Pay hike could cost Foxconn up to US$500m per year

A Foxconn factory. The company has announced it is increasing basic pay levels and will cut overtime. (File photo/Xinhua)

News

Cornyn blocks Lippert for Asia-Pacific role over F-16 sale

The policy of the Obama administration not to sell F-16C/D fighter aircraft to Taiwan has proved to ...
Devoted 52-year-old husband helps wife celebrate 80

Halfway up Qinglong mountain, in a remote village in Chongqing, there lives an old couple, husband Xie Wusheng, 52, and wife Lei Xingyu, 80. The pair ...
China to break the 'iron rice bowl' of civil service

China plans to launch a contract-based recruitment program for its civil service and set up an performance assessment system to break the so-called ...

China's Chery forms joint venture with Land Rover

China's Chery Automobile has formed a joint venture worth 17.5 billion yuan (US$2.8 billion) with ...
Pay hike could cost Foxconn up to US$500m per year

Foxconn, the world's largest contract manufacturer of electronics, has announced a raise in the basic pay for entry-level employees by 16-25%, ...
Asian CFOs have confidence in regional economy: survey

Asia's business leaders are optimistic about the region's future economic prospects but are less confident with regard to the global market, the ...

Bile bears give annual returns of 300%, say analysts

A bear which has its bile extracted for a period of 10 years could provide a profit of 30,000 yuan (US$4,765) for its owner, according to local media ...
Lost wedding gift found after 15 years in Taiwan

It's common to find small, forgotten bits of cash stuffed in a winter coat pocket or in a drawer, but several nuns in Taiwan were surprised this year ...
No penis, no ovaries, no admission: Taiwan's military schools

Women who have had their sexual organs removed and men without a penis are barred from applying to Taiwan's military schools, according to the ...

Taiwan capital gains tax: Not whether, but how

The remarks last week by Taiwan's premier, Sean Chen, that he would keep an open mind to levying capital gains taxes triggered a plunge in the local ...
Monetary policy is not a panacea for China's economic challenges

The People's Bank of China, the country's central bank, is set to lower the required reserve ratio for commercial lenders by 0.5 percentage points on ...
Xi's US trip a publicity success, but impasses remain

Chinese vice president Xi Jinping's recently concluded trip to the United States was successful in terms of the publicity it generated.While ...
Tsai Ing-wen can perform one last service for the DPP

After a month of painstaking review and numerous rewrites, Taiwan's main opposition Democratic Progressive Party has finally completed a report ...

Greentown China weathers 2011 crisis

Since late 2011, the future of high-end property developer Greentown China Holdings has been the ...
Frequent job-changers, young Chinese workers lack skills

Many young laborers in China choose to take on a variety of part-time jobs, frequently moving from one to another, but the phenomenon is leading to ...
Pepsi workers strike amid uncertainties of Tingyi takeover

Pepsi has high expectations for its deal with Master Kong Beverage, a subsidiary of Tingyi, which uses the Master Kong brand for its instant noodles, ...

Shenzhen IPO creates 27-year-old millionaire

Shenzhen Mason Technology, a Guangdong-based LED manufacturer, made its initial public offer last ...
Lenovo founder speaks out on US-China economic competition

Liu Chuanzhi, the founder and former chairman of Chinese PC maker Lenovo, who retired in 2011 but is still active in the business circle as leader of ...
Taiwanese designer shows at London Fashion Week

London-based Taiwanese fashion designer Shao Yen Chen unveiled his 2012 autumn-winter collection Saturday at his first show at London Fashion Week. ...

Taipei exhibition tells the story of paper money

The world's largest, smallest and most beautiful bills are now on display at a paper money ...
Taiwan shows off breakfast food on German TV

A German TV channel has recently led its bread-loving European viewers on journey into the world of a Taiwanese breakfast. In its morning show ...
International strawberry symposium opens in Beijing

The seventh International Strawberry Symposium opened in northern Beijing on Saturday with more than 1,000 agricultural scientists from around the ...

Fission or fusion?

Dear Staff of wantchinatimes: I saw your article about nuclear power. The article is showing a picture with the caption: "China's State Council has ...
Canadian government still denies cruelty to seals

To the Editor: The removal of seal oil products from the shelves of nine Taiwan retailers is good news. Sales of seal oil and pelts in Asia are a ...
Any interesting news about the Climate Change Conference

Hello from Kiribati,I just want to thank your newspaper as its very informative and interesting. Could you include any interesting news about the ...
Why don’t you have a daily newsletter?

Why don’t you have a daily newsletter? RSS is a very old concept. If you want higher readership and higher ad revenues you must implement a daily ...

Taiwan capital gains tax: Not whether, but how

Editorial: The remarks last week by Taiwan's premier, Sean Chen, that he would keep an open mind to levying capital gains taxes triggered a plunge in the local stock market. This underscores how sensitive investors are to income tax related to stocks.In the last two decades, nations around ...

Wan Gang (萬鋼)

As the current minister of science and technology, Wan Gang is the first minister without being a member of Communist Party of China. He is also the ...

Asia-Pacific Indexes	Last Trade	Change
Shanghai SE B Share Index	238.40	+0.38
NIKKEI 225	9549.04	-4.96
Jakarta Composite Index	3979.53	-15.49
KOSPI Index	2004.51	-24.14
Stock Exchange of Thai Index	1138.39	-2
Kuala Lumpur Composite Index	1560.32	-0.2
Shenzhen SE B Index	651.64	+4.69
Philippine SE Index	4947.79	+13.5
HStraits Times Index	2981.47	-14.12

* Unless indicated otherwise, intraday data is at least 30 minutes delayed.