■ Forex reserves up last month
The nation's foreign currency reserves rose to US$260.9 billion last month, ranking third after China and Japan, the central bank said yesterday.
In February, the nation's foreign currency reserves totaled US$260.94 billion, up US$1.9 billion from April.
The central bank attributed the rise in foreign currency reserves to the increase in local investors' foreign assets holdings and major currencies' appreciation against the US dollar.
■ DigiMedia opens new plant
DigiMedia Technology Co (駿林科技), a subsidiary of local home electronics maker Kolin Inc (歌林企業), inaugurated its new plant in Tainan yesterday.
The plant is expected to produce 600,000 liquid-crystal-display (LCD) TVs and generate NT$10 billion (US$312 million) in sales for the company this year.
DigiMedia plans to target the North American market and start shipping its 47-inch LCD TVs to the region this month, Liu Chi-lieh (劉啟烈), president of Kolin, said at the inauguration.
The company is hoping to boost its market share, which is currently above 6 percent, he added.
DigiMedia also plans to list on the US stock market, Liu said, without giving a timetable.
■ NT dollar strengthens
The New Taiwan dollar gained ground against the US dollar on the Taipei Foreign Exchange yesterday, rising NT$0.031 to close at NT$32.049.
A total of US$833 million changed hands during the day's trading.
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