BROADENING HORIZONS: The company gained NT$6.93 billion after selling one of its plants. Hannstar also plans to start making LCD panels for smaller consumer electronics
By Lisa Wang
HannStar Display Corp (瀚宇彩晶), one of the nation's flat panel makers, yesterday reported record quarterly profits, benefiting from improved demand and gains from selling a plant.

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SMOOTH DEMAND: Contenders in the industry are expected to face less pressure than major brand LCD product companies and TV makers, the analysts said
By Judy Lin
The outlook is stable for the Asia-Pacific thin-film-transistor liquid-crystal-display (TFT-LCD) sector this year, as robust shipment growth and rational capacity expansion will provide firm profitability and cash flow, Fitch Ratings analysts said in a teleconference yesterday.

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By Joyce Huang
The Development Bank of Singapore (DBS, 星展銀行) yesterday beat two other local bidders to assume control of the debt-ridden Bowa Commercial Bank (寶華銀行) in an auction organized by the Central Deposit Insurance Corp (CDIC, 中央存保).

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By Jerry Lin
Sunplus Technology Co (凌陽科技), one of the nation's biggest suppliers of chips for consumer electronics, reported yesterday that its net profits dropped 30.6 percent year-on-year to NT$2.06 billion (US$64.03 million) last year from NT$2.97 billion as a result of its business realignment.

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SELLING GREENBACKS: A dealer said the US rates cut also helped the local currency, but added it may face a NT$31.80 cap because of central bank intervention
By Judy Lin and Kevin Chen
The New Taiwan dollar rose NT$0.02 higher yesterday against the US dollar, as exporters converted their greenbacks into the local currency ahead of the Lunar New Year holidays, dealers said.

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By Kevin Chen and Jerry Lin
The nation's automobile industry reported a disappointing 17 percent decline in sales last month from a year earlier, despite a slew of promotion activities ahead of the Lunar New Year holidays.

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By Joyce Huang
Marking its 20th anniversary, ING Life Taiwan (安泰人壽) yesterday said that its first-year premium income reached NT$29.6 billion (US$920 million) last year, or 65 percent growth from one year earlier.

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Taiwan shares close up [ FULL STORY ]