Fri, Jan 21, 2005 - Page 11 News List

Business Briefs 

STAFF WRITER, WITH AGENCIES

Lantern Festival touted

To promote the Taipei Lantern Festival scheduled from Feb. 19 and Feb. 27, the Taipei City Government is working with an online travel agency to introduce domestic group tours, in hopes of attracting people from central and southern Taiwan to participate in this international gala.

The programs, covering one-day and two-day tours in Taipei, feature trips to the festival in the Xinyi district, the Miramar Entertainment Park (美麗華百樂園) and Dadaocheng Wharf. Discount prices are available now from Star Travel Corp (燦星旅遊網).

The government hopes to increase the number of festival visitors from last year's 4.8 million to 6 million this year.

China investment rises 47%

The nation's corporate investments in China rose 47 percent last month from a year earlier, the Ministry of Economic Affairs' Investment Commission said on its Web site.

Approved investment rose to US$777 million from US$529 million a year earlier. Last year, Taiwan's approved investment in China rose 51 percent to US$6.94 billion from the previous year.

Foreign direct investment in Taiwan rose 10 percent to US$654 million last month from US$595 million a year earlier.

China's chip spending may fall

China's spending for equipment used to make semiconductors may fall by a third this year as the global chip industry slumps, an analyst said.

"Equipment sales will drop 33.6 percent to US$1.88 billion," Information Network analyst Robert Castellano said in an e-mailed report.

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