Fri, Apr 10, 2009 - Page 11 News List

Business Briefs

STAFF WRITER, WITH AGENCIES

House price sales increase

The decline in Taipei’s existing-home prices over the past year led to an increase in the number of units sold last month, a real estate broker said.

The transaction volume of residential units increased as much as 50 percent last month from February in Taipei, said Stanley Su (蘇啟榮), senior researcher at Sinyi Realty Co (信義房屋), Taiwan’s biggest property broker. Prices have fallen 15 percent since last April, he said.

“A correction in prices lured buyers back to the market,” Su said by telephone yesterday. “Some people have delayed purchases from last year.”

“Panic sentiment from the global financial tsunami has eased,” Su said.

Far Eastern sues Xia Yi

Far Eastern Transport Corp (遠東航空) filed criminal and civil suits against Xia Yi (夏怡), wife of former chairman Stephen Tsuei (崔湧), and seeks compensation from Xia, the Taipei-based airline said in an exchange statement yesterday.

Tsuei was indicted in August last year by Taiwan prosecutors on charges of alleged embezzlement, forgery and breach of trust that led to the collapse of the insolvent airline. He faces an 18-year jail term.

Cathay Financial reports income

Cathay Financial Holding Co (國泰金控), Taiwan’s largest listed financial-services company, reported preliminary first-quarter net income of NT$4.98 billion (US$147.5 million), or NT$0.5 per share, the company said in an exchange filing yesterday.

The company had a loss of NT$5.98 billion, or a loss of NT$0.65 per share, a year earlier.

Mega Financial Holding Co (兆豐金控), Taiwan’s third-largest listed financial services company, Thursday posted first-quarter profit of NT$3.91 billion, or NT$0.35 per share, the company said in another exchange filing, without providing comparative figures.

Meanwhile, Taishin Financial Holding Co’s (台新金控) net profit in the first quarter totaled NT$830 million, or NT$0.08 a share, the company said.

Compal shipments beat forecast

Compal Electronics Inc (仁寶電腦), the world’s second-largest maker of notebook computers, posted first-quarter shipments that beat its own forecast.

Compal, which supplies laptops to companies including Hewlett-Packard Co, shipped 6.35 million notebooks in the three months to March 31, surpassing its own Feb. 25 estimate for 5.8 million to 6.2 million units, company spokesman Chang Chih-ming (張志銘) said in an e-mail yesterday.

Compal maintains its earlier forecast for 15 percent shipment growth this quarter from the prior three-month period, Chang said.

Unpaid workers get tax benefit

The Ministry of Finance said in a statement on Wednesday that the government would extend the tax payment deadline for workers who took unpaid leave.

The extension applies to workers taking unpaid leave in any two months from September last year to the end of this year, the ministry said.

Trend Micro unveils application

Trend Micro Inc (趨勢科技) yesterday introduced a free Smart Surfing application on Apple Inc’s iTunes application store for iPhone and iPod touch users.

The anti-virus company marked its foray into mobile computing by releasing a secure browser application that protects Internet users from malicious Web sites and prevents them from having their personal information stolen.

Trend Micro said its Smart Protection Network infrastructure used the cloud computing concept to process 5 billion uniform resource locators (URL) daily in order to provide the most up-to-the-minute Internet browsing protection.

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