CPC says oil reserves sufficient
PRICE PRESSURE:
There is increasing pressure on the state-run firm to increase fuel prices as losses grow because of rising costs of crude oil across the globe
By Jerry Lin State-run CPC Corp, Taiwan (CPC, 台灣中油) said in a statement yesterday that it had sufficient oil reserves and would maintain an adequate supply of fuel. The company also said it also would not borrow oil products from domestic rivals.
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Bosses step up visa program efforts
BRAIN POWER:
Some analysts argue that the US is in danger of losing its competitive edge if it fails to take action to attract and retain young professionals
Facing another squeeze on a visa program for skilled workers, US business leaders are stepping up efforts to raise the limits, arguing that the nation is running short of the talent it needs to remain competitive.
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Analysts say Fubon Life to face limited pressure on capital
By Joyce Huang Life insurance companies are under pressure to raise capital because of the recent appreciation of the NT dollar, but Fubon Life Assurance Co (富邦人壽) will see limited impact, given its better-than-expected currency hedging capabilities, analysts said yesterday.
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Taiwan's trade surplus with China increases 12.8%
Taiwan enjoyed a trade surplus of US$3.98 billion with China in January, representing a year-on-year increase of 12.8 percent, the latest governmental tallies show.
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