An order by the Ministry of Justice (MOJ) that all board directors and supervisors working at government-dominated banks, state-owned enterprises and non-profit institutions declare their assets has resulted in a number of resignations.
Prominent names who are confirmed to have resigned from their positions include Wu Chun-yi (吳俊億), chairman of Taiyen (台鹽), Rock Hsu (許勝雄), chairman of China Productivity Center (CPC, 中國生產力中心), and Shih Chin-tay (史欽泰), chairman of the Industrial Technology Research Institute (ITRI, 工研院), the Chinese-language Economic Daily News reported yesterday.
The Chinese-language Commercial Times carried a similar report yesterday.
The reports said Minister of Economic Affairs Yiin Chii-ming (尹啟銘) had previously advised the MOJ to only apply the rule to paid board directors and supervisors, but that he failed in his effort.
The Ministry of Economic Affairs (MOEA) said that most of the individuals who had chosen to leave their posts were from the business sector, as well as academics.
The institution that was hardest hit by the new measure was ITRI, whose board of directors and supervisors were all appointed by the Cabinet. In addition to the resignation of its chairman, others, including Preston Chen (陳武雄), chairman of the Chinese National Federation of Industries (CNFI, 全國工業總會), and Lee Kun-yao (李焜耀), chairman of BenQ Corp (明碁), have all resigned.
A total of 115 board directors and supervisors from state-owned enterprises and non-profits had resigned as of last night, MOEA said.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day
Thousands of parents in Singapore are furious after a Cordlife Group Ltd (康盛人生集團), a major operator of cord blood banks in Asia, irreparably damaged their children’s samples through improper handling, with some now pursuing legal action. The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. This has implications across the region, given Cordlife’s operations in Hong Kong, Macau, Indonesia, the Philippines and India. The parents paid for years to have their infants’ cord blood stored, with the understanding that the stem cells they contained