MADE OF MONEY: Formosa Plastics was top by net worth, while China Development's profit grew the most last year, the China Credit Information Service rankings showed
By Joyce Huang
Cathay Financial Holding Co (國泰金控) topped the nation's 300 biggest conglomerates by asset value last year, while Formosa Plastics Group (台塑集團) took the lead by net worth and China Development Financial Holding Corp (中華開發金控) saw the biggest profit growth, a local credit agency's end-of-year rankings showed yesterday.

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By Jerry Lin
The nation's investor sentiment index dropped to minus 104.72 this month, the lowest since October 2005, when it hit minus 109.4, as a result of political bickering, weak global stock markets and foreign capital outflows, an economist said yesterday.

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By Lisa Wang
Chunghwa Telecom Co (中華電信) said it has invested NT$168 million (US$5.16 million) in Worldwide Interoperability for Microwave Access (WiMAX) license holder Global Mobile Corp (全球一動) in its bid to be able to offer high-speed wireless services.

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By Lisa Wang
Samsung Electronics Co aims to increase the revenues of its local branch by 30 percent next year by boosting its market share in mobile phones and other electronics devices, a company executive said yesterday.

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NT DOLLAR DOLDRUMS: As capital outflows continue, the Taiwan dollar is likely to remain weak with an average exchange rate of NT$32
By Joyce Huang
The nation's economic growth will slow to 4.2 percent next year, following a 5.41 percent increase this year, revised upward from an earlier estimate of 4.61 percent, a Taipei-based economic research team said yesterday.

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DECLINING REVENUES: Analysts speculated as to why the firm had again reduced its outlook, but many still maintained a `buy' rating for the local chip supplier
BY Kevin Chen
MediaTek Inc (聯發科) saw its share prices plunge by the daily limit yesterday after the company announced another cut in its revenue forecast for this quarter.

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A local economist yesterday criticized a proposal by opposition Chinese Nationalist Party (KMT) vice presidential candidate Vincent Siew (蕭萬長) to develop Taiwan into a free trade zone as "more a loss than a gain," saying that such an opening would harm local manufacturers and workers.

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China promised yesterday to develop renewable energy for its fast-growing economy but warned that coal consumption will grow dramatically and avoided embracing binding limits on its greenhouse gas emissions.

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Investors stay on sidelines
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