PRIVATIZATION: The Kaohsiung-based shipbuilder's president said that up to 35 percent of the shares set for release may be reserved for the company's employees
By Joyce Huang
State-run CSBC Corp, Taiwan (CSBC, 台灣國際造船), formerly known as China Shipbuilding Corp, plans to complete its privatization by selling 51 percent of its shares in November, a company executive said yesterday.

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By Meggie Lu
The Council of Agriculture (COA) said yesterday that rice flour might be mixed into regular flour as a way to lower the nation's reliance on imported foods, combat rising commodity prices and create ways to diversify rice consumption.

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HAUNTING INVESTORS: The ratings agency raised its forecast for global subprime asset-backed securities write-downs by more than US$20 billion
By Kevin Chen
Write-downs of subprime asset-backed securities by financial institutions worldwide are expected to total US$285 billion, Standard & Poor's Ratings Services said in its latest reports, increasing previous estimates by more than US$20 billion.

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By Joyce Huang
Outgoing Minister of Finance Ho Chih-chin (何志欽) yesterday said he had no regrets about stepping down.

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By Jerry Lin
The nation's bicycle companies expect an average 10 percent increase in sales this year as a result of a growing emphasis on environmental and leisure awareness.

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CHALLENGES: The shoe manufacturer said its facilities in the country were battling issues common in other places, while critics claimed it was weak on labor rights
Despite recent changes to worker rights laws in China, Nike Inc says it still finds significant labor challenges there.

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Winbond Electronics Corp (華邦電子), Taiwan's most unprofitable computer-memory chipmaker, will spin off its non-memory business on July 1, after an oversupply drove prices to a record low last year.

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The Taiwan Stock Exchange Corp (TSE, 台灣證券交易所) yesterday wrapped up Taiwan's biggest-ever investment presentation to woo foreign investment, drawing the participation of 130 foreign corporations, TSE Chairman Wu Rong-i (吳榮義) said.

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TAIEX drops on profit-taking
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