Fri, Mar 25, 2011 - Page 11 News List

[ BUSINESS BRIEFS ]

Staff Writer, with Agencies

TAIEX inches up

The TAIEX closed up 0.37 percent yesterday, but failed to stay above the 8,600 mark because of weak market momentum, dealers said.

The index closed 31.32 points higher, ending at 8,576.40, after moving between 8,550.60 and 8,603.43, on a low turnover of NT$96.784 billion (US$3.27 billion).

IBM launches new lab

IBM Corp announced yesterday that it has launched a new power systems development laboratory in Taipei as the US company expands its research and development in storage and other systems architecture.

“The talented technical workforce in Taiwan, its healthy ecosystem of world-class universities, business partners and suppliers continue to make the nation a hub for valuable, high-end IT expertise,” IBM Taiwan general manager Edward Yu (于弘鼎) said in a statement.

IBM said the new lab would add to the range of IBM expertise in Taiwan, including design capabilities in electrical, mechanical, thermal and firmware, as well as enhance skills in spec identification, customer services, industry domain know-how and cross--region management.

Taishin to invest in China

Taishin Financial Holdings Co’s (台新金控) venture capital unit plans to invest US$10 million to set up a financial leasing company in China, the Taipei-based company said in a stock exchange statement yesterday. The unit also plans to invest HK$113 million (US$14.5 million) to form a venture capital firm in Hong Kong, according to the statement.

Meanwhile, XiaMen Port Holding Co (廈門港務控股集團) plans to buy all the new shares in Fubon P&C Insurance (Xiamen) Co (廈門富邦財產保險) for 100 million yuan (US$15.2 million), -Taipei-based Fubon Financial -Holding Co (富邦金控) said in a separate exchange statement yesterday.

CSBC to pay cash dividend

CSBC Corp, Taiwan (CSBC, 台灣國際造船), the nation’s biggest shipbuilder, plans to pay a cash dividend of NT$1.8 per share on earnings for last year, the shipbuilder said in a statement to the Taiwan Stock Exchange yesterday.

Quanta sells shares in Simplo

Quanta Computer Inc (廣達電腦), the world’s largest contract notebook maker by sales, gained about NT$1.05 billion from selling 7.32 million shares in Simplo Technology Co (新普科技) for NT$1.35 billion on Wednesday, Quanta said in a statement to the Taiwan Stock Exchange yesterday.

Quanta holds a 1.44 percent stake in Simplo after the sale, the statement said. Simplo is the world’s largest maker of notebook battery packs.

CHT ranked No. 1 firm

Telecoms giant, Chunghwa Telecom Co (CHT, 中華電信), rose to the top of a list of dream employers for local college students, followed in second place by leading Internet search engine Google, a report released yesterday found.

After coming second to food producer Uni-President Enterprises Corp (統一企業) last year, Chunghwa Telecom regained its throne as the No. 1 company at which soon-to-be job hunters want to work, according to an annual survey of final-year college and graduate students by Chinese--language Cheers magazine.

Eslite Bookstore, Starbucks Coffee and restaurant chain Wang Group were among the top 10 on the list of 100 employers.

NT dollar moves higher

The New Taiwan dollar rose slightly against the US dollar yesterday, up NT$0.002 to close at NT$29.583.

Turnover totaled US$796 million during the trading session.

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