PASSING THE BUCK: The company, which commands more than 50 percent of the domestic market for most steel products, has been hammered by increasing costs
By Kevin Chen
China Steel Corp (中鋼), the nation's largest and sole integrated steelmaker, will increase its domestic steel prices by 5.42 percent on average for next quarter to reflect higher raw material costs and shipping fees, the company said yesterday.

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HEMORRHAGING CASH: A professor told a seminar organized by the Taiwan Securities Association that total capital outflows could be as high as US$1 trillion
By Joyce Huang
The nation's high-income earners have parked more than NT$1 trillion (US$31 billion) in offshore accounts to avoid a maximum of 50 percent inheritance taxes in Taiwan, depriving local securities companies of business opportunities, analysts said yesterday.

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By Jerry Lin
DisplaySearch has forecast that global notebook shipments will reach 120 million units next year, and local manufacturers Acer and Asustek Computer Inc (華碩電腦) are sharpening their product lineups to grab a large share of those sales.

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COLOR OF MONEY: Chi Mei's sixth-generation plant in Tainan got the go ahead, but the flat-panel maker also plans a eighth-generation plant
Taiwan's environmental protection agency has cleared flat panel maker Chi Mei Optoelectronics Corp (奇美電子) to resume building a new factory in Tainan, a company executive said yesterday.

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The unemployment rate dropped to 3.92 percent last month from 3.99 percent in September mainly as a result of a decline in first-time job seekers, the government said yesterday.

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POWER: Lai Shyh-bao said that Taiwan should consider ending its current `nuclear-free homeland policy, ' but the Minister of Economic Affairs had little to say about it
Minister of Economic Affairs Steve Chen (陳瑞隆) declined to respond positively yesterday to an opposition lawmaker's suggestion that the country build more nuclear power plants to help increase the proportion of nuclear power.

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Foxconn International Holdings Ltd (富士康控股), the world's biggest contract manufacturer of mobile phones, plans to invest at least US$500 million in the next few years on a new factory in southern China to expand production.

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By Joyce Huang
The government's planned integration of the four local equities markets into one financial holding company may be shelved until a new legislature is elected early next year, a public hearing was told yesterday.

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Taiwan shares close higher

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