BRIGHT SIDE: Analyst Kevin Hsiao raised his forecast for economic growth from 4.1 percent to 4.5 percent, citing better-than-expected exports in the first five months
By Crystal Hsu
The inflow of Chinese tourists next month will be positive for economic development but will make only a modest contribution to GDP, a global financial services company said, while raising its GDP forecast based on other factors.

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By Lisa Wang
Chi Mei Optoelectronics Corp (奇美電子), the country's second-largest manufacturer of liquid-crystal-display (LCD) panels, said yesterday it had invested NT$850 million (US$27.98 million) in two lamp makers to tap into the fast-growing general lighting market.

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By Jerry Lin
Microsoft Taiwan Corp (台灣微軟) announced the launch of the Microsoft Innovation Center at the Nangang Software Park in Taipei yesterday, in a bid to help local partners improve their research and development (R&D) for software engineering and the Next Generation Web.

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With Taiwan set to receive an influx of Chinese tourists next month, Taipei 101 is making preparations to cash in on Chinese “big spenders” expected to join cross-strait tours.

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The owner of a Taipei-based trade company has been indicted for exporting restricted high-tech items to North Korea and entering false information on shipping documents, the Taipei District Prosecutors Office said yesterday.

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EXPERT ADVICE: Specialists from the ministry and the Industrial Technology Research Institute will give seminars and workshops in both Taiwan and China
The Ministry of Economic Affairs (MOEA) will send teams of experts to China to help upgrade Taiwanese investors’ businesses in an effort to boost their corporate competitiveness in the face of a harsher investment environment across the Taiwan Strait.<

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Foxconn International Holdings Ltd (富士康控股), the world’s largest contract maker of mobile phones, said it expects profitability to come under pressure this year because of rising competition and increased development costs.

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Dozens of bewildered tourists were kicked out of a Hong Kong hotel after it was taken over by a city bank due to an unpaid loan, a report said yesterday.

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Stock market hits low
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