Tue, Oct 12, 2004 - Page 11 News List

Business Briefs

STAFF WRITER WITH AGENCIES

■ ABN Amro bids for CIH

ABN Amro Bank NV offered more than NT$15 billion (US$443 million) for assets held by Central Investment Holding Co (中央投資), a holding company of the Chinese Nationalist Party (KMT), a Chinese-language business daily reported without saying where it obtained the information. The assets include shares of Fuhwa Financial Holdings Co (復華金控), the paper said. Other investors interested in buying the assets include two from the US and three from Taiwan, the paper said without identifying them.

■ Trade delegation briefs US

To seek the nation's removal from the US' Special 301 priority watch list, a delegation has met with officials from the US Trade Rep-resentative (USTR) and copyright holders' associations in Washing-ton last week, the Ministry of Economic Affairs said in a statement yesterday. The Taiwanese delegation, led by Jack Lu (盧文祥), deputy director-general of the Ministry of Economic Affairs' Intellectual Property Office, met with Charles Freeman, assistant US trade representative for China affairs, and representatives from the International Intellectual Property Alliance, the Business Software Alliance, the Motion Picture Association and the Recording Industry Association of America.

■ NT dollar rises

The New Taiwan dollar rose yesterday against its US counterpart, edging up NT$0.053 to close at NT$33.827 on the Taipei foreign exchange market. Turnover was US$349 million.

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