Largan sees 55% drop in profit for Q2
LENSMAKER:
Shipments dropped as the company's top customers struggled, although sales are set to rise in the current quarter on rising iPhone demand
By Jason Tan Largan Precision Co (大立光), the nation's leading manufacturer of camera lenses, saw a dip in profitability in the second quarter after a drop in shipments to major customers.
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Incentives offered to promote exhibition center in Nangang
By Jason Tan The Taiwan External Trade Development Council (TAITRA, 外貿協會) is offering incentives to overseas exhibitors to promote the Taipei World Trade Center's (TWTC) Nangang Exhibition Hall, which is set to open in March next year.
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Broadcaster plans private stock issue
By Jessie Ho Eastern Broadcasting Co (東森電視), a cable TV network affiliated with the scandal-ridden Eastern Multimedia Group (東森媒體集團), said it would raise between NT$3 billion (US$91 million) and NT$3.5 billion through a private placement to strengthen its financial structure.
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China `largely immune' to global market woes
A DIFFERENT DRUM:
While most central banks are seeking to increase cash flow, Beijing hopes to tighten it, demonstrating that the market is in a league of its own
China's bid to tighten liquidity while most central banks worldwide are battling to boost cash flows underlines the Asian giant's status as largely immune from the troubles afflicting global markets.
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Teco to buy stake in Syntax-Brillian
By Jason Tan Home appliance maker Teco Electric & Machinery Co (東元電機) yesterday announced that it plans to spend US$20 million to gain a 3.5 percent share in the US-based Syntax-Brillian Corp.
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Gambling prospects to be examined at Taipei summit
The Taiwan Gambling & Entertainment Summit 2007 is scheduled to be held in Taipei City on Monday with the aim of examining the prospects of Taiwan becoming another gambling mecca after Las Vegas, Macau and Singapore.
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Business Briefs
TAIEX closes mixed
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