Sat, Feb 08, 2014 - Page 14 News List

Taiwan News Quick Take

Staff writer, with CNA


Macronix posts weak sales

Macronix International Co Ltd (旺宏電子), which counts Japanese video game console maker Nintendo Co Ltd as top client, yesterday posted a weakest monthly revenue in eight months its last month due to slow seasonal demand. Revenue shrank 1.7 percent to NT$1.65 billion (US$54.27 million) last month, compared with NT$1.67 billion in December, according to a company statement. That was the lowest level since May of last year, during which Macronix made NT$1.63 billion. Compared with NT$1.63 billion in January last year, revenue rose about 0.7 percent. Last month’s figure is still far below the break-even point of NT$2.5 billion, a level Macronix set last month.


Average debt rises

The average national debt shouldered by each citizen in Taiwan rose to NT$234,000 last month due to increased financial needs ahead of the Lunar New Year, the Ministry of Finance said yesterday. As of the end of last month, the central government’s long-term and short-term debt totaled NT$5.4618 trillion, up NT$124.94 billion from the previous month. The increase added NT$6,000 to each individual’s debt, the ministry said. The rise was attributed to additional central government spending on subsidies for the labor insurance program and for local governments, which were short of funds for year-end bonuses for their staff.

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