Taiwan Business Quick Take

Staff writer, with CNA

Mon, Mar 10, 2014 - Page 14

FINANCE

Bad loan ratio drops: FSC

The Financial Supervisory Commission (FSC) on Tuesday last week said the nation’s bad loan ratio dropped to 0.36 percent at the end of January from 0.38 percent a month earlier on better asset quality in the banking sector. Overall, bad loans amounted to NT$87.4 billion (US$2.88 billion) in January, down NT$2.5 billion from December last year, while outstanding loans gained NT$352.1 billion to NT$24.16 trillion, the commission said.

EMPLOYMENT

Ministry forecasts jobs rise

The nation’s manpower needs for next month are expected to increase by 36,676 jobs over the slow season in January, the Ministry of Labor said on Tuesday. A ministry survey showed that businesses with 30 or more employees will open 48,358 jobs by next month, though 11,682 other roles will be cut. Manufacturing led with 19,432 openings, followed by wholesale and retail business with 5,034, and the hotel and dining sector with 2,899, the survey said.

STEELMAKERS

CSC eyes Q2 rise in output

China Steel Corp (中鋼) on Monday last week said its output for the second quarter would rise about 2.5 percent from the previous quarter on increased orders. The company also said the annual maintenance of its first and second furnaces will be completed by the end of the second quarter.

TELECOMS

Lai to lead Vibo, too

Vibo Inc (威寶電信) last week said its board had approved Cliff Lai’s (賴弦五) appointment as president, after parent company Taiwan Star Cellular (台灣之星) hired Lai as president. Taiwan Star is a unit of the Ting Hsin International Group (頂新國際集團).