BAROQUE STRUCTURE: The life insurance firm said that unlike other bidders, it was interested in retaining the Kuo Hua Life building and will use it as its headquarters
By Jessie Ho
Taiwan Life Insurance Co (台灣人壽) yesterday won the bid for Kuo Hua Life Insurance Co's (國華人壽) headquarters with an offer of NT$5.37 billion (US$164.7 million), saying it will use the building as its new headquarters.

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VALUE-ADDED SERVICE: Chunghwa Telecom plans to invest in Skysoft to expand its digital offerings and boost revenues in the face of falling voice traffic
By Lisa Wang
The nation's top telecom operator Chunghwa Telecom Co (中華電信) said yesterday it was planning to buy a 30 percent stake in Taiwan's biggest online music retailer, Skysoft Co Ltd (願境網訊), to provide more diverse services for its broadband, mobile and Internet TV subscribers.

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By Jessie Ho
Cathay Financial Holding Co (國泰金控) is poised to become the first Taiwanese conglomerate to operate a non-life insurance business in China after Taiwan's Investment Commission gave the go-ahead to its subsidiaries' application on Tuesday.

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SHARP EXPANSION: The `World Investment Report' said that Taiwan's inward foreign direct investment rose 356 percent last year and 291 percent in 2005
Taiwan's inward foreign direct investment (FDI) amounted to a record high of US$7.42 billion last year, ranking sixth in South Asia, East Asia and Southeast Asia, according to the World Investment Report 2007 released on Tuesday.

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By Lisa Wang
The US' Carlyle Group may obtain NT$12.3 billion (US$377 million) in syndicated loans to fund its purchase of a stake in Ta Chong Bank (大眾銀行) after Chinatrust Com-mercial Bank (中國信託商業銀行) agreed to join other lenders.

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The Chinese central bank intensified its campaign to curb excessive liquidity by ordering selected smaller lenders to set aside money with the central bank as special deposits, state media said yesterday.

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By Kevin Chen
Star Energy Corp (星能股份) won a bid yesterday to provide wind-power generation facilities to Taiwan Power Co (Taipower, 台電) for NT$3.2 billion (US$98.2 million), a filing to the Taiwan Stock Exchange showed.

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Japan's troubled electronics maker Sanyo Electric Co will not sell its semiconductor operations to another company -- a key component of its recovery plans -- because of tight credit in the aftermath of the US subprime loan crisis, it said yesterday.

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Taiwan stocks downgraded

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