Cathay Financial Holding Co (國泰金控), Taiwan’s largest financial services provider by assets, retained its title this year as the largest employer among listed peers, according to a Taiwan Stock Exchange’s (TWSE) social responsibility review released yesterday.
Cathay Financial employs about 43,000 people, comfortably ahead of the next company on the list, contract chipmaker Taiwan Semiconductor Manufacturing Co (台積電), which has 30,113 employees, and third-place Fubon Financial Holding Co (富邦金控), with 28,954 employees, the exchange said.
Telecoms operator Chunghwa Telecom Co (中華電信) and chip packager and tester Advanced Semiconductor Engineering Inc (日月光半導體) ranked fourth and fifth with 24,664 and 19,500 employees respectively, the exchange said.
“Each employee [helps] support one family,” TWSE chairman Schive Chi (薛琦) said.
Along with the annual review, the stock exchange said its Taiwan Employment Creation 99 Index added five new members this year: Taishin Financial Holding Co (台新金控), Wowprime Corp (王品), Catcher Technology Corp (可成), Far Eastern International Bank (遠東銀) and Largan Precision Co (大立光).
“The index is intended as a benchmark to guide institutional and retail investors as they look to invest in companies with a top ranking,” Schive said.
The main criteria for selecting the 99 companies include profit per employee and turnover rate. Companies with turnover rates of 1 percent or lower are not selected, the exchange said.
The 99 constituent firms employed a total of 599,000 personnel this month, up 1 percent from a year ago, the exchange said.
US sports leagues rushed to get in on the multi-billion US dollar bonanza of legalized betting, but the arrest of an National Basketball Association (NBA) coach and player in two sprawling US federal investigations show the potential cost of partnering with the gambling industry. Portland Trail Blazers coach Chauncey Billups, a former Detroit Pistons star and an NBA Hall of Famer, was arrested for his alleged role in rigged illegal poker games that prosecutors say were tied to Mafia crime families. Miami Heat guard Terry Rozier was charged with manipulating his play for the benefit of bettors and former NBA player and
The DBS Foundation yesterday announced the launch of two flagship programs, “Silver Motion” and “Happier Caregiver, Healthier Seniors,” in partnership with CCILU Ltd, Hondao Senior Citizens’ Welfare Foundation and the Garden of Hope Foundation to help Taiwan face the challenges of a rapidly aging population. The foundation said it would invest S$4.91 million (US$3.8 million) over three years to foster inclusion and resilience in an aging society. “Aging may bring challenges, but it also brings opportunities. With many Asian markets rapidly becoming super-aged, the DBS Foundation is working with a regional ecosystem of like-minded partners across the private, public and people sectors
BREAKTHROUGH TECH: Powertech expects its fan-out PLP system to become mainstream, saying it can offer three-times greater production throughput Chip packaging service provider Powertech Technology Inc (力成科技) plans to more than double its capital expenditures next year to more than NT$40 billion (US$1.31 billion) as demand for its new panel-level packaging (PLP) technology, primarily used in chips for artificial intelligence (AI) applications, has greatly exceeded what it can supply. A significant portion of the budget, about US$1 billion, would be earmarked for fan-out PLP technology, Powertech told investors yesterday. Its heavy investment in fan-out PLP technology over the past 10 years is expected to bear fruit in 2027 after the technology enters volume production, it said, adding that the tech would
YEAR-END BOOST: The holiday shopping season in the US and Europe, combined with rising demand for AI applications, is expected to drive exports to a new high, the NDC said Taiwan’s business climate monitor improved last month, transitioning from steady growth for the first time in five months, as robust global demand for artificial intelligence (AI) products and new iPhone shipments boosted exports and corporate sales, the National Development Council (NDC) said yesterday. The council uses a five-color system to measure the nation’s economic state, with “green” indicating steady growth, “red” suggesting a boom and “blue” reflecting a recession. “Yellow-red” and “yellow-blue” suggest a transition to a stronger or weaker condition. The total score of the monitor’s composite index rose to 35 points from a revised 31 in August, ending a four-month
RSS