Fri, Dec 17, 2004 - Page 11 News List

Business Briefs 

AGENCIES

CAL expects bigger revenues

China Airlines (CAL, 華航) expects its revenues to surpass NT$100 billion (US$3.09 billion) next year, supported by new routes and services, the company said yesterday.

For this year, CAL is expected to post NT$93.5 billion in revenue and NT$4.05 billion in pretax profit, company president Philip Wei (魏幸雄) said in a statement.

The carrier plans to expand its current fleet of 63 to 67 aircraft by the end of next year, he added.

Interest-rate rumor denied

The central bank said it will take "appropriate financial adjustment measures" to ensure economic stability, denying a report that Deputy Governor Hsu Yi-hsiung (徐義雄) said it planned to keep key interest rates unchanged this month because consumer prices are stable.

The bank will "watch closely economic and financial situations at home and abroad at all times and will take necessary moves after careful study and discussion," the central bank said in a statement, citing Hsu.

A Chinese-language business daily reported yesterday that the country does not have inflationary pressure and the central bank's neutral monetary policy will probably continue. The central bank said the report wasn't true.

NT makes significant gain

The New Taiwan dollar yesterday rose NT$0.107 to close at NT$32.340 against its US counterpart, its biggest gain since Dec. 6, on the Taipei foreign exchange market. The local unit has gained about 5 percent against the greenback this year.

Turnover was US$575 million.

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