TAIEX ends flat on low trade
The nation’s benchmark index prices fell 0.11 percent yesterday in low-volume trading as investors stayed on the sidelines. The market could remain uncertain until the central bank holds its quarterly policy meeting, which is scheduled for tomorrow, dealers said.
The TAIEX closed down 7.55 points to 7,085.03. Turnover totaled NT$59.04 billion (US$1.95 billion). A total of 1,104 stocks closed up and 2,249 finished down, while 540 remained unchanged.
Two banks approved in China
E.Sun Commercial Bank (玉山銀行) and state-owned Bank of Taiwan (臺灣銀行) yesterday won approval from China for their plans to set up branches in Dongguan and Shanghai respectively, the companies said in separate statements.
The two lenders said the permission would allow them to tap into the mass Chinese market and they would aim first to serve Taiwanese firms based there.
Chinatrust units to disband
The boards of three bad-bank units at Chinatrust Financial Holding Co (中信金控) yesterday approved plans to disband and transfer remaining assets to the parent’s asset management subsidiary, the parent firm said in a statement.
The three units, created to process bad-bank business at home and abroad, have completed their mission, the statement said.
Their dissolution would not have a significant impact on the parent firm’s financial health, but would help streamline its structure, the statement said.
As of last month, the three units have a net worth of NT$454 million, NT$1.2 million and US$14.2 million respectively, it said.
Green Energy’s plan rejected
The Financial Supervisory Commission yesterday rejected a capital increase plan by Green Energy Technology Inc (綠能科技), citing insufficient information filed by the nation’s biggest solar wafer maker.
Green Energy had sought to raise NT$500 million by issuing 50 million new common shares valued at NT$10 per share to strengthen its financial health and working capital.
‘US$35’ tablet to get first looks
A “US$35” tablet computer, touted as the world’s cheapest so far, will be introduced in Taiwan at an international conference organized by the Taipei Computer Association (台北市電腦公會) on India’s development of information and communications technology in Taipei today.
The tablet, called “Aakash,” meaning “sky” in Hindi, was developed at the initiative of the Indian Ministry of Human Resource Development to create affordable tablets for ordinary people. It was launched in October.
Office workers pessimistic: poll
Office workers are feeling down about next year as many are worried about rising prices without any prospects for a pay raise, a poll by a human resource company showed yesterday.
The survey, conducted by 360d HR Consultancy Co (360d才庫人力資源), asked office workers between Dec. 15 and Sunday about their hopes for the new year. A total of 1,082 effective samples were collected.
The survey showed 54 percent of respondents were pessimistic about next year. Of those worried about future prospects, 42 percent said they felt blue because there had no hope of a pay raise amid rising consumer prices, 28 percent said they had yet to find a stable better half, while 26 percent said they wanted to change jobs, but couldn’t find any opportunities.
NT dollar loses ground
The New Taiwan dollar lost ground against the greenback yesterday, declining NT$0.004 to close at NT$30.312.