Taipei, April 22 (CNA) Taiwan's top financial regulatory body on Thursday imposed fines totaling NT$13.5 million (US$475,687) on three asset management firms over their employees' involvement in financial irregularities.
Publicly traded firms’ pretax profit increases 21.04%
By Kao Shih-ching / Staff reporter
The COVID-19 pandemic did not cast a shadow over the nation’s 1,736 publicly traded companies, with their combined pretax profit rising 21.04 percent from a year earlier to a record NT$3.11 trillion (US$109.18 billion) last year, as firms in the technology sector benefited from new businesses, the Financial Supervisory Commission said yesterday.
That followed an annual decline of 9.84 percent in pretax profit from NT$2.84 trillion in 2018 to NT$2.56 trillion in 2019, commission data showed.
All TWSE-listed companies, except for KY stocks, saw their overall revenue increase 1.08 percent year-on-year to NT$32.26 trillion and their combined pretax profit expand 21.7 percent to NT$2.8 trillion, the data showed.
FSC looking into ways to monitor Clubhouse
By Kao Shih-ching / Staff reporter
The Financial Supervisory Commission (FSC) is looking into ways to monitor suspected stock market manipulation on Clubhouse, an audio-centered, invite-only social media platform, commission chairman Thomas Huang (黃天牧) said yesterday.
The emergence of the new social network “may pose a challenge to our regulations,” Huang told a meeting of the Legislative Yuan’s Finance Committee in Taipei.
Chinese Nationalist Party (KMT) Legislator Lee Guei-min (李貴敏) raised doubts over the FSC’s ability to spot suspected scams on Clubhouse.
Financial Supervisory Commission Chairman Thomas Huang attends a meeting of the Legislative Yuan’s Finance Committee in Taipei yesterday. Huang said the commission is looking into ways to monitor suspected stock market manipulation on Clubhouse, a social audio app.
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