INDICATORS: Rising oil and commodity prices have likely impacted on the nation's economy, as an average of indicators decreased 0.4 percentage points, the CEPD said
By Jerry Lin
The Council for Economic Planning and Development (CEPD) said yesterday that it was worried about a potential economic slowdown as the annualized six-month moving average of leading indicators decreased 0.4 percentage points to 2.2 percent from the previous month.

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GET ON WITH IT: The chamber spoke in favor of easing cross-strait trade barriers and the government's fuel and electricity price hikes to accurately reflect the cost of oil
By Joyce Huang
The new government under President Ma Ying-jeou's (馬英九) leadership should "get down to business," expediting the nation's deregulation to help spur investment, the American Chamber of Commerce in Taipei (AmCham) said yesterday.

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Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world's largest custom-chip maker, said it may raise prices to counter higher costs.

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By Lisa Wang
Chunghwa Telecom Co (中華電信), the nation's biggest telephone company, will seek strategic partnerships with Chinese telecom operators in providing high-speed services in China after Beijing completes its recently announced consolidation plans, a company executive said yesterday.

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Consumer confidence declined significantly this month as consumer prices continued to rise, a monthly survey released yesterday by the National Central University's Research Center for Taiwan's Economic Development showed.

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REVVING UP: The Japanese automaker said it would open a plant making nickel-metal hydride batteries as part of its joint venture with Matsushita Electric
Toyota is preparing to rev up production of hybrids, and yesterday said that it was opening its third plant in Japan for producing batteries that are key components for the "green" cars.

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The Ministry of Economic Affairs has asked government agencies to inspect fuel storage facilities at 42 gas stations that have purchased 10 kiloliters more petroleum products per day recently than their daily average for last month, as part of efforts to crack down on illegal gasoline hoarding.

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Share prices closed 0.81 percent higher yesterday as investors hunted for bargains after the key index lost nearly 600 points over the past five sessions, dealers said.

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Online tax filings popular
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