Sat, Feb 15, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA


Yuan deposits surge

The central bank said yesterday that 214.52 billion yuan (US$35.38 billion) had been deposited in the nation as of the end of last month, marking the highest level of yuan deposits in history. The deposits were up from 182.6 billion yuan recorded at the end of last year, central bank data showed. Local banks began their yuan business on Feb. 6 last year. At the end of last month, the outstanding balance of deposits totaled 165.82 billion yuan in the 66 domestic banking units, up from 138.22 billion yuan recorded the previous month, while those in the 57 offshore banking units totaled 48.7 billion yuan, up from 44.38 billion posted a month earlier, according to data provided by the central bank.


Factory openings up: MOEA

The government recorded 5,181 factory registrations last year, an increase of 19.7 percent from the previous year, the Ministry of Economic Affairs (MOEA) said yesterday. Among them, 3,454 were officially approved, representing an annual decrease of 3.9 percent, while 1,727 factory operators obtained temporary licenses, up by 735 over the previous year, the ministry said. During the same period, 3,356 factories — an increase of 34 percent from 2012 — closed, leaving the net increase in the number of factories at 1,825, the ministry said. Changhua County recorded the highest net increase of factories, 564, followed by Greater Taichung, with a net increase of 455, it said.

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