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    Taishin Financial posts profit recovery

    IN THE BLACK: After recovering from huge loan losses, the firm expects continued growth this year, backed by its consumer loan and wealth management businesses
    By Judy Lin
    After taking a hit from credit card loan defaults in 2005 and 2006, Taishin Financial Holdings Co (台新金控) returned to the black last year, posting a net profit of NT$4.49 billion (US$139 million), or NT$0.54 per share.

    [ FULL STORY ]


    Green Energy shares slip in debut on main exchange

    By Lisa Wang
    Shares of Green Energy Technology Inc (綠能科技), the nation's top solar wafer maker, fell 3.64 percent on its first trading session on the main exchange to below its initial public offering (IPO) price of NT$165 (US$5.10).

    [ FULL STORY ]


    MIC says upgrades driving professional software market

    By Felix Hong
    The professional software market in Taiwan is set to grow by 10.4 percent to NT$29.2 billion(US$903.6 million) this year and NT$35 billion in 2010, the Market Intelligence Center (MIC, 資策會) said in a report yesterday.

    [ FULL STORY ]


    Half of Asian firms polled see Web 2.0 as vital opportunity

    By Felix Hong
    Half of the Asian firms surveyed by market researcher IDC (國際數據資訊) agreed that the so-called "Web 2.0" phenomenon is an important business opportunity.

    [ FULL STORY ]


    Game show hopes to attract 300,000 visitors

    By Jerry Lin
    The five-day 2008 Taipei Game Show (台北國際電玩展), which opened at the Taipei World Trade Center on Thursday, is expected to attract 300,000 visitors this year, down 10 percent from last year's 330,000 visitors.

    [ FULL STORY ]


    Societe Generale scandal affects funds

    Concern over the trading scandal at Societe Generale spread to Taiwan yesterday, with some investors rushing in to redeem holdings in funds under management by the French bank's subsidiary, Societe Generale Asset Management (SGAM).

    [ FULL STORY ]


    Investors in Asia boosted by Wall Street's advances

    STIMULUS: The markets welcomed news of a tax rebate for US taxpayers. Stocks in Tokyo and Hong Kong almost erased the steep losses they suffered earlier this week
    Asian markets rallied for a third day yesterday to wrap up a tumultous week as investors took heart from Wall's Street's gains overnight and positive US jobs figures.

    [ FULL STORY ]


    South Korea's economic growth ramped up in Q4

    South Korea's economic growth accelerated in the fourth quarter of last year amid strength in exports and manufacturing, the Bank of Korea said yesterday.

    [ FULL STORY ]


    Taiwanese stocks close up on Wall Street, Asian gains

    Share prices closed 2.96 percent higher yesterday, tracking Wall Street's continued rally overnight and further gains in other Asian markets, dealers said.

    [ FULL STORY ]


    Business Briefs

    Chunghwa Telecom profits rise

    [ FULL STORY ]


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