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Land Bank cautious on growth outlook this year
By Crystal Hsu
Land Bank of Taiwan (土地銀行), the nation’s largest property lender, is cautious about its growth outlook this year, having seen only one major land financing application so far this year, bank chairman Wang Yao-shing (王耀興) said yesterday. The state-owned bank aims to step up its corporateFULL STORY
Dragonair recruits from Taiwan for first time
About 3,000 hopefuls will be interviewed over the course of three days as Dragonair, an international airline based in Hong Kong, looks to fill 50 flight attendant positions, the carrier said in Taipei yesterday, the first day of interviewing. Hong Kong Dragon Airlines Ltd (港龍航空),FULL STORY
EVA hopes for approval to fly via China airspace
By Amy Su
EVA Airways Corp (EVA, 長榮航空), the nation’s second-largest air carrier, has high hopes of getting permission this year to fly through China’s airspace to help save fuel costs, although there are still some hurdles to overcome, a company official said yesterday. The air carrier is alsoFULL STORY
Foxconn cancels bond sale over Europe debt crisis
Foxconn Technology Co (鴻準), a maker of metal casings for Apple Inc, canceled a plan to sell as much as NT$8 billion (US$271 million) in convertible bonds, citing the effect of Europe’s debt crisis on debt markets. The application to the financial regulator to sell theFULL STORY
EnTie shares rise amid Longreach sale rumors
By Crystal Hsu
Shares of EnTie Commercial Bank (安泰銀行) rose by the daily limit to NT$16.50 yesterday on reports its major foreign shareholder, Longreach Group, plans to sell its stake by the end of this year. The Australian private equity fund holds a 58 percent stake in EnTie Bank,FULL STORY
Chinese city seizes Apple iPads over name dispute
Authorities yesterday seized Apple iPads from retailers in Shijiazhuang, Hebei Province, the result of a dispute between Apple and Shenzhen Proview Technology (深圳唯冠). The Chinese company says that it owns the iPad name and is asking for similar action in other cities, an official said. TheFULL STORY
U-Ming orders vessels from China
By Kevin Chen
U-Ming Marine Transport Corp (裕民航運), a member of the Far Eastern Group (遠東集團), yesterday placed an order with Shanghai Waigaoqiao Shipbuilding Co (上海外高橋造船) to build 10 capesize vessels, the company said in a stock exchange statement. Taipei-based U-Ming Marine’s business mainly focuses on shipping bulk rawFULL STORY
HK economy could contract on weak exports: John Tsang
Hong Kong’s economy could shrink this quarter if exports fail to improve amid faltering global growth, Hong Kong Financial Secretary John Tsang (曾俊華) said. “I see a difficult year ahead for the global economy,” Tsang said in a transcript of a radio broadcast, posted on aFULL STORY
[ BUSINESS BRIEFS ]
TAIEX trending up The inflow of foreign capital helped Taiwan’s benchmark index push back above the 7,900-point level yesterday, continuing its upward trend since the end of the Lunar New Year holiday period late last month. The TAIEX opened slightly higher, but moved to the day’s lowFULL STORY
Japan’s economy shrinks 2.3% in Q4
Japan’s economy shrank 2.3 percent in the fourth quarter last year as manufacturers were battered by the strong yen, weak export demand amid the European debt crisis and flooding in Thailand. A drop in public investment during the quarter, largely because of political bickering delaying parliamentaryFULL STORY
EU open to talks, but won’t scrap carbon tax policy
Europe is willing to discuss its new carbon emissions tax for airlines with disgruntled governments, but has no plans to scrap the levy, a top EU official said yesterday. “We’re ready to negotiate within our framework,” Siim Kallas, European Commission vice president and transport commissioner, saidFULL STORY
Wen Jiabao says China to ‘adjust and fine-tune’ its economic policy this year
Chinese Premier Wen Jiabao (溫家寶) said Beijing would “fine-tune” its economic policy this year, state media reported, raising hopes of monetary loosening as the world’s second-largest economy slows. China’s economy expanded by an annual 9.2 percent last year, narrowing from 10.4 percent in 2010, and isFULL STORY
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