Starting today, the post office will no longer accept savings from private corporations, Taiwan Post Co said yesterday.
The company’s savings and remittance director Chou Ruei-yun (鄒瑞雲) said yesterday that Article 1 of the Postal Savings and Remittance Act (郵政儲金匯兌法) clearly indicates that postal savings accounts were created to encourage personal savings.
‘INAPPROPRIATE’
“It then becomes inappropriate for the post office to allow private corporations to save in postal savings accounts, because by law corporations are defined as business juridical persons and are not considered individuals,” she said.
Meanwhile, corporations that already have post office savings accounts are asked to withdraw the money and close their accounts as soon as possible.
Taiwan Post reiterated its policy after a story published by the Chinese-language United Daily News yesterday, saying that it would no longer accept savings from corporations for fear of violating the Postal Savings and Remittance Act.
The post office has approximately NT$460 billion (US$13 billion) in its postal savings accounts, making it the largest savings institution in the nation.
FIXED RATES
While many banks have lowered their one-month fixed rates to 0.1 percent, or even lower, a postal savings account offers a one-month fixed interest rate of 0.29 percent.
By law, the post office cannot give loans to individuals or corporations, and about half of the funds in its postal savings accounts must be saved at the Central Bank.
An apartment building in New Taipei City’s Sanchong District (三重) collapsed last night after a nearby construction project earlier in the day allegedly caused it to tilt. Shortly after work began at 9am on an ongoing excavation of a construction site on Liuzhang Street (六張街), two neighboring apartment buildings tilted and cracked, leading to exterior tiles peeling off, city officials said. The fire department then dispatched personnel to help evacuate 22 residents from nine households. After the incident, the city government first filled the building at No. 190, which appeared to be more badly affected, with water to stabilize the
Taiwan plans to cull as many as 120,000 invasive green iguanas this year to curb the species’ impact on local farmers, the Ministry of Agriculture said. Chiu Kuo-hao (邱國皓), a section chief in the ministry’s Forestry and Nature Conservation Agency, on Sunday said that green iguanas have been recorded across southern Taiwan and as far north as Taichung. Although there is no reliable data on the species’ total population in the country, it has been estimated to be about 200,000, he said. Chiu said about 70,000 iguanas were culled last year, including about 45,000 in Pingtung County, 12,000 in Tainan, 9,900 in
DEEPER REVIEW: After receiving 19 hospital reports of suspected food poisoning, the Taipei Department of Health applied for an epidemiological investigation A buffet restaurant in Taipei’s Xinyi District (信義) is to be fined NT$3 million (US$91,233) after it remained opened despite an order to suspend operations following reports that 32 people had been treated for suspected food poisoning, the Taipei Department of Health said yesterday. The health department said it on Tuesday received reports from hospitals of people who had suspected food poisoning symptoms, including nausea, vomiting, stomach pain and diarrhea, after they ate at an INPARADISE (饗饗) branch in Breeze Xinyi on Sunday and Monday. As more than six people who ate at the restaurant sought medical treatment, the department ordered the
Taiwan’s population last year shrank further and births continued to decline to a yearly low, the Ministry of the Interior announced today. The ministry published the 2024 population demographics statistics, highlighting record lows in births and bringing attention to Taiwan’s aging population. The nation’s population last year stood at 23,400,220, a decrease of 20,222 individuals compared to 2023. Last year, there were 134,856 births, representing a crude birth rate of 5.76 per 1,000 people, a slight decline from 2023’s 135,571 births and 5.81 crude birth rate. This decrease of 715 births resulted in a new record low per the ministry’s data. Since 2016, which saw
RSS