Sat, Sep 03, 2005 - Page 11 News List

Business Briefs

STAFF WRITER WITH AGENCIES

■ Web site unveiled

The government introduced a Web site yesterday designed to improve computer users' knowledge about information security. The site, www.nicst.nat.gov.tw, is designed to boost the public's awareness of Internet security issues in order to safeguard computers from hackers and other cyber threats, said Rhonda Chen (陳如芬), researcher from the Science and Technology Advisory Group under the Executive Yuan, at a media briefing. Via the new Web site, users will be able to play games related to information security and download a guide on how to access the Internet safely, she said. The advisory group aims to gauge the nation's knowledge on Internet security via the public participation, which will serve as a base for future policies formulation, Chen said.

■ Oistamo to replace Kallasvuo

Nokia Corp yesterday named Kai Oistamo to succeed Olli-Pekka Kallasvuo as head of the mobile phones unit on Oct. 1, when Kallasvuo takes over as president and chief operating officer of the world's largest cellphone maker. Oistamo, 40, who heads the business line management of the mobile phones unit, joined Nokia in 1991. The appointment follows last month's announcement that longtime Nokia chief executive Jorma Ollila will step down next year. Kallasvuo will take over as chief executive in June 2006. Ollila, 54, steered the producer of cables, tires and consumer electronics past Motorola Corp to become the world's largest mobile phone maker during 13 years at the helm of the Finnish company.

■ Typhoon affects water

Torrential rains brought by Typhoon Talim polluted water supplies in Taiwan, causing shortages in nearly 20,000 manufacturers in seven industrial zones in Taoyuan County, according to the Ministry of Economic Affairs. Water supply to the country's southern Jenta Industrial District and Tashe Industrial District has been cut by one-third since yesterday, according to the two industrial districts.

■ Finance firm to sell shares

China Development Financial Holding Corp (中華開發金控), Taiwan's fifth-biggest financial services company by market value, said it plans to sell as much as US$318 million of stock overseas to fund expansion. The proceeds will also be used for its US dollar- denominated financing, the company said in a statement to the Taiwan Stock Exchange on Aug. 30. The company will sell global depositary receipts, it said, without specifying the timing of the planned sale.

■ China Motor's sales fall

China Motor Co (中華汽車), which makes Mitsubishi Motor Corp vehicles in Taiwan, had a 49 percent decline in second-quarter profit after sales dropped. Net income fell to NT$1.2 billion (US$37 million) from NT$2.36 billion a year earlier. The figure was derived by subtracting first-quarter from first-half profit announced by the company today. China Motor's second-quarter sales, reported earlier, dropped 22.4 percent to NT$13.1 billion. China Motor, Taiwan's biggest automaker by market value, posted a 40 percent decline in first-quarter profit to NT$1.12 million as production costs increased and sales growth stalled.

■ NT dollar rises

The New Taiwan dollar recovered its recent weakness against its US counterpart, rising NT$0.222 to close at NT$32.529 on the Taipei foreign exchange market. Turnover was US$1.07 billion, compared to US$1.11 billion on Wednesday. The forex market was closed on Thursday due to Typhoon Talim.

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