Critics blast status quo at Taiwan's state-owned banks: authorities strive for competitiveness, but shy away from offering key posts to skilled hands

Article Abstract:

A number of economic and financial analysts are critical of the Taiwanese government's habit of installing senior bureaucrats in state-owned banks, believing that the move stifles the Taiwanese banking industry from realizing its potential in the variety of services offered. Analysts believe that the Taiwan banking industry can profit from new management, since private sector banking executives have more experience and are more likely to develop new products and services. But the prudence of the Taiwanese government in its banking industry help the country in cushioning the effect of the Asian economic crisis, helping the country maintain low overdue loan ratios and high growth in gross domestic product.

DEPOSITORY INSTITUTIONS, Political aspects, Government business enterprises, Public enterprises

---

Economic planners expect to endorse pension reform; moves aim to ease workers' ability to switch jobs as growth rate slows, firms restructure

Article Abstract:

Taiwan's Council for Economic Planning and Development, the country's top economic-planning body, will release the details of a pension-fund reform package on Feb 15, 1999. The move is intended to make life easier for employees at a time of corporate restructuring and amid the economic crisis that Taiwan is experiencing. The reform package, according to some officials, will address the problems of the increasing number of those in the 65-year-old age range, the ability to change jobs without losing pension and the amount of pension to be given by employers.

United States, Government regulation (cont), Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Pension & Benefit Regulation, Laws, regulations and rules, Pensions, Taiwan. Council for Economic Planning and Development

---

Taiwan banks plan flurry of share issues; Chiao Tung joins growing list seeking to raise cash as market surges

Article Abstract:

A growing number of Taiwanese banks are raising capital through new share offerings. Banks are expected to issue about $1.5 billion worth of shares. Prospects for a successful issue have improved given the recent 22% gain of the Taiwan Stock Exchange, reduced interest rates and economic growth. However, analysts say that investor interest in these shares will depend on the profit outlook of banks. The success of these offerings may also be affected by the competition posed by government efforts to raise funds.

Taiwan, Securities issued, listed, Securities, Chiao Tung Bank Ltd.

Similar abstracts:

• Abstracts: Bridge design is a real eye-opener. One of the entries was for a causeway rather than a bridge. Grumbach told to reduce the towers of his 'living bridge'
• Abstracts: A new assignment rule to improve seed points algorithms for the continuos k-center problem. A continuous location model for siting a non-noxious undesirable facility within a geographical region
• Abstracts: High-dividend issues bypass controls: move may offer investors tidy profit from Malaysia, some analysts say. Seeking monetary direction
• Abstracts: Firms jump on telephony bandwagon to cut phone bills. Telstra is looking to join a global telecom alliance
• Abstracts: Taipei eases listing rules. Taiwan rules cause concern: consumers face few choices in mutual funds

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.