Fri, Mar 18, 2011 - Page 11 News List

[ BUSINESS BRIEFS ]

Staff Writer, with Agencies

TAIEX slides 0.5 percent

The TAIEX dipped 0.5 percent yesterday, following the fall on Wall Street a day earlier amid concern over the ongoing nuclear crisis in Japan and poor US economic data, dealers said.

The weighted index closed 41.89 points lower at 8,282.69 on turnover of NT$133.26 billion (US$4.5 billion) after rebounding from the day’s low of 8,150.73.

A total of 1,671 stocks closed up, 2,625 were down and 433 remained unchanged.

EVA adjusts Japan flights

EVA Airways Corp (EVA, 長榮航空), the nation’s second-biggest airline, said yesterday it could “flexibly” add flights from Japan to Taiwan if there was more demand from people returning to Taiwan.

EVA announced the cancelation of 55 flights to Japan, including all 38 flights to Sendai City, the capital of Miyagi Prefecture, until June 30.

It also canceled 12 flights to Tokyo and five to Sapporo for the rest of this month.

However, the carrier would increase flights as needed for travelers returning to Taiwan, a company press release said.

“We will take all passengers in need back to Taiwan,” an EVA public relations officer said, adding that “the company’s remaining flights from Tokyo to Taipei have not been fully booked.”

EVA plans to fly a vacant plane to Tokyo’s Haneda Airport today to offer an additional flight back to Taipei International Airport this afternoon, the release said.

TSMC confident of prospects

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) dismissed a report in the Chinese-language Economic Daily News yesterday that said its second-quarter results might be affected by the earthquake and tsunami in Japan last Friday.

“While we do not exclude the possibility that this earthquake and its follow-on effects may impact the global electronics supply chain, TSMC believes that the impact will be brief, as we believe global demand for electronics end products remains strong,” the Hsinchu-based company said in a statement to the stock exchange.

“Should demand be temporarily depressed because of unstable supply, the market would quickly pick up to meet this pent-up demand once the supply chain returns to normal,” it said.

Formosa Petro declares payout

Formosa Petrochemical Corp (台塑石化) plans to distribute a cash dividend of NT$3.90 per share based on last year’s earnings, the company said in a statement to the stock exchange yesterday.

Last year, the company posted a net income of NT$40.9 billion, or NT$4.30 per share, according to a separate statement. The numbers were revised from unaudited figures of NT$41.2 billion, or NT$4.33 per share, announced on Jan. 7.

NT relatively stable: Perng

The New Taiwan dollar has remained relatively stable in comparison with other Asian currencies since Japan was rattled by a magnitude 9.0 earthquake and tsunami last Friday, the central bank said yesterday.

The local currency fell by NT$0.018 against the US dollar to close at NT$29.574 yesterday.

Central bank Governor Perng Fai-nan (彭淮南) told lawmakers that the NT dollar had suffered a smaller depreciation compared with other Asian currencies over the past few days.

Comparing the closing prices of major Asian currencies from March 10 to yesterday, the South Korean won depreciated 0.8 percent, the Singapore dollar dropped 0.52 percent and the Thai baht fell 0.25 percent, while the NT dollar edged down a mere 0.17 percent, Perng said.

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