Thu, May 29, 2008 - Page 1 News List

Price hikes helped avert bankruptcy: economist

UTILITIES HURTINGA research fellow at the Institute of Economics at Academia Sinica said adjusting the cost of fuel and electricity would lessen the firms’ losses

By Flora Wang, Mo Yan-chih, Shih Hsiu-chuan and Ko Shu-ling  /  STAFF REPORTERS

COMBATING PRICES

In related news, in an effort to combat summer electricity price hikes set to take effect in July, the Taipei City Government and six major retailers joined forces to promote energy conservation and low-carbon products that can save 10 percent to 50 percent more energy compared with regular products.

Consumers will receive discounts, gift certificates or zero interest rates when purchasing products with an energy-saving logo between June 1 and July 30 at six retail stores in Taipei, the city government said.

More information on the promotion can be found on the Internet at mall.energylabel.org.tw.

The Taipei City Rapid Transit Corp said the number of passengers using Taipei’s MRT soared yesterday morning, with about 17,000 more people than usual.

Taipei City Bus Association numbers showed a 3 percent increase in bus passengers.

Additional reporting by Jimmy Chuang

Also see: EDITORIAL: Price hikes and poor politics

Also see: Fuel hikes weigh down transport, industry stocks

Also see: Formosa raises gas, diesel prices

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