Wu Den-yih News
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Taiwan President Ma Ying-jeou’s fourth premier in five years faces public pressure to boost economic growth and fix a strained pension system.
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Taiwan’s dollar traded near the strongest level in three weeks before a central bank meeting tomorrow at which it is expected to raise borrowing costs.
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Taiwan’s Premier Wu Den-yih has urged the island’s Environmental Protection Administration to plan for the introduction of a cap-and-trade system on greenhouse-gas emissions to help reduce pollution.
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Taiwan will reduce wholesale prices for electricity generated by solar panels, the Commercial Times reported, citing Premier Wu Den-yih. The price cut could be as much as 20 percent, according to the Taipei-based Chinese- language daily, without saying where it got the information.
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Barclays Plc is set to defend itself against Lehman Brothers Holdings Inc. ’s claim that it should pay as much as $11 billion after allegedly making an undisclosed “windfall” on its purchase of bankrupt Lehman’s brokerage.
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Taiwan President Ma Ying-jeou named Wu Den-yih as running mate for his re-election bid, betting the more-popular incumbent premier will help him stave off growing support for the opposition in next year’s election.
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Taiwan’s dollar dropped for a second day on concern the impact of Japan’s nuclear disaster will curb export growth.
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Taiwan may reshuffle its cabinet after reviewing the performance in the past year, the United Daily News reported, citing Premier Wu Den-yih. Any change will take place after the current parliament session ends, the Taipei-based Chinese-language daily said.
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Taiwan’s government may raise civil servants’ salaries if tax revenue continues to increase, the Commercial Times reported, citing Premier Wu Den-yih.
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Taiwan Premier Wu Den-yih will today outline four key policy goals including rejuvenating the economy through flexibility, the official Central News Agency reported, citing a copy of a report he’s scheduled to present to the legislature. The government also aims to strengthen flood- control and landslide prevention, seek a peaceful environment with China, expand foreign relations, and stamp out corruption while building a social safety net, the agency reported.
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