Sat, Mar 28, 2009 - Page 11 News List

[BUSINESS BRIEFS]

STAFF WRITER, WITH AGENCIES

Gasoline, diesel prices up

Gasoline and diesel prices will increase by NT$1.1 and NT$1.2 per liter respectively today, state-owned oil refiner CPC Corp, Taiwan (CPC, 台灣中油) and its private rival Formosa Petrochemical Corp (台塑石化) announced yesterday.

After the adjustment, CPC’s price for a liter of 98-octane unleaded gasoline will be NT$26.6. The price of 95-octane unleaded gasoline will be NT$25.1, and 92-octane unleaded gasoline will cost NT$24.4 per liter, the company said. Diesel will be priced at NT$21.7 per liter, it added.

Home sales enjoy turnaround

Home sales rose for the first time in nine months after the stock market surged, a real estate broker said.

The transaction volume of residential apartments increased by about 30 percent in the first 20 days of this month compared with all of last month, said Stanley Su (蘇啟榮), senior researcher at Sinyi Realty Co (信義房屋), Taiwan’s biggest property broker.

Sinyi would provide a full-month tally next week, Su said.

“The economic environment is showing signs of recovery and falling home prices also helped boost housing sales,” Su said.

The volume of housing transactions had been declining month on month since June, he added.

Compal revenues down

Compal Electronics Inc (仁寶電腦), the world’s second-largest notebook computer maker on a contract basis, yesterday reported consolidated revenue of NT$478.75 billion (US$14.17 billion) for last year, down 4 percent from NT$498.27 billion in 2007.

The company posted consolidated net income of NT$13.55 billion last year, a 15 percent decrease from 2007, according to the firm’s financial report released yesterday.

Taiwan excels in ICT: report

Taiwan is the 13th most networked economy in the world, with a well-developed information and communication technology (ICT) industry, the World Economic Forum said on Thursday.

Taiwan continues to deliver a convincing performance in networked readiness, climbing four places to 13th on the Networked Readiness Index (NRI), a measure of ICT competitiveness, according to a report released by the group.

The NRI examines how prepared countries are to use ICT effectively on three measures: in general business as well as in the regulatory and infrastructure environment; the readiness of three key stakeholder groups — individuals, businesses and governments — to use and benefit from ICT; and actual usage of the latest information and communication technologies.

In the Global Information Technology Report 2008-2009 released on Thursday, Taiwan ranked first in cluster development and utility patents and ranked high in areas including high-tech exports, tertiary enrollment, buyer sophistication and prevalence of foreign technology licensing, according to the report.

NT dollar continues good run

The New Taiwan dollar completed a fourth weekly advance, the best run in a year, as signs the global recession may be easing fueled a rally in stocks and increased demand for emerging-market assets.

The NT dollar gained 0.1 percent this week to NT$33.779 at the 4pm close, according to Taipei Forex Inc. The currency has climbed 3.6 percent this month, trimming the quarter’s loss to 2.8 percent.

The local currency would slide 6.2 percent to NT$36 by the end of June and stay at around that level for the remainder of the year as recessions in the US and Europe take their toll on exports, Richard Yetsenga, HSBC Holdings PLC’s head of Asian currency strategy in Hong Kong, said in a report yesterday.

This story has been viewed 1797 times.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top