AFFLUENT CLIENTELE: Competition to serve Taiwan's high net-worth individuals is intensifying, with AIG Wealth Management Services the latest to join the fray
American International Group Inc (AIG), the world's biggest insurer, launched its wealth management business in Taiwan yesterday, saying it expected the new business to become profitable by the end of next year.

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At the end of an alley outside Taipei, a black Mercedes-Benz sedan blocks a sliding-glass door that opens only from within. Inside, technophiles can buy iPhone knockoffs for two-thirds the legitimate price.

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By Jason Tan
Taiwanese-French hypermarket venture RT-Mart (大潤發) yesterday announced the promotion of Jean-Francois Simon to president.

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By Lisa Wang
Local employers remain positive about hiring in the fourth quarter, but momentum is slowing given concerns about economic growth, a poll showed yesterday.

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FRED NETWORK: A number of bidders may appear -- BlackBerry, DirecTV or even unknown bidders `named Fred.' However, Apple is the one to watch, analysts say
Apple Inc may bid for the rights to a wireless spectrum auctioned by the Federal Communications Commission (FCC), a risky but intriguing move that would help carry the consumer electronics company into the telecommunications realm.

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PREPARATION: Record consumption on three days in July increased concerns about potential blackouts. The company is responding by spending on equipment
Taiwan Power Co (Taipower, 台電), the nation's biggest electricity producer, plans to increase spending on plants, power lines and other equipment by 9.1 percent next year to help prevent blackouts.

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Net tax revenue for the first eight months reached NT$1.17 trillion (US$35.22 billion), an increase of NT$89 billion or 8.2 percent from the same period last year, a financial official said yesterday.

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Shares up on deal-seeking

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