Fri, Oct 11, 2013 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with agencies

INVESTMENT

Moody’s maintains ratings

Moody’s Investors Service on Wednesday maintained its “Aa3” foreign and local currency sovereign rating for Taiwan with a stable country outlook, according to a statement. The “Aa3” rating, the fourth-highest investment grade under Moody’s scale, reflects the ratings agency’s view of the nation’s strong economic outlook and its low financial and political risks. The agency also adjusted the local currency country risk ceiling and long-term foreign currency bond ceiling by one notch each to “Aa2” from “Aa3,” the statement said. Standard & Poor’s (S&P) Ratings Services in August affirmed Taiwan’s sovereign credit rating of “AA-” with a stable outlook.

TELECOMS

IPhone sign-ups available

Taiwan Mobile Co (台灣大哥大) and Far EasTone Telecommunications Co (遠傳電信) yesterday said they have started to allow consumers to preorder the iPhone 5S and the iPhone 5C, after Apple said the new iPhones will be available locally on Oct. 25. The two firms said consumers will be able to sign up for the two new models at their outlets countrywide, as well as on their Web sites. They said no further details about sale packages were immediately available. Chunghwa Telecom Co (中華電信) has not announced any sale information for the new phones.

AVIATION

CAL adds charters to Japan

China Airlines Ltd (CAL, 中華航空), the nation’s largest carrier, yesterday said it will operate two round-trip charter services between Taipei International Airport (Songshan) and Japan’s Matsuyama Airport. The two airports’ names use the same Chinese characters. The charters will be offered today and on Monday as a sign of the friendship between Taiwan and Japan, CAL said.

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