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Prudential has agreed to delay acquisition: Taishin
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FSC mulls option to delay shareholders meetings
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Medigen begins making its vaccine - Taipei Times
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Cathay Life upbeat about recurring yield this year
By Kao Shih-ching / Staff reporter
Cathay Financial Holding Co’s (國泰金控) life insurance arm yesterday gave an upbeat outlook for its recurring yield and hedging costs for this year, while its banking arm aims to achieve high single-digit percentage growth in loans, the company told an investors’ conference yesterday.
The insurer arm, Cathay Life Insurance Co (國泰人壽), reported a recurring yield of 2.79 percent for last quarter, down from 3.11 percent a year earlier, while the ratio of its hedging costs fell from 1.69 percent a year earlier to 1.4 percent last quarter, it said.
Recurring yield is a financial gauge that shows how much the insurance company earns from its investment on a regular basis.
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ãTAIPEI TIMESã More financial companies allow teleworking
A person rides a scooter past a Taipei Fubon Bank branch in Taipeiâs Neihu District on May 9. More financial companies have allowed their employees to work from home to contain the domestic spread of COVID-19, the Financial Supervisory Commission said.
Photo: CNA 2021/05/18 03:00
By Kao Shih-ching / Staff reporter
A total of 124 financial companies have allowed some of their employees to work from home