By: Tsai Yi-chu and Christie Chen
Taipei, June 28 (CNA) State-owned Taiwan Power Company (Taipower) has, for the first time in 34 years,
fallen out of the top 10 Taiwanese companies in a survey that ranks the top 5,000 local enterprises by revenue in 2016.
It is the first time Taipower failed to make it into the top 10 since the annual survey began ranking state-owned and privately-owned firms together in 1982. Taipower ranked ninth in the survey last year.
Formosa Petrochemical Corp., a privately-owned gasoline supplier that was eighth last year, dropped out from the top 10 for the first time in 12 years, according to the survey released by Taiwan’s China Credit Information Service, Ltd. (CCIS).
New to the top 10 list are Nan Shan Life Insurance Co. and Fubon Life Insurance Co., in eighth and tenth place, respectively. [FULL STORY]