STRATEGY: The private equity firm intends to work closely with Taiwan Sumida on research and development, manufacturing and sales and help its overall growth
By Felix Hong
Private equity firm H&Q Asia Pacific (H&QAP, 漢鼎亞太) announced yesterday it had acquired an 85.1 percent interest in Taiwan Sumida Electronics Inc (Taiwan Sumida) (台灣勝美達), the second-largest manufacturer of inverters used in notebook computers.

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SOLUTION: Employees said they would prefer that ownership of the company be sold to a new interest than for the company to become another Alexander
By Jerry Lin
About 300 Idee Department Store (衣蝶百貨) employees held an hour-long protest in Taipei yesterday in a bid to safeguard their jobs and other interests. The strike forced the department store to close its doors from 11am to 2pm.

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By Lisa Wang
Sales last month of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world's biggest made-to-order chipmaker, were up 31 percent as demand for computers and handsets recovered from an inventory-driven downturn.

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By Judy Lin
Tax reforms and continued efforts to improve government finances will be the two main priorities of the government this year, Minister of Finance Ho Chih-chin (何志欽) said during a press conference yesterday.

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The European Central Bank (ECB) held its main interest rates steady yesterday against a background of rising inflation and slowing growth, shortly after the Bank of England (BoE) did the same.

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WRITEDOWNS: The company, which is scheduled to release a full, audited report before the end of April, said full-year profit almost tripled to NT$30.9 billion
Cathay Financial Holding Co (國泰金控), Taiwan's biggest financial services company by market value, posted a fourth-quarter loss after writedowns for subprime investments and provisions for stock losses.

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An explosion at an Asahi Glass Co factory in South Korea killed one worker and injured two, the Tokyo-based company said. The company's shares fell.

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By Jerry Lin
The Consumers' Foundation (消基會) acted on behalf of consumers and filed for Alexander Group's (亞力山大集團) bankruptcy at the Taiwan Taipei District Court yesterday.

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Alarm for Asia Pacific Telecom
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