■ Supply growth slows
Taiwan's money supply growth slowed last month for the first time in five months as foreign investors withdrew capital from the country and people sent more funds abroad, the central bank said yesterday.
M2, the broadest measure of money supply, rose 6.35 percent from a year earlier after increasing 6.52 percent in August -- the first time growth has slowed since April. M1A, which tracks net currency in circulation plus checking accounts and passbook deposits, expanded 7.1 percent last month after increasing 7.8 percent in August, the bank said.
■ In-China production increases
More than 40 percent of Taiwanese export orders received last month will be produced on assembly lines overseas, mostly in China, the Ministry of Economic Affairs said. Of the US$23.78 billion-orders received last month, about 41 percent will be produced outside Taiwan, mostly in China. Last month's overseas production figure is a record high. It compares with 39.32 percent in August and 36.35 percent in September last year, according to the ministry.
■ Depositary sale postponed
China Development Financial Holding Corp (開發金控) postponed its planned US$280 million sale of global depositary receipts because of falling share prices, a Chinese-language newspaper reported, without saying where it obtained the information. China Development originally planned to start receiving applications for the sale on Monday, it said. The financial services company said on Aug. 30 it planned to sell as much as US$318 million of stock overseas in the form of global depositary receipts to fund expansion.
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