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.
Shares in Taiwan closed at a new high yesterday, the first trading day of the new year, as contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) continued to break records amid an artificial intelligence (AI) boom, dealers said. The TAIEX closed up 386.21 points, or 1.33 percent, at 29,349.81, with turnover totaling NT$648.844 billion (US$20.65 billion). “Judging from a stronger Taiwan dollar against the US dollar, I think foreign institutional investors returned from the holidays and brought funds into the local market,” Concord Securities Co (康和證券) analyst Kerry Huang (黃志祺) said. “Foreign investors just rebuilt their positions with TSMC as their top target,
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
US President Donald Trump on Friday blocked US photonics firm HieFo Corp’s US$3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore Corp, citing national security and China-related concerns. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s businesses led the US president to believe that it might “take action that threatens to impair the national security of the United States.” The order did not name the person or detail Trump’s concerns. “The Transaction is hereby prohibited,”
Garment maker Makalot Industrial Co (聚陽) yesterday reported lower-than-expected fourth-quarter revenue of NT$7.93 billion (US$251.44 million), down 9.48 percent from NT$8.76 billion a year earlier. On a quarterly basis, revenue fell 10.83 percent from NT$8.89 billion, company data showed. The figure was also lower than market expectations of NT$8.05 billion, according to data compiled by Yuanta Securities Investment and Consulting Co (元大投顧), which had projected NT$8.22 billion. Makalot’s revenue this quarter would likely increase by a mid-teens percentage as the industry is entering its high season, Yuanta said. Overall, Makalot’s revenue last year totaled NT$34.43 billion, down 3.08 percent from its record NT$35.52
RSS