NT rise ends, but not for long: dealers
KICK OFF:
New measures next week are expected to ease appreciation of the NT dollar, which hit a high of NT$30.677 to the US dollar before closing at NT$30.950
By Judy Lin The New Taiwan dollar ended its seven-day rise yesterday, with turnover at US$3.498 billion, second only to the US$3.9 billion registered on Jan. 16 this year, when foreign capital flowed into the country following the opposition party's victory in the legislative election.
[ FULL STORY ]
MOEA bureau predicts bright future for chip makers
By Jerry Lin An estimated year-on-year growth of 10.7 percent in desktop computer sales is expected to absorb the oversupply of dynamic random access memory (DRAM) products, the Ministry of Economic Affairs (MOEA) said yesterday.
[ FULL STORY ]
LNG project will not offer stake to CPC, PetroChina
LONG TIME COMING:
LNG deliveries under the proposed venture would begin some time between 2013 and 2015 and would continue for 15 to 20 years
Woodside Petroleum Ltd, operator of the proposed Browse liquefied natural gas (LNG) project in Australia, said it intends to exclude the venture's customers from taking equity stakes.
[ FULL STORY ]
Property market could overheat
HOW HOT IS IT? INCREASING PROPERTY PRICES MAY REACH AN UNREASONA:
By Joyce Huang After seeing record growth last year, the local commercial property market may overheat this year if prices rise to an unreasonable level, which could put an end to ongoing deals, a local realtor said yesterday.
[ FULL STORY ]
FAT to sell investments to cover costs
By Judy Lin Cash-strapped Far Eastern Air Transport Corp (FAT, 遠東航空) yesterday disclosed plans to sell its non-operational investments, including shares in the Xiamen Air Cargo Hub and the Kaohsiung air cargo warehouse, to meet short-term liquidity needs.
[ FULL STORY ]
AU Optronics shares fall after storms hurt orders
GETTING IN TOUCH:
Analysts said that new orders for touch panels wouldn't pay off this year, estimating their contribution to revenue would only be about 1 percent
By Lisa Wang and Kevin Chen Sharres in AU Optronics Corp (友達光電) declined nearly 1 percent yesterday as speculation about a significant drop in sales last month offset positive impact from growing orders for its new touch panels business.
[ FULL STORY ]
Tax plan may not delight consumers
By Jerry Lin The Taiwan Flour Mills Association (台灣麵粉公會) and Taiwan Vegetable Oil Manufacturers Association (台灣植物油製煉公會) said yesterday they would cut flour and soy bean oil prices after the government's planned elimination of business taxes on commodity imports.
[ FULL STORY ]
Thai central bank to end military's currency controls
The Bank of Thailand said yesterday it would lift the remaining currency controls imposed by the previous military regime, marking a sharp shift in economic policy.
[ FULL STORY ]
Business Briefs
TAIEX follows Wall Street down
[ FULL STORY ]
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