Critics blast status quo at Taiwan's state-owned banks

Article Abstract:

Several critics are denouncing the status quo plaguing Taiwan's banking industry, as state-owned banks dominating the industry are led by senior bureaucrats. Some analysts contend that the government should hire outside talent to bring change into Taiwan's banking industry, instead of hiring long-term public servants with no management skills related to banking. Nowell Chernick, a banking expert and broker at Jardine Fleming Taiwan Securities, said that except for one or two well-run private banks, the country's banking industry is not competitive on a global scale. Chernick forecasts Taiwanese banks' return on shareholder equity will be less than 14% in fiscal 1998.

Comment:

Taiwan: Some critics denounce the status quo plaguing Taiwan's banking ind, as state-owned banks are led by senior bureaucrats

Commercial Banking, State Banks

---

Orderly succession expected at Tsai group

Article Abstract:

Lin-Yuan Group, the holding company of Cathay Life Insurance Co. and Cathay Construction Co., is expected to have a smooth transition of control as its leader, Wan-Lin Tsai, is experiencing failing health. Tsai, who is the richest man in Taiwan with net worth of $8 billion, succeeds in paving the way for an orderly succession as he divided his company well among family members. While his eldest son, Tsai Cheng-ta cannot oversee Cathay Life due to poor health, Tsai Hong-tu, the second-eldest, will oversee the company as Tsai's other sons also get involved in top positions in the company.

Comment:

Is expected to have smooth transition of control as leader, Wan-Lin Tsai, is experiencing failing health

Diversified Companies, Lin-Yuan Group

---

Taiwan braces for more rifts between businesses, workers

Article Abstract:

Labor disputes in Taiwan between companies and their employees are expected to increase in 1999 as more and more businesses are forced to comply with the 1984 Labor Standards Law. Aside from the perennial woes on terms of contract, wages and hours, businesses are likely to encounter problems involving job security as the unemployment rate shoots up on account of business failures, retrenchment and the influx of new graduates who will seek employment.

Labor force information, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Labor Regulation NEC, Labor Relations, Labor law, Labor policy, Labor disputes

Similar abstracts:

• Abstracts: Critics blast status quo at Taiwan's state-owned banks: authorities strive for competitiveness, but shy away from offering key posts to skilled hands
• Abstracts: Australia's stock market stands out among the crowd. Japan's bond rally continues
• Abstracts: Fortis implies it may meet ABN Amro's Generale bid. Rabobank deal expands competition
• Abstracts: Merita vaults to the lead in the on-line banking race. Russian bank appears close to failure. Deutsche Bank faces review of foreign ties
• Abstracts: PowerGen takes another stab at the business of distribution. part 2 Pension debacle may cost Prudential $1.83 billion

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.