COMMUNICATIONS: Starting next month, demand for chips used in mobile phones and consumer applications should ensure a strong third quarter for the chipmaker
By Lisa Wang
United Microelectronics Corp (UMC, 聯電), the world's second-biggest chipmaker on a contract basis, yesterday projected a faster-than-expected 6 percent to 8 percent growth in revenues this quarter.

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By Amber Chung
The property-rich Cathay Financial Holding Co (國泰金控), which has started to raise rents to increase returns, plans to conduct a real estate revaluation by the end of this year, a move which analysts said could suggest the company's investment value is rising.

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SHIFTING GEAR: In light of the difficult market for new cars, many vendors are turning to used cars, with auctions turning to electronic bidding systems to expand their reach
By Jason Tan
After months of losing steam, sales of new vehicles in Taiwan showed some signs of recovery, government data showed yesterday.

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By Jessie Ho
The Cabinet should communicate with the legislature on passing the government's general budget this year for major public projects, the Council for Economic Planning and Development said yesterday, adding that a stalled budget could endanger economic growth.

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By Jackie Lin
Less than two months ahead of its board elections, state-controlled China Development Financial Holding Co (中華開發金控) chairman Lin Cheng-yi (林誠一) yesterday refused to declare whether he would support government or private shareholders.

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UPHILL BATTLE: Banks are likely to face challenges to restore their profitability because of declining interest spreads and slow market consolidation, the agency said
By Amber Chung
Taiwan's banks face another tough year in their battle to restore profitability as operating conditions tighten across the sector, Standard & Poor's Ratings Services (S&P) said yesterday.

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By Jessie Ho
Ya Hsin Industrial Co (雅新實業) and two other listed companies are expected to be ordered to suspend their stock trading if they miss a deadline for submitting their financial reports for last year and the first quarter to bourse regulators, the Taiwan Stock Exchange said yesterday.

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By Jackie Lin
Taiwan Ratings Corp (中華信評) yesterday downgraded private lender Ta Chong Bank's (大眾銀行) long-term outlook rating from positive to stable because of its slowing progress in the improvement of its financial profile, including profitability and capitalization.

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