J&V Energy Technology Co (雲豹能源) on Thursday said that it has secured a NT$6.22 billion (US$223.9 million) syndicated loan to fund an aquavoltaic project in Tainan.
Bank SinoPac (永豐銀行) is the lead manager in the deal, with many other financial institutions, including E.Sun Commercial Bank (玉山銀行) and Mega Bills Finance Co (兆豐票券), also taking part, a company statement said.
The renewable energy firm in March announced that it had purchased a site for the aquavoltaic project a combination fish farm and solar farm in Tainan’s Beimen District (北門). Based on its planned installed capacity of 123 megawatts (MW), it
Yuan deposits held by local banks last month declined by a fractional 0.14 percent to 237.51 billion yuan (US$36.94 billion), the lowest since December last year, as corporate and retail accounts cut holdings, the central bank said yesterday.
The drop of 332 million yuan marked the second straight month of declines, even though the yuan increased in value against the US dollar over the period, the central bank said.
Yuan deposits held at domestic banking units fell 0.3 percent to 207.33 billion yuan, but edged up 0.97 percent to 30.17 billion yuan at offshore banking units, it said.
Demand deposits declined, while time
DUBAI, UAE, Oct. 12, 2021 /PRNewswire/ Apical Group, a leading agri-business processor of palm oil and member of the RGE group of companies, has secured a US$750 million sustainability-linked
Cathay Financial Holding Co (國泰金控), the nation’s largest financial conglomerate by assets, yesterday reported a net profit of NT$8.1 billion (US$287.72 million) for last month, up 73 percent year-on-year, bringing its third-quarter profit to NT$30.7 billion, up 22 percent.
Among its subsidiaries, Cathay Life Insurance Co (國泰人壽) saw its net profit increase 22 percent annually to NT$22.6 billion during the July-to-September period, as it continued to invest despite high volatility in the financial markets amid the COVID-19 pandemic, central banks’ changing monetary policies, China Evergrande Group’s (恆大集團) debt crisis and rising inflationary pressure, it said.
The life insurer expects total cash
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