Sun, May 06, 2007 - Page 11 News List

Business Briefs



Taiwanese like foreign firms

More than nine out of 10 white-collar workers in Taiwan would like to work for a foreign enterprise, 1111 Job Bank said yesterday, citing the results of an online survey. According to the survey, 61 percent of the respondents who said they want to work for a foreign company in Taiwan said they believed they would have a better future working for international firms. Meanwhile, "good benefits" was mentioned by 58 percent of the office workers who said they want to work for a foreign company, and "high wages" was mentioned by 51 percent. The "dream employers" include IBM, Sony, Microsoft, American Express Bank, Citibank and HSBC, the poll showed.


Business-friendly poll plea

A recent survey said that 54.5 percent of chief executives at Taiwan's top 1,000 enterprises want the nation's next president to first create a business-friendly investment environment, CommonWealth Magazine said on Friday, citing the results of a poll conducted between March 9 and April 11. Of the chief executives polled, 52.3 percent said that the next president should engage in more open interaction with China, while 39.2 percent said the president should have a visionary development plan. The total number of chief executives who are not happy with Taiwan's economy reached 77 percent this year, the survey indicated, adding that the percentage has been on the rise since 2004.


Rival sues ABN Amro

Bank of America Corp sued ABN Amro on Friday to keep alive its US$21 billion deal with the Dutch bank to buy LaSalle Bank Corp. In a filing in a New York federal court, the Charlotte-based bank said it had an exclusive sale agreement with ABN Amro for LaSalle. On Thursday, a Dutch court halted the sale, ruling ABN must receive shareholder approval before it can proceed. In its lawsuit, Bank of America said ABN had told the company the deal didn't need shareholder approval.


Genting sets up UAE office

Resorts operator Genting International is setting up an office in the United Arab Emirates to help attract Middle Eastern tourists to its hotels and theme park in Malaysia, a news report said yesterday. The office will be fully operational in June, marking Genting's latest bid to spread its wings after opening offices in China and India over the past two years, said Faizal Iskandar, Genting's chief representative in the UAE. "It will be in time for the summer vacation in the Middle East when the Arabs take long breaks starting July," Faizal told Malaysia's national news agency, Bernama, in an interview in Dubai.


Chavez spooks markets

Venezuelan President Hugo Chavez's threat to nationalize banks spooked the markets on Friday, but the president of Citibank Venezuela said he did not see the local financial industry in imminent danger. Caracas' main stock index fell 2.74 percent, while its index of financial stocks fell 3.12 percent. The decline was led by Venezuelan banks whose shares are mostly held by local investors. "We don't see it as a threat. It was a message of responsibility because President Chavez is saying that we all need to work to help Venezuela get ahead," Francisco Aristeguieta, president of Citibank Venezuela, was quoted as saying in an interview with the state news agency.

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