QUICK FIX? : Wang Lee-rong of the Chung-Hwa Institution for Economic Research said the Cabinet's measures to combat inflation would not have a lasting effect
By Jimmy Chuang and Jessie Ho
To help stabilize soaring consumer prices, the Cabinet announced yesterday that the government had halved tariffs for seven agricultural products effective for the next six months.

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OPTIMISM: The company predicted a solid recovery next quarter from the 25 percent dip, as demand for communication devices should continue to rebound
By Lisa Wang
United Microelectronic Corp (UMC, 聯電) yesterday posted a 25 percent lower operating income for last quarter on falling prices, but the world's No.2 contract chipmaker predicted a solid recovery over the next quarter on growing demand for wireless devices such as Apple Inc's iPhone.

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CPC Corp, Taiwan (CPC, 台灣中油) said a crude distillation unit at its Kaohsiung refinery resumed its operations a day after a fire, with almost one-seventh of the company's capacity restored.

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By Jackie Lin
As the wealth management business booms, Chinatrust Financial Holding Co (中信金控) saw its pre-tax profits in the second quarter jump by 90.3 percent from the previous quarter.

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By Jason Tan
Far EasTone Telecommunications Co (遠傳電信), the nation's third-biggest mobile operator, yesterday announced its foray into the local broadband market to broaden its sources of revenue.

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