Wed, Nov 01, 2006 - Page 11 News List

Business Briefs

STAFF WRITER WITH AGENCIES

■ CPC hikes gas prices

State-run Chinese Petroleum Corp (CPC, 中油) announced yesterday it would hike wholesale gasoline and diesel prices by NT$0.3 per liter. The new rates take effect at midnight tonight. The adjusted retail prices for 98-octane unleaded gasoline is NT$28.1, 95-octane unleaded gasoline is NT$26.6, 92-octane unleaded gasoline is NT$25.9 and top-grade diesel oil is NT$22.6 per liter, CPC said.

The adjusted range is calculated by the price change of the West Texas Intermediate crude over the past week in New York trade, CPC said. The crude was US$57.1 per barrel last Monday and hit US$58.3 per barrel on Monday, it said.

■ ProMOS inks loan deal

ProMOS Technologies Inc (茂德科技), the nation's third-largest manufacturer of memory chips for computers, signed a five year deal yesterday with 12 banks including Taiwan Cooperative Bank (合作金庫銀行) and Bank of Taiwan (台灣銀行) to obtain NT$20 billion (US$602 million) syndicated loan to expand an advanced 12-inch factory.

■ Shares rise on rebound

Shares closed 0.37 percent higher yesterday on the back of a cautious technical rebound after sharp losses on Monday, with sentiment hit by a probe into the Financial Supervisory Commission, dealers said.

The TAIEX added 26.12 points at 7,021.32, on turnover of NT$58.50 billion. Decliners led risers 561 to 505, with 218 stocks unchanged.

On the Taipei foreign exchange market, the New Taiwan dollar dropped NT$0.039 to NT$33.260 against the US dollar, on turnover of US$682 million.

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