Jobless rate drops to 3.66%: DGBAS
The jobless rate after seasonal adjustments held steady at 3.75 percent, suggesting a stable market, Chen said. The number of jobless people shrank by 0.52 percent, or 2,000, to 438,000 last month, the agency’s monthly report showed. People with a junior-college education had the lowest unemployment rate at 2.5 percent, followed by those with a junior-high school education at 2.67 percent, it showed. People aged 45 to 64 had the lowest unemployment rate of 2.16 percent, it showed. The nation’s unemployment rate is lower than South Korea’s 5.7 percent, Hong Kong’s 6.5 percent and Germany’s 4.4 percent, but higher than Japan’s 2.8 percent, government data showed.
Source:Taipei Times
February 25, 2021 15:56 UTC
StarLux considering a delay to flights to the US
StarLux considering a delay to flights to the USBy Kao Shih-ching / Staff reporterStarLux Airlines Co (星宇航空) is considering delaying plans to fly from Taiwan to North America and Guam until the end of next year due to uncertainty over border restrictions, the company said yesterday. A StarLux Airlines Co plane is pictured in an undated photograph. Photo courtesy of StarLux Airlines Co“The outlook remains clouded,” Nieh said. If it defers launching the flights to the end of next year, it would not need to reapply to the CAA, Nieh said. The airline might pick three or four destinations to begin flights next year, and another five to six destinations in 2023, Nieh said.
Source:Taipei Times
February 24, 2021 15:56 UTC
Silicon Motion to invest NT$4bn to build new facility
Silicon Motion to invest NT$4bn to build new facilityBy Lisa Wang / Staff reporterSilicon Motion Technology Corp (慧榮科技), the world’s biggest supplier of controllers used in NAND flash memory chips, yesterday said it plans to invest NT$4 billion (US$141.31 million) to build a new headquarters in Hsinchu County’s Jhubei City as chip demand continues to grow. Revenue this year is forecast to increase by 20 to 30 percent to US$650 million to US$700 million, from US$539.52 million last year, which was up 17 percent from 2019, Silicon Motion Technology said in a statement. Silicon Motion Technology Corp president Wallace Kou, left, and company chairman James Chow attend a groundbreaking ceremony for the company’s new headquarters in Hsinchu County’s Jhubei City yesterday. Silicon Motion Technology has a global workforce of 1,350, it said. PC makers are driving strong demand for SSD controllers, while smartphone and IoT device producers are boosting demand for UFS and eMMC mobile storage controllers, he said.
Source:Taipei Times
February 24, 2021 15:56 UTC
NCC nixes military news channel bid
NCC nixes military news channel bidUNANIMOUS DECISION: Golden TV’s application to take over Channel 52 was rejected because it was deemed unfit to fulfill its business plan, the commision saidBy Shelley Shan / Staff reporterThe National Communications Commission (NCC) yesterday rejected Golden TV’s (靖洋傳媒) application to establish a military news channel, saying that its news department would be significantly understaffed. It was the first time that the commission received an application to establish a news channel dedicated to the coverage of military news. The network said in its business plan that it plans to hire only four full-time employees for the channel, which NCC commissioners said would be inadequate to carry out its business plan, NCC Vice Chairman and spokesman Wong Pot-tsung (翁柏宗) said. Photo: Lo Chi, Taipei TimesThe commission said in a statement that the planned channel would cover global military developments and military issues, adding that it planned to produce and broadcast military news programs. “That should be determined through negotiations between cable operators and channels.”
Source:Taipei Times
February 24, 2021 15:56 UTC
High Court finds man guilty in death of rail police officer
High Court finds man guilty in death of rail police officerOVERTURNED: A lower court’s ruling in April last year acquitting the man because of his mental health issues sparked a public outcry at the timeBy Jason Pan / Staff reporterThe High Court yesterday found a man guilty of stabbing and killing a railway police officer last year, overturning an earlier acquittal. The court sentenced the man, surnamed Cheng (鄭), to 17 years in prison, after which he must undergo five years of custodial protection to monitor and treat his mental health issues. Cheng, 55, was found guilty of homicide and of using violence against a public official on duty. On April 30 last year, when the Chiayi District Court acquitted Cheng of murder based on the psychiatric evaluation, there was a public outcry. The judges have lost their senses and reason.”The father died one month after the first ruling from a stomach hemorrhage.
Source:Taipei Times
February 24, 2021 15:56 UTC
Board approves UMC dividend
Board approves UMC dividendBy Lisa Wang / Staff reporterUnited Microelectronics Corp (UMC, 聯電), the world’s No. Based on the plan, UMC would pay NT$19.88 billion (US$702.32 million) in cash dividends to shareholders this year. The payout plan is subject to shareholders’ approval at the company’s annual general meeting on June 8, UMC said. The board approved a plan to raise funds via an issuance of 1.38 billion new common shares. Delta, the nation’s leading power and thermal solutions provider, last year distributed a cash dividend of NT$5 per share to shareholders.
Source:Taipei Times
February 24, 2021 15:56 UTC
COVID-19: Researchers identify four antiviral drug candidates
COVID-19: Researchers identify four antiviral drug candidatesStaff writer, with CNANational Yang Ming Chiao Tung University researchers have identified four antiviral drug candidates that can inhibit SARS-CoV-2, which causes COVID-19, the team leader said on Tuesday. One of the drug candidates — JMY206 — is more than 10 times stronger than remdesivir, the first antiviral drug fully certified for the treatment of COVID-19, said Yang Jinn-moon (楊進木), dean of the university’s College of Biological Science and Technology. It then gathered SARS-related data and screened US Food and Drug Administration-approved drugs and natural products for possible COVID-19 treatment, he said. The most potent of the drugs, JMY206, can inhibit SARS-CoV-2 from entering cells, the team said. The therapeutic benefits of JMY206 have also been proven in animal experiments and it can be a potential oral drug against COVID-19, Yang said.
Source:Taipei Times
February 24, 2021 15:56 UTC
Ambiguity has TPP in a spin: source
Ambiguity has TPP in a spin: sourceBy Chen Yun and William Hetherington / Staff reporter, with staff writerAmbiguity over party values has emerged within the Taiwan People’s Party (TPP), a source said on Monday, adding that Taipei Mayor Ko Wen-je (柯文哲), who is the TPP chairman, would need to reflect on how to strengthen party values for it to stand a chance of success in next year’s local elections. From left, Taipei City Government deputy spokeswoman Huang Ching-ying, Taiwan People’s Party (TPP) Legislator Tsai Pi-ru and TPP Nangang-Neihu Office head Chen You-cheng display Spring Festival couplets outside the office in Taipei on Jan. 17. “Ko’s political discourse has not changed since 2014 and he does not like to take a stance on hotly debated political topics. Ko should leverage his positive track record as Taipei mayor in his potential campaign for president in the 2024 election, Hsieh added. Hsieh denied that there were any internal problems in the TPP, saying that having a diversity of opinions was normal for a political party.
Source:Taipei Times
February 23, 2021 15:56 UTC
New MAC minister eyes end to impasse
Chiu was sworn in to succeed Chen Ming-tong (陳明通), who was named National Security Bureau director-general. Chiu Tai-san, right, accompanied by Minister Without Portfolio Lo Ping-cheng, center, takes over as Mainland Affairs Council minister from his predecessor Chen Ming-tong, left, at the council in Taipei yesterday. 2 post at the MAC from 2004 to 2005 in a previous Democratic Progressive Party administration. Separately yesterday, the Ministry of National Defense held a closed ceremony for the inauguration of new Minister of National Defense Chiu Kuo-cheng (邱國正), who was formerly National Security Bureau director-general. Chiu Kuo-cheng succeeds Yen De-fa (嚴德發), who was handed an advisory role with the National Security Council.
Source:Taipei Times
February 23, 2021 15:56 UTC
I’ll promote parliamentary system, Jaw says
I’ll promote parliamentary system, Jaw saysBy Sherry Hsiao / Staff reporterBroadcasting Corp of China chairman Jaw Shaw-kong (趙少康) yesterday said that if he is elected president, he would push for a parliamentary system of government in his first year in office. He said that he is not the first person in the nation to propose a parliamentary system. Describing the parliamentary system as more inclusive, Jaw said that the “winner-takes-all” approach of the presidential system is unfair. He said he hopes that Tsai would push for the implementation of a parliamentary system, but if she does not, he would promote a parliamentary system in his first year in office should he be elected president. He disclosed his proposal for a parliamentary system yesterday because proposals for constitutional amendments are set to be debated at the Legislative Yuan, Jaw said.
Source:Taipei Times
February 23, 2021 15:56 UTC
CTBC Bank best brand in Taiwan for seventh time
CTBC Bank best brand in Taiwan for seventh timeStaff writerWith a brand value of US$1.382 billion, CTBC Bank (中國信託銀行) was named the most valuable banking brand in Taiwan for the seventh time last year, and the world’s 153rd-most valuable brand, according to a report on the world’s 500 biggest banking brands released by Brand Finance and The Banker magazine. The authors of the report named CTBC Bank the Taiwanese market’s leader. A CTBC Bank branch is pictured in New Taipei City’s Sinjhuang District on Aug. 21, 2017. Despite this, CTBC Bank moved up 21 positions in the ranking, and its brand value continues to increase. With an “A+” credit ranking, CTBC Bank is now Taiwan’s highest-valued banking brand.
Source:Taipei Times
February 23, 2021 15:56 UTC
King’s Town crosses dividend hurdle
King’s Town crosses dividend hurdleTHRESHOLD PASSED: The Tainan-based lender expects to distribute cash dividends of at least NT$1.8 for the next five to 10 years, King’s Town chairman Terence Tai saidBy Kao Shih-ching / Staff reporterKing’s Town Bank (京城銀行) yesterday proposed to distribute a cash dividend of NT$1.8 per share based on last year’s earnings, becoming the nation’s third bank to surpass the regulatory limit of NT$1.5 per share for cash dividends. King’s Town Bank chairman Terence Tai attends an investors’ conference in Taipei yesterday. As the bank’s earnings per share hit a record NT$4.9 last year, the proposed cash dividend of NT$1.8 per share represents a payout ratio of 36.73 percent. “We hope our distribution remains stable and consistent for years,” King’s Town chairman Terence Tai (戴誠志) said. “We expect our cash dividend to stand at at least NT$1.8 for the next five to 10 years.
Source:Taipei Times
February 23, 2021 15:56 UTC
Four-year plan aims to cultivate digital talent
Four-year plan aims to cultivate digital talentStaff writer, with CNAThe National Development Council (NDC) on Monday unveiled a four-year plan focusing on several goals, including nurturing a digital talent pool. Other goals would involve improving the nation’s bilingual education and expanding the efforts to hire international talent, the council said. “It is really not enough to meet the future need for digital talent,” she said. Lin said that it was an indication that the government needs to improve its efforts to cultivate digital talent. She was referring to a plan discussed at a meeting between Vice Premier Shen Jong-chin (沈榮津) and representatives from the semiconductor industry to have the government, academia and industry set up a semiconductor academy.
Source:Taipei Times
February 23, 2021 15:56 UTC
Normal spring weather forecast
Normal spring weather forecastLA NINA WEAKENING: Rainfall in March and May are expected to fall within the normal range, but would be slightly lower than average in April, the CWB saidBy Shelley Shan / Staff reporterRainfall in spring is expected to be normal or less than usual, the Central Weather Bureau (CWB) said yesterday, adding that the average temperatures from next month to May would be normal. A Central Weather Bureau official during a news conference in Taipei yesterday reviews the seasonal weather conditions from December last year to this month. As for the weather in spring, Lu said that atmospheric data collected from the central and east equatorial Pacific show that the La Nina effect is weakening, and the weather is expected to return to normal in summer. “We estimate that rainfall in March and May will be normal, but lower than average ... in April. As for the weather on 228 Peace Memorial Day on Sunday, Weather Forecast Center specialist Wu Wan-hua (伍婉華) said that a northeast monsoon would arrive on Friday and continue to affect the nation until Saturday.
Source:Taipei Times
February 23, 2021 15:56 UTC
Legislators reveal what they do to relieve work stress
Legislators reveal what they do to relieve work stressBy Lin Liang-sheng and Peng Wan-hsin / Staff reportersLawmakers have different ways of relieving stress from work, from paying musical instruments to hiking and arranging flowers. Chinese Nationalist Party (KMT) Legislator Wan Mei-ling (萬美玲) said that playing the piano helped her relax even ahead of last year’s tight legislative elections. Democratic Progressive Party Legislator Lai Hui-yuan demonstrates her flower arranging skills at her office at the Legislative Yuan in Taipei on Feb. 3. Photo: Peng Wan-hsin, Taipei TimesHowever, she said she never gave up and used her first salary to buy a piano in installments. DPP Legislator Lai Hui-yuan (賴惠員) said she has been interested in flower arranging since she was a child, adding that she joined a flower arranging club at university.
Source:Taipei Times
February 22, 2021 15:56 UTC