Central bank Governor Yang Chin-long (楊金龍) has earned the fourth “A” grade of his career, in an annual report issued by the New York-based Global Finance magazine.
In the Central Banker Report Cards 2023 released by Global Finance overnight, Yang was listed among eight central bankers in the world who received an “A” grade, the magazine said in a statement.
Yang said yesterday that his grade was the result of the efforts made by the government and the people, as well as his colleagues at the central bank.
Photo: Chen Mei-ying, Taipei Times
This year’s Central Banker Report Cards, published annually by Global Finance since 1994, graded the central bank governors of 101 key countries, territories and districts in the world, including the EU, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States.
Grades are awarded on a scale from “A” to “F” for success in inflation control, economic growth goals, currency stability and interest rate management, with an “A” representing an excellent performance and an “F” signifying outright failure, according to Global Finance.
Yang, who has been working at Taiwan’s central bank since 1989 and became its governor in 2018, received an “A” grade in the annual central banker report in 2019, 2020 and 2022, and an “A-” in 2021.
His predecessor Perng Fai-nan (彭懷南) has the distinction of being the only central banker in the world to have earned the top grade 14 times, gaining straight A’s from 2005-2017.
On the Global Finance 2023 report card, the other central bankers who earned a grade “A” were Brazil’s Roberto Campos Neto, Israel’s Amir Yaron, Mauritius’ Harvesh Kumar Seegolam, New Zealand’s Adrian Orr, Paraguay’s Jose Cantero Sienra, Peru’s Julio Velarde and Uruguay’s Diego Laba, according to the 2023 report.
At the top of the class, three central bankers — India’s Shaktikanta Das, Switzerland’s Thomas J. Jordan and Vietnam’s Nguyen Thi Hong — received an “A+” grade this year, the report showed.
According to Global Finance, 10 central bankers earned an “A-” grade. They are Colombia’s Leonardo Villar, Dominican Republic’s Hector Valdez Albizu, Iceland’s Asgeir Jonsson, Indonesia’s Perry Warjiyo, Mexico’s Victoria Rodriguez Ceja, Morocco’s Abdellatif Jouahri, Norway’s Ida Wolden Bache, South Africa’s Lesetja Kganyago, South Korea’s Rhee Chang-yong and Sri Lanka’s Nandalal Weerasinghe.
SETBACK: Apple’s India iPhone push has been disrupted after Foxconn recalled hundreds of Chinese engineers, amid Beijing’s attempts to curb tech transfers Apple Inc assembly partner Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country. The extraction of Chinese workers from the factory of Yuzhan Technology (India) Private Ltd, a Hon Hai component unit, in southern Tamil Nadu state, is the second such move in a few months. The company has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named, as the
The prices of gasoline and diesel at domestic fuel stations are to rise NT$0.1 and NT$0.4 per liter this week respectively, after international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to rise to NT$27.3, NT$28.8 and NT$30.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to rise to NT$26.2 per liter at CPC stations and NT$26 at Formosa pumps, they said. The announcements came after international crude oil prices
DOLLAR SIGNS: The central bank rejected claims that the NT dollar had appreciated 10 percentage points more than the yen or the won against the greenback The New Taiwan dollar yesterday fell for a sixth day to its weakest level in three months, driven by equity-related outflows and reactions to an economics official’s exchange rate remarks. The NT dollar slid NT$0.197, or 0.65 percent, to close at NT$30.505 per US dollar, central bank data showed. The local currency has depreciated 1.97 percent so far this month, ranking as the weakest performer among Asian currencies. Dealers attributed the retreat to foreign investors wiring capital gains and dividends abroad after taking profit in local shares. They also pointed to reports that Washington might consider taking equity stakes in chipmakers, including Taiwan Semiconductor
STABLE DEMAND: Delta supplies US clients in the aerospace, defense and machinery segments, and expects second-half sales to be similar to the first half Delta Electronics Inc (台達電) expects its US automation business to remain steady in the second half, with no signs of weakening client demand. With demand from US clients remaining solid, its performance in the second half is expected to be similar to that of the first half, Andy Liu (劉佳容), general manager of the company’s industrial automation business group, said on the sidelines of the Taiwan Automation Intelligence and Robot Show in Taipei on Wednesday. The company earlier reported that revenue from its automation business grew 7 percent year-on-year to NT$27.22 billion (US$889.98 million) in the first half, accounting for 11 percent
RSS