12.2024 No.412
Leader's Remarks
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GeneralitiesLeading the future of retail Douglas Hsu provided insightful insights on the future development of the retail industry at the Far Eastern Department Stores Manufacturers' Association in 2024, emphasizing the challenges and opportunities of the current business environment and outlining a hopeful blueprint for the attendees.
Cover Story
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GeneralitiesFar Eastern Department Stores uses AI to enable consumers to experience digital convenience Far Eastern Department Stores has proactively grasped the pulse of digital trends and established the "Digital Transformation Office" in 2019, setting up a dedicated unit and professional team to invest in research and application of smart retail. From the analysis of consumer behavior data, they re-examine and adjust existing operations to create new shopping journeys for customers.
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GeneralitiesSOGO uses technology to create peak scenarios for experiential warming In recent years, "digital transformation" has swept across various industries. A pandemic has forced the department store industry, which used to be the strongest in terms of human to human interaction, to accelerate its digital process. The accumulated digital assets have become the key to the post pandemic integration of online and offline, and to vigorously promote the consumer journey.
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GeneralitiesFar Eastern Big City Shopping Malls seeks innovation and change in operations In the face of brand innovation in the department store retail market, consumer patterns and shopping habits are constantly changing. How to continuously transform and optimize digital marketing based on service, meet consumer needs and taste, and construct a diverse and convenient shopping experience has become the key goal of Far Eastern Big City Shopping Malls' development over the years.
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GeneralitiesSmart Retail A.Mart's Digital Transformation Journey In the era of rapid changes in the global retail industry, smart retail has become a key trend for enterprise transformation and upgrading. As a Taiwanese mass trader, A.Mart actively embraces digital transformation, uses data analysis to stimulate consumption, and integrates environmental protection concepts into business strategies, committed to promoting green consumption and energy conservation and carbon reduction.
Group Briefing
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GeneralitiesYuan Ze University leads the 2024 2nd Taiwan EMBA Ironhorse, Sword, and Bike Tour Challenge The Yuan Ze University EMBA Alumni Association will hold the "2024 Second Taiwan EMBA Ironhorse, Sword, and Bike Tour Challenge" from October 19th to 27th, bringing together EMBA members from 15 top universities in Taiwan to challenge themselves and demonstrate their commitment to social responsibility and environmental sustainability.
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GeneralitiesFar Eastern International Bank hosts Wealth Inheritance Trust Forum to welcome the aging society, attracting hundreds of participants Far Eastern International Bank recently held a forum on "Far Eastern International Bank Trust Happiness Learning: Inheriting Love as Expected", inviting experts to discuss how people can effectively use trust tools to inherit wealth and continue family happiness in the context of Taiwan's aging population structure by 2025. The event attracted nearly a hundred participants.
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GeneralitiesThe 2024 ITF Taipei International Travel Fair has come to a successful conclusion. Far Eastern Group's Shangri La and Mega50 restaurants and banquets in Taipei have achieved explosive sales targets The 2024 ITF Taipei International Travel Fair came to a successful conclusion on November 4th. Far Eastern Group Shangri La and Mega50 Catering and Banquet in Taipei jointly launched various catering, housing, fitness and massage coupons, with on-site sales exceeding NTD 26 million, a growth of about 8.3% compared to 2023.
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GeneralitiesAsia Eastern University of Science and Technology collaborates with Guangfu High School and Yingge Business School for mutual benefit and friendship -
GeneralitiesFar Eastern International Bank invited to attend FinTechOn 2024 Virtual Asset Development Forum On November 4th, the Taiwan Fintech Association held the 2024 "Fintech Trends Forum". Far Eastern International Bank was the only local bank in Taiwan invited to attend. Vice President of the Digital Finance Business Group, Dai Songzhi, shared with the audience the opportunities and challenges of developing virtual assets in traditional financial services.
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GeneralitiesFar EasTone Telecommunications' Big Data+AI+IoT 'drives big health and sustainable future The "AI Medical Navigation Forum" will be held on October 17th, Far EasTone Telecommunication showcases how to create a people-oriented digital health service through 5G and "Big Data+AI+IoT". In terms of campus cooperation, by sponsoring the "Micro Forest Project" at Donghai University, various native tree species are planted on campus to implement biodiversity conservation.
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GeneralitiesFar EasTone Telecommunication leads the industry towards sustainable upgrading Far EasTone Telecommunication held its annual supplier conference on November 8th to recognize suppliers who have demonstrated outstanding performance in ESG sustainability, social welfare, and supplier evaluation. Chee Ching President stated that Far EasTone Telecommunication not only strictly requires itself to achieve its carbon reduction goals, but also assists small and medium-sized enterprise partners in transformation and upgrading through a "big to small" approach.
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GeneralitiesFar Eastern New Century Corporation participates in COP29 to share highlights of recycled economy and carbon reduction Associate Professor You Jingying from Far Eastern Group Yuan Ze University was invited to attend the COP 29 conference on November 12-13. She delivered a speech on Far Eastern New Century Corporation's "Recycled Economy Products" and "Carbon Reduction Performance", and exhibited marine recycling environmentally friendly blast resistant jerseys and 100% recycled polyester sports shoes, which received enthusiastic response.
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GeneralitiesFar EasTone Telecommunication and Chiahui Power Corporation collaborate to pioneer 5G/AI tower inspection Chiahui Power Corporation announced on October 30th that it has partnered with Far EasTone Telecommunication to introduce an unmanned aerial vehicle (UAV) automatic inspection solution based on 5G private network combined with AI technology, which will be applied to the inspection of transmission and distribution lines in high-voltage power towers. This not only improves inspection speed and accuracy, but also reduces personnel operation risks, and the process does not require power outages.
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GeneralitiesAsia Eastern University of Science and Technology celebrates its 56th anniversary of founding On October 20th, Asia Eastern University of Science and Technology held its 56th anniversary celebration ceremony and alumni conference, Distinguished guests such as Far Eastern Group Douglas Hsu, Far Eastern Memorial Hospital Dr. Chiu, President Kuanming, and Yuan Ze University President Liao Qingrong all attended the grand event.
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CharityFE SOGO Department stores bring love to children's dreams for 33 years The FE SOGO Department stores' "SO GOOD Good Children's Christmas Wishes" event has entered its 33rd year and will once again appear in FE SOGO Department stores across Taiwan in 2024, collecting wishes from nearly 1200 students. Colleagues and consumers are invited to subscribe to wishes and give gifts. Please feel free to contact all stores to join the event.
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CharityYuan Ze University uses bread to spread warmth, fight against drugs and fraud, and build a healthy campus The Yuan Ze University Bread Festival will be held on October 23rd, and for every bread sold, NTD5 will be donated to World Vision, selling nearly 2500 breads in total. At the same time, in order to prevent drug invasion on campus, Yuan Ze University also jointly organized the "Youth Secret Time" anti drug and anti fraud propaganda activity with the Youth Affairs Bureau of Taoyuan City.
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CharityFE SOGO Department stores promote low-carbon travel and healthy green living FE SOGO Department stores in Zhongli will hold the "Step by Step Healthy Green Life~Online Check in Activity" from September 26th to October 13th. App members are invited to participate in the online walking challenge. Those who sign in continuously for five days and complete the walking task will receive "Maria Social Welfare Foundation Happy Socks" made by Baote Bottle.
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CharityFar Eastern Department Stores, Big City Far Eastern Big City Shopping Malls Enjoy Charity Love Without Limits Taichung City Far Eastern Department Stores teamed up with Taichung City College for the Performing Arts to hold the "Trick or Treat! Halloween Charity Parade" event. The Taoyuan store also showcased handmade crafts and donated the proceeds to The Garden of Hope Foundation. Big City Far Eastern Big City Shopping Malls showcases the creations of artists and students, dedicating themselves wholeheartedly to slow flying children.
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CharityFE SOGO Department stores charity sale, packing food boxes to give away love On October 12th, FE SOGO Department stores in Zhongli collaborated with The Garden of Hope Foundation to hold the "Embrace Xinsheng The Garden of Hope Foundation Charity Sale" event to assist abused women and children in starting a new life. The Hsinchu Branch Volunteer Society went to the Andrew Charity Association and worked together to package 150 boxes of food and supplies to bring warmth to disadvantaged families and groups.
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CharityFar Eastern Department Stores' Sustainable Relay to Protect Our Homeland Tainan Far Eastern Department Stores responded to International Beach Cleaning Day by calling on colleagues to participate in beach cleaning activities. On the other hand, Banqiao Far Eastern Department Stores and Hsinchu Far Eastern Department Stores held "Environmental Education Award Ceremony and Exhibition Activities", launched old clothing recycling and DIY activities, and devoted themselves to the sustainable development of the earth.
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CharityBanqiao Far Eastern Department Stores and Hsinchu Far Eastern Department Stores celebrate their anniversary with dancing vitality On October 14th, Banqiao Far Eastern Department Stores invited the Asia Eastern University of Science and Technology Dance Club to bring an opening performance for this year's anniversary celebration, The Yu Chang Technical Commercial Vocational High School ceremonial team was also invited to perform in programs such as the Eight Step Throwing and Thousand Hand Kuanyin. Coincidentally, Far Eastern Department Stores in Hsinchu invited students from the Salvation Corps to perform a dance on October 12th, wishing them a long and successful career.
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CharityOriental Securities Corporation supports toy library and connects Banqiao Far Eastern Department Stores with Microsoft to hold blood donation charity event On October 1st, Oriental Securities Corporation teamed up with Banqiao Far Eastern Department Stores and Microsoft Taiwan to launch a blood donation campaign, raising a total of 25750cc of blood and spreading the energy of happiness. In addition, second-hand toys were donated to the Taiwan Toy Library Association, and on October 19th, the supervisors assisted in reorganizing the toys and shared anti fraud concepts.
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CharityFE SOGO Department Stores Homecooked Cuisine Finals Responds to Green Living FE SOGO Department stores held the "FE SOGO Department stores Hometown Cuisine Competition" this year, with the theme of "Rishan Caspian Sea, Hometown Ten Year Flavor". Participants were invited to choose seasonal local ingredients, respond to the "Clean Green Life", present local customs and connect with hometown memories, convey the taste of love, and attract a total of 168 teams to register.
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CharityFar EasTone Telecommunication donates 100 sets of '5G remote diagnosis and treatment in home emergency care solutions' to assist primary healthcare institutions Far EasTone Telecommunication responded to the Central Health Insurance Agency's "Pilot Program for Home Emergency Care" and held a press conference on November 19th to announce the implementation of "National Health Home Emergency Care and Public Welfare Donation". They donated 100 sets of "5G Remote Diagnosis and Treatment Home Emergency Care Solutions" to the four major medical associations, injecting technological capabilities into primary healthcare.
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CharityFar Eastern Group once again sponsors the brilliant opening of Happy Christmas City On November 15th, 2024, the "Magical Christmas Opening Night" at the Happy Christmas City in New Taipei made a brilliant appearance. The main sponsor, Far Eastern Group, represented by Far Eastern Department Stores Nancy Hsu President, held a lighting ceremony with New Taipei Mayor Hou You yi and other VIPs. Welcome everyone to join in the grand event.
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CharityThe 16th Far Eastern Department Stores shoe donation charity event in Tainan has started From October 31 to November 24, Tainan Far Eastern Department Stores held the 16th "Run! Let's Run Forward" charity shoe raising activity. The goal was to raise 300 pairs of sports shoes, which were donated to children of rural areas elementary schools in Tainan City and Hualien County as Christmas gifts on the Christmas public welfare lighting day on December 3.
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CharityFar Eastern New Century Corporation's classic marathon sustainable 'benefit' starts On October 19th, 2024, the Far Eastern Group Friendship Conference and Far Eastern New Century Corporation Classic Marathon Event was held at Far Eastern New Century Corporation Xinpu Chemical Fiber Factory. Multiple affiliated enterprises formed teams to participate in the competition and exchange ideas. The conference also invited runners from all over the world to run together for public welfare.
Honor and Personnel Change
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Personnel ChangePersonnel changes in senior executives at Far Eastern New Century Corporation Senior management personnel changes at Far Eastern New Century Corporation: Chen Yuehua, Qiu Jinying, Huang Wenyang
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HonorFE SOGO Department stores awarded the 2024 Intersection Monument Star FE SOGO Department stores have demonstrated outstanding performance in the field of smart retail, and have partnered with counter partners to save energy, demonstrating their commitment to environmental protection and social responsibility. They have been awarded the "2024 Internet Intersection Star - Department Store Retail Category - Leading Innovation Award" by the well-known online platform "Internet Temperature Gauge".
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HonorTwo years ahead of schedule, Green Asia Cement Corporation has achieved carbon reduction "silver" On October 29th, Asia Cement Corporation was awarded the "Net Zero Label" certification by the Taiwan Net Zero Action Alliance for the third time, and has risen from "Green" to "Silver". Its subsidiary Ya Tung Ready Mixed Concrete Corporation has also upgraded and obtained the "Bronze Label" certification, demonstrating Asia Cement Corporation's efforts in investing in net zero carbon emissions and renewable energy.
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HonorYa Tung Ready Mixed Concrete Corporation uses AI for digital transformation to transform traditional manufacturing The "2024 4th Digital Transformation Awards" ceremony will be held on October 1st, Ya Tung Ready Mixed Concrete Corporation is committed to promoting AI automation and digital transformation solutions. Not only did it win the "Model Award for Best Enterprise Manufacturing Pioneer of the Year", but President Kim Chong ren also received the "Large Institution Digital Transformation Leader Award".
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HonorFar Eastern Memorial Hospital wins the first "Sustainable Hospital Award" in New Taipei City On November 10th, the New Taipei City Health Bureau announced the winners of the 12th Medical Public Welfare Award, Far Eastern Memorial Hospital not only won one "Medical Education Research Award", two "Medical Contribution Awards", and two "Medical Service Contribution Awards", but also received the newly added "Sustainable Hospital Award" at this year's event, demonstrating its impressive achievements in medical services.
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HonorFar Eastern Big City Shopping Malls won the Ministry of Finance's 2024 Outstanding Business Person Award, ranking first in the utilization rate of cloud invoices in the National Taiwan University retail industry On October 15th, Big City Far Eastern Big City Shopping Malls was approved by the Ministry of Finance as a "2024 Outstanding Business Operator for Electronic Invoice Use", becoming the third outstanding business operator in the jurisdiction of the Northern District National Taxation Bureau to receive this award. It is also the enterprise with the highest usage rate of cloud invoices in the national Taiwan University retail industry.
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HonorFar Eastern Department Stores in Kaohsiung wins the 2024 Happy Enterprise Award On September 26th, the Labor Bureau of Kaohsiung City Government held the "Small Labor, Prosperity, Enterprise Warmth, Heart City" Happiness Enterprise Award Ceremony. Far Eastern Department Stores in Kaohsiung won the "Large Enterprise Group - Happiness Enterprise Award" for the first time.
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HonorFar Eastern Group wins 33 sustainability awards, ranks first among all groups in Taiwan Far Eastern Group shone brightly at the "Global Corporate Sustainability Forum and Joint Awards Ceremony" held on November 20th, winning a total of 33 awards including TCSA Taiwan Corporate Sustainability Award and GCSA Global Corporate Sustainability Awards, ranking first among all groups in Taiwan in terms of the number of awards received, demonstrating its outstanding performance in ESG.
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HonorFar Eastern Group wins 7 gold and 5 silver awards at the 2024 Happy Enterprise Awards On November 11th, 1111 Job Bank held the 2024 "Happy Enterprise" award ceremony. Far Eastern Group's subsidiaries, Far Eastern New Century Corporation, Asia Cement Corporation, Far Eastern International Bank, Far EaseTone Telecommunications, Far Eastern Electronic Toll Collection, Far Eastern Group Shangri La in Taipei/Tainan, U-Ming Marine Transport, Far Eastern Memorial Hospital Received a total of 12 awards.
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HonorFar Eastern Memorial Hospital receives seven quality certifications from the Medical Council The Medical Council held the "2024 Quality Certification Ceremony" on November 13th, Far Eastern Memorial Hospital has received seven quality certifications, covering health checkups, coronary artery disease, heart failure, dementia, joint replacement, pain care, and asthma care.
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HonorFar Eastern New Century Wins 2024 UK “Adam Smith Award for Best Sustainable Treasury Solution” Again, Pioneering Corporate Sustainable Finance The renowned financial magazine, Treasury Today, recently announced the winners of the 2024 Adam Smith Awards Asia. Far Eastern New Century (FENC) has once again stood out among entries from various countries and industries, winning the “Best Sustainable Treasury Solution” award. FENC is the only Taiwanese company to receive this award, showcasing its leadership in corporate sustainable finance innovation and advocacy.
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HonorFar Eastern Group Douglas Hsu awarded honorary doctorate from Tamkang University On November 2nd, Tamkang University held its 74th anniversary celebration ceremony. President Ge Huanzhao awarded an honorary doctoral degree to Far Eastern Group Douglas Hsu, and the management teams of the group's top 10 listed (OTC) companies also participated in the event. The award ceremony was simultaneously broadcasted online, inviting the public to witness it together.
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HonorFar Eastern International Bank and Oriental Petrochemical (Taiwan) Green Materials have won the National Brand E.SUN BANK Award for their continuous innovation in brand image The 21st National Brand E.SUN BANK Awards Ceremony was held on October 22nd, and Far Eastern International Bank won three awards including "Best Product Award", "Best Popular Brand Award", and "Outstanding Enterprise Award". Oriental Petrochemical (Taiwan) Green Materials also received recognition from the "Outstanding Enterprise Award".
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HonorThe 22nd Y.Z. Hsu Scientific Award Ceremony recognizes 28 outstanding researchers The 22nd Y.Z. Hsu Scientific Award Ceremony was held on September 17th, with representatives from organizations such as the National Science Council and the National Education Agency, as well as relatives and friends of the winners, attending to share the honor and joy of the 28 winners. The foundation also specially invited Academician Sinica Lin Liqiong to give a speech.
Welfare
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GeneralitiesFar Eastern Group Shangri La in Taipei celebrates its 30th anniversary by winning the title of "Best Business Hotel in Taipei" and launching a trio housing project for its beloved guests Far Eastern Group Shangri La in Taipei celebrates its 30th anniversary on December 17th and has won the "Best Business Hotel in Taipei" award from Business Traveller Asia Pacific for the 8th consecutive year, launching three housing projects called "30th Anniversary Surprise Trio". Booking hotline: (02) 2376-3266.
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GeneralitiesHAPPY GO launches three arrows at once to celebrate its 20th anniversary, offering millions of points and launching a new "membership grading system" for pet cardholders HAPPY GO Ding&Ding Management Consultants held a "Thank You for HAPPY GO 20th Anniversary" party on October 25th, announcing the launch of the "20th Anniversary Ubiquitous Redemption Maximum" activity from now until December 31st. They also planned a "membership grading system" to allow members of different levels to enjoy discounts.
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GeneralitiesFar Eastern International Bank celebrates its sixth anniversary with multiple discounts on Taiwanese and foreign currency accounts Far Eastern International Bank Bankee offers a diverse range of discounted options for both active and fixed deposits in Taiwan dollars. As it celebrates its sixth anniversary, the bank will launch a special "First Foreign Currency Transaction Gift" and "Year End Lottery Bonus" from now until January 31, 2025.
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GeneralitiesNew Taipei Happy Christmas City must eat first choice "50th floor Caf é buffet" The "New Taipei Happy Christmas City" will light up on November 15th, and the "50th Floor Caf é Buffet Restaurant" will be launched from now until January 1st, 2025, in conjunction with the Christmas City, to invite the public to enjoy delicious food and beautiful scenery. By using Far Eastern International Bank credit card, you can enjoy a daily 20% discount. Please feel free to make more use of it.
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GeneralitiesFE SOGO Department stores anniversary celebration with Sanrio family The annual finale shopping event "FE SOGO Department stores 37th Anniversary Celebration" will be held from now until November 18th. Far Eastern Group's Douglas Hsu warmly stepped forward on November 4th and, together with Sophia C.W. Huang Chairman, led the staff to cheer and promote the event.
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GeneralitiesFar Eastern International Bank launches short-term Taiwan dollar high interest fixed deposit with a 4-month term of 1.66% Far Eastern International Bank Bankee Community Bank is launching a "New Taiwan Dollar 4-month 1.66% High Interest Fixed Deposit Plan" from today until December 31st. It has three major advantages: high flexibility, a minimum deposit of NT $10000 per transaction, and easy application through the app. Customers with Bankee digital deposit accounts can apply for it.
Office Talk
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Management TipsNew credit card battle assists in upgrading retail experience In recent years, with the tightening of budget control by financial institutions, credit card rewards have gradually shifted from cash refunds to more flexible point rewards. This article will analyze the benefits and changes in consumer behavior brought about by the transformation of credit card strategies from the perspective of consumers, and further explore the service potential of credit cards in the retail field.
Hot Topic
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GeneralitiesFar Eastern starts speaking: Let's exercise together! With the rise of health awareness in recent years, more and more people are joining the ranks of sports and fitness. Do you also want to join the 'Active Generation'? Come and take a look at the fitness tips of athletes both at home and abroad!
Life Guide
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Fashion ColumnRetro mix and match trendy 2024 autumn and winter shoes, love jumping tone The popular shoe styles for autumn and winter this year are strongly tone jumping, ballet shoes boldly play with colors to add personality, and sneakers combine retro suede and pendants to create a sense of autumn atmosphere. A fashionable and stylish pair of shoes can greatly enhance overall dressing. Follow this issue of "Fashion Column" to learn the secret to choosing shoes.
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Computer Science ColumnThe hidden security concerns under the frenzy of ticket grabbing The year 2024 is not yet over, and the concert activities in 2025 have already ignited the passion of fans. However, while competing for tickets, potential security risks also arise. This issue of 'Information Network' will take you to understand the dangers and avoid accidentally falling into traps.
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Gourmet ColumnColorful Christmas party Dim sum The familiar music of "snowflakes drifting in the wind, deer running, Santa Claus..." represents that Christmas is coming soon, and it is a good time for family and friends to gather together. This issue of "Gourmet Column" introduces two kinds of party Dim sum suitable for sharing in the cold winter. We hope you can have a try and spend a warm moment together!
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Health ColumnHome sleep check and video consultation help you sleep well Did you sleep well? For people with long-term insomnia, medication treatment is certainly one of the options, but identifying the cause of insomnia is the key to solving the problem. In this issue of 'Health Column', we will introduce two new tools - home sleep monitoring and remote video conferencing, which can accurately grasp an individual's sleep health status.
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Finance ColumnGive yourself a big gift, make good use of year-end bonuses, plan to buy insurance For most people, year-end bonuses are not only a recognition of their past year's work, but also a rare opportunity for financial planning. How to ensure the safe appreciation of this fund and further provide security for the future is a thought-provoking issue. This issue of 'Finance Column' introduces various insurance and wealth management tools, providing investment references.
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Legal Column-TWEncourage middle-aged and elderly employment subsidies to be viewed once With the extension of life expectancy, Taiwanese society is gradually moving towards an aging population. Taking into account the labor potential of the elderly population, the government has successively promulgated the "Employment Promotion Law for Middle aged and Elderly People" and supporting plans, hoping to assist them in facing the new stage of life with peace of mind.
Editor
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Generalities2025 Far Eastern Magazine invites submissions for train launch Despite facing challenges such as stricter ESG regulations and explosive growth of AI technology, Far Eastern, which is spread across the country, continues to work with unparalleled resilience to create more opportunities and appearances. In the new year, we will continue to move towards the goal of "transmitting the pulse of the industry, integrating group resources, and providing colleagues with comprehensive information"!
