People commute on an electric bicycle in Taipei on March 26, 2018. [Photo/VCG] TAIPEI - Taiwan's average regular wage rose 1.86 percent year on year to NT$41,187 (about $1,340) in February, slowing from an increase of 2.36 percent seen in January, latest labor data showed. The slowdown also snapped a 14-month rising streak above 2 percent, according to the statistical authority, which attributed the slowdown to a higher comparing base last year. For the first two months of this year, the average regular wage rose 2.09 percent from a year earlier to 41,442 new Taiwan dollars. Taiwan's slowing economy has put the job market under pressure, particularly on the number of workforce employed and overtime work hours. The number of workforce employed by the industrial and service sectors fell by 0.27 percent from January to 7.92 million at the end of February, according to the data. custom-silicon-wristbands
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MANILA - The finance ministers and central bank governors of China, Japan and South Korea stressed on Friday the need to resist "all forms of protectionism" and agreed to ensure "an open and run-based multilateral trade and investment system."The three Northeast Asian countries met on the sideline of the 51st annual meeting of the Asian Development Bank (ADB) in the Philippine capital to discuss current economic developments and potential risk in financial markets and underlying economic conditions.In a joint statement issued at the end of the trilateral meeting, the finance leaders said they "remain vigilant against downside risks that may threaten the recovery in the global economy.""We noted the risks posed by rising trade protectionism, faster-than-expected tightening in global financial conditions, and uncertainty of geopolitical tensions," the statement read.The top finance officials further stressed the importance of resisting all forms of protectionism, ensuring an open and rule-based multilateral trade and investment system, and strengthening resilience against external shocks, and agree to further enhance communication and coordination among China, Japan and South Korea.The ministers also welcomed the Panmunjeom Declaration agreed between the leaders of South Korea and the Democratic People's Republic of Korea on April 27, adding they look forward to further progress in easing geopolitical tension in the region.The trilateral finance ministers and central bank governors' meeting serves as an effective platform for enhanced policy dialogue and coordination. The finance leaders decided to meet again in Nadi, Fiji in May 2019.
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