Latest CBDC Recommendations From the BIS, IMF, World Bank, US Treasury & Bank of Japan Mirror the Existing Structuring & Functionality of Webtel.mobi’s Fully-Operational TUVs

WM’s TUVs are full Digital Currency and CBDC equivalents Existing Capacities & Functionality of Global Telco Webtel.mobi’s fully-operational TUV Digital Currency + CBDC equivalent mirrors all CBDC Requirements identified by the world’s foremost Macroeconomic & Financial Organizations. Indicates that potential worldwide adoption of the WM TUVs and Global Clearing System by Central Banks and other […]

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Philips’ performance impacted by headwinds; order book strength and improving component supplies expected to deliver growth and profitability improvement from second half of 2022 onwards

July 25, 2022 Highlights Group sales amounted to EUR 4.2 billion, with a 7% comparable sales decline mainly caused by continued supply shortages and prolonged lockdowns in China, on the back of 9% comparable sales growth in Q2 2021 Order book remains strong; comparable order intake increased 1% and includes a 5 percentage-points negative impact […]

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U.S. dollar closes lower on Taipei forex market

The U.S. dollar fell against the Taiwan dollar Monday, shedding NT$0.008 to close at NT$29.908.Turnover totaled US$627 million during the trading session.The greenback opened at NT$29.940, and moved between NT$29.895 and NT$29.960 before the close.Sour…

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Formosa Plastics Group agrees to raise wages by 4.5%

Formosa Plastics Group (FPG), one of the largest conglomerates in Taiwan, said Monday that it will increase its employees’ pay by 4.5 percent, retroactive to July 1, in keeping with a proposal put forward by its workers’ union.Based on FPG’s average re…

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Taiwan shares end down 0.09% in wake of Nasdaq losses

Shares in Taiwan closed down 13.03 points, or 0.09 percent, at 14,936.33 Monday as local large-cap semiconductor stocks suffered in the wake of disappointing overnight results in the United States.The Taiex, the Taiwan Stock Exchange’s weighted index, …

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