Banks, insurers and brokerages in Taipei and New Taipei City are to open as normal tomorrow, the Financial Supervisory Commission said on Saturday.
All financial service providers have been instructed to ensure uninterrupted customer services while following the cities’ tightened disease prevention measures, the commission said.
The announcement came after the Central Epidemic Command Center raised the COVID-19 alert for the two cities to level 3 through Friday next week, calling on the public to avoid unnecessary travel, activities and gatherings, banning indoor gatherings of more than five people and outdoor gatherings of more than 10 people, and implementing sector-specific rules for businesses.
Photo: Allen Wu, Taipei Times
To reduce person-to-person contacts, the Ministry of Finance said that National Taxation Bureau offices in northern Taiwan would stop accepting in-person income tax filings.
The offices in Taipei, New Taipei City, Keelung, Taoyuan and Yilan would not accept tax filings until Friday next week, but remain open for other purposes, it said, adding that disease prevention measures, such as checking visitors’ temperatures, would be in place.
The ministry on Wednesday last week announced that the deadline for filing individual and corporate income tax for last year has been extended by one month, to June 30.
It urged people to file their taxes online, which can also be done using a smartphone.
The Securities and Futures Bureau said that listed companies would still have to hold in-person annual shareholders’ meetings, but control the number of participants, guaranteeing that no more then five people attend a meeting in the same room.
The requirement for in-person shareholders’ meetings is stipulated in the Company Act (公司法) to safeguard the participation rights of minority shareholders, it said.
Despite a provision in the Securities and Exchange Act (證券交易法) that shareholders’ meetings must be held before the end of June, the bureau said it would on a case-by-case basis decide whether companies that do not meet this deadline be exempted from penalties.
Commission data showed that 261 listed companies have scheduled shareholder meetings between tomorrow and Friday next week.
Of those companies, 28 had more than 50 shareholders attending their meetings in person last year, the commission said.
Additional reporting by CNA
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
RUN IT BACK: A succesful first project working with hyperscalers to design chips encouraged MediaTek to start a second project, aiming to hit stride in 2028 MediaTek Inc (聯發科), the world’s biggest smartphone chip supplier, yesterday said it is engaging a second hyperscaler to help design artificial intelligence (AI) accelerators used in data centers following a similar project expected to generate revenue streams soon. The first AI accelerator project is to bring in US$1 billion revenue next year and several billion US dollars more in 2027, MediaTek chief executive officer Rick Tsai (蔡力行) told a virtual investor conference yesterday. The second AI accelerator project is expected to contribute to revenue beginning in 2028, Tsai said. MediaTek yesterday raised its revenue forecast for the global AI accelerator used
RSS