RADIO RUMPUS: The Fair Trade Commission accused Jaw Shaw-kong of illegally merging the broadcasting firms after he inserted his UFO management team at BCC
By Jerry Lin
The Fair Trade Commission (FTC) yesterday imposed a fine of NT$3 million (US$92,000) on UFO Network (飛碟廣播公司) for failing to report its takeover of Broadcasting Corporation of China (BCC, 中國廣播公司), an FTC official told reporters yesterday.

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BEIJING BONANZA: The transmission of next year's lympic Games in high definition is expected to lead to a boost in demand for LCD TV manufacturers
By Lisa Wang
Sales of liquid-crystal-display (LCD) televisions grew by more than 33 percent quarterly to 207,286 units in the third quarter as TV makers cut prices to further spur demand, market researcher International Data Corp (IDC) said yesterday.

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LEARNING CURVES: The fast-food retailer used a survey to argue that kids should get out more. If the parents aren't around, then KFC stores will take them in
By Jerry Lin
More than 90 percent of Taiwanese children spend leisure time on watching television, going online and playing video games, with less than 1 percent on reading, painting and playing chess, a survey by restaurant KFC found yesterday.

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The Council of Economic Planning and Development said yesterday that the nation's inward foreign direct investment (FDI) continues to see solid growth after Taiwan was ranked sixth among Asian countries last year.

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Taiwanese stocks declined yesterday, lead by Asustek Computer Inc (華碩電腦) and other large caps, before the nation's central bank decided to raise borrowing costs to contain inflation.

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China Steel Corp (中鋼), the nation's largest and sole integrated steelmaker, said yesterday it would invest US$293 million to produce steel in Vietnam in a joint venture with a group of overseas steelmakers, including Japan's Sumitomo Metal Industries.

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MIXED BAG: Although South Korea's jobless rate is among the lowest in the world, job quality has deteriorated, with fewer people lucky enough to have full-time work
South Korean president-elect Lee Myung-bak repeated his vow to promote a "business-friendly atmosphere" as he encourages corporate investment and "actively" seeks foreign investment to boost the country's economy.

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FALLING SHORT: Japan's economic growth has not met market and government expectations this year as a result of sluggish business investment, a housing sector slump and falling exports
Japan's central bank left its super-low interest rates unchanged for a 12th straight meeting yesterday amid growing worries about the health of the global economy.

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NT dollar gold futures approved
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