charges, saying they might have cheated victims out of NT$70 million (US$2.4 million). Lin, Chiu and seven of their employees were accused of falsely claiming that they were selling columbarium niches and swindling some customers out of their life savings. Investigators found that representatives of the two companies contacted victims about purchasing one or two columbarium niches as final resting places for their elders in 2013. However, the sales pitch became more vigorous and the representatives convinced their customers to buy more columbarium niches as investments, which could be sold later for a high profit, investigators said. The office in January indicted 41 people in another scam involving columbarium sales.
Chanel put on a spectacular fall/winter fashion show at Paris Fashion Week last week. Singer Jay Chou, his wife Hannah Quinlivan, and singer Jam Hsiao were invited this year, and they got a lot of media exposure. It was Taiwanese label Shiatzy Chen’s 20th appearance in Paris Fashion Week. Established in 1889, Lanvin is the oldest French fashion house still in operation. On the eve of Paris Fashion Week, however, the fashion world was shocked by China’s Fosun International’s acquisition of the label, which has had financial difficulties in recent years.
March 15, 2018 16:09 UTC
By Kuo Chia-erh / Staff reporterChina Steel Chemical Corp’s (CSCC, 中碳) new carbon materials plant in Pingtung County began operations yesterday, with the company eyeing business opportunities in the emerging electric vehicle (EV) market. Once fully operational in the second half of this year, the two new lines would boost its annual capacity from 5,000 tonnes to 7,500 tonnes, CSCC said. CSCC said that it hopes to catch up with global trends, as many countries have pledged to phase out fossil-fuel-powered cars. The company is upbeat about this quarter’s sales outlook, due to higher crude oil prices compared with same period last year, it said. CSCC also expects to benefit from increasing output at Formosa Ha Tinh Steel Corp (台塑河靜鋼鐵), a joint venture between CSC and Formosa Plastics Group (台塑集團), it said.
March 15, 2018 15:56 UTC