COMPETITIVENESS: The European Chamber has listed 10 ways the next government could improve the economy. Topping the list is normalizing cross-strait economic ties
By Jessie Ho
The government must act to bring Taiwan back on track in economic development or it will only fall further behind other regional competitors, the European Chamber of Commerce in Taipei (ECCT) said yesterday.

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GAINING A STAKE: Chunghwa Picture Tubes will receive NT$1.97 billion in cash and 128 million new shares of Giantplus Technology for the factory
By Lisa Wang
Chunghwa Picture Tubes Ltd (CPT, 中華映管), the nation's third-largest maker of flat panels, signed an agreement with Giantplus Technology Co (凌巨) yesterday to sell a less advanced plant for NT$6.5 billion (US$200.6 million) to the handset screen maker.

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Alibaba.com Ltd (阿里巴巴), the largest e-commerce site in China, plans to enter the local market by forging strategic alliances with local companies, founder and chairman Jack Ma (馬雲) said in Taipei yesterday.

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A symposium on financial stability analysis organized by the Southeast Asian Central Banks Research and Training Center and the Bank of International Settlements (BIS) opened yesterday in Taipei.

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Lawmakers across party lines urged the Financial Supervisory Commis-sion (FSC) yesterday to strengthen the stock market's transparency by disclosing the cash flow of four government-run funds as well as the National Stabilization Fund.

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TAKING CONTROL: Regulators have encouraged strong Chinese firms to list on home markets in the hope they can improve the quality of listed companies and deflate prices
Asia's top oil and gas producer PetroChina Co (中石油) became the world's largest company by market value yesterday, overtaking US giant ExxonMobil as its shares surged on their debut in mainland China.

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Stocks gained, snapping a four-day drop, after the ruling party's presidential candidate proposed introducing a new policy that would welcome Chinese investors and ease investment limits. Hon Hai Precision Industry Co (鴻海精密) paced the gains.

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Telekom Malaysia Berhad, Southeast Asia's second-biggest phone company, rose the most in a month in Kuala Lumpur trading after a newspaper said Vodafone Group PLC may buy 25 percent of its mobile unit for US$3 billion.

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Victor announces TV recall
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