Funds managed by the Ministry of Labor’s Bureau of Labor Funds earned NT$20.9 billion (US$641.14 million) in October, bringing this year’s gains to NT$93.91 billion as of the end of October, a report by the bureau showed yesterday.
The funds were valued at NT$6.8814 trillion and saw a 14.96 percent return rate for the first 10 months of the year, the bureau said in its latest fund performance report.
The funds include the Labor Pension Fund, valued at NT$4.5106 trillion with a 14.59 return rate, the Labor Retirement Fund (NT$1.047 trillion, 17.92 percent), the Labor Insurance Fund (NT$1.096 trillion, 16.64 percent) and the Employment Insurance Fund (NT$172.4 billion, 3.42 percent).
Photo: Lee Chin-hui, Taipei Time
The funds also comprise the Labor Occupational Accident Insurance Fund (NT$36.5 billion, 1.40 percent) and the Arrear Wage Payment Fund (NT$19.4 billion, 11.64 percent).
The bureau also reviewed the performance of the financial markets, saying that US retail sales were solid in September, as were non-farm payroll reports and the non-manufacturing index.
However, Taiwan’s financial market performance in October was relatively weak, apart from the relatively solid stock market, it said.
The Ministry of Labor said that varied interest rate policies, uneven growth, the development of artificial intelligence-related industries, the new US government’s fiscal policy and geopolitical conflicts could lead to uncertainty in the global financial market.
The Coast Guard Administration (CGA) and Chunghwa Telecom yesterday confirmed that an international undersea cable near Keelung Harbor had been cut by a Chinese ship, the Shunxin-39, a freighter registered in Cameroon. Chunghwa Telecom said the cable had its own backup equipment, and the incident would not affect telecommunications within Taiwan. The CGA said it dispatched a ship under its first fleet after receiving word of the incident and located the Shunxin-39 7 nautical miles (13km) north of Yehliu (野柳) at about 4:40pm on Friday. The CGA demanded that the Shunxin-39 return to seas closer to Keelung Harbor for investigation over the
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
EARTHQUAKE: Taipei and New Taipei City accused a construction company of ignoring the Circular MRT’s original design, causing sections to shift by up to 92cm The Taipei and New Taipei City governments yesterday said they would seek NT$1.93 billion (US$58.6 million) in compensation from the company responsible for building the Circular MRT Line, following damage sustained during an earthquake in April last year that had shuttered a section for months. BES Engineering Corp, a listed company under Core Pacific Group, was accused of ignoring the original design when constructing the MRT line, resulting in negative shear strength resistance and causing sections of the rail line between Jhonghe (中和) and Banciao (板橋) districts to shift by up to 92cm during the April 3 earthquake. The pot bearings on
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
RSS