Fri, Aug 10, 2007 - Page 11 News List

Business Briefs

STAFF WRITER, WITH AGENCIES

TAIEX closes higher

Shares closed 0.91 percent higher yesterday, extending yesterday's rebound on the back of Wall Street's sustained advance overnight, dealers said.

The market's upside, however, was capped by profit-taking amid lingering concern over any further deterioration of problems in the US subprime mortgage and credit industry, they said.

The TAIEX closed up 83.14 points at 9,182.60, on turnover of NT$178.43 billion (US$5.41 billion).

On the foreign exchange market, the New Taiwan dollar rose NT$0.01 to close at NT$32.885 against its US counterpart. Turnover was US$708 million on the Taipei Forex Inc.

Central bank offers CDs

The nation's central bank yesterday offered a combined NT$38.9 billion (US$1.18 billion) in certificates of deposit (CDs) and negotiable certificates of deposit (NCDs), after NT$34.8 billion in time deposits matured as of yesterday.

In a statement posted on its Web site, the central bank said it offered NT$34.7 billion for 30-day CDs and NCDs at a fixed rate of 1.92 percentage points, in addition to an offer of NT$4.2 billion for 91-day CDs and NCDs at 1.99 percent.

Normally, the central bank sells 30-day, 91-day and 182-day CDs and NCDs on a daily basis to help control short-term liquidity on the local money market and help stem inflation.

But the bank's offer of 182-day NCDs and CDs at a fixed rate of 2.07 percent failed to attract interested bidders yesterday, according to the central bank.

Quanta posts 83 percent gain

Quanta Computer Inc (廣達電腦), the world's largest maker of notebook computers, posted an 83 percent gain in July sales.

Parent-level revenue, which excludes affiliates, rose to NT$59.2 billion (US$1.8 billion) from NT$32.4 billion a year earlier, the Taoyuan-based company said today in a filing to the stock exchange.

Cumulative sales for January to July gained 50 percent to NT$356.3 billion from NT$238.3 billion a year earlier, the statement said.

Consolidated revenue, which includes sales from affiliates, was NT$61.8 billion, the company said in a separate e-mail, without providing comparative figures. Quanta shipped 2.8 million notebook computers in July, the e-mail said, matching June's record 2.8 million shipments.

Compal posts 38 percent gain

Compal Electronics Inc (仁寶電腦), the world's second-largest maker of notebook computers, said it posted a 38 percent gain in July sales.

Parent-level revenue, which excludes affiliates, rose to NT$38 billion (US$1.2 billion), from NT$27.7 billion a year earlier, the Taipei-based company said in an e-mailed statement today. Cumulative sales for January to July gained 58 percent to NT$233.9 billion from NT$147.9 billion, it said.

Including affiliates and excluding Compal Communications Inc (華寶通訊), consolidated revenue was NT$38.9 billion in July, the statement said, without providing comparative figures.

Bank of Taiwan gets `AAA' rating

Fitch Ratings, an international rating agency, affirmed yesterday a "AAA" national long-term rating and a "F1+" national short-term rating for the Bank of Taiwan (台灣銀行), according to a statement.

Citing its strong government support and capital position as well as the sound asset quality, Fitch Rating offered a stable outlook for the bank, which is wholly owned by the government and the largest local bank.

The bank's latest merger with Central Trust of China (中央信託局) last month is not expected to tender any significant impact on its financial profile, Fitch Ratings said in the statement.

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