Taiwan Business Quick Take

Staff writer, with CNA

Sat, Sep 14, 2013 - Page 14

BANKING

Yuan deposits at record high

The central bank said yesterday that 85.14 billion yuan (US$13.91 billion) had been deposited in the nation as of the end of last month, up from the 76.86 billion yuan recorded at the end of July, the highest level in history. The outstanding balance of deposits totaled 54.45 billion yuan in the 61 domestic banking units as of the end of last month, from 46.56 billion yuan recorded the previous month, while those in the 55 offshore banking units totaled 30.69 billion yuan, according to data provided by the central bank. The amount remitted by Taiwanese totaled 39.64 billion yuan last month, statistics showed. Local banks settled 137.7 billion yuan last month through the Bank of China’s (中國銀行) branch in Taipei.

ELECTRONICS

Special pavilion planned

Major local electronics suppliers are planning a special pavilion at an upcoming electronics exhibition in Suzhou, China, to showcase Taiwan’s strength in touch-panel-related technology, the Taipei Computer Association said yesterday. At this year’s Electronics Manufacturer Exposition China from Oct. 16 to Oct. 20, Taiwanese suppliers such as PC vendors Acer Inc (宏碁) and Asustek Computer Inc (華碩), touch-panel supplier TPK Holding Co (宸鴻) and touchscreen chip designer Elan Microelectronics Corp (義隆) plan to display their new devices at the Taiwan pavilion, the association said.