Real estate market is strong
Taiwan's housing market remains strong ahead of Saturday's presidential election, as consumers are willing to spend on new apartments due to a healthy economic outlook, according to a report released by Sinyi Real Estate Inc (信義房屋) yesterday. "Elections usually rock the local property market. The closer the race is, the bigger the impact will be. But, the rule is totally inapplicable to the situation now," the nation's largest housing agent said.
Judge favors local CD makers
An US administrative law judge at the International Trade Commission maintained a ruling over the weekend on a compact-disc patent-protection lawsuit filed by Royal Philips Electronics NV against two makers of recordable compact discs -- Princo Corp (巨擘科技) and Gigastorage Corp (國碩科技) -- saying that Philips cannot enforce patents on how to make blank CDs for writing or recording. The two companies on average supply a global market worth US$1 billion a year. With the ruling, Princo and Gigastorage have more bargaining chips to lower royalties, which is currently US$0.045 per disk when exporting to the US. The ruling may also help Gigastorage's earnings per share reach NT$3 this year.
NT dollar gains
The New Taiwan dollar moved up against its US counterpart, advancing NT$0.045 to close at NT$33.427 on the Taipei foreign exchange market. Turnover was US$569 million.