Shares steady as investors wait
Shares closed little changed yesterday after Monday's climb as investors waited for the US Federal Open Market Committee's decision on interest rates, dealers said.
The TAIEX closed down 0.61 points at 6,881.87 on turnover of NT$87.43 billion (US$2.66 billion).
On the Taipei foreign exchange market, the New Taiwan dollar climbed by NT$0.024 to close at NT$32.906 against the US dollar on turnover of US$640 million.
Hsinchu park's output growing
The average annual growth rate of Hsinchu Science Park's (新竹科學園區) output for the past 10 years was 9.5 percent, according to statistics the Directorate General of Budget, Accounting and Statistics released yesterday. As of the end of last year, 400 companies in Hsinchu Science Park, Taiwan's silicon valley had produced a combined output of NT$494.2 billion (US$15.02 billion), according to the statistics.
Tsai will become TTL chairman
The Ministry of Finance announced late on Monday night that Martin Tsai (蔡木霖), vice president of the Taiwan Tobacco and Liquor Corp (TTL) (台灣菸酒公司), will be promoted to become the state-run enterprise's chairman. Ray Dawn (董瑞斌), his predecessor, will take over for Tsay Chin-tsair (蔡進財) as chairman of the Central Deposit Insurance Corp (CDIC, 中央存保).
Chen Wen-kai (陳文凱), president of TTL, will leave his post with Dawn as stipulated by government regulations. Tsai, the new chairman, will temporarily double as the firm's president, the ministry said in a statement.
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CHEMICAL FIRE: 10 Indian employees were injured by smoke inhalation at a Tata Electronics plant in Tamil Nadu state that produces components for Apple Inc At least 10 people received medical treatment, with two hospitalized after a major fire on Saturday disrupted production at a key Tata Electronics Pvt Ltd plant in southern India that makes Apple Inc’s iPhone components. The fire occurred at the plant in the city of Hosur in Tamil Nadu state that makes some iPhone components. It broke out near another building inside the Tata complex, which was to begin producing complete iPhones in the coming months. The fire was contained to one building and has been extinguished fully, top district administrative official K.M. Sarayu said. No decision has been made on when
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