OUCH: Profits for the central bank have been squeezed by the US cuts. If the NT dollar gains by another NT$1 against the US dollar, the bank will lose NT$10.5 billion
By Jerry Lin
The central bank said the US Federal Reserve's interest-rate cuts have put pressure on the local currency, the best performing currency in Asia outside Japan this year.

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The New Taiwan dollar will rise as the economy benefits from improving links with China, following Ma Ying-jeou's (馬英九) presidential victory at the weekend, said Goldman Sachs Group Inc, the world's largest securities firm.

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SO FAR, SO GOOD: Data released by the Ministry or Economic Affairs yesterday indicated that Taiwan has been spared much of the impact of the US slowdown
Taiwan's export orders rose last month, helped by demand from emerging markets such as China.

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By Lisa Wang
Green Energy Technology Inc (綠能科技), the nation's biggest solar wafer supplier, said yesterday it has signed two contracts worth a combined US$260 million with South Korea's DC Chemical Co Ltd to secure supply of a key material.

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China's securities regulator has unveiled draft rules for a long awaited NASDAQ-style secondary board for start-up companies with a lower threshold for listings, state media reported yesterday.

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By Joyce Huang
Charles Chiang (江昭儀) yesterday said that he has rejected the appointment as Financial Supervisory Commission (FSC) vice chairman.

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HOOKED ON OIL: Officials tried to calm the public by saying prices were set by the government, but four gas stations said their daily diesel shipments had not arrived
China's leaders are facing renewed pressure over shortfalls in diesel and gasoline, with lines growing at filling stations in major cities yesterday as the gap widens between international crude oil values and centrally controlled fuel prices.

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South Korean President Lee Myung-bak said tackling inflation was his top priority as the country faces a "global economic crisis" beyond its control.

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Sentiment among Japanese companies worsened to a record low during the January to March period as high materials prices and a strong yen ate into their profits, a government survey showed yesterday.

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Unemployment on the rise
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