ECONOMIC CHEER: The Chung-Hua Institution for Economic Research raised its GDP growth forecast for this year, citing increased domestic consumption and investment
By Jessie Ho
Backed by improving domestic consumption and investment, Chung-Hua Institution for Economic Research (CIER, 中經院) yesterday raised its GDP forecast for this year to 4.17 percent, slightly up from the 4.13 percent it predicted in November.

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By Jessie Ho
Making his first speech since taking over as head of the European Economic and Trade Office in Taiwan last month, Guy Ledoux yesterday outlined his plans to bolster trade and investment between the EU and Taiwan, with strengthened intellectual property rights (IPR) protection as the primary theme.

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By Kevin Chen
ProMOS Technologies Inc (茂德科技), the nation's third-largest maker of computer memory chips, yesterday gained government approval to manufacture chips using the advanced 0.18-micron process technology in China.

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By Amber Chung
The nation's soaring household debt levels from fast credit expansion in previous years are expected to ease off this year, in the wake of recovering household income and the stabilizing of the unsecured bad loans problem, MasterCard Worldwide reported yesterday.

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By Jason Tan
Sony Computer Entertainment Asia yesterday announced that a Taiwanese vendor will partly develop a game for its popular PlayStation 3 (PS3).

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PROFITS SQUEEZE: The new services come as telecom carriers could suffer an earnings decline due to tariff reductions of as much as 5.35 percent
By Lisa Wang
Taiwan's top telecom operator Chunghwa Telecom Co (中華電信) yesterday said it would offer subscribers free online streaming videos -- including live US Major League Baseball games featuring Wang Chien-ming (王建民) and other Taiwanese players -- in a bid to boost revenues and its subscriber numbers.

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GADGET HEAVEN: A wide range of electronic goods will be on show from tomorrow, including home appliances, computer peripherals and satellite reception products
By Jason Tan
DigiTronics Taipei, an international business-to-business professional electronics show, will open tomorrow and run through Tuesday at the Taipei World Trade Center Exhibition Hall I.

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By Amber Chung
Cathay Financial Holding Co (國泰金控), the nation's largest financial group by assets, is looking to expand its banking franchise network nationwide through acquisition of local banks, a company executive said.

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By Amber Chung
The Ministry of Economic Affairs' Investment Commission announced yesterday that it has given Taiwan-based China Life Insurance Co (中國人壽) approval to invest US$32.3 million in its Shanghai venture.

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TAIEX slides on retreat
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