Taipei - Dutch insurer Aegon NV is to sell its Taiwanese life insurance unit to local investors to boost its cash flow, local media reported Thursday.
Aegon said in a statement that it had agreed to transfer its local business to Taipei-based consortium Zhongwei Co for 84.5 million dollars, the Taipei Times reported.
The deal is expected to be completed by the end of third quarter, pending regulatory approval, the company said.
Taipei - Taiwan President Ma Ying-jeou on Wednesday urged the United States to sell more modern weapons systems to Taiwan to maintain the military balance across the Taiwan Strait.
Ma made the call during a video conference with US academics to commemorate the 30th anniversary of Washington's signing the Taiwan Relations Act (TRA).
Taipei - Taiwan's jobless rate rose to a record high of 5.81 per cent in March as it increased for the 15th-consecutive month while sharply reduced global demand battered the local manufacturing industry, a government agency said Wednesday.
About 630,000 people were classified as out of work, 6,000 more than in February, the Directorate General of Budget, Accounting and Statistics said in a statement.
Taipei - The Taiwan High Court has ordered an insurance company to pay out an accidental-death policy on a man whose family claimed he was scared to death by a burglar, a newspaper reported Wednesday.
The Apple Daily said that the Taiwan High Court ruled Tuesday in the first case of its kind that the Cathay Life Insurance Co Ltd must pay 1 million Taiwan dollars (290,000 US dollars) to the family of Pan Hsu-ming, who died of apparently fright three years ago.
Taipei - A Taiwan man was charged with murder Tuesday for throwing his 10-month-old daughter into a pot of boiling water.
Prosecutor Chang Hui-chiung filed the charges against Huang Ling-chi, 48, from Changhwa County, western Taiwan, after Huang's daughter died Tuesday following three days' treatment. If convicted, Huang could face a ten-year sentence to the death penalty.
Taipei - Gambian President Yayah A. J. J. Jammeh arrived in Taiwan Monday for a four-day visit to boost diplomatic ties between Gambia and Taiwan.
During the visit, Jammeh will meet with President Ma Ying-jeou to discuss international affairs and issues of common interest, the Foreign Ministry said.
Taipei - Dutch insurer Aegon NV is to sell its Taiwanese life insurance unit to local investors to boost its cash flow, local media reported Thursday.
Taipei - Taiwan President Ma Ying-jeou on Wednesday urged the United States to sell more modern weapons systems to Taiwan to maintain the military balance across the Taiwan Strait.
Taipei - Taiwan's jobless rate rose to a record high of 5.81 per cent in March as it increased for the 15th-consecutive month while sharply reduced global demand battered the local manufacturing industry, a government agency said Wednesday.
Taipei - The Taiwan High Court has ordered an insurance company to pay out an accidental-death policy on a man whose family claimed he was scared to death by a burglar, a newspaper reported Wednesday.
Taipei - A Taiwan man was charged with murder Tuesday for throwing his 10-month-old daughter into a pot of boiling water.
Taipei - Gambian President Yayah A. J. J. Jammeh arrived in Taiwan Monday for a four-day visit to boost diplomatic ties between Gambia and Taiwan.
