Taiwan Business Quick Take

Agencies with staff writer

Mon, Oct 21, 2013 - Page 14


Forum discusses standards

Hon Hai Precision Industry Co (鴻海精密) chairman Terry Gou (郭台銘) will take part in a forum in New Taipei City (新北市) with industry representatives from Taiwan and China today to discuss communications industry standards. A 70-member Chinese delegation led by Chinese Deputy Minister of Industry and Information Technology Yang Xueshan (楊學山) will also participate in the 10th Cross-Strait Communications Industry and Technical Standards Forum, organizers have said. Yang is expected to announce the results of the two sides’ cooperation on China’s homegrown 4G TD-LTE wireless broadband standard, the organizers said. Gou said earlier this month at the APEC CEO Summit held in Indonesia that his group intends to develop products with smart content and smart medical systems and contribute to the building of smart cities.


Jobless likely unchanged

Taiwan’s nominal unemployment rate usually dips in September because of seasonal factors, but Hsin Ping-lung (辛炳隆), an associate professor at National Taiwan University, predicted that this year’s figure, to be released tomorrow, will be generally unchanged given the stagnant nature of the labor market. Last month’s jobless rate might fall slightly and any significant decline in the nominal jobless rate is unlikely to take place until this month when businesses begin hiring to gear up for the Lunar New Year period, Hsin said. July and August often have the highest nominal unemployment rates of the year because of the many new university graduates who join the job-seeking population. The unemployment rate in August was 4.33 percent, up 0.08 percentage points from July and up 0.19 percentage points from June.