Nation’s BSRI ranking up
Taiwan has moved up one notch to seventh in the latest quarterly BlackRock Sovereign Risk Index (BSRI) and finished second among Asian countries behind Singapore. The three countries deemed to have the lowest sovereign risk in the first quarter survey were Norway, Singapore and Switzerland. Within Asia, Taiwan trailed only Singapore, and finished ahead of South Korea (13th), Malaysia (16th), China (17th), Philippines (24th), Thailand (26th), Japan (33rd) and Indonesia (36th).
Bond funds green-lit
Fubon Asset Management Co (富邦投信) yesterday said it had obtained a green light from the Financial Supervisory Commission to raise two Chinese yuan-denominated bond funds in Taiwan between June 17 and June 21. The fundraising ceiling for each of the two funds has been set at 5 billion yuan (US$806 million), it said.
Open skies talks set
Vice Minister of Economic Affairs Bill Cho (卓士昭) said on Monday at a bilateral trade meeting in Ottawa that Taiwan and Canada will conduct open skies talks next month. Cho said the Civil Aeronautics Administration is scheduled to send a delegation to Canada next month for talks on deregulation of the aviation sector and creating more of a free-market environment for airlines.