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Confidence in economy weakens - Taipei Times

Confidence in Taiwan’s economy weakened this month amid concerns over the COVID-19 pandemic after a cluster of confirmed cases related to a hospital in Taoyuan was reported, a survey released by Cathay Financial Holding Co (國泰金控) showed on Saturday. The poll, conducted from Feb. 1 to Feb. 7, found that 38.6 percent of respondents said the local economy would improve over the next six months, while 30.3 percent said it would deteriorate. The results translate into an economic optimism index of 8.3 this month, down from 18.8 last month, the survey showed. The index on the economic outlook for the next

Financial titans profits near NT$70bn

Financial titans’ profits near NT$70bn BULL MARKETS: Cathay Financial Holding attributed its strong results to subsidiary Cathay Life Insurance Co, saying that the life insurer’s net income rose 181 percent By Kao Shih-ching / Staff reporter The nation’s 15 financial conglomerates last week reported a combined net profit of NT$69.54 billion (US$2.45 billion) for last month, up 73 percent year-on-year, as companies with life insurance arms benefited from bull stock markets, corporate data showed. Cathay Financial Holding Co (國泰金控), the nation’s largest financial holding firm by assets, posted a record net profit of NT$21.7 billion, beating Fubon Financial Holding Co (富邦金控) to become the most profitable financial holding company, the companies’ data showed.

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