To celebrate this year’s International Women’s Day, Taiwan Futures Exchange (TAIFEX) once again joined the World Federation of Exchanges (WFE) “Ring the Bell for Gender Equality” initiative. Led by chairman Wu Tzu-hsin (吳自心) and chief executive officer Chou Chien-lung (周建隆), female executives and managers gathered in support at the exchange in Taipei on Friday, reaffirming TAIFEX’s commitment to gender equality and inclusion under the “TAIFEX Cares” spirit.
The “Ring the Bell for Gender Equality” campaign is a collaborative effort by the WFE in partnership with several international organizations, including UN Sustainable Stock Exchanges, UN Global Compact and UN Women. This year, more than 110 exchanges and clearinghouses worldwide participated, underscoring the capital markets’ ongoing focus on gender equality and women’s empowerment.
TAIFEX has long integrated environmental, social and governance (ESG) and corporate social responsibility into business strategy, fostering a fair and inclusive workplace. As of this year, women represent approximately 34 percent of the exchange’s workforce and 45 percent of its management positions, and hold half of executive roles. TAIFEX also encourages domestic futures commission merchants to increase female board representation to one-third to enhance diversity at the decision-making level and support the industry’s long-term development.
Photo courtesy of Taiwan Futures Exchange
Beyond workplace, TAIFEX promotes gender equality through community engagement, including its continued support for the “Young Women’s Independent Living Program,” which assists young women from disadvantaged families. TAIFEX also sponsors the Xinzhuang Elementary School Girls’ handball team. Through these efforts, TAIFEX aims to expand opportunities for women and contribute to a more inclusive society.
As Taiwan remains among Asia’s leaders in gender equality, TAIFEX will continue to leverage its role by working alongside market participants to foster a more inclusive and sustainable financial marketplace and advance long-term progress toward gender equality.
Ryanair, Transavia, Volotea and other low-cost airlines are feeling the financial pain from high jet fuel prices as a result of the Middle East war and are cutting flights. The closure of the Strait of Hormuz has taken a huge chunk of oil supplies off the market, sending the price of jet fuel soaring and triggering fears of shortages that could force airlines to cancel flights. Airlines are not waiting for a lack of supplies to react. “Travel alert: Airlines are cutting thousands of flights right now,” Travel Therapy host Karen Schaler said in an Instagram reel this past weekend.
MANAGING RISKS: Taiwan has secured LNG sufficient to cover 95 percent of electricity demand for next month, UBS said, describing the government’s approach as proactive UBS Group AG has raised its forecast for Taiwan’s economic growth this year to 8 percent, up from 6.9 percent previously, and said expansion could reach as high as 8.6 percent if external energy shocks are avoided. The upgrade reflects a stronger-than-expected first-quarter performance and sustained momentum in artificial intelligence (AI)-driven exports, which UBS said are providing a firm foundation for growth despite geopolitical and energy risks. Taiwan’s GDP expanded 13.69 percent year-on-year in the first quarter, the fastest growth since the second quarter of 1987, the Directorate-General of Budget, Accounting and Statistics (DGBAS) reported on Thursday. On a seasonally
The list of Asian stocks that benefit from business partnership with Nvidia Corp is getting longer, as the region further integrates into the artificial intelligence (AI) chip giant’s business ecosystem. Just in the past week, South Korea’s LG Electronics Inc, Taiwan’s Nanya Technology Corp (南亞科技), as well as China’s Huizhou Desay SV Automotive Co (德賽西威) and Pateo Connect Technology Shanghai Corp (博泰車聯) have become the latest to rally on news of tie-ups, supply-chain participation or product collaboration with the US chip designer. Asian suppliers account for about 90 percent of Nvidia’s production costs, up from about 65 percent last year, data compiled
The Fair Trade Commission’s (FTC) ongoing review of Grab Holdings Ltd’s US$600 million acquisition of Foodpanda Taiwan’s operations, announced on March 23, has taken on fresh urgency as industry experts warn that the transaction could embed significant Chinese cybersecurity vulnerabilities into Taiwan’s digital infrastructure through Grab’s deep ties to autonomous-driving firm WeRide (文遠知行). Less than 16 months after the FTC blocked Uber Eats’ direct attempt to acquire Foodpanda Taiwan — citing potential combined market shares of 80 to 90 percent — the emergence of Grab as the buyer has prompted questions about whether the same competitive harm is simply being rerouted
RSS