Thu, Mar 18, 2010 - Page 11 News List

[BUSINESS BRIEFS]

STAFF WRITER, WITH AGENCIES

TAIEX up 1.97 percent

Shares closed higher yesterday, with the TAIEX moving up 152.21 points, or 1.97 percent, to close at 7,847.84.

The local bourse opened at 7,763.43 and fluctuated between 7,762.85 and 7,849.38 during the day’s trading. Market turnover totaled NT$118.08 billion (US$3.72 billion).

Foreign investors and Chinese QDIIs were net buyers of NT$20.02 billion in shares.

Gainers outnumbered losers 2,473 to 675, with 204 stocks remaining unchanged.

UMC to sell corporate bonds

United Microelectronics Corp’s (UMC, 聯電) board approved a plan to sell as much as NT$10 billion in corporate bonds, the ­Hsinchu-based chipmaker said in a stock exchange filing yesterday.

UMC plans to pay a cash dividend of NT$0.50 per share on 2009 earnings and will invest NT$1.5 billion in UMC New Business Investment Corp, a wholly owned unit, the company said in a separate filing.

TSMC downplays quake impact

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest custom chipmaker, said its first quarter sales guidance would be unaffected by an earthquake earlier this month.

“We will deliver what we promised,” chief financial officer Lora Ho (何麗梅) said yesterday in Taipei.

TSMC said on March 4 that an earthquake in southern Taiwan had caused production losses equal to 1.5 days.

The company said on Jan. 28 it expected this quarter’s revenue to be between NT$89 billion and NT$91 billion, with a gross margin of 46.5 percent to 48.5 percent.

Hannstar eyes Global Brands

Hannstar Board Corp (瀚宇博德) said it plans to buy a stake in Global Brands Manufacture Ltd (精成科技), a filing to the Taiwan Stock Exchange said.

The stake will not exceed 166.5 million shares, the statement said.

Hannstar’s statement came after Global Brands’ major shareholder, Pou Chen Group (寶成集團), said on Tuesday that it would sell the 166.5 million shares, or 40 percent, it owns in the printed-circuit-board maker at prices of at least NT$27.5 per share.

Orchid show sets records

The Taiwan International Orchid Show, one of the nation’s major flower exhibitions, attracted a record number of orders and participants this year, the organizer said yesterday.

A record NT$5.5 billion in export orders — to be delivered over the next three to five years — were placed at this year’s show in Tainan County, about 53 percent higher than the previous year, Tainan County Commissioner Su Huan-chih (蘇煥智) said.

About 320,000 visitors attended the show at the Taiwan Orchid Plantation in Houbi Township (後壁) from March 6 through Monday, up 20,000 from last year.

Buyers at the show came from 32 countries, three more than last year’s 29, Su said.

Customs figures showed that exports of orchids, which account for nearly 79 percent of Taiwan’s horticultural exports, totaled US$86.8 million last year, up 7.4 percent from a year earlier.

Moreover, exports of Taiwan’s most popular orchid variety, the butterfly orchid, totaled US$63.87 million last year, up 22 percent from US$52.2 million in 2008.

NT dollar edges up

The New Taiwan dollar gained ground against the US dollar on the Taipei Foreign Exchange yesterday, rising NT$0.073 to close at NT$31.747. Turnover was US$841 million.

This story has been viewed 1876 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