CEPD targets industrial talent
The Council for Economic Planning and Development (CEPD) has injected NT$3.251 billion (US$100 million) into a project this year aimed at nurturing industrial talent.
The project is designed to attract overseas talent and students in Taiwan to work for the country's economic development.
A delegation organized by the Executive Yuan visited five major cities around the US between August and September and talked with 1,295 people who were interested in working in Taiwan.
Among them, 18 people with a high-tech background have been recruited by the government as advisers to Taiwan's enterprises and research organizations.
The Ministry of Economic Affairs has asked universities to open postgraduate student courses for the future supply of talent for domestic enterprises, CEPD said.
Taipower sells bonds
Taiwan Power Co (Taipower, 台電) sold NT$11.5 billion (US$353 million) in bonds in a private placement to help fund spending after canceling a public debt offering last month.
Cathay Life Insurance Co (國泰人壽) bought NT$10 billion in bonds and the government's Public Service Pension Fund NT$1.5 billion, Walter Pan, Taipower's finance director, said yesterday. The bonds mature in seven years.
Taipower has sold NT$37.19 billion of bonds this year as it seeks funding for NT$144 billion of planned investment in power plants and power lines this year.
NT dollar loses ground
The New Taiwan dollar lost ground against the US dollar on the Taipei Foreign Exchange yesterday, declining NT$0.036 to close at NT$32.517.
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