Taiwan Economic News articles from August 2008

Taiwan Economic News archives from August 2008

THSRC's Accumulated Red Ink Equals Half of Its Capital.
August 29, 2008... Taipei, Aug. 29, 2008 (CENS)--Taiwan High-Speed Rail Corp. (THSRC) publicized its half-year financial statement yesterday (Aug. 28), showing that its accumulated red ink had hit NT$53.5 billion, over half of its paid-in capital of NT$105.l...

Cabinet Puts Forward Economic Stimulus Package.
August 28, 2008... Taipei, Aug. 28, 2008 (CENS)--To bolster Taiwan's economic growth amid the global economic slowdown, the economic-climate task force of the Executive Yuan ( the Cabinet) put forward a package of eight economy-stimulus measures spanning July...

Poll Finds President Ma's Approval Rate Bottoms Out.
August 27, 2008... Taipei, Aug. 27, 2008 (CENS)--With his presidency reaching the 100th day today (Aug. 27), President Ma Ying-jeou's administration has made major progress in implementing his presidential campaign platform, although he has yet to deliver his...

Chunghwa Telecom May Take over Management of Taipei 101.
August 26, 2008... Taipei, Aug. 26, 2008 (CENS)--Under the instruction of the government, Chunghwa Telecom may become the largest shareholder of Taiwan Financial Center Corp. (TFCC) , owner (TFCC) of Taipei 101, and take over its management, in order to turn...

Gov't to Encourage Fund Influx With Low Tax and Free Movement.
August 25, 2008... Taipei, Aug. 25, 2008 (CENS)--The government has decided to create a financial environment featuring low tax and free cross-border fund movement, so as to attract fund influx and help develop Taiwan into a regional financial center. A ranking...

Macao Casino Tycoon Plans to Set Up Training Center in Kaohsiung.
August 21, 2008... Taipei, Aug. 21, 2008 (CENS)--Stanley Ho, casino tycoon in Macao, is reportedly planning to set up a casino manpower training center at the Kaoshiung software park, in order to support his plan extending his casino operation outside Macao,...

Gov't to Conduct Comprehensive Review of 2nd Financial Reform.
August 20, 2008... Taipei, Aug. 20, 2008 (CENS)--In the face of the growing suspicion in the society, the Ministry of Finance (MOF) has decided to carry out a comprehensive review of the second financial reform to see whether there exist any irregularities...

Alleged Money Laundering of Ex-President Chen Impacts Financial Stocks.
August 19, 2008... Taipei, Aug. 19, 2008 (CENS)--The alleged involvement of former President Chen Shui-bian in massive overseas money laundering drove down the share prices of some major financial stocks by 7%, the daily maximum limit, yesterday (Aug. 18), due...

Taiwan Evolving Towards M-Type Society.
August 18, 2008... Taipei, Aug. 18, (CENS)--Over the past 25 years, the number of local middle-class households has dropped by 820,000, great majority of which have slipped to the low-income segment, testing to the shift of the local society to an M-type one...

FSC Unveils Draft Asia-Pacific Financial Center Project.
August 15, 2008... Taipei, Aug. 15, 2008 (CENS)--The Financial Supervisory Commission (FSC) unveiled the draft Asia-Pacific Financial Center Project yesterday (Aug. 14), laying out specific objectives for the project in the three major aspects of assets...

FSC Mulling Enactment of Statute for Assets Management Center.
August 14, 2008... Taipei, Aug. 14, 2008 (CENS)--The Financial Supervisory Commission (FSC) is considering the enactment of the statute for the development of assets management center, aimed to solicit the influx of assets into the island with low tax and free...

TSMC Will Buy Back Treasury Stocks to Bolster Share Price.
August 13, 2008... Taipei, Aug. 13, 2008 (CENS)--The board of directors of Taiwan Semiconductor Manufacturing (TSMC), the world's leading foundry, resolved yesterday (Aug. 12) to buy back up to 283,000,000 shares of treasury stocks at some NT$16.5 billion for...

Dell's New NB PC Will Benefit Compal and Other Taiwanese Makers.
August 12, 2008... Taipei, Aug. 12, 2008 (CENS)--Despite a rather conservative outlook for the notebook PC market in the second half this year, Compal Electronics and a number of Taiwanese makers of notebook-PC parts and components are expected to benefit from...

Top Two Silicon Foundries Post Record Revenues for July.
August 12, 2008... Taipei, Aug. 12, 2008 (CENS)--Both Taiwan Semiconductor Manufacturing Co. (TSMC) and United Microelectronics Crop. (UMC) saw their consolidated revenues for July hit new highs, with the former reaching NT$31.8 billion (US$1 billion at...

Price Plunge of Industrial Materials Catch Suppliers Off-Guard.
August 11, 2008... Taipei, Aug. 11, 2008 (CENS)--Along with the downturn of the international market, domestic industrial-material prices are taking a plunge, reversing the businesses of domestic industrial-material suppliers. The prices of scrap steel, for...

Taiwan Racks Up Trade Deficit in July.
August 8, 2008... Taipei, Aug. 8, 2008 (CENS)--Due to soaring imported oil prices and the impact of the U.S. subprime mortgage crisis on export, Taiwan's foreign trade racked up a deficit of US$410 million in July, the first trade red ink in two and a half...

Hon Hai Group Plans to Build Mega Modern New Town in Taiwan.
August 7, 2008... Taipei, Aug. 7, 2008 (CENS)--Hon Hai Group plans to build a digital hi-tech environment-friendly town as site of its global headquarters and employee residence capable of accommodating 240,000 persons at cost of over NT$100 billion, said...

Foxccon Technology May Shift Share Listing From Hong Kong to Taiwan.
August 6, 2008... Taipei, Aug. 6, 2008 (CENS)--In response to the government's policy urging overseas Taiwanese enterprises to list their shares on the local bourse, Hon Hai Group is studying the feasibility of shifting the share listing of its Chinese...

Taiwan's 3rd-largest Optical-Disk Maker Applies for Corporate Restructuring.
August 5, 2008... Taipei, Aug. 5, 2008 (CENS)--Prodisc Technology Inc., the world's fourth largest and Taiwan's third-largest optical-disk maker, filed for corporate restructuring yesterday (Aug. 4) and will exit the market, a move expected to give a relief to...

Number of Chinese Tourists Fails to Live Up to Expectation.
August 4, 2008... Taipei, Aug. 4, 2008 (CENS)--The total number of mainland Chinese tourists to Taiwan reached only 5,389 over the past one month since the Taiwanese government opened up the visits of Chinese tourists to the island on July 4, due mainly to the...

20080801001.doc 343 Tax Reform Committee to Discuss Feasibility of Resuming Capital Gains Tax.
August 1, 2008... Taipei, Aug. 1, 2008 (CENS)--The tax reform committee under the Executive Yuan (the Cabinet) has decided to put on its agenda studying the feasibility of resuming capital gains tax Government officials, though, were quick trying to allay...