October export orders beat estimates
ROBUST DEMAND:
Orders from Europe and Asia for IT, communications and consumer electronics products resulted in 18 percent growth to a record high of US$32.2 billion
By Kevin Chen Export orders rose 17.99 percent year-on-year to a record US$32.2 billion last month, the Ministry of Economic Affairs reported yesterday in a statement posted on its Web site.
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Huge potential in Taiwan for casinos, magnate says
BIG BUCKS:
Las Vegas casino industry veteran Larry Woolf compared Taiwan favorably with Macau, which posted US$2.6 billion in third quarter gambling revenue
Casinos in Taiwan may generate US$3 billion in total annual revenue should legislation to legalize the industry be passed, according to Las Vegas-based industry magnate Larry Woolf, who manages 13 casinos in North America.
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Premier defends GDP growth projection
By Flora Wang and Shih Hsiu-chuan Premier Chang Chun-hsiung (張俊雄) yesterday defended the government's rosy economic growth forecast for this year, saying the figure can stand scrutiny.
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ANALYSIS: Business leaders cautious on TSE opening to China
WELCOME MOVE:
While most believed Chinese capital could give the local bourse a much-needed lift, they thought this was unlikely to happen any time soon
By Joyce Huang The Taiwan Stock Exchange's (TSE) plan to allow Chinese investors to buy Taiwanese stocks is unlikely to take effect ahead of the opening of direct transportation links, although such a liberal move would greatly benefit the domestic stock market, local business leaders said.
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Chain store exhibitors increase two-fold
By Jerry Lin The 2007 Taiwan International Chain Stores Fair opened yesterday at the Taipei World Trade Center Exhibition Hall I, with the number of exhibitors doubling to 90 and the number of booths rising 33 percent to 210 compared with last year.
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Chi Mei to open plant in Vietnam
By Lisa Wang Chi Mei Optoelectronics Corp (奇美電子), the nation's second-biggest liquid-crystal-display (LCD) panel maker, yesterday confirmed that it plans to build a multibillion dollar television and computer panel assembly line in Vietnam.
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TAIEX hits three-month low amid volatility concerns
Taiwanese share prices closed 1.85 percent lower yesterday to a three-month low as optimism over domestic economic growth gave way to concern about global volatility, dealers said.
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Business Briefs
WTO block could prompt crisis
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