FLAT-SCREEN MAKER: While the profits were at an all-time high, they represented just an 8.3 percent growth over the first quarter -- and that has analysts concerned
By Lisa Wang
Chi Mei Optoelectronics Corp (奇美電子), ranked No.2 among the nation's flat-screen makers, yesterday posted a solid quarterly result, but analysts said the strong growth may not be sustainable amid a boom-and-bust cycle.

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SCIENCE PARK: The number of jobs in the Taichung and Tainan area is expanding as technology firms expand their plants and other facilities in the region
By Jessie Ho
With two science parks in the center and south positioned to be the nation's new technology centers, high-tech professionals are showing signs of being willing to move from big cities in the north to the southern countryside, a job-tracking firm said yesterday.

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CRACKING DOWN: Ho Mei-yueh said customs agents will get more power and penalties will be increased when the Copyright Law is revised
By Amber Chung
The government has renewed its vow to protect intellectual property rights [IPR], as the effort is essential to bolster Taiwan's future economic development, Min-ister of Economic Affairs Ho Mei-yueh (何美玥) said yesterday.

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ST Assembly Test Services Ltd said it completed its acquisition of ChipPAC Inc for US$548 million in stock to form a company that will aim to be the world's third-largest provider of chip-testing and packaging services.

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The nation's inflation rate, measured by the consumer price index (CPI), rose 1.15 percent last month from June, the Directorate General of Budget, Accounting and Statis-tics (DGBAS) said in a statement yesterday.

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FINANCIAL SERVICES: Management said stock market losses were behind the fall in earnings and confirmed plans to bid on Chung Shing Bank later in the year
By Jackie Lin
Chinatrust Financial Holding Co (中信金控), the nation's sixth-largest financial service provider, reported yesterday that its net profit for the second quarter fell 11.5 percent to NT$3.43 billion, with earnings per share (EPS) at NT$1.43.

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Shares ended higher yesterday, with the TAIEX erasing early losses to end at its best level in more than two weeks.

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Wing Hang Bank Ltd (永亨銀行), Hong Kong's fourth-largest bank by market value, won approval from China's banking regulator to buy 5 percent of First Sino Bank (華一銀行), a Shanghai-based lender owned by China and Taiwan investors.

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■ Huang to fill APEC post
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