Taiwan Economic News articles from August 2006

Taiwan Economic News archives from August 2006

New Auto Sales to Suffer Unprecedented Drop of 30% This Year.
August 31, 2006... (From Taiwan Economic News) Taipei, Aug. 31, 2006 (CENS)--Due to the effects of twin-card debt turmoil and sluggish economy, Taiwan's new auto sales may plunge an unprecedented 30% to 350,000 vehicles, in sharp contrast to last year's...

FSC to Check Write-Off of Twin-Card Debts by Banks.
August 30, 2006... (From Taiwan Economic News) Taipei, Aug. 30, 2006 (CENS)--In the first seven months this year, domestic banks wrote off twin-card bad debts exceeding the NT$100 billion mark, topping NT$109.2 billion, almost five times their aggregate...

Sluggish Domestic Demand May Drag Down Economic Growth.
August 29, 2006... (From Taiwan Economic News) Taipei, Aug. 29, 2006 (CENS)--Due to the impact of twin-card debt problem on private consumption and possible decline in fixed capital formation, resulting from sluggish private investments, contribution of...

Five Flagship Economic Projects Selected for Priority Execution.
August 28, 2006... (From Taiwan Economic News) Taipei, Aug. 28, 2006 (CENS)--Premier Su Tseng-chang has instructed the Council of Economic Planning and Development (CEPD) and other related ministries to present five major flagship economic development...

Taiwanese Organization for Cross-Strait Tourism Established.
August 25, 2006... (From Taiwan Economic News) Taipei, Aug. 25, 2006 (CENS)--Following the establishment of "Cross-Strait Travel Exchange Association" by China for preparing liberalization of mainland Chinese tourists to visit Taiwan, Joseph Wu, chairman...

Executive Yuan Approves an Expansionary 2007 Budget.
August 24, 2006... (From Taiwan Economic News) Taipei, Aug. 24, 2006 (CENS)--The central government's budget outlay for 2007 will hit NT$1,663.8 billion, up NT$92.1 billion or 5.9%, over the 2006 level, the highest growth over the past eight years and even...

35 Taiwanese Firms on the List of China's Top 500 Manufacturers.
August 23, 2006... (From Taiwan Economic News) Taipei, Aug. 23, 2006 (CENS)--Thirty five Taiwanese-invested firms enter the list of China's 500 largest manufacturers in 2005, with Quanta Shanghai Manufacturing City of Quanta Group heading the pack with...

Taiwan's Overseas Securities Investment Hit Second High in Q2, 2006.
August 22, 2006... (From Taiwan Economic News) Taipei, Aug. 22, 2006 (CENS)--Fueled by higher investment returns and the effect of the minimum tax burden, overseas securities investment by Taiwanese people scored net outflow of US$11.51 billion (around...

Tax Collection Period to Be Extended to 15 Years.
August 21, 2006... (From Taiwan Economic News) Taipei, Aug. 21, 2006 (CENS)--In order to better protect the government's right for tax collection, duration of the legitimate tax collection period will be extended to 15 years from the existing five years,...

DGBAS Revises Downward Forecast of Taiwan's Economic Growth to 4.28% for 2006.
August 18, 2006... (From Taiwan Economic News) Taipei, Aug. 18, 2006 (CENS)--Due to worse-than-expected performances of private investment and private consumption, the Directorate General of Budget, Accounting, and Statistics (DGBAS) revised downward...

Chinatrust Plans to Introduce Foreign Strategic Partner.
August 17, 2006... (From Taiwan Economic News) Taipei, Aug. 17, 2006 (CENS)--In order to enhance its corporate governance and pave the way for tapping the regional market, Chinatrust Financial Holding has decided to introduce international banks or...

Daniel Tsai Resigns Chairmanship of Taiwan Mobile.
August 16, 2006... (From Taiwan Economic News) Taipei, Aug. 16, 2006 (CENS)--In line with the regulation of the Financial Supervisory Commission (FSC) forbidding chief executives of financial holding firms to head other non-financial businesses, Daniel...

Awea, Goodway to See Overall Sales Top NT$10 B. in Five Years.
August 16, 2006... (From Taiwan Economic News) Taipei, Aug. 16, 2006 (CENS)--Awea Mechantronic Co. and Goodway Machine Corp., Taiwan's leading manufacturers of machine tools, will see their combined annual sales reach over NT$10 billion (US$304.87 million...

Hon Hai Remains No.1 Taiwanese Electronics Manufacturer.
August 16, 2006... (From Taiwan Economic News) Taipei, Aug. 16, 2006 (CENS)--In July alone, Hon Hai Precision Industry Co., Ltd. raked in revenue of NT$69.1 billion (US$2.1 billion at US$1:NT$32), retaining the No.1 notch on Taiwan's top 10 electronics...

Taiwan Emulates Neighboring Countries in Soliciting Foreign Investors.
August 16, 2006... (From Taiwan Economic News) Taipei, Aug. 16, 2006 (CENS)--In a bid to attract foreign companies to operate in Taiwan's five free-trade harbor zones, the government is following South Korea and Malaysia to build up a website for the zones...

AUO Optimistic About Biz Performance in Second Half.
August 16, 2006... (From Taiwan Economic News) Taipei, Aug. 16, 2006 (CENS)--AU Optronics Corp. (AUO), Taiwan's No. 1 thin film transistor-liquid crystal display (TFT-LCD) panel manufacturer, recently expressed strong optimism about its business operations...

Foxconn to Win Motorola's Motofone Contract Order.
August 16, 2006... (From Taiwan Economic News) Taipei, Aug. 16, 2006 (CENS)--The Foxconn International Holdings Ltd. (FIH) under Taiwan's Hon Hai Group, is expected to win the contract-manufacturing order from Motorola for the Motofone entry-level...

Taiwan's OBU Assets Up 8.18% to US$70.07 B. as of June.
August 16, 2006... (From Taiwan Economic News) Taipei, Aug. 16, 2006 (CENS)--The aggregate assets of Taiwan's offshore banking (OBU) units totaled US$70.068 billion at the end of June, up 8.18% or US$5.298 billion from a year earlier, according to...

Taiwan's Derivative Financial Deals Rose 10.24% to NT$7.3 Trillion in June.
August 16, 2006... (From Taiwan Economic News) Taipei, Aug. 16, 2006 (CENS)--The derivative financial deals recorded by domestic banks in Taiwan, including their overseas branches, reached NT$7.296 trillion (US$221.1 billion at US$1 = NT$33) in June, up...

TAITRA Eyes Trade With Kazak Republic.
August 16, 2006... (From Taiwan Economic News) In its efforts to diversify Taiwan's export markets, the government-backed Taiwan External Trade Development Council (TAITRA) has recently turned its eyes to the emerging economies of Central Asia,...

CEPD Approves NT$44.75 B. Additional Budget for 4th Nuke Plant.
August 15, 2006... (From Taiwan Economic News) Taipei, Aug. 15, 2006 (CENS)--The Council for Economic Planning and Development (CEPD) approved yesterday (Aug. 14) additional budget of NT$44.75 billon for the fourth nuclear power plant project, including...

Quanta Downward Adjusts NB Shipment Goal.
August 15, 2006... (From Taiwan Economic News) Taipei, Aug. 15, 2006 (CENS)--Quanta Computer Inc., the world's largest contract manufacturer of notebook personal computers, recently downward adjusted this year's shipment goal to 21 million units of NBs...

Asustek Fared Better Than Acer in NB Sales During First Half.
August 15, 2006... (From Taiwan Economic News) Taipei, Aug. 15, 2006 (CENS)--Asustek Computer Inc. is expected to see profits from its sales of notebook personal computers top NT$3 billion (US$91.46 million at US$1:NT$32.8) in the first half of this year,...

Chunghwa Remains Taiwan's Most Profitable Telecom Carrier.
August 15, 2006... (From Taiwan Economic News) Taipei, Aug. 15, 2006 (CENS)--In July, Chunghwa Telecom remained Taiwan's most profitable telecom carrier with an after-tax net income of NT$2.76 per share, followed by Far EasTone Telecom's pre-tax earnings...

Quanta, Sanyo Shrink LCD TV Cooperation Scale.
August 15, 2006... (From Taiwan Economic News) Taipei, Aug. 15, 2006 (CENS)--Quanta Computer and Sony have announced their decision to drop an original plan to build an LCD TV joint venture. In March this year, the two companies signed a memorandum to...

Taiwan Auto Makers Eye Complete-Car Exports.
August 15, 2006... (From Taiwan Economic News) Taipei, Aug. 15, 2006 (CENS)--At least two local automakers, including Yulon Motor Co. (the local maker of Nissans) and Kuozui Motors Ltd. (Toyota), are aggressively trying to acquire permission from their...

ProMos Sets Up Joint-Venture to Step Into LED Line.
August 15, 2006... (From Taiwan Economic News) Taipei, Aug. 15, 2006 (CENS)--Taiwan's ProMos Technologies and Hermes-Epitek Corp. plan to set up a joint-venture to produce blue-ray light-emitting diode (LED) dies The new venture is to have an initial...

Chinatrust Appropriates NT$36 B. to Erase Bad Loans This Year.
August 15, 2006... (From Taiwan Economic News) Taipei, Aug. 15, 2006 (CENS)--To cope with the bad credit card debts, Chinatrust Financial Holding Co. (CHFC), Taiwan's leading private financial institution, has appropriated a total of NT$36 billion (US$1.09...

Gov't to Sell Out Its Stakes in Changhwa Bank in 2007.
August 14, 2006... (From Taiwan Economic News) Taipei, Aug. 14, 2006 (CENS)--The Ministry of Finance (MOF) and the Development Fund of the Executive Yuan are scheduled to sell out their combined 17% stake in Changhwa Commercial Bank in 2007, making the...

New PTW Sales in Taiwan Down 9.3% in July.
August 14, 2006... (From Taiwan Economic News) Taipei, Aug. 14, 2006 (CENS)--The sales of new powered-two-wheelers (PTWs) in Taiwan in the traditionally peak month of July decreased by 9.3% from the same month of 2005, due mainly to tighter personal-loan...

MIO-brand GPS Devices Won 3rd Place in Europe in Q2.
August 14, 2006... (From Taiwan Economic News) Taipei, Aug. 14, 2006 (CENS)--Mio, the in-house brand of handheld global positioning system (GPS) devices, developed by Taiwan's Mio Technology Ltd. (MTL, a subsidiary of MiTAC International Corp.) ranked as...

Li Peng May Replace Formosa Chemical as Taiwan's No. 1 Nylon Producer.
August 14, 2006... (From Taiwan Economic News) Taipei, Aug. 14, 2006 (CENS)--Seeing a promising future for nylon products, Li Peng Enterprise Co., Taiwan's leading nylon maker, recently announced that it will set up a large production line with a daily...

MOEA to Remove Investment Barriers via Cross-Agency Meetings.
August 11, 2006... (From Taiwan Economic News) Taipei, Aug. 11, 2006 (CENS)--In order to boost domestic investment activities, Chen Ruey-long, the newly installed minister of economic affairs, has instructed to resume regular cross-ministerial meetings to...

Premier Secures Top Spot in DSC Industry Worldwide.
August 11, 2006... (From Taiwan Economic News) Taipei, Aug. 11, 2006 (CENS)--Premier Image Technology Corp., the world's largest manufacturer of digital still cameras (DSCs), recently passed a proposal to merge with Hon Hai Precision Industry Co. at a...

TRC Affirms 'twAAA' Long-term Corporate Credit Ratings on CSC.
August 11, 2006... (From Taiwan Economic News) Taipei, Aug. 11, 2006 (CENS)--Taiwan Ratings Corp. (TRC), Taiwan's No.1 provider of credit rating information, recently affirmed its "twAAA" long-term and "twA-1" short-term corporate credit ratings for China...

Teco Given More Than It Needs in a Syndicated Loan.
August 11, 2006... (From Taiwan Economic News) Taipei, Aug. 11, 2006 (CENS)--In a recent syndicated loan, banks were willing to lend 46% more money than needed to TECO Electrical and Machinery Co., Ltd., which will use the money to finance an ambitious...

MediaTek Projects Q3 Revenue to Surge 5-10%.
August 11, 2006... (From Taiwan Economic News) Taipei, Aug. 11, 2006 (CENS)--MediaTek Inc. Chairman M.K. Tsai estimated his company's revenue for the third quarter to increase only 5-10% from the second quarter, although the third quarter is normally a...

Most Notebook PC Makers Saw Revenues, Shipments Drop in July.
August 11, 2006... (From Taiwan Economic News) Taipei, Aug. 11, 2006 (CENS)--Major notebook PC makers in Taiwan showed mixed business performances in July, with Compal Electronics Inc. hitting record revenue and shipment, but others suffering drops. Compal...

Taiwan TFT-LCD Makers to Explore Solar-Panel Biz.
August 11, 2006... (From Taiwan Economic News) Taipei, Aug. 11, 2006 (CENS)--At least two major thin film transistor-liquid crystal display (TFT-LCD) panel suppliers in Taiwan, the No. 1 AU Optronics Corp. (AUO) and No. 2 Chi Mei Optoelectronics Corp....

ADB Lowers Taiwan's Economic Growth Forecast to 4% for 2007.
August 11, 2006... (From Taiwan Economic News) Taipei, Aug. 11, 2006 (CENS)--Asian Development Bank (ADB) has recently adjusted downward its forecast of Taiwan's economic growth to 4% for 2007 from 4.4% predicted for 2006 ADB disclosed that the...

Taiwan's Top 2 Nylon Makers Posted Record Revenues in July.
August 11, 2006... (From Taiwan Economic News) Taipei, Aug. 11, 2006 (CENS)--Taiwan's top two makers of nylon products, Li Peng Enterprise Co. and Zig Sheng Industrial Co., scored record monthly revenues of NT$1.55 billion (US$46.97 million at US$1 =...

New Chinese Regulation May Dash International Board Plan.
August 10, 2006... (From Taiwan Economic News) Taipei, Aug. 10, 2006 (CENS)--Taiwanese government's plan to establish an international board on the local stock market received a heavy blow, due to the promulgation of a new regulation by the Chinese...

Newly-designated Economic Minister Sets Sight on Major Investment Projects.
August 10, 2006... (From Taiwan Economic News) Taipei, Aug. 10, 2006 (CENS)--Newly Designated economic minister Chen Ruey-long said it is necessary to promote major investment projects to fuel economic growth Chen said he would give first priority to...

Steelmakers Racked up Considerable Sales in July.
August 10, 2006... (From Taiwan Economic News) Taipei, Aug. 10, 2006 (CENS)--Thanks to the revitalized purchasing power in the wake of the stabilized steel prices in mainland China, Taiwan's listed steel and iron companies, including Chung Hung Steel...

Asustek, Gigabyte Team Up to Consolidate Motherboard Turfs.
August 10, 2006... (From Taiwan Economic News) Taipei, Aug. 10, 2006 (CENS)--Asustek Computer Inc. and Gigabyte Technology Co., Ltd. recently co-announced their plan to open an NT$8 billion (US$250 million at US$1:NT$32) joint venture to focus on own-brand...

Mainland China Leads Taiwan in Software Capability Maturity Rating: CMU.
August 10, 2006... (From Taiwan Economic News) Taipei, Aug. 10, 2006 (CENS)--Taiwan was ranked as the eighth best while mainland China was rated as the fourth best on the Capability Maturity Model Integration (CMMI) scale, which is developed by a U.S....

Higher Way's GaAs Solor Cell Wins TUV Certification.
August 10, 2006... (From Taiwan Economic News) Taipei, Aug. 10, 2006 (CENS)--Higherway Electronic Co., Ltd., an integrated circuit (IC) application design company, recently announced that it's GaAs solar cell has met TUV standards, making it the world's...

Kia Looks for Assembly Contractors of Passenger Cars, Commercial Vehicles in Taiwan.
August 10, 2006... (From Taiwan Economic News) Taipei, Aug. 10, 2006 (CENS)--Kia Motors Corp. of South Korea is actively trying to find assembly contractors of both passenger-cars and commercial-vehicles in Taiwan through its local passenger-car...

Gov't Spending Budget Hits 8-year-high of NT$1.66 Trillion for 2007.
August 10, 2006... (From Taiwan Economic News) Taipei, Aug. 10, 2006 (CENS)-The central government's budget for the nation's total expenditure is set at NT$1.66 trillion (US$50.303 billion at US$1 = NT$33) for 2007, up 6% or NT$94.1 billion (US$2.85...

Taiwan's Exports Hit Record High of US$19.58 B. in July.
August 10, 2006... (From Taiwan Economic News) Taipei, Aug. 10, 2006 (CENS)--Taiwan's export value hit a monthly record high of US$19.58 billion in July this year, up 21.2% relative to that last year. In the same month, the import value reached US$17.78...

New Finance Minister Proposes to Cut Gift and Inheritance Taxes.
August 9, 2006... (From Taiwan Economic News) Taipei, Aug. 9, 2006 (CENS)--The Ministry of Finance will inaugurate a tax checking system next May to intensify crackdown on tax evasion, especially big cases, and proposed tax reduction on gift and...

III Licenses Its Patented Technologies for First Time.
August 9, 2006... (From Taiwan Economic News) Taipei, Aug. 9, 2006 (CENS)--The government-backed Institute for Information Industry (III) recently licensed 227 patented technologies for good prices, a clear shift from what it only transferred its...

TCL to Tie UP With CMO in LCD TV Biz.
August 9, 2006... (From Taiwan Economic News) Taipei, Aug. 9, 2006 (CENS)--Chi Mei Optoelectronics Corp. (CMO), Taiwan's No.2 and the world's No. 4 thin film transistor-liquid crystal display (TFT-LCD) panel maker, is expected to tie up with the TCL...

Taiwan's CPI Growth Hit 4-Month Low of 0.79% in July.
August 9, 2006... (From Taiwan Economic News) Taipei, Aug. 9, 2006 (CENS)--The annual rise of Taiwan's consumer price index (CPI) hit a four-month low of 0.79% in July, according to the statistics compiled by the Cabinet-level Directorate General of...

Hong Kong Branches of Taiwan Banks Report Booming Business.
August 9, 2006... (From Taiwan Economic News) While many banks in Taiwan are embroiled in severe turmoil resulting from huge cash- and credit-card debts, their Hong Kong branches are enjoying booming business thanks to the lucrative opportunities...

MOTC Minister Resigns Over ETC Controversy.
August 8, 2006... (From Taiwan Economic News) Taipei, Aug. 8, 2006 (CENS)--In a surprise move, Kuo Yao-chi, minister of transportation and communications, tendered her resignation yesterday (Aug. 7), due to her "inability to implement policy or difference...

Two Foreign Firms Poised to Buy Into Taiwan Mobile.
August 8, 2006... (From Taiwan Economic News) Taipei, Aug. 8, 2006 (CENS)--In order to solve the problem of cross shareholding, Daniel Tsai, chairman of Taiwan Mobile and Taiwan Fixed Network, has reportedly decided to sell out the latter's 30% stake in...

CSC's July Pretax Earnings Hit Year's High of NT$4.6 B.
August 8, 2006... (From Taiwan Economic News) Taipei, Aug. 8, 2006 (CENS)--With prices for the steel products slated for delivery in the third quarter adjusted upward, China Steel Corporation (CSC), Taiwan's largest integrated producer of steel products,...

Hey-Song Taps Beverage Contract Production.
August 8, 2006... (From Taiwan Economic News) Taipei, Aug. 8, 2006 (CENS)--Seeing the shrinkage of domestic lactic-acid beverage market, Hey-Song Corporation, one of Taiwan's most prominent producers of soft drinks, is largely adjusting operating...

Siliconware, Kyec Yuan Split on Chip Assembly Cooperation.
August 8, 2006... (From Taiwan Economic News) Taipei, Aug. 8, 2006 (CENS)--With its chairman, W.P. Lin, withdrawing from the board of directors of Kyec Yuan Electronics Co., Ltd., chip packager Siliconware Precision Industries Co., Ltd. recently formally...

ProMos Develops Strong Presence in Flash Memory Segment.
August 8, 2006... (From Taiwan Economic News) Taipei, Aug. 8, 2006 (CENS)--ProMos Technologies is applying for government's approval on its plan to build two more chip-making factories at the Central Taiwan Science Park to turn out flash memory chips...

Quanta Storage Will Ship Over 500,000 Slim-type DVD Burners to Dell Per Month in Q4.
August 8, 2006... (From Taiwan Economic News) Taipei, Aug. 8, 2006 (CENS)--Quanta Storage Inc., a leading maker of slim-type optical-disc drives in Taiwan, has projected its monthly shipment volume of slim-type DVD burners to Dell to exceed 500,000 units...

New-car Sales in Taiwan Hit New Monthly Low in July.
August 8, 2006... (From Taiwan Economic News) Taipei, Aug. 8, 2006 (CENS)--Only 36,473 new cars were sold in Taiwan in July, the lowest figure for the month in five years. Hotai Motor Co. Ltd., the distributor of locally made and imported Toyota and Lexus...

Taiwan Brand Shoemaker Saw Sharp Revenue Fall in First Half.
August 8, 2006... (From Taiwan Economic News) Taipei, Aug. 8, 2006 (CENS)--Plagued by the storm of bad card loans, La New, one of Taiwan's leading brand shoemakers, has recently experienced declining sales in the domestic retailing market. In the first...

Taiwanese Banks Floated NT$60 B. in Bonds in First 5 Months.
August 8, 2006... (From Taiwan Economic News) Taipei, Aug. 8, 2006 (CENS)--Total bonds issued by domestic banks in Taiwan's bond market amounted to NT$60 billion (US$1.82 billion at US$1 = NT$33) in the first five months of this year, a slight increase...

New Acting FSC Chairman Pledges to Prevent Financial Monster.
August 7, 2006... (From Taiwan Economic News) Taipei, Aug. 7, 2006 (CENS)--The government will continue to promote financial consolidation under the auspices of the second financial reform, but will prevent monopoly or oligopoly of the financial market by...

Taiwan's Solar-cell Makers Posted Mixed Sales Results in July.
August 7, 2006... (From Taiwan Economic News) Taipei, Aug. 7, 2006 (CENS)--Taiwan's largest two manufacturers of solar cells--Motech Industries Inc. and E-Ton Solar co., posted mixed sales performances in July, with the former suffering a slight sales...

Taiwanese Internet Phone Suppliers Riding on Booming Trend.
August 7, 2006... (From Taiwan Economic News) Taipei, Aug. 7, 2006 (CENS)--Accton Technology Co. began shipping Wi-Fi Internet phones activated by Skype softeware in July and has secured Belkin's orders for the phones, while Alpha Networks Inc. has...

Entertainment PCs Highlighted at Taipei Computer Application Show.
August 7, 2006... (From Taiwan Economic News) Taipei, Aug. 7, 2006 (CENS)--Multimedia personal computers powered by Intel's Viiv and Advanced Micro Devices' (AMD's) Live microprocessor solutions are highlighted at the five-day Taipei Computer Application...

ASUS Aims for No.4 NB Brand in Asia-Pacific This Year.
August 7, 2006... (From Taiwan Economic News) Taipei, Aug.7, 2006 (CENS)--Asustek Computer Inc. of Taiwan, the world's largest motherboard maker, aims to sell abut one million ASUS own-brand notebook PCs in the Asia-Pacific area this year, making it No. 4...

Taiwan's Trade Surplus With China Surged in First Half.
August 7, 2006... (From Taiwan Economic News) Taipei, Aug. 7, 2006 (CENS)--Taiwan's trade surplus with mainland China stood at US$31.06 billion in the first half of this year, a sharp rise of 21% from the corresponding figure of US$25.6 billion recorded...

Taiwan Becomes Favorite Loan Provider for Emerging Economic Powers.
August 7, 2006... (From Taiwan Economic News) Taipei, Aug. 7, 2006 (CENS)--Thanks to abundant idle funds and low interest rates, Taiwan's financial institutions have moved to attract enterprises in Eastern Europe and Central Asia, the so-called emerging...

Court Ruling Clouds ETC System.
August 4, 2006... (From Taiwan Economic News) Taipei, Aug. 4, 2006 (CENS)--Having just been in operation for half a year, Taiwan's freeway electronic toll collection (ETC) system is facing an uncertain fate, as the supreme administrative court revoked...

Nidec Sankyo of Japan to Set Up Robot Assembly Plant in Taiwan.
August 4, 2006... (From Taiwan Economic News) Taipei, Aug. 4, 2006 (CENS)--Nidec Sankyo Group of Japan will move to build an assembly plant in Taiwan to facilitate the production of robots used in the eighth-generation TFT-LCD (thin film transistor-liquid...

Taiwan-developed Guide-type Robots to Hit Market in 2007.
August 4, 2006... (From Taiwan Economic News) Taipei, Aug. 4, 2006 (CENS)--In a bid to catch up with the steps of the U.S. and South Korea in the development of robots, the Taichung City-based Precision Machinery Research & Development Center (PMC) has...

Taiwanese Fastener Makers Form Auto-Fastener Consortium.
August 4, 2006... (From Taiwan Economic News) Taipei, August 4, 2006 (CENS)--China Steel Corp. (CSC), Taiwan's No.1 steelmaker, and four local suppliers of industrial fasteners recently entered into an alliance to develop alloy technology for making...

Foreign Ownership in Chunghwa Telecom Allowed to Hit 49%.
August 4, 2006... (From Taiwan Economic News) Taipei, August 4, 2006 (CENS)--The Ministry of Transportation and Communications (MOTC) recently lifted foreign ownership ceiling in Chunghwa Telecom Co., Ltd., Taiwan's No.1 telecom carrier, to 49% from 40%,...

Yulon-Nissan Building Nissan's 5th Auto-design Center.
August 4, 2006... (From Taiwan Economic News) Taipei, Aug. 4, 2006 (CENS)--Yulon-Nissan Motor Co. of Taiwan, a joint venture between local Yulon Motor Co., which locally produces some Nissan car models, and Nissan Motor Co. of Japan, has kicked off...

Taiwan's No. 1 Car Dealer Pessimistic About New-car Sales This Year.
August 4, 2006... (From Taiwan Economic News) Taipei, Aug. 4, 2006 (CENS)--Hotai Motor Co. Ltd., distributor of locally made and imported Toyota, Lexus car models as well as the long-term No. 1 auto seller in Taiwan, has recently lowered its forecast for...

China Imposes Anti-Dumping Tariffs on 7 Taiwan-made Products.
August 4, 2006... (From Taiwan Economic News) Taipei, Aug. 4, 2006 (CENS)--Since Entering the World Trade Organization (WTO) five years ago, mainland China has launched dumping charges against 10 products imported from Taiwan, while Taiwan filed the...

Carlyle Takes Over EMC Management.
August 3, 2006... (From Taiwan Economic News) Taipei, Aug. 3, 2006 (CENS)--Following its NT$47.6 billion acquisition of Eastern Multimedia Corp. (EMC), Carlyle Group, a private global investment firm, formally took over the helm of the company yesterday...

FPG Hands Over J-M to Wang Wen-hsiang.
August 3, 2006... (From Taiwan Economic News) Taipei, Aug. 3, 2006 (CENS)--The Formosa Plastics Group (FPG), Taiwan's largest plastics and petrochemical conglomerate, has resolved to unleash its U.S. subsidiary-the Livingston, New Jersey based-J-M...

Kolin to Tap EU Market in 2007.
August 3, 2006... (From Taiwan Economic News) Taipei, Aug. 3, 2006 (CENS)--Taiwan Kolin Co., Ltd. (Kolin), one of Taiwan's leading manufacturers of home appliances, has resolved to tap the European Union (EU) marketplace next year, paving the way for...

Unclear Policy Prompts Taiwanese Chip Assemblers to Table Cross-Strait Investment Plans.
August 3, 2006... (From Taiwan Economic News) Taipei, August 3, 2006 (CENS)--Taiwan's chip test and packaging houses have tabled their plans to apply for government approval for opening facilities in mainland China since the Ministry of Economic Affairs...