Construction tycoons buy Da-an plot
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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Citibank opens Citigold wealth services branch
By Elizabeth Tchii Citibank Taiwan Ltd (ªáºX¥xÆW) began its integration effort following its acquisition of Bank of Overseas Chinese (BOOC, µØ¹´»È¦æ) by opening its first Citigold Wealth Management center yesterday in Jhongli (¤¤Ãc), Taoyuan County.
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Regulation changes necessary to meet autogas goal: CPC
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, ¥xÆW¤¤ªo) said that deregulation measures will be necessary to achieve the goal.
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Money supply indicators down: central bank
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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Asia Pacific scraps fundraising plan
By Lisa Wang Local telecom operator Asia Pacific Telecom Group (¨È¤Ó¹q«H¶°¹Î) 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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Canadian first nations sign oil MOU with CPC
¡¥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, ¥xÆW¤¤ªo) to jointly explore oil sands in Canada, a Saskatchewan newspaper reported on Thursday.
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Academics question national budget
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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Wall Street dive, oil prices send TAIEX tumbling
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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[BUSINESS BRIEFS]
MOEA touts Japan investors
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