Taiwan Economic News articles from January 2002, page 2

Taiwan Economic News archives from January 2002

Siltrontech Electronics listed on Taisdaq on Jan. 28.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Siltrontech Electronics Corp., a local distributor of semiconductor, PC, and consumer electronics components, was listed yesterday on the local Taisdaq (over-the-counter) stock market at an initial price of NT$22...

Taiwan Fertilizer hikes 2001 financial forecast.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Taiwan Fertilizer Co., Ltd., a local manufacturer listed on the Taiwan Stock Exchange, announced yesterday an upward adjustment in its financial projection for 2001, with earnings per share (EPS) raised from...

Taiwan's Dec. economic indicators signal a possible recovery.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Taiwan's composite index of leading indicators rose for the third straight month in December, signaling that an economic recovery for the island is under way, the government said yesterday. The leading...

Standard & Poor's assigns 'BB-' credit rating to Ritek.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Standard & Poor's yesterday assigned its 'BB-' corporate credit rating to Ritek Corp. as well as the company's US$200 million convertible bonds maturing January 2007. The outlook on the rating is stable. The...

Acer releases 35 million Benq shares in GDRs.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Acer Inc. said it garnered around NT$1.2 billion in profit through the sale of global depositary receipts (GDR) of its affiliate, Benq Corp., yesterday. Acer sold 35 million common shares in Benq, formerly Acer...

Central Deposit Insurance takes over Kaohsiung Business Bank.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--The Central Deposit Insurance Corp., under the instruction of the Ministry of Finance, yesterday took over the management of the ailing Kaohsiung Business Bank after the bank failed to realize a capital...

Taiwan shares end at near one-year high on warmer China ties.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Taiwan shares yesterday closed at the highest level in nearly a year, buoyed by hopes of warmer cross-strait relations and ample liquidity, analysts said. Petrochemical issues also helped paced the rally in...

Sanyang and Honda Part Ways.
January 29, 2002... By QUINCY LIANG After working together for 40 years, Taiwan's Sanyang Industry Co. and Japan's Honda Motor Co. announced this month that their cooperative ties would soon come to an end. This sudden but not unexpected move will lead to...

Industry leaders welcomes softening tensions with Beijing.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Business and industry leaders in Taiwan expressed cautious optimism about possible improvement in Taiwan's relations with mainland China after senior Beijing officials showed more pragmatism toward Taiwan's...

Premier-designate Yu forms new 'combat cabinet'.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Premier-designate Yu Shyi-kun yesterday completed lining up the new Cabinet by appointing a total of 39 senior officials, including the change of 23 officials in the biggest ever personnel reshuffle in two...

Biz leaders want 'combat cabinet' to focus on economic development.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--President Chen Shui-bian yesterday gave a thumb-up to the new 'combative Cabinet' formed by Premier-designate Yu Shyi-kun, but over 80% of legislators newly elected on Dec. 1 also called it an 'election Cabinet'...

Jackpot of second issue of lotto to hit NT$250 million.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--The jackpot of the second issue (No. 091002) of the 'public-interest' computerized lottery is expected to hit over NT$250 million if one single winner bets on all six numbers will be drawn at 7:55 p.m. today ...

Semiconductor firms with Taiwan capital expanding to Beijing.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--While Semiconductor Manufacturing International Corp. (SMIC) set up in Shanghai by Taiwanese investors is planing to expand to Beijing in northern China, entrepreneur Winston Wang is also building a plant in...

Eastern Multimedia, GigaMedia to trim workforces.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Broadband telecom service providers Eastern Multimedia Technology Inc. and Hoshin GigaMedia Center Inc. will cut over 100 employees each next month At the end of last year, Eastern Multimedia, a media...

Delta to enhance cooperation with Artesyn.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Delta Electronics Inc. will enhance cooperation with the U.S.-based Artesyn Co., the world's fifth-largest producer of power supplies, following a recent US$50 million investment by of Delta president C.H. Cheng...

eMachines to shift procurement to Taiwan.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--eMachines Inc., the second-largest retail PC brand in the United States, will soon start buying information technology (IT) hardware from Taiwan, according to company CEO Wayne Inouye Inouye led a group of...

Sony launches PS2 game console in Taiwan.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Sony Corp. yesterday launched the Taiwan version of its popular PlayStation II (PS2) game console on the island. Local industry specialists forecast the rollout to generate new contract business for electronics...

Taiwan saw slight production growth in opto-comm. passive parts in 2001.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--The production value of Taiwan's opto-communication passive parts industry stood at about US$101 million (or an equivalent of NT$3.3 billion) in 2001, up slightly from the US$92 million recorded in 2000, industry...

Industrial PC makers to accelerate mainland China deployments.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--In order to further reduce production cost and upgrade gross profit rate, Taiwan's top three industrial PC makers have moved to accelerate their business deployments in mainland China, industry sources said...

CMC Magnetics to expand CIA production capacity.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--In addition to the development of 40 x speed CD-Rs and DVD-Rs, CMC Magnetics Corp. also expects to expand the production capacity of its communication and information appliance (CIA) products this year,...

NT$ ends higher on yen recovery.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--The New Taiwan dollar yesterday finished higher against the U.S. dollar in line with a rebound in the Japanese yen, according to market dealers The N.T. dollar rose NT$0.006 against the greenback to close at...

Applied Materials Taiwan denies involvement in UMC's wafer equipment sales.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Applied Materials Taiwan yesterday categorically denied local press report that the company has sent engineers to help United Microelectronics Corp. (UMC) remove its old eight-inch wafer equipment to mainland...

Biz leaders to sign declaration on IPR protection.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Top executives of local business and industrial associations will sign a self-discipline declaration on the protection of intellectual property rights (IPRs) at the Ministry of Economic Affairs (MOEA), a ranking...

Etron Technology to begin production of integrated LCD controller ICs.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Etron Technology Inc., a local producer of memory ICs (integrated circuits) listed on the local Taisdaq bourse, will soon start commercial production of LCD (liquid crystal display) controller ICs integrating...

Telle Optronic to be listed on TSE.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Telle Optronic Co., Ltd., a local manufacturer of various optical lenses, was recently approved early this month to list its shares on the Taiwan Stock Exchange (TSE) and is actively preparing for the listing...

Netronix to be listed on Taisdaq on Jan. 28.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Netronix, Inc., a local manufacturer of networking products, will be listed on the local Taisdaq (over-the-counter) stock market at an initial price of NT$29 per share on next Monday (Jan. 28) Netronix...

Xander International scored record high revenue in Dec. 2001.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Xander International Corp., a local distributor of information technology products listed on the local Taisdaq bourse, raked in revenue of NT$508 million last month, the highest monthly figure ever for the...

FPC enjoying brisk PVC sales.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Formosa Plastics Corp. (FPC), a major local petrochemical manufacturer listed on the Taiwan Stock Exchange, is enjoying brisk sales of its PVC (polyvinyl chloride) The hot sale of FPC's PVC is indeed caused...

China Steel earned NT$0.92 per share in 2001.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--China Steel Corp. (CSC), Taiwan's largest steel manufacturer listed on the Taiwan Stock Exchange, recorded earnings per share (EPS) of NT$0.92 last year CSC rang up pretax profit of NT$685 million last...

Taiwan's government sold NT$40 billion in 5-year bonds.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Taiwan's government yesterday sold US$40 billion worth of five-year state bonds at an average awarded yield of 3.039% per annum, said officials with the Central Bank of China The highest and lowest awarded...

Standard & Poor's affirms Fubon Insurance 'AA-' credit rating.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Standard & Poor's yesterday affirmed its 'AA-' insurer financial strength and credit rating to Fubon Insurance Co. The outlook for the credit rating is stable. The ratings on Fubon Insurance reflect the company's...

U.S. official: Taiwan would play by TWO rules.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Taiwan is serious about becoming a good member of the World Trade Organization and would play by WTO's rules, a top U.S. commerce official said here yesterday. Willian Lash, a U.S. assistant secretary of...

Taiwan shares end slightly higher on improved sentiment.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Taiwan shares ended slightly higher yesterday on strong buying of selective electronics issues, particularly in issues of semiconductors and TFT-LCD (thin film transistor-liquid crystal display) panels, analysts...

Ind. Bank of Taiwan to issue certificates of loan collateral.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Industrial Bank of Taiwan (IBT) yesterday signed an agreement with Societe Generale to jointly develop new financial derivatives via securitization of creditorship assets The first securitization product...

Central Deposit Insurance steps into Kaohsiung Business Bank.
January 25, 2002... Taipei, Jan. 25, 2002 (CENS)--Staffs of the Central Deposit Insurance Co. (CDIC) has moved into financially-troubled Kaohsiung Business Bank to help improve the bank's management and operating efficiency, CDIC officials said. The CDIC would...

Taiwan Auto-Parts Makers Ready for WTO.
January 25, 2002... By QUINCY LIANG Most of Taiwan's major auto-parts makers say that they are ready for the intensified foreign competition that is certain to come following the island's accession to the World Trade Organization (WTO) at the beginning of this...

9 more Cabinet officials named; economics, finance chiefs soon.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Premier-designate Yu Shyi-kun yesterday announced nine more officials in the new Cabinet he is currently organizing. The focus of attention now shifts to the appointments of economics and finance ministers...

President Chen's team to focus on his reelection bid in 2004.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--The gradually shaping up of the Cabinet reflects the massive movement to the power center and key positions of President Chen Shui-bian's close aides. It also shows Chen's administration is ready to take full...

Foreign group ready to invest US$500 M. in Taiwan properties.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Executives of Hua Nan Commercial Bank said yesterday that an international financial conglomerate is planning to invest an estimated US$500 million in Taiwan's real estate market They said the capital will...

Top lotto winner to bag NT$130 million.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Taipei Bank will officially announce this morning the exact prize money to be awarded to winners who bet on the 'public-interest' computerized lottery. The top prize is estimated to reach NT$130 million....

Photonics symposium kicks off in Taipei.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--The 2002 Optoelectronics Symposium, sponsored by the Photonics Industry & Technology Development Association (PIDA), kicked off yesterday at the Taipei International Convention Center A total of 11 seminars...

ITRI launches nanotechnology program.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Senior government officials, industry representatives and experts at the government-backed Industrial Technology Research Institute (ITRI) participated in a ceremony in Kaohsiung this Monday to launch a...

Alcatel to open 3G center in Taiwan.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Alcatel SA of France will open a third-generation cellular application center in Taiwan, according to an executive of the telecom-equipment provider. Ron Spithill, president for Alcatel's Asia Pacific operation,...

Taiwan finalizes quotas for Japanese car imports.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Taiwan has finalized both the country and global quotas for imported Japanese automobiles, awarding Toyota with the highest volume limit this year Up to 10,000 Japanese cars can be imported to Taiwan this...

Ability Enterprise to strengthen optical development in mainland.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Ability Enterprise Co. will invest NT$34 million to obtain a 19% stake in its reinvested firm Fortine Finder and indirectly secure a 10% stake in a leading camera maker in mainland China, thus strengthening its...

Mediatek to post pretax EPS over NT$25 in 2002.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Mediatek Inc., a leading IC design firm in Taiwan, is expected to post pretax earnings per share (EPS) of over NT$25 in 2002, institutional investors here said yesterday. Mediatek's share price closed at NT$750...

AU Optronics to issue ADRs to raise US$600 million.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--AU Optronics Inc. is scheduled to issue ADRs (American depository receipts) to raise US$600 million (about NT$20 billion) in funds in the second quarter of this year, industry sources said yesterday. The local...

Sampo to debut first locally made LCD TVs in February.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--In line with the advent of the digital era, Sampo Corp. expects to introduce a series of high quality digital products, including the first LCD (liquid crystal display) TVs produced domestically. This new device...

Ritek, CMC Magnetics to compete for DVD-R orders.
January 23, 2002... Taipei, Jan, 23, 2002 (CENS)--Ritek Inc. and CMC Magnetics Corp., two leading CD-R makers in Taiwan, are expected to further compete for DVD-R orders in 2002. Both firms conceded that about 10% of their revenues, or NT$2 billion each, would...

Approved foreign investments in Taiwan down 32.6% in 2001.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Approved investments in Taiwan by foreign and overseas Chinese enterprises amounted to US$5.128 billion in 2001, representing a sharp annual drop of 32.59%, according to government statistics released yesterday...

Average interest rate for new bank loans hit new low of 4.462% in Dec. 2001.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--The weighted average interest rate for new loans extended in December 2001 by Taiwan's five leading domestic banks hit a new low of 4.462% per annum, down 0.544 of a percentage point from one month earlier....

Shinih Enterprise earned NT$1.98 per share in 2001.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Shinih Enterprise Co., Ltd., a local textile manufacturer listed on the local Taisdaq (over-the-counter) stock market, reaped earnings per share (EPS) of NT$1.98 last year Shinih raked in pretax profit of...

FPC sets target sales volumes of LDPE, LLDPE, HDPE for 2002.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Formosa Plastics Corp. (FPC), a leading local petrochemical manufacturer listed on the Taiwan Stock Exchange (TSE), aims to deliver 180,000 metric tons of LDPE and LLDPE each and 400,000 metric tons of HDPE...

Cameo Communications, Golden Bridge listed on Taisdaq on Jan. 22.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Cameo Communications, Inc. and Golden Bridge Electech Inc., two local electronic manufacturers, were listed yesterday on the local Taisdaq (over-the-counter) stock market at initial prices of NT$36 and NT$29 per...

Mech-President fast expanding gas station chain.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Mech-President Corp., the local company operating Smile gas station chain around Taiwan, is expanding the chain to a target of 50 gas stations at the end of this year Mech-President is an affiliate of the...

Major mainboard makers estimated to earn over NT$7.5/share for 2001.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Asustek Computer Inc., Elitegroup Computer Systems Co., Ltd., Giga-Byte Technology Co., Ltd., Micro-Star International Co., Ltd., the top four local manufacturers of motherboards, are estimated to reap net...

Ichia Technologies posted EPS of NT$2.47 in 2001.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Ichia Technologies, Inc., a local manufacturer of keyboards used in cellular phones, recorded earnings per share (EPS) of NT$2.47 last year. Apart from its domestic production base, Ichia has three overseas...

Taiwan's export orders contracted 11.5% to US$135.7 billion in 2001.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Export orders received by Taiwan's companies marked the first double-digit annual decline in 2001 due to the global economic slowdown and the Sept. 11 terrorist attacks on the U.S., the Ministry of Economic...

Siliconware Precision raises US$175 M. in convertible bond sale.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Siliconware Precision Industries Co., a leading chip tester and packager on the island, said yesterday it has completed the issuance of US$175 million worth of convertible bonds. Proceeds from the bonds will be...

U.S. Assistant Secretary of Commerce visits Taiwan.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--William H. Lash, U.S. assistant secretary of commerce for market access and compliance, arrived in Taipei yesterday from a four-day visit, the American Institute in Taiwan said in a press release. The purpose of...

Taiwan shares end flat on cautious mood.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Taiwan shares closed near flat yesterday as late profit-taking eroded early gains on follow-through buying amid the formation of the new Cabinet, analysts said. Investors decided to lock in profits after Monday's...

Road show for TSMC ADRs slated to begin Jan. 28.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--The National Stabilization Fund and the Development Fund under the Executive Yuan will begin to release its holdings of shares in Taiwan Semiconductor Manufacturing Co. via American Depositary Receipts,...

Taiwan's debt capital market closed 2001 with US$7.5 B. syndicated loans.
January 23, 2002... Taipei, Jan. 23, 2002 (CENS)--Taiwan's debt capital market closed out 2001 with 66 deals in syndicated loans amounting to US$7.5 billion, according to a recent industry report. The number of syndicated loans denominated in the New Taiwan...

Taiwanese Steel Makers Plan Mainland Investments.
January 23, 2002... Yieh Loong Co., Tycoon Group Enterprise Co., Sheng Yu Steel Co., and Kao Hsing Chang Iron & Steel Corp. are all major Taiwanese steel companies, and all plan major investments in mainland China in 2002. Their mainland factories will turn out...

New Cabinet may adopt more pragmatic stance toward Beijing.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Analysts expect that the government's policies toward mainland China will become more pragmatic after the latest reshuffle of top officials at the Executive Yuan (Cabinet). When appointing presidential Secretary...

Biz and industry leaders praise new Cabinet Taipei, Jan. 22, 2002 (CENS)--Stock investors welcomed the appointment of presidential Secretary General Yu Shyi-kun as the new premier, but business and industry leaders expressed hope that the new Cabinet will.
January 22, 2002... President Chen Shui-bian yesterday announced forming a "combat Cabinet" to be led by Yu. He also reaffirmed the policy of placing greater emphasis on economic affairs as he expects the political environment in Taiwan will become more stable...

CEPD may regain clout under Vice Premier Lin.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--The appointment of Economics Minister Lin Hsin-yi as new vice premier but concurrently holding the position as chairman of the Council for Economic Planning and Development (CEPD) is expected to give Lin a...

Lotto sales hit NT$1.34 B. in 6 days; winners to emerge tonight.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Most people in Taiwan and offshore islands will be glued to their TV sets at 7:55 p.m. this evening to watch the emerging of winning numbers of the inaugural issue of computerized lottery as the top prize will...

Former CSC chairman engineers turnaround at Tong Long Metal.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--C.Y. Wang, former chairman of China Steel Corporation (CSC), is beginning to see results in his efforts to turn around the financially-troubled Tong Long Metal Industry Co Wang was hired three years ago by...

TSMC chairman evaluates factory sites in mainland industrial parks.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Taiwan Semiconductor Manufacturing Co. (TSMC) chairman Morris Chang departed yesterday for mainland China to evaluate potential production sites at high-tech industrial parks in Suzhou and Wuxi. Industry...

Palm to develop business PDA market in Taiwan.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Palm Inc. of the United States, the world's top brand of personal digital assistants (PDAs), plans to team up with leading Taiwanese hardware makers to develop the business segment of the PDA market. Craig Will,...

Kung Long Batteries to be listed on local stock exchange today.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Kung Long Batteries Industry Co. is scheduled to list its shares on the local stock exchange today, making it the first lead-acid battery maker listed on the market. The starting listed price is set at NT$43 per...

ATI-Nvidia graphic chip competition heats up in Taiwan.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Several Taiwan graphic card suppliers recently decided to adopt graphic chips made by ATI Technology Inc., putting heat on the Canadian company's U.S. rival Nvidia in the local market ATI and Nvidia have...

Elan Microelectronics eyes revenue of NT$4 billion for 2002.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Following the recent change of product lines, Elan Microelectronics Co. expects its revenue to grow 10% from 2001 to hit NT$4 billion in 2002, executives of the firm said yesterday Elan Microelectronics will...

Tong Yang Group targets revenue at NT$12 billion for 2002.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Tong Yang Group, the largest auto parts producer in Taiwan, said yesterday that its revenue would grow 20% from 2001 to reach NT$12 billion this year despite the impact from Taiwan's entry into the World Trade...

Synnex declined to 3rd most profitable IT distributor in 2001.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Synnex Technology Corp. dropped to the third place in terms of pretax earnings per share (EPS) among local distributors of IT (information technology) products in 2001, with pretax (EPS) reaching only NT$3,...

Xander Int'l entrusts Elitegroup to produce notebook PCs.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Xander International Corp., a subsidiary of VIA Technologies Inc., has decided to entrust Elitegroup Computer System Corp. to produce notebook PCs on an OEM (original equipment manufacturer) basis, executives of...

NT$ ends slightly higher on stronger yen, local stock rally.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--The New Taiwan dollar yesterday closed slightly higher against the U.S. dollar on a stronger yen and gains in the local stock market, market dealers said The N.T. dollar rose NT$0.015 against the greenback to...

Average interbank loan rate up 2.1 basis points.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--The average interest rate for local overnight interbank loans yesterday edged up 2.1 basis points from the previous session to reach 2.313% per annum amid increasingly tight credit situation of the banking...

Postal savings deposits down slightly in Dec. 2001.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Total postal savings deposits recorded as of the end of December 2001 posted a slight drop of NT$8 billion from one month earlier to reach NT$3.0482 trillion, which, however, was up 7.47% or NT$211.9 billion from...

Taiwan's export textile quota utilization rates mostly down in 2001.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Taiwan's utilization rates for textile import quotas set by the U.S., the European Union (EU), Argentina, and Turkey decreased last year from 2000, while the rate for Canada's import quota inched up by 0.15% ...

Lite-On IT setting up new CD drive factory in mainland China.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Lite-On IT Corp., the largest local manufacturer of CD (compact disk) drives listed on the local Taisdaq bourse, is establishing a new CD drive factory with an investment of NT$1 billion in mainland China ...

Wisher Industrial, Honmyue scored positive EPS for 2001.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Wisher Industrial Co., Ltd. and Honmyue Enterprise Co. Ltd., two local manufacturers of fabric listed on the Taiwan Stock Exchange (TSE), reaped earnings per share (EPS) of NT$NT$1.82 and NT$2.07, respectively,...

Merck Display to produce color filters used in STN-LCDs.
January 22, 2002... Taipei, Jan. 22, 2002 (CENS)--Merck Display Technologies Ltd., the largest local producer of ITO (indium tin oxide) glass substrates used in TN-LCDs (twisted nematic-liquid crystal displays) and STN-LCDs (super TN-LCDs), will produce color...