Numerous companies listed on the Taiwan Stock Exchange and the Taipei Exchange have announced capital reduction plans, which would wipe out NT$57.49 billion (US$2 billion) in capital in just a single quarter, close to the historical high of NT$63.5 billion in capital that was cut in 2018.
Those companies, which earned handsome profits last year and are flush with cash, said the aim is to return unused capital to shareholders. Normally, capital restructurings are considered positive and welcomed by investors, as they could boost a company’s earnings per share (EPS) and return on equity (ROE), without affecting shareholders’ equity.
However, concern has
Lawmakers across party lines are proposing amendments to relax regulations on how city councilors use public funds to hire assistants, in an effort to prevent local council members from corruption and fund misappropriation that leads to self-benefit.
The Regulations on Allowances for Elected Representatives and Subsidies for Village Heads and Wardens (地方民意代表費用支給及村里長事務補助費補助條例) states that city councilors in the six special municipalities can each appoint six to eight assistants, with publicly funded salaries of up to NT$240,000 per month per councilor, and each assistant’s wage capped at NT$80,000.
City and county councilors outside the six special municipalities can appoint two to four assistants
The National Communications Commission (NCC) should propose a draft bill on digital communication to ensure that social media platforms have transparent mechanisms to review online content, legislators and media experts said on Tuesday last week.
The call came after the official YouTube channel of the Golden Horse Award-winning Hong Kong documentary <i>Revolution of Our Times</i> (時代革命), which tells the stories of the Hong Kong protests in 2019 and 2020, was shut down for six hours the day before the film’s premiere on Feb. 25, due to an alleged influx of complaints over its content.
The documentary’s official fan page on Facebook was
The government has not set a timeline for removing restrictions on imports of food from Fukushima and four other Japanese prefectures that were implemented after the 2011 Fukushima Dai-ichi nuclear power plant disaster, Executive Yuan spokesman Lo Ping-cheng (羅秉成) said yesterday.
Lo made the remarks amid rumors that the government would announce an end to the ban after the legislature’s passage of this year’s central government budget later yesterday.
Earlier in the day, Democratic Progressive Party (DPP) Legislator Kuo Kuo-wen (郭國文) said that the government should give Taiwanese a Lunar New Year present by lifting the ban today, which prompted the Chinese
Taipei, Jan. 28 (CNA) The Legislature hastily passed an NT$2.251 trillion central government general budget for 2022 on Friday after cutting NT$27.34 billion from the original spending proposal.