Sat, Jan 14, 2012 - Page 11 News List

[ BUSINESS BRIEFS ]

Staff Writer, with Agencies

ECFA had no adverse impact

The tariff concessions on imports from China, allowed under the Economic Cooperation Framework Agreement (ECFA), have not adversely affected domestic industries, the Ministry of Economic Affairs said on Thursday.

Since the ECFA took effect in January last year, a total of 267 products from China have been imported with preferential tariffs, the ministry’s International Trade Commission said.

Meanwhile, more than 500 categories of exports to China are eligible for preferential tariffs that will drop to zero over a two-year period, in line with the ECFA’s early harvest program.

Commission Deputy Executive Secretary Juan Chuan-ho (阮全和) said only companies producing four types of chemicals and products — acetic acid, acrylic acid, optical brightener compounds and high-tenacity filament yarns — had been affected by the tariff concessions on imports.

Hino annual sales jump 11%

Hotai Motor Co (和泰汽車) said yesterday that sales of Hino-brand commercial vehicles hit 5,224 units last year, up 11 percent from a year earlier.

The demand for commercial vehicles, in particular heavy duty trucks, made a strong rebound last year as the government implemented more infrastructure and public transportation projects, Hotai Motor said.

Hotai Motor, which is the sales agent for Japan-based Toyota Motor, also acts as a sales agent for Japanese truck and bus supplier Hino Motors.

Hotai Motor said Hino’s commercial cars were expected to generate NT$11.2 billion (US$373 million) in sales last year, up 12 percent from 2010.

Total sales of commercial automobiles rose 15 percent from a year earlier to 10,355 units last year.

Hon Hai to overhaul party

Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract maker of consumer electronics, is to change the format of its year-end party from a traditional extravaganza to a charity event to promote corporate social responsibility, the company said yesterday.

The carnival-like event, scheduled to take place at Taipei Zoo and the adjacent Daonan Stadium on Sunday, is to feature a charity sale gala, donations, concerts and other performances, Hon Hai said.

Hon Hai’s Yonglin Foundation, which chairman Terry Gou (郭台銘) established to help underprivileged groups and disadvantaged children pursue education, is to double its amount of charitable funds this year to more than NT$700 million, it said.

Chailease to meet investors

Chailease Finance Co (中租迪和), a Taipei-based leasing company, is planning to meet investors to discuss the possible sale of Dim Sum bonds, according to a person familiar with the matter.

Australia & New Zealand Banking Group Ltd, Bank of China (中國銀行) and Standard Chartered PLC are arranging the meetings, the person said, asking not to be identified as the details are private.

The company is scheduled to meet with investors in Singapore on Tuesday and in Hong Kong on Wednesday, the person said.

Central bank bolsters US dollar

The New Taiwan dollar rose against its US counterpart yesterday, closing up NT$0.002 at NT$30.000 as foreign institutional investors moved funds to Taiwan, dealers said.

The central bank intervened again in late trading to slow the appreciation of the local currency by propping up the US dollar, dealers said.

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