SYDNEY: Yesterday's ministerial meeting focused on efforts to establish an Asia-Pacific free-trade area, but developing countries are not sure that it should be the top priority
By Jessie Ho and Jimmy Chuang
The annual APEC ministerial meeting opened yesterday with calls to push the Doha Round of WTO negotiations and regional economic integration.

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By Jason Tan
High Tech Computer Corp (HTC, 宏達電子), the world's largest maker of smartphones using Microsoft Corp's operating system, is hoping a partnership with Qualcomm Inc will help it win a larger share of the advanced handset market.

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PRESSURE: The Financial Supervisory Commission hopes the changes will boost momentum for industry consolidation
By Kevin Chen
Establishing new financial holding companies will require meeting tighter requirements as the government aims to maintain healthy development in the financial sector, the Financial Supervisory Commission (FSC) said.

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By Jessie Ho
With its growing economic muscle, China's ambition of taking the lead role in Asia is on show at this year's APEC summit, a move which puts Taiwan in an unfavorable position in the international arena.

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The consumer price index last month was up 1.59 percent year-on-year due to price hikes in farm and fishery products, the Directorate General of Budget, Accounting and Statistics (DGBAS) said yesterday.

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INCREASED OUTPUT: The world's fifth-largest steel group said it hopes to boost sales to more than US$50 billion a year and climb the world rankings of steel firms
AFP and AP, SHANGHAI and BRUSSELS

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INCREASED OUTPUT: The world's fifth-largest steel group said it hopes to boost sales to more than US$50 billion a year and climb the world rankings of steel firms
China's largest steel maker plans to nearly quadruple capacity to 80 million tonnes by 2012, making it the world's second-largest producer, state press reported yesterday.

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Deputy Minister of Finance Chang Sheng-ford (張盛和) said yesterday that a government proposal to cut the corporation tax rate to less than 16.5 percent would be imposed only after the Statute for Upgrading Industries (促進產業升級條例) expires.

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Bloomberg

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Shares flat after early gains
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