Premier Lin Chuan (林全) has appointed Shih Jun-ji (施俊吉) as the new chairman of the Taiwan Stock Exchange (TWSE), Cabinet spokesman Tung Chen-yuan (童振源) said yesterday.
The appointment came amid speculation that Shih, an experienced academic and veteran of Taiwan’s financial regulatory agency, would replace Lee Sush-der (李述德), who is scheduled to retire at the end of this month.
Tung said that Shih, currently a minister without portfolio, has a wealth of experience and a good reputation in both economic theory development and financial market practices, making him a good candidate to take the helm of the TWSE, which operates the local main board.
Shih formerly served as chairman of the Financial Supervisory Commission (FSC), the top financial regulator in Taiwan, and was a research fellow at Academia Sinica, the nation’s top research institution.
Shih was born in August 1955 and has a doctorate in economics from National Taiwan University. As a minister without portfolio, he is in charge of policies regarding economics, communication and trade negotiations, including possible talks on entering the US-led Trans-Pacific Partnership.
Citing Lin, Tung said that the TWSE chairman plays an important role in the capital market, as Taiwan is keen to attract funding at home and from overseas to energize its capital market.
Tung said that when Shih served as FSC chairman, he worked closely with the domestic financial market.
As a research fellow at Academia Sinica, Shih has conducted a great deal of research on Taiwan’s financial market, Tung said.
He said Shih has done a good job as a minister without portfolio and his expertise in the financial market makes him ideal for the position of TWSE chairman.
After Shih assumes his new post, he is to step down from his position as minister without portfolio.
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
MRT TRAVEL FALLS: In February, ridership on the Taipei MRT System fell 8.96 percent from an average of 2.01 million per day in January Scooter sales jumped 13 percent last month as more commuters turned to two-wheelers to avoid public transportation amid the COVID-19 pandemic, the latest statistics showed. Sales expanded to 74,493 units last month, compared with 65,913 units in February, statistics released on Wednesday by Kwang Yang Motor Co (光陽工業) and the Ministry of Transportation and Communications showed. In the first quarter, aggregate sales slid 0.51 percent year-over-year to 186,627 units, from 187,580 units, data showed. Kwang Yang, the nation’s biggest scooter manufacturer, continued to lead the market by selling 24,136 vehicles last month, growing 6.12 percent from 20,785 units in the previous month, while
Asustek Computer Inc (華碩), the nation’s leading PC vendor, yesterday launched its first dual-screen gaming laptop powered by Intel Corp’s latest central processing units (CPUs). The PC manufacturer’s announcement closely followed the US chipmaker’s unveiling of its 10th Generation Core H-series, the fastest commercial mobile processors with speeds of up to 5 gigahertz. Although Asustek’s Zephyrus Duo 15, the highlight of its Republic of Gamers line, is not the company’s first laptop with two screens, it is its first designed specifically for gaming. Nestled between the primary display panel and the keyboard, the secondary display, which Asustek calls the ScreenPad Plus, is angled
NEW CONSIDERATIONS: An airline manager said the idea is tempting, as demand for air cargo is strong, but issues such as training loaders would need to be addressed Taiwanese airlines might repurpose passenger jets to carry cargo in their cabins to offset lost revenue amid the COVID-19 pandemic. Airlines are considering applying to the Civil Aeronautics Administration (CAA) for permission to transport cargo in passenger cabins after StarLux Airlines Co (星宇航空) last month became the first among the nation’s airlines to offer cargo-only flights using the normal cargo holds of its three Airbus SE A321neo passenger jets. “We are considering whether to increase our capacity by putting cargo on passenger seats,” Starlux spokesman Nieh Kuo-wei (聶國維) told the Taipei Times by telephone. “The advantage is that we can improve revenue,