Bidding farewell to ministry officials, outgoing Minister of Finance Yen Ching-chang (
"I'm greatly honored to head Taiwan's WTO office in Geneva. The international trade organization, which is often dubbed the `UN of trade,' will be an important step for Taiwan to further upgrade economic development," Yen told the farewell reception yesterday.
He added that, within the next month or two, he will start staffing Taiwan's WTO delegation before he takes office in Geneva.
Giving his blessings, Yen also confirmed newly appointed finance ministry officials, including new Political Vice Minister Wang Der-shan (
Outgoing Vice Minister Lin Tzong-yeong (
Extending his expertise from the securities to the financial sector, Lin said that he is preparing for his new job, which he expects will be a big challenge for him.
The new minister is scheduled to be sworn into office today, and will be presided over by Minister-without-portfolio Hu Sheng-cheng (胡勝正). The middle-ranking Cabinet official Chen Shu (陳樹) will be promoted as another administrative vice minister while Bank of Taiwan (台灣銀行) chairman Chen Mo-tsai (陳木在) will be heading the Bankers Association (銀行公會), which used to be a position of Lee's.
Local media speculated yesterday that outgoing Political Vice Minister Sean Chen (
Lee said that the ministry does not need to continue encouraging the formation of new financial holding companies if they cannot generate the expected results.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
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