THINGS LOOKING UP: The company supplies silicon wafers to some of the nation's leading solar cell makers, including Motech Industries Inc and E-ton Solar Tech Co
By Lisa Wang
Shares of local silicon wafer supplier Formosa Sumco Technology Corp (台勝科) jumped 3.68 percent in an initial public offering (IPO) on the main bourse yesterday over its expansion into the bullish solar industry.

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By Jerry Lin
Information and Communications Technology (ICT) Industry products accounted for 49.5 percent of the nation's export value, worth more than US$200 billion, from January to October this year, up 15.5 percent compared with last year's US$224 billion, according to the Council for Economic Planning and Development (CEPD).

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MISTAKEN? : There was speculation that potential buyers may have overestimated the competition as no bidders took part in the auction
By Joyce Huang
Shin Kong Bank (新光銀行) -- a subsidiary of Shin Kong Financial Holding Co (新光金控) -- yesterday failed in an auction to sell its 14-story financial building located on Minsheng E Road in Taipei for a floor price of NT$7 billion (US$216.57 million).

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By Joyce Huang
Battered by financial difficulties, the Alexander Group (亞力山大集團), parent company of the nation's leading fitness centers, Alexander Health Clubs, (亞力山大健康休閒俱樂部), yesterday shut down all of its 20 branches without prior notice to members.

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Chi Mei Optoelectronics Corp (奇美電子), Taiwan's leading flat-panel maker, said yesterday it was planning a NT$65 billion (US$2.01 billion) capital expenditure program for next year.

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EXPANSION: The Singaporean carrier is eager to tap into Asia's expanding air traffic in line with the ASEAN pledge to free up air services between their capitals next year
Tiger Airways Pte, the budget carrier partially owned by Singapore Airlines Ltd, may order 20 more Airbus SAS A320 planes as it sets up a base in South Korea and expands in Australia, Malaysia and India.

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Japan's core machinery orders, a closely watched barometer of corporate capital spending, rose faster than expected in October with the first gain in three months, official figures showed yesterday.

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Shares dropped for the first time in five days yesterday. Hon Hai Precision Industry Co (鴻海精密) paced declines after a government report showed that exports grew less than expected last month.

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Brunei topped the list of Asia's richest economies by per capita income and Hong Kong emerged as the biggest spender, according to a study released yesterday.

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