Citibank Taiwan Ltd’s longstanding commitment to public welfare and environmental activities was recognized recently when it received Excellence Magazine’s “Best Corporate Social Responsibility Award” for the third consecutive year.
Citibank Taiwan chairman Paulus Mok (莫兆鴻) on Wednesday last week received the award from Financial Security Commission Vice Chairman Chang Chuang-chang (張傳章) at an award ceremony.
Citibank has been deeply invested in Taiwan for more than 50 years, and that during this time, “Citibank has worked hard to be the best for our clients” and worked to fulfill its corporate social responsibilities by pushing for social advancement, Mok said.
Photo courtesy of Citibank Taiwan
Citibank this year initiated several pioneering public welfare initiatives, the most noteworthy being its assistance to the International Paralympics Committee to promote sports for people with disabilities, social acceptance and diversified development.
Taiwanese powerlifter Lin Tzu-hui (林資惠), a Team Citi athlete, is to represent Taiwan at the Tokyo 2020 Paralympics Games.
In the area of environmental protection, Citibank has responded to the government’s efforts to reduce the use of plastics and green energy efforts by assisting RE-THINK Environmental Education Association’s (重新思考環境教育協會) create Taiwan’s first “Guidebook of Marine Debris” Web site.
Citibank has also helped St Camillus Long-term Care Center in Yilan County install a solar energy system and apply for a Taiwan Renewable Energy Certificate (T-Rec) for the green energy they produce and to sell it on an energy certificate exchange platform.
This is creating an annual economic value of NT$85,000 (US$3,745), while reducing carbon emissions by 10 tonnes per year — equal to the carbon sequestered by 918 trees — as well as implementing a sustainable energy policy.
In the area of professional youth training, Citibank has started the program “Pathways to Progress” to help young people gain employment.
Through various activities, the program aims to help young people find their hidden potential, nurture their skills and set future goals.
Since 2016, Citibank has invested more than NT$30 million and helped almost 800 people develop a special skill, with more than 650 of them going on to school or gaining employment.
.
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”
Greek tourism student Katerina quit within a month of starting work at a five-star hotel in Halkidiki, one of the country’s top destinations, because she said conditions were so dire. Beyond the bad pay, the 22-year-old said that her working and living conditions were “miserable and unacceptable.” Millions holiday in Greece every year, but its vital tourism industry is finding it harder and harder to recruit Greeks to look after them. “I was asked to work in any department of the hotel where there was a need, from service to cleaning,” said Katerina, a tourism and marketing student, who would
i Gasoline and diesel prices at fuel stations are this week to rise NT$0.1 per liter, as tensions in the Middle East pushed crude oil prices higher last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week rose for the third consecutive week due to an escalating conflict between Israel and Iran, as the market is concerned that the situation in the Middle East might affect crude oil supply, CPC and Formosa said in separate statements. Front-month Brent crude oil futures — the international oil benchmark — rose 3.75 percent to settle at US$77.01
RSS