GDP growth hit 5.7% last year
STELLAR:
The marked increase in external demand was fueled by ASEAN, Vietnam and the Middle East, which accounted for 41 percent of the nation's total exports
By Judy Lin The nation's GDP growth was 5.7 percent last year, beating initial forecasts of 5.46 percent growth on robust exports. But it will likely slow down owing to global stagnation, the Directorate General of Budget, Accounting and Statistics said yesterday.
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Cosmos opens VIP NT$35m wealth management center
By Judy Lin Cosmos Bank Taiwan (萬泰銀行) opened its NT$35 million (US$1.1 million) VIP wealth management center at Taipei 101 yesterday, vowing to double its number of high-income clients within one year.
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Alcatel-Lucent launches WiMAX testing center
By Lisa Wang Franco-American telecommunications equipment maker Alcatel-Lucent yesterday unveiled its new WiMAX application and interoperability testing (IOT) center in Taipei, offering testing services for six local companies including handset chipmaker MediaTek Inc (聯發科) and telecom equipment maker Gemtek Technology Co (正文).
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Private oil supplier mulls price hikes for next month
Formosa Petrochemical Corp (台塑), the nation's sole private fuel supplier, called on the government yesterday to end its freeze on fuel prices, adding that it could raise its fuel prices next month.
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HP showcases Halo video conference suite in Taipei
STAYING IN TOUCH:
Aside from the suites HP uses, 140 studios are used by clients worldwide including PepsiCo, AIG Financial Products Corp as well as ABN AMRO Bank
By Jerry Lin Hewlett-Packard Development showcased its Halo studio in Taipei yesterday -- a videoconferencing system that enables multinational executives to talk to their business partners abroad.
[ FULL STORY ]
Quanta predicts stronger next quarter
By Lisa Wang Quanta Computer Inc (廣達電腦), the world's largest laptop computer maker on contract basis, expects shipments to grow 10 percent in the next quarter, rebounding from the seasonally slack first quarter, a company executive said yesterday.
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Huawei merger plan hits a snag
NATIONAL SECURITY:
The Chinese telco and the Beijing government were irritated by Huawei's potential merger partners pulling a takeover filing from a US committee
The global Chinese telecommunications company Huawei (華為) suffered a setback on Wednesday as US technology group 3Com and private equity firm Bain Capital said their proposed merger plan had hit a hurdle.
[ FULL STORY ]
NTT looks to transmit data through touch
They say you can tell a lot from a handshake. But while it's usually guesswork, the power of human touch will soon be used in Japan to transmit data.
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Business Briefs
Shares rally after Wall Street
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