Tue, May 15, 2007 - Page 11 News List

Taiwan Power to be split up prior to privatization

PLAN Selling shares in state companies would help plug the budget deficit, projected to reach NT$217.1 billion this year, but it will require opposition approval

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"I'm cautiously optimistic Taiwan can reach the goal, as long as it can continue to ease investment rules and improve government efficiency," Hong said.

"Taiwan businesses should diversify investment to non-China areas," he said.

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