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Day: February 18, 2023

18 cement firms fined NT$213 million for multiyear price-fixing scheme

February 18, 2023 General

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…

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COST OF LIVING/Inflation sees Taiwan record steepest real wage decline for 10 years

February 18, 2023 General

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…

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Chiayi, Tainan to face water controls from March amid drought

February 18, 2023 General

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…

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Taiwanese banks’ Chinese yuan deposits hit 9-year low

February 18, 2023 General

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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  • National Gymnastics Arena in Baku – wonderful sports complex, Turkish Ambassador says
  • P. LEAGUE+ & T1 LEAGUE/FIBA clears Abbasi to play for Taiwan as homegrown player
  • P. LEAGUE+ & T1 LEAGUE/Dwight Howard scores 37 points in inaugural T1 LEAGUE All-Star Game

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