Banks set to debut credit system
RATINGS SCHEME:
The restructuring of the credit and cash card system will beef up the approval process and allow consumers with a good record to enjoy lower rates
By Amber Chung Cardholders who have decent credit records will be able to enjoy lower lending rates in the future, as banks are required to offer graded pricing starting from next month, as part of the financial regulator's plan to restructure the debt-ridden credit and cash-card sector.
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Investors flock to Nan Ya IPO
HOTCAKES:
Subscribers can earn an expected NT$50,000 if they win the printed circuit board manufacturer's lot drawing ahead of its bourse debut
By Jessie Ho Nan Ya PCB Corp (南亞電路), the nation's third-largest manufacturer of printed circuit boards, drew a huge number of subscribers to its initial public offering (IPO) on the first two days, following in the footsteps of E-ton Solar Tech Co (益通光能), which made its debut earlier this month.
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Outlook rosy for converged handheld market
By Jason Tan Converged handheld devices will continue to enjoy popularity in the local market this year, while their pure personal digital assistant (PDA) peers will see a downturn, according to a report released yesterday.
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Solar stock plummets after probe report
By Jessie Ho The nation's leading solar cell maker saw share prices tumble by the daily limit on the local bourse yesterday, with the company reportedly under investigation by prosecutors over alleged pump-and-dump stock scams.
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Shares in Inventec plunge on worker, iPod order concerns
By Lisa Wang Shares of Inventec Appliances Corp (英華達) slipped for the fourth straight day yesterday, weighed down by speculation over dismal handset sales in the Chinese market and reduced orders from Apple Computer Inc.
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Taiwan, Japan sign new air transport capacity pact
SEAT BONANZA:
The new agreement removed the restrictions on the number of carriers on each route and raised Taiwan's passenger seat capacity by 43 percent
Officials from Taiwan and Japan yesterday approved a new air pact authorizing a robust increase in cargo and passenger transport capacities between the two countries.
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Ministry may apply `IC model' to new China investments
The Ministry of Economic Affairs will likely follow measures used in the screening of investment in eight-inch silicon wafer production in China to screen new "sensitive" or "major investment projects" in China, Vice Minister of Economic Affairs Shih Yen-hsiang (施顏祥) said yesterday.
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No easing on investment in China's financial sector
Government rules on the domestic financial industry's investment in China have not been eased out of concerns about heavy capital outflow, Financial Supervisory Commission Chairman Kong Jaw-sheng (龔照勝) said yesterday.
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Business Briefs
TAIEX up a cautious 0.2 percent
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