The board of Taiwan's largest air carrier was reshuffled yesterday by the government foundation that controls the company, leaving only one member from the previous board
The move -- part of the government's plan to improve the state-run airline's flight safety record -- follows last month's announcement by Minister of Transportation and Communications (MOTC, 交通部), Yeh Chu-lan (葉菊蘭), that the government will make flight safety a top priority.
China Aviation Development Foundation (CADF, 中華航空事業發展基金會), China Airlines' (CAL, 中華航空公司) major share holder, announced the list of CAL's new board of directors yesterday, with its chairman Chiang Hung-yi (蔣洪彝) the only survivor from the previous board.
Media and industry concerns have centered on who would take the posts of the new chairman and president of this state-controlled carrier, and whether political factors would determine the nomination of the two key posts. CADF, which owns 71 percent of the state-controlled carrier, has said that the tenure of the 11 board members and one supervisor would be from July 1, 2000 to June 30, 2003.
New board members include Lee Yun-ning (李雲寧), chairman of Far Eastern Air Transport Co (遠東航空公司) in which China Airlines has a stake. Other new board members include Huang Chu-cheng (黃居正), CAL legal affairs manager; Chuang Hsu-fen (莊淑芬), chairman of Ogilvy & Mather (Taiwan); Kao Chih-cheng (高志誠), chairman of I-Mei Foods (義美食品); Lu Chieh-cheng (呂桔誠), vice president of KBC Bank (Belgium) NV Taiwan and Ken H C Chiu (邱晃泉), a partner in the law firm, Kew & Lord.
Industry sources, who asked not to be identified, speculated that Far Eastern Air Transport's Lee may be in the running to replace Chiang as chairman.
Meanwhile, another new board member, Tsong Tsai-yi (宗才怡), a consultant for the Kaohsiung City Government Department of Rapid Transit Systems, (高雄市政府捷運局), is said to be the choice of the MOTC chief to take over the post of president at CAL, according to the source. CAL officials declined to comment on candidate selection for the two positions.
"The election of the new chair and president is scheduled for (tomorrow) at the first meeting of the new board, " said company spokesperson Scott Shih (石炳煌).
The boards of both CADF and CAL will need to implement a long-delayed plan to sell at least 50 percent of the foundation's shares in the carrier.
First announced in October 1998, the share sell-off failed after US investment bank Salomon Smith Barney failed to find a buyer to pay the foundation's asking price.
Greek tourism student Katerina quit within a month of starting work at a five-star hotel in Halkidiki, one of the country’s top destinations, because she said conditions were so dire. Beyond the bad pay, the 22-year-old said that her working and living conditions were “miserable and unacceptable.” Millions holiday in Greece every year, but its vital tourism industry is finding it harder and harder to recruit Greeks to look after them. “I was asked to work in any department of the hotel where there was a need, from service to cleaning,” said Katerina, a tourism and marketing student, who would
i Gasoline and diesel prices at fuel stations are this week to rise NT$0.1 per liter, as tensions in the Middle East pushed crude oil prices higher last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week rose for the third consecutive week due to an escalating conflict between Israel and Iran, as the market is concerned that the situation in the Middle East might affect crude oil supply, CPC and Formosa said in separate statements. Front-month Brent crude oil futures — the international oil benchmark — rose 3.75 percent to settle at US$77.01
RECORD LOW: Global firms’ increased inventories, tariff disputes not yet impacting Taiwan and new graduates not yet entering the market contributed to the decrease Taiwan’s unemployment rate last month dropped to 3.3 percent, the lowest for the month in 25 years, as strong exports and resilient domestic demand boosted hiring across various sectors, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. After seasonal adjustments, the jobless rate eased to 3.34 percent, the best performance in 24 years, suggesting a stable labor market, although a mild increase is expected with the graduation season from this month through August, the statistics agency said. “Potential shocks from tariff disputes between the US and China have yet to affect Taiwan’s job market,” Census Department Deputy Director Tan Wen-ling
UNCERTAINTIES: The world’s biggest chip packager and tester is closely monitoring the US’ tariff policy before making any capacity adjustments, a company official said ASE Technology Holding Inc (日月光投控), the world’s biggest chip packager and tester, yesterday said it is cautiously evaluating new advanced packaging capacity expansion in the US in response to customers’ requests amid uncertainties about the US’ tariff policy. Compared with its semiconductor peers, ASE has been relatively prudent about building new capacity in the US. However, the company is adjusting its global manufacturing footprint expansion after US President Donald Trump announced “reciprocal” tariffs in April, and new import duties targeting semiconductors and other items that are vital to national security. ASE subsidiary Siliconware Precision Industries Co (SPIL, 矽品精密) is participating in Nvidia
RSS