Overseas investment cap raised
GOOD REVIEWS:
After bringing cheer to the nation's insurers, the legislature passed an amendment to the Copyright Act which was praised by record industry representatives
By Shih Hsiu-chuan,Jackie Lin, Jessie Ho and Amber Chung The legislature yesterday passed an amendment to the Insurance Law (保險法) to raise the overseas investment cap for local insurance companies from the current 35 percent to 45 percent of working capital.
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Chunghwa Picture puts faith in smaller panels
SMALL IS BEAUTIFUL:
The firm will allocate more capacity at a less advanced factory to making liquid-crystal-display screens used in mobile phones and portable DVD players
By Lisa Wang Chunghwa Picture Tubes Ltd (中華映管), the nation's third-largest liquid-crystal-display (LCD) panel maker, yesterday said it planned to more than double the production of high-margin small and medium sized screens next year to meet fast-growing demand.
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McDonald's launches home deliveries
By Jackie Lin McDonald's announced it can now deliver orders to your doorstep, rain or shine, without restrictions on the size of the order.
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FSC warns on data transfer following Hsinchu takeover
By Amber Chung The Financial Supervisory Commission yesterday approved Hsinchu International Bank (新竹國際商銀) taking over Standard Chartered Bank's operations and assets in Taiwan.
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Acer revises down this year's revenue growth projection
By Jason Tan Acer Inc yesterday revised downward its revenue growth to less than 40 percent, citing a weaker-than-expected impact from the release of Microsoft's Vista operating system.
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Analysis: State must be clear on boardroom goals
TRANSPARENCY:
Financial experts are wary of government interference in financial institutions and want the ministry to put its cards on the table
By Jackie Lin The government should unambiguously state its goals when intervening in business decisions or risk earning a reputation for meddling, analysts said yesterday on the eve of two financial holding firms' shareholder meetings.
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State to dominate Hua Nan's board
By Jackie Lin The government is expected to secure a majority of board seats in Hua Nan Financial Holdings Co's (華南金控) shareholder meeting today, with chairman Lin Ming-cheng (林明成) -- who represents private shareholders -- staying at his post, the Ministry of Finance said yesterday.
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Business Briefs
Stocks near seven-year high
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