National debt rises
The national debt increased to NT$234,000 (US$7,910) per person as of the end of last month, flat from the level seen a month earlier, but still the highest level since the government began publishing the data in December 2010, the Ministry of Finance said yesterday. National debt, which includes the central government’s long-term and short-term debt, amounted to NT$5.455 trillion as of the end of last month, data showed.
Makalot reports sales drop
Fabric supplier Makalot Industrial Co (聚陽實業) reported on Monday its sales fell 10.37 percent to NT$1.35 billion last month from NT$1.51 billion a year ago and dropped 5.15 percent from NT$1.43 billion a month ago, which the company attributed to delayed orders of summer clothes by its clients due to bad weather in the US and Europe. Shipments of summer clothes would will be delayed to this month and next month, Makalot said, adding that sales for this quarter would not be affected.
Ginko bullish on forecast
Ginko International Co (金可國際), a leading maker of contact lenses and lens-care solution, yesterday forecast its profit margin would improve this quarter because it opened two new production lines in China last month and it expects to receive approval soon from the Taiwanese government to sell its new disposable lenses in Taiwan.