Projects win approval
The Investment Commission said on Saturday that it approved five foreign investment projects with a total value of US$104 million at its latest application review meeting. Among the five projects, Singapore-registered Jo Global Investment Pte Ltd is planning to invest about NT$1.03 billion (US$34.33 million) in Taiwan’s Gold Century Paper Co (金盛世紙業), while Himax Imaging Inc (恆景科技), which is registered in the Cayman Islands, is planning to invest NT$19.31 million in sensor and system chip development. Desirable Returns Ltd of the Virgin Islands has secured approval to invest about NT$952 million in real estate.
Hopefuls vie for jobs
About 5,000 applicants on Saturday flocked to the headquarters of China Airlines Ltd (CAL, 中華航空) to compete for about 130 flight attendant positions. Compared with an acceptance rate of 4 percent last year, the competition is even more severe this time, the airline said. Those with foreign language skills could have an advantage, it said.
Deutsche Bank issues bonds
Deutsche Bank became the first foreign institution to issue yuan-denominated bonds in Taiwan, after the German banking group listed the bonds on the over-the-counter market on Friday. Deutsche Bank is the fifth enterprise to sell yuan debt on the local market. Chinatrust Commercial Bank (中國信託商銀), textile maker Far Eastern New Century Corp (遠東新世紀), home appliance supplier Teco Electric & Machinery Co (東元電機) and Chang Hwa Commercial Bank (彰化銀行) have issued a total of 2.8 billion yuan in bonds after the government lifted a ban in early February, allowing local banks to conduct yuan-denominated transactions.