A symposium on financial stability analysis organized by the Southeast Asian Central Banks Research and Training Center and the Bank of International Settlements (BIS) opened yesterday in Taipei.
Speaking at the opening ceremony, central bank Governor Perng Fai-nan (
The handsome growth in financial trading volume, the increasingly complex financial tools and the globalization of large-scale financial institutions, are expected to heighten both the frequency and scale of financial risks, Perng said.
Central bank officials should conduct constant analyses of potential financial risk sources, their possible impact and financial institutions' ability to absorb unexpected losses, he said.
Without continual analyses, central banks will not be able to decide how to strengthen financial system stability, he said.
According to a central bank official, 36 officials from 12 countries plus Taiwan are attending the four-day workshop, which will run through Thursday.
In related news, Japanese Vice Finance Minister for International Affairs Naoyuki Shinohara said yesterday in Tokyo that exchange rates reflect the relative strengths of economies.
"Exchange rates basically should be decided by the market," he said at a forum.
"In terms of economic growth a weaker yen is a plus," he said. "Should the yen strengthen, however, that would push down import prices" and benefit consumers.
Shinohara also said Japan shouldn't use its foreign reserves to make speculative investments. He said he was wary of establishing a sovereign wealth fund.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
RSS