EZ News 09/18/23

Good afternoon, I'm _____ with today's episode of EZ News. **Tai-Ex opening ** The Tai-Ex opened down 26-points this morning from Friday's close, at 16,893 on turnover of 3.3-billion N-T. The local main board traded higher on Friday, as other regional markets moved into positive territory, after China's central bank eased the reserve requirements for banks and chip designer Arm Holdings' I-P-O on the Nasdaq boosted investor optimism. **Electricity Price Freeze Expected to End for 880 businesses ** The Ministry of Economic Affairs' electricity price review committee is expected to end a freeze on electricity rates for over 800 businesses. Tai-Power says the freeze is likely to be ended during a meeting of the price review committee later today. The economics ministry raised power prices for industrial consumers by 15-per cent in July last year and by 17-per cent in April of this year. However, the ministry did not increase rates for businesses in the cinema, gym, department store, and catering (餐飲業、酒席承辦) and restaurant sectors, due to the impact of the coronavirus pandemic on domestic demand. **MOEA Set to Budget NT$800 million to Develop Advanced IC Processes ** The Ministry of Economic Affairs is set to budget around 800-million N-T to subsidize smaller domestic I-C designers in the development of processes below 28 nanometers. The amount constitutes (構成) part of the 5.2-billion N-T the ministry is set to receive next year as part of a semiconductor industry innovation project proposed by the National Science and Technology Council. The Industrial Development Bureau says the funding aims to help domestic smaller I-C designers develop advanced I-C processes due to expected competition from China. **NY Thousands Take Part in Climate March ** Thousands of people took to the streets of New York on Sunday demanding an end to the use of fossil fuels (化石燃料) and for the U.S. to show greater leadership in the fight against climate change. Jody Jacobs reports from New York. < [CLIP] Slug: > **UN to List Jericho as World Heritage Site in Palestine ** A U.N. committee has voted to list prehistoric ruins near the ancient West Bank city of Jericho as a World Heritage Site in Palestine. The decision Sunday angered Israel, which controls the territory and does not recognize a Palestinian state. Jericho is one of the oldest continually inhabited (有人居住的) cities on earth, and is in a part of the Israeli-occupied West Bank that is administered by the internationally recognized Palestinian Authority. The listing refers to the Tell es-Sultan archaeological site nearby, which contains prehistoric ruins dating back to the ninth millennium B.C. and is outside the ancient city itself. The decision was made by the U.N. World Heritage Committee meeting in Riyadh, Saudi Arabia. That was the I.C.R.T. news, Check in again tomorrow for our simplified version of the news, uploaded every day in the afternoon. Enjoy the rest of your day, I'm _____. -- Hosting provided by SoundOn