EZ News

EZ News 10/23/24


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Good afternoon, I'm _____ with today's episode of EZ News.




Tai-Ex opening

The Tai-Ex opened down 133-points this morning from yesterday's close, at

23,402 on turnover of 6.8-billion N-T.


The market closed marginally lower on Tuesday after rebounding from a heavy

early downturn as Taiwan Semiconductor Manufacturing trimmed (修整, 減少) its

losses in the late in the session.


The main board continued to see interest in artificial intelligence related

stocks such as Hon Hai, while a strong rebound by the financial sector also

lent some support to the broader market.





Premier Claims to Make Concessions to Break Budget Delay

Premier Cho Jung-tai is seeking to break a deadlock in the Legislative Yuan

over the government's general budget for next year.


Speaking during a legislative hearing, Cho said the Cabinet will increase

funding for compensation to Indigenous peoples for a logging ban, as

requested by opposition lawmakers, in a bid to break the standoff.


However, he stressed the "concession" will be a one-off (一次性的)

"exception" and if lawmakers fail to pass the 2025 general budget soon, the

Cabinet could bring the issue to the Constitutional Court.


Legislative Speaker Han Kuo-yu has said a next round of cross-party caucus

talks will take place tomorrow.





Taiwan Railway Corporation to Raise Salaries

And,


The Taiwan Railway Corporation has announced plans to increase employee

salaries.


According to the rail operator, the pay rises will range from 1,800 to 3,140

N-T.


The company says the move will see the basic monthly salary for entry-level

employee rising to 36,140 N-T.


Back pay and overtime compensation will also be adjusted (調整) from the

employee's start date.


The railway corporation says it will also seek to review and increase hazard

pay, salaries for night shift employees and regional allowances.





US Georgial Rejects GOP Bid to Change Election Rules

From the US….


Georgia's Supreme Court has unanimously rejected a bid by Republicans to

reinstate a slew (很多,大量) of new, controversial election rules - two

weeks before election day.


A lower court last week had called the rules "illegal, unconstitutional and

void."


Toni Waterman has the story




Mexico President Announces New Agriculture Plan

Mexico's new president has announced an agriculture plan that could change

the country's food production and distribution.


President Claudia Sheinbaum pledged Tuesday to revive (復原) government

stores and continue efforts to achieve “food sovereignty” to make Mexico

capable of producing all the food it eats.


The pledges run counter to what Mexican food sales look like today when

consumption of most of the old basics has fallen.


Sheinbaum says her policy is mainly focused on increasing bean and corn

production.


The government will also focus on supporting coffee production, but mainly

for instant coffee, which it claims is used by 84% of Mexican households.


The plan will also seek to support cocoa production, but mainly for powdered

baking and hot chocolate, not fine chocolate bars.


That was the I.C.R.T. EZ News, I'm _____.

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EZ NewsBy ICRT News Team