Taiwan Business Quick Take

Staff writer, with CNA

Wed, Jul 24, 2013 - Page 14

SOVEREIGN RISK

Taiwan up on key index

The nation rose two notches to fifth in the latest quarterly BlackRock Sovereign Risk Index (BSRI), its highest ranking since the index was launched in June 2011. The improvement came mainly thanks to strong performance in the “external finance” and “fiscal space” categories, in which it finished third and seventh respectively, the report said. Taiwan did less well in the index’s two other major categories, placing 18th in the “willingness to pay” category and 42nd in the “financial sector health” category, among the 48 countries tracked by the BSRI. The four countries considered to have the lowest sovereign risk in the second quarter survey were Norway, Singapore, Switzerland and Sweden.

AIRLINES

CAL eyeing ‘cool’ cargo

China Airlines Ltd (CAL, 中華航空) and Envirotainer Ltd announced yesterday they would jointly launch temperature-controlled air freight services by the end of the year to meet the logistics needs of the healthcare and pharmaceutical industries. In the initial phase, CAL will target eight airports for its temperature-controlled air freight business including Taipei, Amsterdam, Frankfurt, San Francisco, Tokyo, Osaka and Singapore, the company said in a statement. The nation’s largest carrier said it would offer air cargo customers 11,392 daily flights to 864 destinations across 174 countries, through the international air cargo alliance, SkyTeam Cargo, which it joined in October last year.