Taiwan’s inflationary pressures could ease in the next two quarters as international crude oil, grain and raw material prices show signs of stabilization, while the government said it would offer tariff breaks for cement manufacturers, the National Development Council said yesterday.
The council cited the US Energy Information Administration as saying that Brent oil prices should decline 1.5 percent in the fourth quarter from an average price of US$106.56 a barrel in the first half of this year.
The projection, if realized, would mitigate inflationary pressures on most consumer items, as Taiwan relies heavily on imported oil to drive industrial activity.
The council
Hon Hai Precision Industry Co (鴻海精密) is to put environmental, social and corporate governance (ESG) considerations into each employee’s key performance indicators, Hon Hai chairman Young Liu (劉揚偉) said at a forum for sustainable finance and climate change yesterday.
In addition, the company would earmark 1 percent of its research and development budget to ESG initiatives, Liu said.
Hon Hai’s research and development budget is about NT$200 billion (US$7.2 billion) annually, meaning the ESG budget would be about NT$2 billion per year.
ESG would be an integral part of Hon Hai’s strategy going forward, Liu said, adding that climate change is the most
2020/12/11 15:25 (Pixabay photo) (Pixabay photo) TAIPEI (Taiwan News) The exchange rate for the New Taiwan dollar rose to NT$28.165 against the U.S. dollar at 10 a.m. Friday (Dec. 11), reaching its highest value in 23 years. The value of the country s currency opened at NT$28.30 and remained stable at around NT$28.20 for US$1 before noon, CNA reported. Total turnover amounted to US$814 million. Financial experts pointed out that the local currency has remained strong over the last few closings and that it will likely continue its ascent in the coming weeks, possibly surging past the NT$28 mark. They also expect exporters to continue selling U.S. dollars to avoid greater losses.
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