Taiwan Economic News articles from February 2002

Taiwan Economic News archives from February 2002

Chipmaker UMC preparing to expand to m'land China.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--United Microelectronics Corp. (UMC) confirmed yesterday it is preparing to expand investments to mainland China and evaluate the possibility of taking over wafer plants in the mainland But executive of the...

Chipmaker TSMC plans to hire over 1,000 people in 2002.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Taiwan Semiconductor Manufacturing Co. (TSMC) plans to recruit over 1,000 new employees in 2002, about twice the size of recruits made last year Executives said TSMC is in need of a high number of new...

New MOEA rules to give shareholders greater income.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Tens of thousands of corporate shareholders will have the chance of enjoying a bigger share of company profits following the new interpretation of the rules concerning the corporations' capital reserves in the...

China Airlines aims at NT$2B. earnings for 2002.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--China Airlines (CAL) generated hefty pre-tax profits of NT$260 million in January, accounting for 18.4% of the projected annual target of NT$1.42 billion. The largest air carrier in Taiwan aims to shoot at a...

Fujitsu to procure Taiwan-made hard disks and 3G handsets.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--To boost procurement in Taiwan, Tokyo-based Fujitsu Electronics Limited will hold a procurement meeting with Taiwan's electronics and information-technology product suppliers April 9-11 in Taiwan Fujitsu...

UMC, Xilinx unveil CPLD process technology.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--United Microelectronics Corp. (UMC) and Xilinx Inc. together unveiled the industry's first complex programmable logic device (CPLD) process, scalable to 0.1-micron, on Feb. 26 in Taipei. The two companies plan to...

APBWC to kick off 3G wireless service in Q1 2003.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Asia Pacific Broadband Wireless Communications (APBWC) Inc. of Taiwan plans to kick off third-generation wireless service in the first quarter next year with CDMA2000 broadband wireless technology. Company...

Alcatel to set up telecom application testing center in Taiwan.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Alcatel, a French-based telecoms firm, is to establish a wireless-telecommunications applications center in Taiwan to offer testing services for third generation (3G) mobile-phone manufacturers The initial...

CMC Magnetics to mass produce CD-Rs in Shanghai.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--CMC Magnetics Corp. has decided to soon mass produce its CD-Rs in Shanghai. To this end, the firm will purchase a land lot of about 300,000 ping (1 ping = 36 square feet) in the region Executives of CMC...

Cando approved to gain US$200 million syndication loan for Hydis acquisition.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Following its acquisition of Hydis of South Korea, the Taiwan-based Cando Corp. has won a syndicated loan of US$200 million from a banking consortium in South Korea, company sources said yesterday At a total...

Wyse Technology delivering thin client PCs to mainland China.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Wyse Technology Taiwan Ltd. has recently started to fill an order for 10,000 thin client PCs from a system maker in mainland China. The delivery will be completed in July, to contribute revenue of US$4 million,...

Benq aims for after-tax EPS of NT$6 for 2002.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Due to booming sales of its three major product lines, Benq Corp. is expected to post after-tax earnings per share (EPS) of up to NT$6 for 2002, executives of the firm said yesterday Since the fourth quarter...

NT$ drops on back of weaker yen.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--The New Taiwan dollar yesterday edged down NT$0.024 to close at NT$35.112 against the U.S. dollar on the Taipei Foreign Exchange market amid the weakening of the Japanese yen, market dealers said The N.T....

Taiwan's trade with mainland China down 7.4% to US$29.96 B. in 2001.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Taiwan's two-way trade with mainland China posted an annual decline of 7.4% to reach US$29.963 billion in 2001, accounting for 13% of the island's total foreign trade last year, up 1.8 percentage points from one...

Only 10% of Internet users in Taiwan shop online.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Only 10% of Taiwan's cyber population are frequent shoppers on the Internet, with such shopping valued at NT$8.9 billion in 2001 and expected to soar to NT$37 billion within three years, according to the...

Shihlin Electric, Mitsubishi to set up joint venture in mainland China.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Shihlin Electric & Engineering Corp., a main local manufacturer of electric machinery and equipment, and its technological partner Mitsubishi Electric will establish a joint venture to manufacture electric auto...

CSC's price adjustment triggers local steel makers' price hikes.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--The recent upward adjustment in domestic sales prices of steel products by China Steel Corp. (CSC), Taiwan's largest steel manufacturer, for next quarter has triggered a wave of price hikes by local producers of...

Silitek aims toward ODM/EMS provider.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Silitek Corp., a local manufacturer of computer peripherals listed on the Taiwan Stock Exchange, will position itself anew as a provider of ODM (original design manufacturing) together with EMS (electronics...

Domestic price of medium paper to rise by NT$500/metric ton.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Local manufacturer of medium paper, a type of industrial paper, will hike their domestic sales prices by NT$500 per metric ton next month to reflect increased cost of material. Medium paper is made mainly from...

Local makers raise export price of PTA.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Four local manufacturers of PTA (purified terephthalic acid) have decided to adjust up their export prices of the petrochemical by US$20 per metric ton. The four manufacturers are Formosa Chemicals & Fibre Corp....

Teco Enterprise to mete out 2001 dividend of NT$3 per share.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Teco Enterprise Co., Ltd., a local distributor of IC (integrated circuit) components listed on the local Taisdaq bourse, plans to distribute a dividend of NT$3 per share, NT$2 in stock and NT$1 in cash, for its...

Taiwan's bad check ratio by volume down to six-year low in JanTaipei, Feb. 28, 2002 (CENS)--Taiwan's bad check ratio in terms of the number of checks issued fell to 0.66% in January, the lowest in six years, the Central Bank of China reported yesterday.
February 28, 2002... In terms of the volume, the bad check ratio stood at 0.80% in December and at 0.91% in January 2001. In terms of the value of checks issued, the bad check ratio slipped to 0.58% in January, the lowest in three-and-a-half years. In December,...

Taiwan's jobless rate fell in January.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Taiwan's unemployment rate fell for the third consecutive month to 5.14% in January from 5.22% in December due in part to increasing demand for temporary workers, a government agency said yesterday. Taiwan's...

Taiwan's leading economic indicators signal recovery.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Taiwan's composite index of leading indicators rose 1.5% in January, the fourth monthly gain in a row, confirming that the island's economy is heading for a recovery, the Council for Economic Planning and...

Taiwan's export orders, industrial output saw 1st annual growth in Jan.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Taiwan's export orders and industrial output rose in January from a year earlier--the first annual rise in a year--partly reflecting a gradual recovery in the global economy, the Ministry of Economic Affairs...

Taiwan shares rally 3.6% on high-tech gains.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--Taiwan shares snapped a six-session losing streak yesterday amid a strong rally in the semiconductor sector, analysts said. Shares of United Microelectronics Corp. and Taiwan Semiconductor Manufacturing Co....

Gross profit rate in Taiwan's mfg. sector rose to 3.7% in Jan.
February 28, 2002... Taipei, Feb. 28, 2002 (CENS)--The gross profit margin of Taiwan's manufacturing sector was 3.7% in January, up 0.2 of a percentage point from a month earlier, the Council for Economic Planning and Development reported yesterday. The report...

Auto Parts Sales to Japan Shrink in 2001.
February 28, 2002... By QUINCY LIANG Exports of auto parts by eight Taiwanese automakers to their Japanese partners declined 5.86% to US$649 million last year, according to statistics compiled by the Taiwan Transportation Vehicle Manufacturers' Association...

Gov't to lift ban on wafer investment in mainland China.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Although there is still a lack of consensus concerning if to allow Taiwan's makers of eight-inch silicon wafers to set up plants in mainland China, Cabinet Minister Chiou I-jen said the ban will be lifted if an...

Hsinchu science park to get water from farm land.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--The deteriorating water shortage is forcing the government to take emergency measures to increase water supply at the Hsinchu Science-based Industrial Park (HSIP) located in Hsinchu City, northern Taiwan ...

Credit card spending on Internet shot up 92% in Taiwan in 2001.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Credit card shopping on the Internet in Taiwan shot up 92% in 2001 in spite of a drastic economic slowdown. The numbers of credit cards used for electronic shopping and the transactions both doubled from the...

Kuozui Motors to debut Toyota car R&D center in March.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Kuozui Motors, Ltd., maker of Toyota cars in Taiwan, will launch its automobile research and development center at the company's general plant at Chungli of Taoyuan County, northern Taiwan, in March With a...

Permits for brewery establishment relaxed.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--To control pollution emissions in a more reasonable way, the Cabinet-level Environmental Protection Administration (EPA) recently revised permit regulations concerning the establishment and operation of breweries...

TCA to set up offices in Suzhou.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--With the permission of mainland China authorities, the Taipei Computer Association (TCA) will set up a permanent outlet in the city of Suzhou, in mainland China's Jiangsu Province Suzhou Mayor W. T. Yang,...

Taiwan Cellular posts double growth in simple message business.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Taiwan Cellular Corp., the island's largest privately held cellular provider, recently announced that its simple-message business doubled and its value-added services rose 128% last year, making them the major...

Two bidders dropped from Chunghwa WLAN bidding.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Z-Com, Inc. and Accton Technology Corp. have been disqualified and removed from the competition with 15 other manufacturers for a contract to supply the state-run Chunghwa Telecom Co., Ltd. with wireless local...

Kolin, Kelon tie up in home appliance business.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Taiwan Kolin Co., Ltd., one of the top three consumer appliance brands on the island, recently announced that it would form a strategic alliance with Kelon Electrical Holdings Co., Ltd., one of the top two...

Samsung to tap local appliance market in March.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Several new appliance-product series made by Samsung Electronics of South Korea will be unveiled to the domestic market next month through the island-wide distribution channels of local dealer Taiwan Kolin Co ...

Samsung to tap local appliance market in March.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Several new appliance-product series made by Samsung Electronics of South Korea will be unveiled to the domestic market next month through the island-wide distribution channels of local dealer Taiwan Kolin Co ...

Mobiletron Electronics eyes pretax EPS of over NT$4 in 2002.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Mobiletron Electronics Co., a major electric tool maker in Taiwan, expects to post pretax earnings per share (EPS) of over NT$4 in 2002 due to its successful development of car-use optoelectronics control devices...

Chicony Electronics scored pretax EPS of NT$0.48 in January.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Chicony Electronics Co., a major keyboard maker in Taiwan, posted pretax earnings per share (EPS) of NT$0.48 in January, a figure higher than expected, executives of the firm said yesterday In a presentation...

Wistron reportedly having landed X-Box orders from Microsoft.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Wistron Corp., a subsidiary of Acer Group, has reportedly obtained X-Box orders from Microsoft, making it the world's second firm to assemble game machines. But executives of Wistron yesterday declined to confirm...

D-Link to post over 30% revenue growth in 2002.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--D-Link Corp. said yesterday that its revenue from Internet Protocol (IP) products such as broadband and wireless local area network (WLAN) would help the firm post revenue growth of over 30% in 2002, compared...

NT$ ends slightly up on exporter U.S. dollar sales.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--The New Taiwan dollar yesterday edged up NT$0.002 to close at NT$35.088 against the U.S. dollar on the Taipei Foreign Exchange market amid month-end U.S. dollar selling by exporters, market dealers said. The...

Ratio of online stock trading hit new high of 9.2% in January.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--The ratio of online stock trading value to total turnover of the local bourse hit a record high of 9.2% in January, up from the previous month's 8.81%, according to statistics compiled by the Taiwan Stock...

Exxon-Mobil in talks with CPC on cooperation project.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--The international oil giant Exxon-Mobil is negotiating with Taiwan's state-run Chinese Petroleum Corp. (CPC) to purchase oil products from the latter for sales in the local market before it captures a certain...

Nan Ya led in Jan. revenue among local PCB makers.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Nan Ya Printed Circuit Board Corp., a main local PCB (printed circuit board) manufacturer belonging to the Formosa Plastics Group, ranked first in terms of revenue for last month with NT$1.019 billion among all...

Local makers raise export prices of PP.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Main local producers of PP (polypropylene) recently decided to adjust up their export quotations of the petrochemical by US$5-US$10 per metric ton The hike in export prices of PP was due to a large rise in...

Lite-On IT aims at revenue of NT$33-35 billion for 2002.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Lite-On IT Corp., the largest domestic manufacturer of CD (compact disk) drives listed on the local Taisdaq bourse, preliminarily projects its revenue for this year at NT$33-35 billion. Lite-On IT presented its...

Chi Mei, Taita Chemical hike domestic prices of ABS, PS.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Chi Mei Corp and Taita Chemical Co., Ltd. recently raised their domestic sales prices per kilogram of ABS (copolymer of acrylonitrile, butadiene, styrene) and PS (polystyrene) by NT$0.5 and NT$1, respectively,...

Eden Technology listed on Taisdaq on Feb. 27.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Eden Technology Corp., a main local manufacturer of MLCC (multi-layer chip ceramic capacitors), will today begin its listing on the local Taisdaq (over-the-counter) stock market at an initial price of NT$20 per...

HannStar Board to distribute dividend of NT$1.2 per share for 2001.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--HannStar Board Corp., a local PCB (printed circuit board) manufacturer listed on the local Taisdaq bourse, will distribute a dividend per share of NT$1.2, NT$0.6 in stock and cash each, for its business operation...

Taiwan's January M2 money supply growth hit record low.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Taiwan's M2 money supply, the broadest measure of money flows, grew 3.9% year-on-year in January, the lowest monthly growth rate on record, the Central Bank of China reported yesterday. January figure also...

Taiwan's foreign-currency deposits hit 3-month high in January.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--The amount of foreign-currency deposits in Taiwan's banking system hit a three-month high to reach NT$1.1436 trillion at the end of January, the Central Bank of China said yesterday. However, January figure...

Overdue loan ratio of banks in Taiwan hit 8.16% at year-end 2001.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--The total amount of overdue loans in Taiwan's banking system stood at NT$1.151 trillion at the end of last year, representing an overdue loan ratio of 8.16%, compared with 7.96% a quarter previously. Last month,...

Taiwan's asset securitization deals may total 12 in 1st year.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Around 12 asset securitization transactions could take place in a year after Taiwan' lawmakers approve the bill to allow the issuance of asset-backed securities (ABS), a ranking official of Standard & Poor's said...

Industrial Bank of Taiwan to tie up with foreign firm via share swap.
February 27, 2002... Taipei, Feb. 27, 2002 (CENS)--Industrial Bank of Taiwan has struck a deal with a foreign institution to carry out a share swap in the next two months, IBT President Kenneth Lo said yesterday Such a cross-sharing will mark a big step...

VIA Technologies Unveils Ambitious Plan for 2002/2/21.
February 27, 2002... By KEN LIU Chen Wen-chi, president and CEO of VIA Technologies, is determined to build his company into the world's top supplier of embedded microprocessors and chips for optical disk drives (ODDs) this year, and into the world's top fabless...

Cheng Hsin Group to set up global HQ in central Taiwan Taipei, Feb. 26, 2002 (CENS)--Cheng Hsin Rubber Ind. Co. will become the first Taiwan company to set up its global business headquarters on the island and will gain various tax incentives to be offere.
February 26, 2002... IBM to sell mainland-made notebook PCs in Taiwan soon Taipei, Feb. 26, 2002 (CENS)--American computer giant IBM is scheduled to introduce low-cost notebook computers made in mainland China for sales in Taiwan in the second quarter of this...

Foreign securities firms turn more bullish on Taiwan.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Several major foreign securities companies have revised upward the projected economic growth rate for Taiwan in 2002 in view of the gradual economic recovery. Their forecasts range from 1% to over 3% ...

Premier picks 4 core industries for stepped-up development.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--The Executive Yuan (Cabinet) led by Premier Yu Shyi-kun has selected four high-tech industries for all-out development in the future that will further sharpen Taiwan's industrial competitive edge on the world...

No. 2 air cargo processing center at CKS Airport makes debut.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--The second phase of an air cargo terminal at the Chiang Kai-shek International Airport will be inaugurated by several investment partners led by EVA Air Cargo and Warehouse Co. today to give corporations a new...

23 Taiwan, foreign firms to offer quake reinsurance coverage.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--The Ministry of Finance (MOF) has allocated the NT$2 billion coverage of earthquake insurance among 23 Taiwan and foreign non-life insurance companies starting on April 1. It will also allow them to take part in...

RT-Mart ties up with Sea Star Group to enter mainland China.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--RT-Mart, one of Taiwan's best-known hypermarket operators, will cooperate with mainland China's Sea Star Group to enter the fast-growing supermarket and hypermarket markets in the mainland's northwest region ...

UMC expects to land health card chip orders !@.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--United Microelectronics Corp. (UMC) expects to soon land orders from Teco Group to make integrated-circuit chips for its healthcare cards. The orders, for 30 million chips in total, are expected to further boost...

Winbond increases outsourcing contracts with TSMC!@.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--An executive of Winbond Electronics Corp. has indicated that that his parent company will farm out production of logic chips made with the 0.25-micron process to Taiwan Semiconductor Manufacturing Co., not to...

8 firms to announce common specifications for smart handheld devices.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Eight information-technology (IT) and telecom-product makers in Taiwan will jointly announce common specifications for smart handheld devices early next month The Computer & Communication Research...

Rechi Precision listed on OTC market at NT$16.8 per share.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Rechi Precision Co., the largest air compressor maker in Taiwan and the world's third largest maker in the line, was listed yesterday on the island's over-the-counter (OTC) securities at a price of NT$16.8 per...

Kung Ming Optoelectronics to score high EPS of over NT$10 in 2002.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Kung Ming Optoelectronics Co., a reinvested affiliate of Kung Ming Computer Co., estimates its revenue at NT$6.5 billion in 2002, with pretax earnings per share (EPS) to surpass NT$10, executives of the firm said...

Quanta Display raises capital of NT$5.1 billion.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Quanta Display Inc., a major TFT-LCD (thin film transistor-liquid crystal display) maker in Taiwan, successfully raised capital of NT$5.1 billion within one month to finance the firm's establishment of fifth...

High Tech Computer listed on Taiwan Stock Exchange today.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--The Taiwan-based High Tech Computer Co., the world's largest pocket PC maker, is scheduled to be listed on the Taiwan Stock Exchange on Mar. 26 at an initial price of NT$163.5 per share, industry sources said...

Average interest rate for new bank loans up slightly in January.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--The weighted average annual interest rate for new loans granted in January by Taiwan's five leading domestic banks edged up 0.095 of a percentage point from one month earlier to reach 4.557%, according to...

Taiwan's economy poised for recovery: TIER.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--The business climate index for Taiwan compiled in January by a local private economic think tank rose 4.57 points from one month earlier to stand at 104.33 points, marking the third consecutive monthly rise of...

Family Mart listed on Taisdaq on Feb. 25.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Taiwan Family Mart Co., Ltd., the local operator of the Family Mart convenience store chain, began its listing on the local Taisdaq (over-the-counter) stock market yesterday with an initial price of NT$25 per...

Sampo Technology likely to hit monthly revenue of NT$2 billion.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Sampo Technology Corp., a main local manufacturer of LCD (liquid crystal display) monitors, stands a good chance of attaining revenue of NT$2 billion a month due to anticipated business growth Sampo...

Tainan Enterprises, Roo Hsing enjoy booming operation in Cambodia.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Tainan Enterprises Co., Ltd. and Roo Hsing Garment Co., Ltd., two main local garment manufacturers, have benefited from investment in garment production in Cambodia Tainan Enterprises is listed on the Taiwan...

4 listed fabric makers posted profit growth in JanTaipei, Feb. 26, 2002 (CENS)--Four local manufacturers of fabrics listed on the Taiwan Stock Exchange witnessed their pretax profits for last month significantly rise from January last year, with Wisher.
February 26, 2002... The other three companies are Taiwan Taffeta Fabric Co., Ltd., De Licacy Industrial Co., Ltd., and Honmyue Enterprise Co., Ltd Wisher's pretax profit of NT$17.24 million for last month soared by 115.5% from the NT$8.0 million posted in...

Major distributors of IC components saw large profit growth in JanTaipei, Feb. 26, 2002 (CENS)--Three local distributors of IC (integrated circuit) components and materials listed on the local Taisdaq bourse witnessed large growth in their pretax profi.
February 26, 2002... Weikeng rang up NT$830 million in revenue last month, jumping by 71% from a year earlier. The company reaped pretax profit of NT$28 million last month, posting year-on-year growth of 60% and translating into EPS of NT$0.32.

Taiwan's 2002 per capita GNP to retreat to 1995 level.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Taiwan's per capita gross national product (GNP) will slide to US$12,756 in 2002, though the island's economy is expected to bottom out from its worst recession in recent memory, the government's statistical...

Compal's net profit down 9.7% in 2001.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Notebook computer maker Compal Electronics Inc. said yesterday it garnered a net profit of NT$5.4 billion last year, down 9.7% from NT$5.98 billion recorded in 2000 Net earning per share for 2001 was NT$2.66,...

Uni-President to open 7-11 stores in mainland with Japanese, Chinese investors.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--The Uni-President Group will set up a joint venture with the largest shareholder of 7-Eleven Inc. of the U.S. and other mainland Chinese investors to operate 7-Eleven chain stores in Beijing and Shanghai, C.Y....

China Development Holding to take up TransAsia Airways.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--China Development Financial Holding Company plans to take up the management of TransAsia Airways phase-by-phase within a period of three years, a ranking official of air carrier said yesterday. To pave the way...

UMC sold off 8-inch wafer foundry equipment of its 8B plant.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Ranking officials of United Microelectronics Corp. confirmed yesterday that the company has sold off the eight-inch wafer foundry equipment of its 8B plant. However, UMC officials declined to reveal the...

Taiwan shares close 1.8% lower on lack of fresh leads.
February 26, 2002... Taipei, Feb. 26, 2002 (CENS)--Taiwan shares yesterday ended lower in thin trading due to a lack of fresh leads from the bellwether electronics sector, analysts said. The main index may continue to consolidate downward in the near term until...