Wed, Feb 09, 2011 - Page 11 News List

[ BUSINESS BRIEFS ]

Staff writer, with agencies

Acer forsees 3% sales bump

Acer Inc (宏碁) expects its shipments and sales to climb about 3 percent this quarter from the prior three-month period, spokesman Henry Wang (汪島雄) said by telephone, citing comments made earlier yesterday by Jim Wong (翁建仁), head of the company’s information--technology products division.

The company expects to post stronger growth in the second quarter as it begins selling tablet devices, he said.

“Intel’s Sandy Bridge chipset design issue will have a limited effect on first-quarter performance,” Wang said.

Taipei-based Acer expects notebook shipments to climb 10 percent to 15 percent this year from last year, he said.

Seperately, Acer said it is recalling five models affected by the flawed Sandy Bridge chipset in Taiwan.

Buyers should approach their points of sales to get a full refund, or wait for the new chipset exchange.

Steel prices to rise: China Steel

Steel prices will probably rise because of increasing costs, Chung Le-min (鍾樂民), executive vice president of China Steel Corp (中鋼) said yesterday by telephone from Kaohsiung.

The company, the nation’s biggest maker of the metal, will set April and May prices late this month, he said, declining to give an estimate.

National debt soars

The nation’s outstanding debt increased by about NT$105 billion (US$3.6 billion), or 2.3 percent, last month from the end of last year, as the government continued to run budget shortfalls, the Ministry of Finance said yesterday.

Outstanding debt with a maturity of more than one year rose to NT$4.579 trillion as of Jan. 31, up from NT$4.474 trillion at the end of December, the ministry announced on its Web site and with an update on its electronic national debt clock.

If outstanding short-term debt (under one-year) of NT$240 billion is added, the central government’s overall debt stood at NT$4.82 trillion as of the end last month, bringing per capita debt to NT$208,000.

CHT aims for 7% revenue rise

Chunghwa Telecom Co (CHT, 中華電信), the nation’s biggest telecoms operator, yesterday said it aimed to boost revenues by more than 7 percent to NT$200 billion this year, higher than its forecast of NT$190 billion.

Last year, CHT posted revenues of NT$186.41 billion.

Chairman Lu Shyue-ching (呂學錦) said the company also targeted to make NT$100 billion from mobile business.

The company also hoped to increase Internet TV users to 1 million from about 800,000 early this year.

NT dollar continues rise

The New Taiwan dollar rose to a 13-year high as foreign funds pumped money into local stocks to profit from the improving outlook for economic growth.

The currency strengthened beyond NT$29 per US dollar for the first time since 1997 before surrendering the bulk of its gains in the final minutes of trading as the central bank intervened to curb appreciation to support exporters, according to two traders familiar with its operations.

Overseas investors bought US$64 million more Taiwanese stocks than they sold yesterday after purchasing a net US$3.4 billion this year through Jan. 28, Taiwan Stock Exchange data showed.

Taiwan’s dollar advanced 0.1 percent to NT$29.16 against its US counterpart, according to Taipei Forex Inc. The currency earlier reached NT$28.89, the strongest level since October 1997.

It has rallied 4.1 percent this year as the benchmark TAIEX advanced 1.5 percent.

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