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CAL may buy Boeing and Airbus
Taiwan's leading airline, China Airlines Co (華航) may knuckle under US political pressure and purchase aircraft from Boeing as well as Airbus, a report said yesterday. China Airlines may buy 12 A330-300 aircraft and sign a letter of intent with Boeing for up to eight 747-400, a Chinese-language newspaper said. China Airlines chairman Lee Yun-lin (李雲寧) was quoted by the paper as saying that it was "one of the options being assessed." The airline declined to comment on the report, saying no final decision has been made.

CEOs invited to Shanghai
Executives of leading technology firms on both sides of the Taiwan Strait have been invited by Goldman Sachs & Co to attend the three-day Asia Technology Symposium, which opened yesterday in Shanghai. On the first day of the symposium, the discussions were mainly concentrated on the prospects for Taiwan's chip manufacturing, DRAM, as well as IC design sectors. The IC design sector's developments on both sides of the strait have been a concern of fund managers ever since a recent Goldman Sachs research report indicated that Taiwan's IC design sector can maintain an edge over its mainland counterpart for only three years. After the three-day discussions, the fund managers will visit the manufacturing sites of technological firms in China as well as in Taiwan, as fund managers are observing closely the collaboration and competition between the high-tech industries on both sides. Vietnam seeks oil damages Vietnam is seeking US$17 million in damages from Taiwan's Formosa Plastics Corp (台塑) because of an offshore oil spill last year, the Vietnam Shipping Times reported. The Liberian-registered Formosa One cargo ship collided with a Vietnamese oil tanker last September, tearing a hole in the tanker and causing 750 tons of diesel oil to spill into Ganh Rai Bay, according to the paper. Vietnam is seeking US$12 million in direct damages, US$4 million related to repair expenses and US$983,000 for consulting services, the newspaper said.

Asset conference coming soon
A two-day international conference focusing on improving the nation's financial asset quality will kick off Sept. 16 at the Taipei International Convention Center, according to event organizer, the Taiwan Management Institute (台灣管理學會). Premier Yu Shyi-kun is slated to deliver a speech to welcome some 200 participants, including representatives from business, universities, government officials and trade associations. Hot topics to be discussed include new opportunities in asset securitization in Taiwan, approaches to resolving non-performing loans in Taiwan and modernizing the financial regulatory system. Key speakers will include Morgan Stanley vice chairman Hubert Neiss, Harrison Young, chairman of Asia Deutsche Bank Ag and Karl Jackson, director of the Asian Studies Program of Johns Hopkins University. Local speakers will include Hu Sheng-cheng (胡勝正), minister without portfolio, and Minister of Finance Lee Yung-san (李庸三).

NT dollar down slightly
The New Taiwan dollar yesterday fell against its US counterpart, lowering NT$0.132 to close at NT$34.254 on the Taipei foreign exchange market. The turnover was US$461 million, down from last Thursday's US$473 million. Taiwan's forex market was closed last Friday due to Typhoon Sinlaku. The local currency, which opened at NT$34.210 against the greenback, traded between NT$34.165 and NT$34.254 during the session.

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