EVERYONE WINS: Market analysts said the sale of the 1,180-ping plot of land would benefit both the seller and buyers, while helping boost the sagging property market
By Crystal Hsu
Two construction tycoons yesterday jointly won the bidding for a large piece of land in downtown Taipei, injecting a dose of confidence into the property market, which saw sluggish trading in the first half of the year.

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By Elizabeth Tchii
Citibank Taiwan Ltd (花旗台灣) began its integration effort following its acquisition of Bank of Overseas Chinese (BOOC, 華僑銀行) by opening its first Citigold Wealth Management center yesterday in Jhongli (中壢), Taoyuan County.

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By Jerry Lin
In response to the Cabinet’s announcement yesterday that all taxis countrywide should run on liquefied petroleum gas (LPG), or autogas, within four years, the state-owned oil refiner CPC Corp, Taiwan (CPC, 台灣中油) said that deregulation measures will be necessary to achieve the goal.

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UP AHEAD: As one measure of monetary aggregates showed the worst growth in seven years, the bank might avoid aggressive rate hikes in September, analysts said
By Kevin Chen
Growth of the nation’s money supply was slower last month than the previous month, reflecting a weaker stock market and the continuing outflow of net foreign capital, the central bank said in a statement released yesterday.

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By Lisa Wang
Local telecom operator Asia Pacific Telecom Group (亞太電信集團) yesterday said its board had scrapped plans for NT$20 billion (US$658 million) in new share sales because of its improving financial situation.

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‘WIN-WIN SITUATION’: After visiting, a Saskatchewan chief said it was time the group began seeking business opportunities overseas, opening up the region’s oil sands
The five first nations in the Canadian province of Saskatchewan are looking forward to the implementation of an agreement they sealed with state-owned oil refiner CPC Corp, Taiwan (CPC, 台灣中油) to jointly explore oil sands in Canada, a Saskatchewan newspaper reported on Thursday.

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Tax reform should be directed at encouraging social justice at a time when the wealth gap is widening in Taiwanese society, academics and social activists said at a seminar yesterday.

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Taiwanese shares closed down 1.82 percent yesterday after a Wall Street dive overnight and an oil price rebound, dealers said.

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MOEA touts Japan investors
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