TAKING OVER: The acquisition of Enterprise Bank of Hualien will help extend its branch network to 142 across the nation and facilitate efforts to diversify its financial services
By Jackie Lin
Chinatrust Commercial Bank (中國信託商銀) yesterday outbid four counterparts in a government-held auction to acquire the debt-ridden Enterprise Bank of Hualien (花蓮企銀).

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SURGING NEEDS: Greater competition in the trade of liquefied natural gas and more diversity in sources would improve the security of the nation's long-term supply
Taiwan wants more flexibility in liquefied natural gas (LNG) purchasing contracts to be able to better match supplies amid fluctuating demand, Minister of Economic Affairs Steve Chen (陳瑞隆) said yesterday.

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By Lisa Wang
NXP Semiconductors, formerly a semiconductor unit of Royal Philips NV, said yesterday it will showcase its latest low-cost handset chips during the annual computer trade show in Taipei, targeting fast-growing emerging markets such as China and India.

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By Jason Tan
After more than two years of joint efforts with local tech firms, Industrial Technology Research Institute (ITRI, 工研院) announced yesterday it would launch mass production of a memory card in the third quarter using a homegrown standard.

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STAYING SHARP: In its `2007 Taiwan White Paper' released yesterday, the American Chamber of Commerce in Taipei said that Taiwan has lost some of its economic bite
By Jessie Ho
The government should tackle underlying systemic problems so Taiwan can remain a dynamic economic player, the American Chamber of Commerce in Taipei (AmCham) said yesterday.

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By Jackie Lin
Under the guidance of the Industrial Technology Research Institute (ITRI), a local company yesterday launched what it called the nation's first pure bottled deep-ocean water for drinking.

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Shares closed little changed yesterday as end of month portfolio adjustments eroded gains made after Wall Street's strong overnight rebound, dealers said.

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Sports lotto moves forward

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