The New Taiwan dollar has risen in value by 7 percent so far this year, sparking concerns the appreciation will impact upon Taiwan’s exporters. Hiwin Technologies Corp chairman Eric Chuo has called on the central bank to eliminate the interference of inflows and outflows of hot money, saying that rises and falls in the value of a country’s currency should be governed by the degree to which it is competitive.
At the company’s investors’ conference on Wednesday last week, while discussing the NT dollar, Chuo noted that the exchange rate has an impact upon import and export companies, adding that 80 percent of Hiwin Technologies’ sales come from exports, which means that the company’s profit is affected by exchange rate fluctuations.
Chuo also said Taiwanese industries need to upgrade and improve the added-value of their products in order to cushion the effect of currency fluctuations.
Photo: Reuters
照片：路透社
Given the current situation with hot money flows affecting the exchange rate, the central bank should stabilize the exchange rate by eliminating factors which cause inflows and outflows of hot money. While Chuo said he can appreciate the government’s predicament, he noted that the situation is different in Taiwan from that of the US since hot money does not have a significant impact on the US economy.
(CNA, translated by Edward Jones)
新台幣匯價今年以來漲幅約百分之七，成為影響出口表現隱憂。上銀董事長卓永財表示，中央銀行應排除熱錢進出干擾，貨幣升貶應該與國家競爭力相關。
上銀上禮拜三舉辦法人說明會。談到新台幣匯率，卓永財重申，本國貨幣匯率影響進出口廠商，上銀有八成以出口外銷為主，也會受到匯率波動影響損益。
卓永財指出，產業要升級提高附加價值，減緩匯率波動的影響。
卓永財重申，目前熱錢進出影響匯率走勢，匯率的穩定應該要把熱錢因素排除，他建議中央銀行應排除熱錢進出干擾。卓永財表示，可以體諒政府的難處，不過美國和台灣不一樣，熱錢進出對於美國沒有太大影響。
(中央社)
The third-hottest July worldwide ended a string of record-breaking temperatures last month, but many regions were still devastated by extreme weather amplified by global warming, the European climate monitoring service said Thursday last week. Heavy rains flooded Pakistan and northern China; Canada, Scotland and Greece struggled to tame wildfires intensified by persistent drought; and many nations in Asia and Scandinavia recorded new average highs for the month. “Two years after the hottest July on record, the recent streak of global temperature records is over,” Carlo Buontempo, director of the EU’s Copernicus Climate Change Service, said in a statement. “But that
Peacocks are among the most beautiful birds in the world. Their bright feathers and graceful movements have fascinated humans for centuries. These magnificent creatures belong to the pheasant family and are found in regions across Asia and Africa. Let’s explore peacocks’ unique characteristics and cultural significance. There are three main species of peacock: the well-known Indian peafowl, native to South Asia; the endangered green peafowl from Southeast Asia; and the rare Congo peafowl, found in African rainforests. Although the term “peacock” technically refers only to males, many people use it for both sexes. Male peacocks display their colorful tail feathers, which
Continued from yesterday（延續自昨日） https://www.taipeitimes.com/News/lang Whale shark reproduction has long been a mystery for scientists. However, a significant discovery in 1995 off the eastern coast of Taiwan provided valuable insights. Researchers examined a pregnant female of the species and found over 300 embryos inside her body, ranging from about 40 to 60 cm in length. This discovery revealed that whale sharks are ovoviviparous. Instead of laying eggs in the ocean, the mother carries them internally until they hatch, giving birth to fully developed live young. Since the eggs don’t hatch all at once, embryos at different stages of development can all exist within
A: Wow, Taiwanese pop band Sodagreen just held two concerts in Kaohsiung to mark the 20th anniversary of their debut. B: I’m glad they’re continuing to perform, even after taking several long breaks. A: Canadian singer Elijah Woods also staged a show in New Taipei on Tuesday, followed by US singer Camila Cabello, who is set to rock Kaohsiung tonight. B: I love Camila’s global hit Havana. It was the best-selling digital single of 2018, according to the International Federation of the Phonographic Industry (IFPI). A: The singer with Cuban-Mexican heritage was born in Havana, and her music has been influenced by her roots. A:
RSS