Reported about 1 year ago
As of June 18, 2024, the Labor Insurance Fund exceeded one trillion NT dollars for the first time, indicating a significant financial improvement, while the expenditure on labor pensions continues to increase. Due to the aging population and rising global inflation, the labor pension is adjusted annually based on the Consumer Price Index (CPI). To combat inflation, the Labor Standards Act stipulates that when the cumulative growth rate of the CPI reaches 5%, the pension will be increased. The adjustment, ranging from 5.51% to 7.59%, is the highest on record and is estimated to benefit around 850,000 workers, with the increased pension set to be received for the first time on June 27. By the end of 2023, 1.742 million people were receiving labor pensions, with the average monthly amount being 18,000 NT dollars. In recent years, due to inflation, the Labor Insurance Bureau has made significant adjustments to the retirement pensions of laborers.
Source: YAHOO
Reported about 1 year ago
On June 18, 2024, the IMD World Competitiveness Yearbook was released by the Institute for Management Development (IMD) in Lausanne, Switzerland. Taiwan ranked 8th out of 67 countries, a decline of two places from last year, ending a streak of five years of improvement. The report highlighted a significant drop in economic performance, with Taiwan falling from 20th to 26th place in that category. Despite some areas of improvement in government effectiveness, Taiwan faced challenges including global inflation, interest rate environment, weak export demand, and cautious investment momentum. The overall competitiveness evaluation serves as a comprehensive assessment of Taiwan's economic and social system, urging the government to continue improving policies in response to the findings.
Source: YAHOO
Reported about 1 year ago
Reporter Huang Wan-ting/Taipei Report June 18, 2024, 6:31 pm. The financial crisis of the labor insurance fund has not been resolved, and the DPP legislator Wang Shi-jian criticized the government for 'only providing subsidies without reform' as ostrich behavior. The legislator questioned Minister of Labor, Hsu, saying 'If only subsidies are needed, AI can handle it.' Hsu emphasized that subsidies are only one of the reform measures, and the labor insurance fund level has reached a new high recently, breaking the trillion mark in June, ensuring its safety. Prime Minister Su emphasized that Hsu closely monitors the level of the labor insurance fund and that subsidies are just one part of the various reforms. However, Wang was not satisfied, criticizing Hsu for stating on her first day in office that the government will provide yearly subsidies for the labor insurance for the next four years, suggesting this approach implies the neglect of reform and is 'ostrich behavior.' Wang believes that the labor insurance system cannot be 'pay more, receive less,' and suggests taxing the wealthy to ensure social fairness. Hsu reiterated that subsidies are just one reform measure and emphasized the safety and growth of the fund under the Tsai administration. Wang's criticism of Hsu's statements as lacking substance reflects the ongoing debate on the necessity of reforms to address issues of social equity and the sustainability of the labor insurance system.
Source: YAHOO
Reported about 1 year ago
As a result of increased appropriations and investment income in recent years, it is estimated that the bankruptcy deadline for the Labor Insurance Fund may be extended to the next presidential term. The government has appropriated a total of NT$130 billion to the fund this year, bringing its total size to over a trillion NT dollars for the first time. Scholars believe that while President Lai Ching-te may avoid a financial crisis during his term, the underlying structural issues remain unresolved, questioning how long the Fund can survive without real reforms.
Source: YAHOO
Reported about 1 year ago
New Zealand's Reserve Bank expects inflation to keep decreasing due to factors like increasing spare capacity, declining inflation expectations, and the anticipation of lower domestically generated inflation. Chief Economist Paul Conway mentioned the need for a restrictive policy period to ensure inflation returns to the 1-3% target range. Despite a previous forecast of not cutting the Official Cash Rate until the third quarter of next year, economists predict a possible pivot sooner. The struggling economy, with recent contractions, is expected to start showing spare capacity in 2024, leading to lower inflation, supported by recent RBNZ research.
Source: YAHOO
Reported about 1 year ago
In the ESG report optimization meeting held on June 18, 2024, at 6:30 PM, companies are keen on tree planting for carbon sequestration, but currently, only one natural carbon sequestration methodology has been approved, making it challenging to obtain carbon credits. Scholars suggest applying existing international standards directly and adjusting them according to specific circumstances to accelerate implementation, emphasizing the need to start as soon as possible to work towards the 2050 net-zero goal. However, concerns are raised regarding unclear methodologies and issues surrounding who will plant and manage trees on government-owned land allocated for tree planting by corporations.
Source: YAHOO
Reported about 1 year ago
In recent years, companies have been aggressively planting trees in a bid to obtain carbon credits, but the process is not easy. Apart from meeting three criteria, companies also need to apply and implement suitable methodologies to have a chance at obtaining these credits. The Ministry of Environment admits that obtaining carbon credits through tree planting is time-consuming and costly, suggesting that switching to LED bulbs for energy savings may be quicker. However, planting trees can optimize ESG reports, help with carbon sequestration, and forest management, encouraging private enterprises to plant more trees. The Ministry of Environment has been promoting air quality purification zones since 1995, where companies and private groups can participate in maintenance by sponsoring these sites, contributing to achieving concrete actions for ESG goals. Although the process of obtaining carbon credits through tree planting is challenging, it still offers opportunities for companies to sell these credits on carbon trading platforms. Hence, the Ministry continues to promote tree planting among companies.
Source: YAHOO
Reported about 1 year ago
Taiwanese investors are increasingly interested in regular investment plans, with the stock exchange revealing that in May, the amount invested in such plans reached a record high of NT$12.817 billion, surpassing April's NT$12.457 billion. With the US keeping interest rates stable and AI growth trends driving the market, the Taiwanese stock market remains bullish. The top 10 popular actively managed mutual funds in Taiwan have shown impressive returns over the years, with an average return of 229.84% over a 10-year period. While investing for the long term can yield good returns, selecting the right investment target is crucial. Regular investing in stocks, ETFs, and active funds can help investors maintain a balanced portfolio and potentially outperform the market.
Source: YAHOO
Reported about 1 year ago
Chinese drama heartthrob Xu Kai, known for his role as the aloof and strong-willed CEO in 'Word of Honor,' recalls a memorable confession scene with co-star Yang Zi on a sightseeing bus in 'Ancient Love Poetry,' feeling like the whole world was watching, akin to experiencing 'social death.' Xu Kai shares insights on the differences between modern and period dramas and the portrayal of his character's transformation from a dark character to a sunny youth. Co-star Yang Zi praises Xu Kai's wit and humor off-screen, contrasting with his on-screen character, while Xu Kai lauds Yang Zi's positive and dedicated work ethic. The drama 'Ancient Love Poetry' showcases numerous intimate interactions between Xu Kai and Yang Zi.
Source: COM
Reported about 1 year ago
On June 18, 2024, at 6:28 PM in Pingtung, Taiwan, Unit 1 of Nuclear Power Plant No. 3 began the process of decommissioning and reducing operations, set to be decommissioned by the end of July. However, there were concerns about power shortage when a power failure occurred in Neihu, Taipei, yesterday. Despite assurances from government officials, the incident raised concerns about power supply, especially with the shutdown of the nuclear power plant unit approaching. This incident has sparked discussions about the future energy supply in Taiwan.
Source: YAHOO
Reported about 1 year ago
In Taipei's Neihu Science Park on June 18, 2024, a sudden power outage affected 655 households at noon, alarming residents and council members who expressed their concerns regarding the adequacy of power supply, especially with the increasing demand for electricity due to AI supercomputers. This incident coincided with Huang Renxun's worries about Taiwan facing power supply challenges. The Taipei City government urged the national government to prioritize energy policies that balance residential and industrial electricity needs to meet public expectations.
Source: YAHOO
Reported about 1 year ago
Taiwan's Nuclear Power Plant Unit 3 will be decommissioned in July, with gradual power reduction starting now. Despite concerns of power shortage, the government assures no power shortage as it conducts routine tests on the diesel generator and water reservoir power generation. The activation of emergency power sources and power generation from reservoirs are part of normal operations to ensure stable power supply during high-demand periods.
Source: YAHOO
Reported about 1 year ago
Premier Su Tseng-chang stated that the extension process of Nuclear Reactor 3 cannot begin currently, expressing the government's desire to avoid the premise of cross-strait conflict. The potential use of nuclear power as an emergency backup option in case of a war-induced power outage was discussed, with the necessity of passing safety inspections before any decision can be made. Additionally, the government is considering other measures such as developing more green energy sources.
Source: YAHOO
Reported about 1 year ago
美国消费者金融保护局在挑战其新规定限制信用卡延滞费用在8美元时在一项诉讼中遭受司法挫败，一家联邦上诉法院的三名法官认为该案应留在得克萨斯州，而不是转交给华盛顿特区的法官。该裁定是商业和银行团体挑战拜登政府对“垃圾费用”进行打击的关键部分的胜利。争议焦点是一项规定，阻止拥有一百万以上账户的信用卡发卡机构收取超过8美元的延滞费用，除非他们能够证明更高的费用是必要的以支付成本。消费者金融保护局数个月来一直在努力将此案移出位于沃思堡的联邦法院，这一地点已成为挑战民主党总统议程的诉讼人的偏爱之选，其两名活跃法官均是共和党提名的任命者。
Source: YAHOO
Reported about 1 year ago
The Los Angeles Unified School District has approved an all-day ban on cellphones in schools, citing distractions, negative effects on mental health, and hindrance to personal connections among students. The ban, set to take effect in January, aims to address concerns such as smartphone addiction among teens and aims to create an environment where children can focus on learning without unnecessary distractions. Similar measures are being considered in other states like New York and California to regulate smartphone usage during school hours.
Source: YAHOO
Reported about 1 year ago
Influenced by low temperatures in February, the overall production of Golden Diamond Mangoes in Kaohsiung is less than 30% this year, resulting in farmers being hesitant to accept orders and describing this year as the worst in a decade. As a result of the low yield, prices are expected to rise to over 20 NTD per jin, marking a new high in recent years. Farmers express concerns over the reduced fruiting this year and anticipate prices per jin to at least exceed 20 NTD.
Source: YAHOO
Reported about 1 year ago
The Reserve Bank of Australia (RBA) announced its monetary policy statement, keeping the benchmark interest rate frozen at a 12-year high for the fifth consecutive time. Despite this, the RBA warned of risks from ongoing high inflation, hinting at a possible rate hike. Market expectations of a rate cut by the end of the year sharply declined, leading to a rise in the Australian dollar post-decision. The RBA remains cautious about the inflation outlook, with upcoming data potentially influencing further monetary policy tightening in the August meeting. However, the recent economic data sounding the inflation alarm does not mean there is sufficient reason for a rate hike, with markets now seeing a diminished probability of a rate cut before 2021. Renowned economist Shane Oliver suggested the recent risks could lead to a rate hike, especially if second-quarter inflation data unexpectedly rises. This uptrend in inflation, hitting a five-month high in April, has contradicted calls for a rate cut in November by banks like the Commonwealth Bank of Australia and National Australia Bank.
Source: YAHOO
Reported about 1 year ago
Florida medical marijuana patients and advocates are displeased with the Florida Department of Health for sending an email to its patient registry praising Republican Gov. DeSantis for signing the state budget. The email did not mention medical marijuana, leading patients to feel their privacy was violated by using their information to promote the governor's agenda, with concerns about potential unwanted marketing or political messages. Critics view this as an abuse of power and privacy breach, with implications under broad public records laws and potential consequences for patients with medical marijuana cards.
Source: YAHOO
Reported about 1 year ago
美国白宫国家安全沟通顾问柯比和国务院发言人米勒反驳中方指控，称美国没有改变一中政策，将继续敦促台海维持平静。台湾外交部北美司司长王良玉表示，台湾与美国等国一直在讨论如何共同维护台海现状，指责华府企图挑衅北京，但美方称这是虚假无理的。中方学者和前官员表示，华府通过向台湾提供武器等手段企图挑衅北京。
Source: YAHOO
Reported about 1 year ago
Retired Navy Admiral and Kuomintang legislator Chen Yongkang speculated that a Chinese nuclear submarine spotted near Kinmen was likely returning north for routine maintenance. The submarine is typically based in Hainan and patrols the South China Sea. Experts suggest the submarine may have surfaced to avoid underwater obstacles or fishing nets, and its accompanying surface vessels indicate its systems were operational. Analysts believe the submarine's actions were not a threat to Taiwan and were likely due to technical issues, changing seabed terrain, or a show of force rather than intentional provocation.
Source: YAHOO
Reported about 1 year ago
A Chinese PLA Type 094 strategic missile submarine was spotted in the Taiwan Strait, sparking discussions in Taiwan. Many speculated on possible malfunctions, while others believed the shallow waters in the Taiwan Strait would make it easy to destroy the submarine. However, the truth is that the Chinese military is not foolish; their actions are calculated. In peacetime, unconventional actions like floating on the surface can be strategic and not a sign of weakness. Military actions need to be judged differently before and after the outbreak of war. It's crucial for political elites handling national security to make objective judgments based on facts rather than subjective biases to prevent the spread of military illiteracy and misinterpretation of security issues.
Source: YAHOO
Reported about 1 year ago
Guangdong and Fujian provinces in China have been hit by heavy rainfall, causing flooding and landslides that have resulted in 9 deaths and 17 missing persons. Meanwhile, seven provinces in northern China are facing drought conditions due to high temperatures. The China Meteorological Administration has issued warnings for heavy rain in the southern regions, with rainfall expected to exceed 300mm in some areas, doubling compared to previous years. President Xi Jinping has instructed authorities to carry out flood prevention, drought resistance, and disaster relief efforts, focusing on rescuing individuals and minimizing damage.
Source: YAHOO
Reported about 1 year ago
During a visit to President Lai Ching-te, President of the Atlantic Council, Campbell, warned that Taiwan is facing intense geopolitical challenges, with increasing threats from China in the past 18 months. He emphasized the need to deter such actions and highlighted the interconnected security between Taiwan and Ukraine. President Lai stressed the importance of deepening cooperation and promoting democracy, peace, and prosperity globally.
Source: YAHOO
Reported about 1 year ago
The Criminal Investigation Bureau's Investigation Team Leader Chen Liwei explained the case on June 18, 2024. The team received a report from the Taipei Customs Office before the Lunar New Year, identified suspicious parcels disguised as bath salts and body scrub from Germany, and discovered 8.61 kilograms of Class III drugs methamphetamine inside. Leading a joint operation, the team arrested Hong Kong member Liu in Taipei receiving a package containing 4.29 kilograms of methamphetamine, and later arrested another suspect receiving 4.32 kilograms of drugs. The investigation unveiled how Liu from Hong Kong, a member of the gang 'He On Lok,' and others operated. Interestingly, Liu, a detainee, expressed his desire to taste Oyster Omelette from Ningxia Night Market in Taiwan, and the police fulfilled his wish before his incarceration.
Source: YAHOO
Reported about 1 year ago
The article discusses how insurance companies are adapting to extreme weather risks, resulting in increased premiums across the country. The rising impact of climate change is reshaping the insurance industry, prompting insurers to reconsider their operations and locations. Investors are advised to consider companies with pricing power and diverse markets to mitigate risks, with specific recommendations made for Arch Capital, and also highlighting Progressive as a growth stock in the sector.
Source: YAHOO