Thu, Jun 08, 2006 - Page 11 News List

Business Briefs

STAFF WRITER WITH AGENCIES

■ Pact signed with Dutch, Turks

The Financial Supervisory Commission yesterday announced that it had inked financial supervisory cooperation agreements with its Dutch and Turkish counterparts in Hong Kong.

The accords were signed amid warming ties and increasing experience exchanges with the Dutch Authority for the Financial Markets, and the Capital Markets Board of Turkey, increasing Taiwan's number of bilateral supervisory cooperation agreements to 21, the commission said in a statement.

The commission signed a supervisory collaboration memorandum of understanding with its French counterpart last month.

Taiwan, the Netherlands and Turkey inked the pacts while participating in the 31st annual session of the International Organization of Securities Commissions in Hong Kong, which opened on Monday and ends today.

■ Science parks clinch deal

Officials of the Hsinchu Science Park Administration (HSPA, 新竹科學園區) signed a cooperation agreement with the National Science Technology Development Agency (NSTDA) of Thailand in Helsinki yesterday to promote technological, information, trade and investment exchanges.

The signing ceremony took place during the annual meeting of the International Association of Science Parks (IASP).

An HSPA official said the cooperation agreement covered information and personnel exchanges such as advanced technologies and incubation centers, enhancement of exchanges between both science parks, possibilities of joint ventures and extending industry cooperation plans.

■ UMC revenue soars

United Microelectronics Corp (UMC, 聯電), the world's second-largest contract chipmaker by revenue, said yesterday its revenue last month had risen by more than 30 percent from the same month last year.

The latest figure totaled NT$8.5 billion (US$263.8 million), 31.5 percent higher than the NT$6.47 billion in the same month last year, the company said in a statement.

The company reported revenue of NT$41.35 billion for the January-May period, up 24.9 percent from NT$33.12 billion for the same period last year.

■ Tang Eng to release shares

State-run Tang Eng Iron Works Corp (唐榮) will soon complete privatization by releasing 49 million shares, or a 14 percent stake owned by the government, to the public, according to a statement released by the Ministry of Economic Affairs yesterday.

With capital of NT$3.5 billion (US$108.7 million), Tang Eng applied to be listed on the over-the-counter GRETAI Securities Market in July last year and obtained approval from the Financial Supervisory Commission in February, the statement said.

Reportedly, Tang Eng may make its stock market debut by the end of this month at NT$13.52 per share.

■ OBI buyers to visit

Officials of the European chain store OBI Merchandise Center GMBH, with an annual business volume of 6.3 billion euros (US$8.1 billion), will come to Taiwan on June 21 for a procurement meeting with local companies, Taiwan External Trade Development Council (TAITRA, 外貿協會) officials said yesterday.

OBI, a major DIY chain, is seeking to purchase items such as alarms, batteries, sockets, extension cables and battery chargers, the officials said.

■ NT dollar keeps losing ground

The New Taiwan dollar continued losing ground against its US counterpart yesterday, declining NT$0.158 to close at NT$32.220. Turnover was US$1.15 billion.

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