FUTURE VISION: CDIC hopes to reward banks that perform well with no-cost insurance coverage. The state-run corporation hopes to start the program in 2021
By Jerry Lin
The state-run Central Deposit Insurance Corp (CDIC, 中央存保) aims to offer insurance coverage to banks that are performing well at no cost after the CDIC's funds reach NT$200 billion (US$6.15 billion).

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INJECTION: Recent gains should be considered a recovery after volatility, a local analyst said. Forty stocks closed at the upper limit yesterday
Taiwan share prices closed 0.39 percent higher yesterday, as investors were encouraged by Wall Street's strong showing overnight on news that Merrill Lynch will receive up to US$6.2 billion from two investment groups, dealers said.

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RUMORS: Cathay said in a filing to the Taiwan Stock Exchange that it does not plan to buy the bank, but a local newspaper said otherwise in a front-page article
By Kevin Chen
Cathay Financial Holding Co (國泰金控), the nation's biggest financial services provider, denied it planned to acquire the debt-ridden Chinfon Commercial Bank (慶豐銀行), a company filing to the Taiwan Stock Exchange said yesterday.

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By Kevin Chen
Major display panel makers saw share prices rise yesterday, after a Citigroup equity analyst recommended a "buy" rating for both AU Optronics Corp (AUO, 友達光電) and Chi Mei Optoelectronics Corp (奇美電子) on a positive earnings outlook.

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Taiwan placed in the top position in a rating on the state of cluster development, part of various ratings assembled by the World Economic Forum (WEF) for its 2007 to 2008 global competitiveness report, Council for Economic Planning and Development (CEPD) officials said yesterday.

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DAM: Environmentalists warn that the planned mega-dams would displace tens of thousands of people, harm river ecology and endanger species such as a giant catfish
Energy-hungry Vietnam is planning to build a US$2 billion mega-dam on the Mekong river of Laos and to construct several other large hydropower projects in the neighboring country.

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Airlines and service providers seeking to deliver high-speed Internet services to passengers say they've learned from Boeing Co's decision last year to pull the plug on its ambitions to outfit its planes with a similar service.

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President, Sazaby form JV
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