EIGHT-YEAR HIGH: Analysts speculated that the Central Bank will raise interest rates to ease imported inflation as the NT dollar hit 30.658 against the US dollar
By Jerry Lin
The New Taiwan dollar yesterday rose to an eight-year high of NT$30.658 against the greenback on speculation that the central bank may increase borrowing costs this month, widening the interest-rate advantage on local assets over those in the US.

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By Joyce Huang
Central Bank Governor Perng Fai-nan (彭淮南) yesterday told legislators that he does not oppose the idea of a Taiwanese sovereign wealth fund (SWF).

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By Lisa Wang
Chunghwa Telecom Co (中華電信), the nation's biggest telecom operator, yesterday said it planned to spend NT$9 billion (US$294 million) this year on optical fiber deployment to provide faster data transmission service.

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By Lisa Wang
Innolux Display Corp (群創光電), the world's second-biggest maker of liquid-crystal-display (LCD) monitors for PCs, yesterday said that it was seeking NT$25 billion (US$815 million) in syndicated bank loans to fund the construction of a new plant to match growing customer demand.

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IMPORTS UP, DEMAND DOWN: A slowdown in the US coupled with expansion in China led to a 63 percent drop in the trade gap between the countries from a year ago
China's politically sensitive trade surplus plunged last month as US and European demand for Chinese goods weakened and the country's imports rose sharply, the government reported yesterday.

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The newly built Taipei World Trade Center (TWTC) Nangang Exhibition Hall will be inaugurated on Thursday with the opening of this year's Taipei International Cycle Show, an official with the Taiwan External Trade Development Council (TAITRA) said on Sunday.

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ELECTION: Malaysia's Kuala Lumpur Composite Index tumbled 11 percent, the most in almost a decade, which triggered an automatic hour-long trading suspension
Asian stocks fell to a seven-week low, led by mining companies and automakers, after surprise job losses in the US heightened concern that the world's biggest economy is in recession.

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South Korea's household debt rose to a record last year as consumers borrowed to buy houses and spent more on credit cards, adding to concern that consumption may weaken.

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Chevron Corp said yesterday it plans to develop a liquefied natural gas (LNG) export venture based on its 100 percent-owned Wheatstone field off northwestern Australia.

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Shares follow Wall Street dive
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