Sat, Dec 24, 2005 - Page 11 News List

Business Briefs

AGENCIES

Big bond sale on the way

The central government is planning to sell NT$110 billion (US$3.3 billion) in bonds in the first quarter next year to help finance spending.

The planned amount is 27 percent lower than the NT$150 billion the government auctioned in the first quarter of this year, according to a Ministry of Finance statement yesterday.

The ministry's Department of National Treasury is planning to auction NT$40 billion in five-year bonds on Jan. 3, NT$30 billion in 20-year bonds on Feb. 21 and then NT$40 billion in 10-year bonds on March 28, the statement added.

Chanel in a hangar

China Airlines Ltd (華航), the nation's largest carrier, and Chanel, a world famous haute-couture brand, will jointly hold a fashion show for Chanel's 2006 spring-summer collection next month, a China Airlines spokesman said yesterday.

The show will be held on Jan. 13 at the air carrier's maintenance plant, and is especially designed to attract customers to Taiwan, Hong Kong and China.

The event is also expected to attract a large number of fashion celebrities from around the world, the spokesman said.

Most firms hold down pay

More than 73 percent of local companies will maintain salaries for workers at current levels, while only 12 percent said that they would consider raising starting salaries for new workers, according to the results of a recent survey by the 104 Job Bank (104人力銀行).

Some 55 percent of companies surveyed think business conditions next year will be about the same as this year.

Another 16 percent are pessimistic about the economic situation, the survey showed.

About 34 percent of companies said they have plans to recruit new blood next year, with those in the media and publishing sectors and those in the information and daily consumer products industries were displaying greater demand.

Job opportunities in the manufacturing, real estate and pharmaceutical and biotech sectors have increased over the past year.

Employment in the insurance and securities sectors, however, has fallen slightly, according to the results of the survey.

`Solar' chips could benefit all

If the chipmaking industry is able to integrate solar energy to produce highly efficient solar cells, then this would assist the nation in reducing its dependence on imported energy, Chang Chien-yi (張建一), a departmental director at the Taiwan Institute of Economic Research, said yesterday.

Chang said the production process involved in developing low-cost solar cells has many features in common with semiconductor production.

Some solar cell manufacturers are studying how to use new chips and related technology to lower production costs, he said.

If the chipmaking industry can work well with the "green" energy sector, it would not only open up a new horizon for the industry but also create great benefits for the nation, which is 99 percent reliant on imported crude oil, he said.

NT dollar rises

The New Taiwan dollar rose yesterday on year-end demand from exporters and continued capital inflows, dealers said.

But there was little impact from the central bank's widely expected rate hike, they said.

A firmer Japanese yen also buoyed the NT dollar, which closed NT$0.083 higher at NT$33.178 on the Taipei foreign exchange market. Turnover was US$745 million.

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