Taiwan Cement and 17 other firms have been fined a total of NT$213 million for forming a cartel to fix the price of ready-mix concrete, the Fair Trade Commission (FTC) said Saturday.From as early as November 2018, Taiwan Cement, Goldsun Building Materi…
Read MoreDay: February 18, 2023
COST OF LIVING/Inflation sees Taiwan record steepest real wage decline for 10 years
Real regular wages in Taiwan saw their steepest yearly decline for a decade in 2022, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).Data compiled by the DGBAS showed the average nominal wage in Taiwan’s industrial and…
Read MoreChiayi, Tainan to face water controls from March amid drought
Water pressure in Chiayi and Tainan will be lowered while supplies for certain commercial uses in Tainan will be limited starting March amid concerns over a drought, the Ministry of Economic Affairs (MOEA) said Saturday.The decision was made after Econ…
Read MoreTaiwanese banks’ Chinese yuan deposits hit 9-year low
Local Chinese yuan deposits held by Taiwanese banks hit a nine-year low in January as investors shifted funds to better-earning U.S. dollar accounts, according to the central bank.With rates for greenback accounts on the rise amid an aggressive Federal…
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