Securities firms lose billions
Securities companies in Taiwan incurred a combined net loss of NT$716 million (US$23.87 billion) last month owing to shrinking daily turnover as investors stayed on the sidelines during the period, the Taiwan Stock Exchange said yesterday.
Average daily turnover fell to NT$67.97 billion last month from NT$89.20 billion a month earlier.
Market analysts said the decline reflected cautious sentiment toward the domestic environment ahead of Saturday’s presidential election.
For the whole of last year, securities companies in Taiwan posted NT$17 billion in net profit.
No 3G Eee Pad: Asustek
Asustek Computer Inc (華碩) said yesterday that it has no plan to launch a 3G version of its Eee Pad Transformer Prime tablet computer as some local media have reported.
Earlier this month, media reports said that Asustek was expected to introduce a 3G-enabled Transformer Prime in the first quarter of this year with an improved casing design.
However, Asustek said these reports were erroneous and “no such product exists on its current roadmap,” a company statement said.
The company also said that it expected to launch 3G models for other high-end products in the Transformer family to expand its tablet PC portfolio.
TAITRA to set up China pavilion
The Taiwan External Trade Development Council (TAITRA, 外貿協會), the government-sponsored trade promotion group, will set up a Taiwan pavilion in Dongguan in China’s Guangdong Province to promote products made by Taiwanese companies based in the city, Vice Minister of Economic Affairs Lin Sheng-chung (林聖忠) said on Saturday.
In addition, Taiwanese investors in Dongguan have scheduled a trade fair for April for a similar promotion, Lin said.
He said he has met with Bureau of Foreign Trade Director-General Bill Cho (卓士昭) and TAITRA executive vice president Peter Huang (黃文榮) to discuss the need to grant subsidies for the April trade exhibition.
TransAsia offers extra flights
TransAsia Airways Corp (復興航空), a mid-sized Taiwanese carrier, said last week it would offer 12 additional flights during the Lunar New Year holiday to meet heavy demand on its Kinmen and Penghu routes.
The additional flights will be available on Saturday, Jan. 26 and 29 between Taiwan proper and the two outlying islands, offering a total of 864 seats, the airline said.
Of the total, four flights will be between Taiwan and Kinmen, and eight will be between Taiwan and Penghu, with all of them open for reservations, it said.
In total, the carrier said it would operate 178 additional flights between Jan. 21 and Jan. 29, that would accommodate about 13,000 passengers to help provide a better service during the busy holiday period.
NT dollar falls slightly
The New Taiwan dollar fell against its US counterpart yesterday, falling NT$0.07 to close at NT$30.070 as renewed worries over the debt crisis in the eurozone put downward pressure on the local currency, dealers said.
Profit-taking in the local bourse also placed downward pressure on the NT dollar as foreign investors pocketed the gains they have built in recent sessions, they added.
The NT dollar opened at NT$30.12 against the greenback and moved between NT$29.97 and NT$30.121 before the close. Turnover totaled US$778 million during the trading session.