RETAIL PROPERTY: A real estate agency voiced confidence it could close the deal by next month as offers by foreign and local investors are close to Sunrise's asking price
By Jerry Lin
Debt-ridden Sunrise Department Store (中興百貨) is expected to sell its retail property in Taipei for NT$1.7 billion (US$55.3 million) to NT$2 billion by the end of next month, real estate agency Savills Taiwan said yesterday.

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By Jerry Lin
The financially troubled Idee Department Store (衣蝶百貨) yesterday said it would postpone its planned auction tomorrow to April 18 as trademark and rental problems persist.

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SHAKEUP: Edmund Koh of DBS Group would take over as president on April 28. The bank also denied any link or impact from the bankrupt Carlyle Capital
By Kevin Chen
After days of speculation, Ta Chong Bank (大眾銀行), the nation's fifth-biggest cash card issuer by lending balance, finalized its management shake-up yesterday, but its share price remained under pressure as the global credit crisis continued to cast its shadow over the market.

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The government has drafted a set of development guidelines for the emerging energy-saving industry, highlighting the potential of certain sectors in the industry while proposing incentives to induce private investment in those areas, senior officials at the Ministry of Economic Affairs said yesterday.

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By Lisa Wang
First International Telecom Corp (大眾電信), the nation's only mobile operator on PHS low-power systems, said yesterday it had raised NT$810 million (US$26.2 million) via a private placement to finance the deployment of a high-speed WiMAX network.

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By Lisa Wang
The presidential election may be a good opportunity for foreign investors to revaluate the Taiwanese stock market, especially if the new administration takes faster action in improving cross-strait ties and adopts more economic stimulus measures, Merrill Lynch & Co said yesterday.

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GOOD DEMAND: Demand for steel has been boosted by rapid expansion in Taiwan's GDP, raising the price of the alloy maker's shares by 3.5 percent this year
China Steel Corp (中鋼), Taiwan's largest maker of the alloy, had a 3.2 percent gain in fourth-quarter profits as increased demand enabled the company to raise prices and more than offset higher costs.

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Three local manufacturers were among those named as winners of the second annual AutoTronics Innovation Awards yesterday for their innovative fleet management, tracking and video and voice transmission products.

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Morgan Stanley, one of the world's biggest investment banks, yesterday reported strong stock and bond trading that pushed first-quarter results above Wall Street projections.

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TAIEX jumps on rate cut
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