Tue, Oct 25, 2011 - Page 11 News List

[ BUSINESS BRIEFS ]

Staff Writer, with Agencies

Shares rise on European hopes

Share prices rose 2.97 percent yesterday, fueled by surges in Europe and on Wall Street on Friday, as investors clung to hopes that European leaders will soon hammer out a comprehensive plan to deal with the region’s debt crisis.

Led by a rebound in high-tech and financial stocks, the TAIEX rose 114 points at the start of the session and maintained its momentum to close up 215.79 points at 7,470.3 on turnover of NT$100.869 billion (US$3.35 billion).

Companies in the Apple Inc supply chain rallied yesterday. Shares in both cellphone-case maker Catcher Technology Co (可成科技) and handset camera lens producer Largan Precision Co (大立光) rose by the maximum allowable 7 percent daily limit, while smartphone chipmaker Kinsus Interconnect Technology Co (景碩科技) climbed 6.3 percent and Hon Hai Precision Industry Co (鴻海精密) was up 3.41 percent.

Workers hold doubts over leave

About 43 percent of employees in Taiwan have no intention of taking paid family care leave, which is expected to be introduced next year, as they fear it might affect their performance evaluation and workplace relations, according to a recent poll.

However, 56 percent said they would take such leave next year, according to a poll released on Sunday by the online job bank Yes123.

The 43 percent who said they did not plan to take family leave expressed concern that their absence would increase the workload on their colleagues and thus hurt relations in the workplace. They also said they were worried it could be seen as negative factor in their work performance evaluations.

Meanwhile, in terms of annual leave, only 10.9 percent of the employees polled said they had used all their paid annual leave this year, 56 percent said they had not used any of it, while 33.1 percent said they have taken some of their paid vacation days.

Those who had not taken their annual leave said they were either too busy or were worried about making a bad impression on their supervisors.

The survey was conducted between Sept. 5 to Sept. 8. The poll collected 1,419 valid samples and had a confidence level of 95 percent, with a margin of error of 2.38 percentage points.

CAL to launch new routes

China Airlines Ltd (CAL, 中華航空), the nation’s largest air carrier, is to begin operating eight new routes to China and Southeast Asia on Monday.

The air carrier is to fly between Kaohsiung and Kuala Lumpur and will service seven new cross-strait routes including Taoyuan-Haikou, Taichung-Chungking, Taoyuan-Nanchang, Kaohsiung-Changsha, Kaohsiung-Chungking, Taoyuan-Dalian and Taichung-Nanchang, it said in a statement yesterday.

“The company hopes to take care of passengers living in central and southern Taiwan by offering them more convenient routes,” the statement said.

After the launch of these routes, the air carrier’s cross-strait routes would be expanded to 24, CAL said.

Formosa Plastics sells bonds

Formosa Plastics Corp (台塑), the nation’s largest maker of polyvinyl chloride, sold NT$4 billion worth of five-year bonds at 1.35 percent to repay borrowings and improve its financial structure, the company said in a statement to the Taiwan Stock Exchange yesterday.

The company sold NT$6 billion of five-year bonds at a coupon rate of 1.34 percent on Sept. 28.

NT dollar rises against US

The New Taiwan dollar rose against its US counterpart yesterday, adding NT$0.166 to close at NT$30.133. Turnover totaled US$733 million during the trading session.

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