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■ Taiwan leads in nanospending
Taiwan led the world in per capita government research and development spending in nanotechnology last year at US$9.40, nearly twice the amount of per capita spending by the US, which invested US$5.42, according to a report released by the Taiwan External Trade Development Council (TAITRA, 外貿協會) yesterday. Nanotechnology has been applied in various information technology products, including semiconductors and liquid crystal display parts. As of February this year, Taiwan had been issued 12 patents of application of nanotechnology, mostly for carbon nanotube display applications, the report said, citing a study from Lux Research. According to estimates from the Nanotechnology Research Center of the Industrial Technology Research Institute (ITRI), the annual output of Taiwan's nanotech industry is expected to top NT$1 trillion (US$31.4 billion) by the year 2010, representing 3 percent of the global market, the report said.

■ Local bank invites bids
Taiwan Business Bank (台灣企銀), a lender 44 percent owned by the government, said it has started inviting bids from local and foreign investors as part of the government's plan to speed up financial consolidation. "We have hired a financial adviser to handle this," Lee Chun-sheng (李俊昇), executive vice president of the bank, said yesterday.

■ NT dollar closes lower
The New Taiwan dollar remained weak against its US counterpart, dropping NT$0.100 to close at NT$31.966 on the Taipei foreign exchange market. Turnover was US$805 million.

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