Fri, Aug 11, 2006 - Page 11 News List

Business Briefs


■ TAIEX ends higher

Share prices closed mixed yesterday as losses triggered initially by Wall Street's overnight decline were offset by hopes for foreign capital inflows, dealers said.

The TAIEX closed up 5.39 points at 6,578.61, on turnover of NT$100.16 billion (US$3.06 billion).

Grand Cathay Investment Services Corp (大華投顧) chairman Tu Jin-lung (杜金龍) said investors bought into undervalued stocks with good earnings prospects, following a previous correction.

"Gains in the local currency raised hopes for capital inflows and put some momentum back into the stock market, bolstering interest in stocks with better earnings prospects," he said.

■ Hua Nan gets green light

The Financial Supervisory Com-mission has approved Hua Nan Bank's (華南銀行) application to set up a second representative office in Hanoi, the commission said yesterday.

Hua Nan's plan to open another office in Hanoi is aimed at serving increasing Taiwanese investment in the area as the Vietnamese government is developing the north of the country, the commission said.

State-controlled Hua Nan obtained the Vietnamese financial regulator's approval in April to officially upgrade its representative office in Ho Chih Minh City to a branch.

Taiwanese banks have been aggressively developing in Vietnam. To date, the country has six branches, 10 representative offices and one joint venture with a local bank rival in the Southeast Asian state.

Taiwan has recently overtaken Singapore to be the largest foreign investor in Vietnam with cumulative investment totaling US$8 billion, according to the commission.

■ More workers moonlighting

More office workers are looking for outsourced jobs in an attempt to supplement their income as consumer prices continue to rise, an online employment service provider said yesterday.

According to Tien Chu-cheng (田居正), the manager of an outsourcing jobs Web site operated by 104 Job Bank, the number of job-seeking members on the site increased 6.3 percent last month compared with June, with as many as 75 percent of job-seekers being office workers looking for moonlighting opportunities.

The number of outsourced jobs available last month also saw a 6.3 percent increase, with job openings in the category of "animated graphics/design" accounting for the largest proportion at 43.1 percent, Tien said.

Other popular job openings include architectural graphics and interior design for housing projects, as well as web designers for online stores, he added.

■ BenQ's sales up last month

BenQ Corp (明基), the nation's biggest mobile-phone maker, yesterday reported NT$16.3 billion (US$500 million) in consolidated sales last month, an increase of 52 percent from a year earlier, the company said in a statement to the Taiwan Stock Exchange.

However, the figure is 9.9 percent lower than its June sales of NT$18.1 billion, the statement said, without elaborating.

The company yesterday also denied news reports that it plans to shutter its plant in Germany.

"We announced plans to trim our workforce in Germany on July 10, but we have no plan to shutter our German plant or cut salaries because in Germany, that requires approval from the trade union," a BenQ press officer said on condition of anonymity.

■ NT dollar edges up

The New Taiwan dollar traded higher against its US counterpart yesterday, rising NT$0.191 to close at NT$32.586 on the Taipei foreign exchange market.

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