Tue, Apr 01, 2003 - Page 11 News List

Business Briefs


EVA Airways says profit may fall

EVA Airways Corp (長榮航空), the country's second-largest airline, forecast profit will fall 22 percent. Profit is expected to fall to NT$2.04 billion (US$59 million), while sales are predicted to rise 6 percent to NT$68.6 billion in the 12 months to Dec. 31 from a year earlier, the company said in a statement distributed by the Taiwan Stock Exchange. The airline didn't elaborate on the forecasts.

EVA returned to profit of NT$2.6 billion last year, helped by passenger and cargo demand in Asia and a port shutdown in the US, after posting a net loss of NT$3.2 billion the year before.

Intel CEO may cancel trip

The CEO of Intel Corp, the world's leading chipmaker, may postpone a planned trip to Taiwan due to concerns over the virus that causes severe acute respiratory syndrome.

Intel's Craig Barrett was slated to address the spring 2003 Intel Developer Forum in Taipei on April 14 and 15. "The concern is always there," Stanley Huang (黃逸松), Intel's director of marketing and technical services in Taiwan, told the Taipei Times yesterday. "We are evaluating the status of the disease. There has been no confirmation [of Barrett's attendance at the forum] yet."

GIO aims to rate Web sites

Internet portals, Internet service providers along with the government are working on an online content rating system to protect the youth from browsing inappropriate content, a government official said yesterday.

"Just like movies, we plan to rate the content in four categories," said Ho Chi-sen (何吉森), a section chief at the Government Information Office under the Executive Yuan.

The government proposal will request Web sites to post a rating tag on its home pages.

GIO is scheduled to have a public hearing Tuesday discussing details and legal issue about the Internet content rating system.

Chi Mei plans China plant

Chi Mei Optoelectronics Corp (奇美電子), the nation's second largest maker of flat-panel displays, plans to set up an advanced liquid crystal module (LCM) plant in Shanghai, China, a Chinese-language newspaper reported yesterday, citing chairman Hsu Wen-lung (許文龍). Future production from the proposed plant will supply mainly to Greater Shanghai area, Hsu added.

Chi Mei currently have two flat-panel factories in Taiwan and one -- together with its joint venture International Display Technology Inc -- in Japan. The company's third flat-panel factory in Taiwan, using the fifth generation, or 5G, technology is expected to start production in the last quarter of the year.

Hsu said the company hasn't decided whether its planned fourth flat-panel factory will use 6G or 7G technology. "Probably we will [skip the 6G and] jump directly to the 7G technology," Hsu said.

Petroleum prices to stabilize

Despite the war in the Middle East, the state-owned Chinese Petroleum Corp (中油) said yesterday that the price of domestic petroleum will remain unchanged for the time being for the sake of stabilizing domestic oil and commodity prices.

Chinese Petroleum said that the second quarter is traditionally the low season for the crude oil market, but the war in Iraq has caused crude oil prices to shoot to 10-year highs, the company said.

NT dollar rises

The New Taiwan dollar yesterday traded higher against its US counterpart, rising NT$0.042 to close at NT$34.75 on the Taipei foreign exchange market. Turnover was US$287.5 million, compared with last.

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