CONTINUED EXPANSION: Despite the rise in property prices, Taiwan still lags behind Hong Kong, signifying more room for growth, a construction federation official said
By Jessie Ho
The nation's already hot property market will continue to expand this year on the launch of the high-speed railway, the anticipated opening up to Chinese tourism, as well as incentives to be offered by the government for next year's presidential election.

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By Jackie Lin
Although residential housing prices continue to go up, public confidence in the real estate sector last quarter rose to its highest level in nearly two years due to strong optimism expressed by people in central and southern Taiwan, according to a government report released yesterday.

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By Amber Chung
Fubon Financial Holding Co (富邦金控), the nation's sixth-biggest financial group by assets, expects earnings to recover from a trough this year, backed by falling provisioning expenses as the bad consumer loan storm stabilizes, the company said yesterday.

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By Jackie Lin
Avon Cosmetics (Taiwan) Ltd, the nation's second-largest cosmetics and skin-care product retailer, remains cautious on its business outlook this year because of low consumer confidence, the firm said yesterday.

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RECOVERING DEMAND: The world's second-largest manufacturer has seen a pickup in orders for LCD panels used in TVs, digital cameras and notebook PCs
By Lisa Wang
AU Optronics Corp (AUO, 友達光電), the world's third-biggest maker of flat panels, expects the market to rebound next quarter amid a faster-than-expected recovery in demand.

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RUMORS: A bank spokesman said Citibank's NT$14 million offer was not discussed at yesterday's board meeting, but reports the deal has been accepted helped the lender's stock on the GRETAI
By Amber Chung
Shares of the Bank of Overseas Chinese (華僑銀行) strengthened yesterday after reports said that the lender finally agreed to Citigroup Inc's buyout offer of NT$14 billion (US$425 million) and would formally announce the deal next week.

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Shares closed 1.24 percent higher yesterday as bargain-hunting picked up pace across the board, adding momentum to a technical rebound, dealers said.

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By Jason Tan
DaimlerChrysler Taiwan Ltd is expecting to maintain its luxury car sales this year an executive said yesterday.

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