Sat, Oct 19, 2013 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

ELECTRONICS

Kbro cuts price of TVs

Cable TV system operator Kbro Co (凱擘) said it is offering 50-inch slim-screen TVs made by Hon Hai Precision Industry Co (鴻海精密) at the lowest price of NT$13,990 (US$476) per unit for TV sets with the same specifications. The announcement came after Hon Hai unveiled its partnership with President Chain Store Corp (PCSC, 統一超商) to sell 50-inch TVs at NT$19,990 per unit earlier this month. However, consumers must sign a three-year service contract to get the 50-inch TVs. Kbro also cut prices by as much as 20 percent for 40-inch, 60-inch and 70-inch TV sets made by Hon Hai, the company said in a statement released on Thursday. The prices were reduced between NT$900 and NT$3,600 per unit, according to the statement.

FOREX

Economy boosts NT dollar

The New Taiwan dollar rose NT$0.006 against the US dollar yesterday to close at NT$29.446 amid an improved outlook for the regional economy, dealers said. Turnover totaled US$566 million during the trading session. Traders showed greater willingness to hold onto regional currencies, including the NT dollar, after China reported 7.8 percent growth in the third quarter, which was brisker than in the first two quarters of the year, they said. Buying in Taiwan’s equity market also added downward pressure on the US dollar throughout the trading session before the central bank stepped in to prop up the currency, they added.

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