Taiwan Economic News articles from January 2002

Taiwan Economic News archives from January 2002

MOF may slow down pace of forming financial holding firms.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--The government may revise the plan of encouraging establishment of financial holding companies (FHCs), although the direction of pushing mergers and acquisitions among financial institutions will remain unchanged...

Reshuffle of senior Cabinet officials will continue.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Following the formation of the 'combat Cabinet' by Premier-designate Yu Shyi-kun, outgoing Premier Chang Chun-hsiung has given his approval to allow about 40 deputy chiefs at the 36 Cabinet agencies to resign so...

FHC plan of Bank of Taiwan, Land Bank, CTC may derail.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--A major campaign pushed by former Finance Minister Yen Ching-chang to integrate the state-owned Bank of Taiwan, Land Bank of Taiwan, and Central Trust of China (CTC) into a gigantic financial holding company...

Cathay Life aggressive on forming subsidiary in m'land China.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Cathay Life Insurance Co., the largest insurance firm in Taiwan, expects to receive permission from the Ministry of Finance (MOF) to organize a joint venture subsidiary with partners in the mainland ...

Taiwan mortgage loan rates to fall below 5% soon.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--The mortgage loan rate in Taiwan is expected to fall under 5% per annum soon as major banks and life insurance companies continue competing for new customers by offering even lower interest rates The...

ASE expanding IC packaging, testing to Shanghai.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Taiwan semiconductor packaging and testing giant ASE (Advanced Semiconductor Equipment) Inc. is working on a plan to invest US$300 million in the next five years to expand its services to Shanghai in mainland...

Acer TWP and Softchina trim payrolls.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Hit by a prolonged economic depression and the shrinking market for independent PC games, Taiwan's top-two game developers--Acer TWP Corp. and Softchina Corp.--have been cutting their payrolls Acer TWP, an...

Ritek lands large DVD order from Twentieth Century Fox.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Ritek Corp., Taiwan's leading manufacturer of compact disks (CDs) and digital versatile disks (DVDs), recently received a large order to make pre-recorded DVD videos for Twentieth Century Fox Home Entertainment...

MediaTek branches into cellular phone chip design.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--MediaTek Corp., Taiwan's largest designer of storage-media chips, has recently expanded into the design of base-band chips and radio frequency (RF) chips for the second-generation global system for mobile...

Benq projects revenue at NT$170 billion this year.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Benq Corp. projected that it and its affiliates would have combined revenue of about NT$170 billion (US$4.85 billion at US$1:NT$35) this year, or 49.12% more than last year's NT$113.2 billion (US$3.23 billion)....

Apple demonstrates new flat-panel iMac in Taiwan.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Apple Computer Taiwan, Inc., the local subsidiary of the U.S. computer giant, on Jan. 29 demonstrated the new iMac personal computer Dong Jun-liang, president of the subsidiary, said that about 150,000 of...

Tatung, Taiwan Fertilizer plan CD-RW pick-up head venture.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Tatung Co. and Taiwan Fertilizer Co. are planning to set up a joint venture to produce optical pick-up heads for compact disc-rewritable (CD-RW) drives The two companies plan to invest NT$500 million...

Sampo to further develop export markets in 2002.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Sampo Corp., a major home appliance maker in Taiwan, expects to further develop export markets in line with Taiwan's entry into the World Trade Organization (WTO), Ho Heng-chung, company president, said...

VIA Technologies to venture into DVD chipsets.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--VIA Technologies Inc. has decided to venture into the DVD chipset market and has already placed such orders with Taiwan Semiconductor Mfg. Co. (TSMC), executives of the local chipset maker said yesterday VIA...

Mobile phone makers to accelerate deployments in mainland China.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Taiwan's leading mobile phone makers such as Benq Corp., GVC Corp., and Dialer & Business Electronics Co. have accelerated their mainland China deployments recently, industry sources said yesterday For...

Kye Systems to post pretax EPS NT$3.5 in 2002.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--After securing huge orders for X-Box joysticks from Microsoft, Kye Systems Corp. expects that its revenue and profit will grow over 30% in 2002, with its pretax profit to surpass NT$600 million in 2002 for...

Ret-Ser Engineering to set up industrial/commercialzone in Linkou.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--To diversify its business operations, Ret-Ser Engineering Agency has decided to invest over NT$10 billion to set up an industrial/commercial complex zone in Linkou in Taipei County, executives of the firm said...

Powerchip Semicon. saw pretax loss of NT$2.82 per share in 2001.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Powerchip Semiconductor Corp., a major DRAM maker in Taiwan, claimed yesterday that the firm posted after-tax loss of NT$6.43 billion in 2001, translating into earnings per share (EPS) of -NT$2.82 Powerchip...

NT$ closes higher on firmer yen.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--The New Taiwan dollar finished higher against the U.S. dollar for the fifth straight session, mostly supported by a firmer yen, market dealers said The N.T. dollar rose NT$0.016 against the greenback to close...

Taiwan's efforts against commercial piracy pay off.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Taiwan's efforts to intensify the protection of intellectual property rights (IPRs) have paid off especially after the island was officially admitted into the World Trade Organization (WTO) on Jan. 1, officials...

Audix led in 2001 EPS among listed IC component distributors.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Audix Corp., among all local distributors of IC (integrated circuit) components, materials, or production equipment listed on the Taiwan Stock Exchange, ranked first in earnings per share (EPS) for last year with...

Sunplus Technology earned NT$3.9 per share in 2001.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Sunplus Technology Co., Ltd., a main local designer of ICs (integrated circuits) for consumer electronics listed on the Taiwan Stock Exchange (TSE), reaped net (after-tax) earnings per share (EPS) of NT$3.9 last...

Fu Sheng Industrial posted 80% growth in 2001 pretax profit.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Fu Sheng Industrial Co., Ltd., a large local manufacturer of golf heads and air compressors listed on the Taiwan Stock Exchange (TSE), witnessed its pretax profit of NT$2.531 billion for last year soar by 80.14%...

Cradle Technology led in 2001 EPS among Taisdaq-listed software firms.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Cradle Technology Corp., among four local providers of software and system integration services listed on the local Taisdaq (over-the-counter) bourse, reaped the highest earnings per share (EPS) of NT$7.64 last...

2 Taisdaq-listed cogenerators met 2001 profit goals.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Taiwan Cogeneration Corp. and Ta-Yuan Cogeneration Co., Ltd., two local operators of cogenerating power plants listed on the local Taisdaq bourse, had net (after-tax) earnings per share (EPS) of over NT$2 for...

Feng Tay Enterprises netted NT$2.61 per share in 2001.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Feng Tay Enterprises Co., Ltd., one of the top two local manufacturers of sporting shoes listed on the Taiwan Stock Exchange, recorded net (after-tax) earnings per share (EPS) of NT$2.61 last year Feng Tay...

Chunghwa Telecom posted lower-than-expected profit in 2001.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--The state-run Chunghwa Telecom Co. said yesterday its 2001 net profit totaled NT$37.26 billion, accounting for 93% of the company's projected earnings Net earnings per share stood at NT$3.86 in 2001,...

China Development Financial targets 2002 net profit at NT$15.38 BTaipei, Jan. 31, 2002 (CENS)--China Development Financial Holding Co. is expected to post a net profit of NT$15.38 billion this year, representing an increase of 16.8% from a year ago, th.
January 31, 2002... Meanwhile, its net earnings per share will hit NT$1.63 in 2002, down slightly from last year's NT$1.66 The firm's EPS will be lower this year following a capital expansion in 2001, company officials said. China Development Financial was...

Quanta's net profit hit NT$11.86 billion in 2001.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Quanta Computer reported yesterday its 2001 net profit rose 39% to NT$11.86 billion from the NT$8.55 billion scored a year before. Last year's net profit accounted for 119% of the company's projected annual...

Cathay Financial Holding forecasts NT$11.95 B. net profit in 2002.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Cathay Financial Holding yesterday forecast its net profit in 2002 will reach NT$11.954 billion, translating into an earnings-per-share of NT$2.10 Meanwhile, the board of Cathay Financial also approved...

Taiwan likely to post balance of payments surplus of US$17.25 B. in 2001.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Taiwan is expected to post a balance of payments surplus of US$17.25 billion in 2001, a significant increase from US$14.77 billion a year ago, according to preliminary statistics released by the Central Bank of...

Taiwan shares end slightly lower on Wall Street losses.
January 31, 2002... Taipei, Jan. 31, 2002 (CENS)--Taiwan shares ended slightly lower yesterday as late selected buying in electronics and plastics issues helped recover early losses, analysts said. The weighted price index of the Taiwan Stock Exchange fell 33.52...

Non-Memory Chip Designers Optimistic About 2002.
January 31, 2002... Prospects are mixed for Taiwan's chip makers in 2002, with those specializing in non-memory chips being optimistic and those that concentrate on memory products issuing cautious forecasts. Non-memory designers, including MediaTek Corp....

No quick lift on chipmakers' investments in m'land China.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Newly appointed economics minister, Christine T.Y. Tsung, said yesterday that she does not think the government would open investments in mainland China by chipmakers of eight-inch wafers in Taiwan. But she...

TSMC chairman blasts gov't intervention in biz operations.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Chairman Morris Chang of Taiwan Semiconductor Manufacturing Co. (TSMC) yesterday sharply criticized the government's improper intervention in the business policies and operations of enterprises Speaking at a...

Chipmakers to maintain full production during New Year holidays.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Several leading chipmakers in Taiwan have decided to postpone the annual overhaul of their production equipment till March or April in order to boost output of semiconductors during the first quarter Taiwan...

Females may face less job offerings due to maternity leaves.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Officials of the Council of Labor Affairs (CLA) will require all employers give their female employees maternity leave of at least six months after childbirth. The move could cut the job opportunities for females...

Tung Ho inaugurates advanced steel casting machine.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Tung Ho Steel Enterprise Corporation, Taiwan's first producer of H-beam steel, recently began trial production of billets using its second continuous casting machine at its Miaoli plant Tung Ho will use the...

Chang Chun Petrochemical budgets NT$200 M. for nanotech devptTaipei, Jan. 30, 2002 (CENS)--Chang Chun Petrochemical Co., Ltd. has earmarked NT$200 million (US$5.71 million at US$1:NT$35) to develop high value-added products made with nanotechnology fab.
January 30, 2002... Lin said nanotechnology can help upgrade Taiwan's petrochemical and materials industries. He also expressed hope that the government-backed Industrial Technology Research Institute (ITRI) will continue to develop nanotech and other high-tech...

ITRI lab licenses GPRS network technology to start-up.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--The Computer & Communication Research Laboratories (CCL) has recently licensed its General Packet Radio Service (GPRS) network technology to a wireless-technology start-up associated with Lucent Technologies...

Microsoft Taiwan debuts Chinese version of WinCE.NET.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Microsoft Taiwan, the local subsidiary of the U.S. software giant, demonstrated a Chinese version of Windows CE.NET (WinCE.NET), a new-generation operating system (OS) for portable devices, on Jan. 28 Six...

Lite-On wins big order for external 24X CD-RW drives.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Lite-On IT Corp., the largest optical storage device maker in Taiwan, recently said that it has won orders from a U.S. customer for 20,000 to 50,000 external 24X compact disc-rewritable (CD-RW) drives per month...

T. N. C. Industrial recorded whopping profit growth in 2001.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--T. N. C. Industrial Co. said yesterday that the firm posted pretax profit of NT$123 million in 2001, up 230% from the NT$37 million recorded in 2000. The firm expects its pretax profits to double to around NT$240...

Merry Electronics to post over 30% profit growth in 2002.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Merry Electronics Co., a major speaker maker in Taiwan, posted pretax profit of NT$234 million in 2001, translating into earnings per share (EPS) of NT$2.45. The firm expects its revenue and profit to grow 30%...

Taiwan to absorb 600,000 LCD monitors in 2002.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Taiwan's domestic market absorbed 330,000 LCD (liquid crystal display) monitors in 2001, representing about 30% of total local production. It is expected that the figure will rise sharply to hit 600,000 units...

Elitegroup System to see revenue rise over 140% in 2002: CSFB.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Elitegroup Computer System Corp. is expected to post an annual revenue growth of over 140% in 2002, the highest among major local makers of motherboards The other three major counterparts--Asustek Computer...

ZyXEL Communications to post 30% revenue growth in 2002.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--ZyXEL Communications Corp. said yesterday that the firm's pretax profit would have the opportunity to hit NT$550 million in 2001, with earnings per share (EPS) surpassing NT$2.35. Its revenue may grow 30% in 2002...

Average employee monthly pay up only 1.49% in Jan.-Nov. 2001.
January 30, 2002... Taipei, Jan.30, 2002 (CENS)--The average regular monthly pay received by employees in the industrial and service sectors in Taiwan during the first 11 months of last year posted an annual increase of only 1.49% to reach NT$34,375, for the...

Online ads in Taiwan down 4.6% to NT$830 M. in 2001.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Taiwan enterprises posted NT$830 million worth of online advertisements in 2001, down 4.6% from the 2000 level and marking the first negative growth of its kind in six years, according to statistics recently...

Taiwan Navigation enjoyed huge growth in 2001 pretax profit.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Taiwan Navigation Co., Ltd., a major local bulk cargo shipping company listed on the Taiwan Stock Exchange, raked in pretax profit of NT$347 million last year, a whopping rise of 184.4% from 2000 Taiwan...

2 Taisdaq-listed makers of golf heads recorded profit growth in 2001.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--O-Ta Precision Industry Co., Ltd. and Dynamic Precision Casting Mfg. Co., Ltd., two local manufacturers of golf heads, recorded earnings per share (EPS) of NT$6.4 and NT$2.12, respectively, last year O-Ta...

Cheng Uei Precision scored record high EPS of NT$4.88 in 2001.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Cheng Uei Precision Industry Co., Ltd., a local manufacturer of electronic wire & cable assemblies and components listed on the Taiwan Stock Exchange, reaped earnings per share (EPS) of NT$4.88 last year, the...

Taiwan's commerce sales revenue in Nov. 2001 down 5.08%.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Taiwan's commerce sector recorded total sales revenue of NT$685.7 billion in November last year, dropping by 5.08% from the same month of 2000 but inching up by 1.18% from the NT$677.7 billion posted in October...

Silicon Integrated posted net loss of NT$0.44 per share in 2001.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Silicon Integrated Systems Corp., a large local designer/producer of ICs (integrated circuits) and chipsets listed on the Taiwan Stock Exchange, suffered net (after-tax) loss per share of NT$0.44 last year,...

Taiwan's bad check ratio fell for second straight month in Dec. 2001.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Taiwan's bad check ratio in terms of the number of checks issued stood at 0.80% in December 2001, down slightly from 0.81% recorded a month earlier, the Central Bank of China said yesterday. In terms of the...

China Airlines posted better-than-expected profit in 2001.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--China Airlines, Taiwan's largest air carrier, said yesterday its pretax profit in 2001 fell 42% to NT$1.63 billion from NT$2.8 billion in 2000, due to the global economic slowdown and the Sept. 11 terrorist...

Taishin Financial Holding to post EPS of NT$1.6 in 2002.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Taishin Financial Holding Co. is expected to garner a net profit of NT$1.6 per share this year, Thomas Wu, chairman of the holding company, said yesterday. In terms of the pretax profit, the EPS is likely to hit...

Corporate bonds to be exempted from securities transaction tax.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Trading of corporate bonds and bank debentures will be exempted from securities transaction tax starting on Feb. 1 following the expected promulgation of the revised Statute for Industrial Upgrading today,...

Chi Mei Optoelectronics to issue preferred stocks.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Chi Mei Optoelectronics plans to raise NT$3.3 billion new capital through an issuance of preferred stocks, company official said yesterday. The preferred shares will be priced at NT$42 per share. Chi Mei's...

Taiwan shares close 2.7% lower on profit-taking.
January 30, 2002... Taipei, Jan. 30, 2002 (CENS)--Taiwan shares closed sharply lower yesterday as investors locked in profit following significant gains over the past few sessions, analysts said. Investors rushed to sell shares ahead of the Lunar New Year...

Shoppers Win From WTO Membership.
January 30, 2002... By JOE FRANK Over the next few years Taiwan will cut average tariff rates by 32.56%, and by the end of the decade tariffs on nearly 900 types of product will disappear altogether, in keeping with pledges made to garner entry into the World...

New reshuffle at state banks, MOF on the way.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--The government has tentatively decided on the reshuffle of top executives at some state-owned domestic financial institutions and senior officials at the Ministry of Finance (MOF) following the formation of a new...

President keeps cross-strait policies; others see not breakthrough.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--President Chen Shui-bian stressed yesterday that the government's policies toward mainland China will remain unchanged in spite of his ruling party's legislative election victory. Some foreign analysts do not...

CPC clinches oil refining deal with mainland China's company.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Taiwan's state-run Chinese Petroleum Corp. (CPC) has struck a deal to refine 600,000 barrels (100,000 metric tons) of crude oil for China National Petroleum Corp. (CNPC) of mainland China The deal was...

Bank of Taiwan to lure customers with low mortgage loan rates.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Bank of Taiwan (BOT) is ready to take a bigger share of the mortgage loan market by offering lower interest rates to attract more customers who want transfer their loans from other banks to the BOT for reduced...

Gov't to provide low-cost area for biotech firms Nankang park.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--The government plans to establish the first specialized biotechnology research park at the Nankang Software Park in eastern Taipei City with a fund of at least NT$4 billion In addition to a huge district for...

CSC pushes for new steel plant.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--A decision by the China Steel Corp. (CSC) to quickly evaluation a plan to build an integrated steel mill in Pinnan, Tainan County has drawn criticism from domestic and foreign steel makers Nippon Steel Corp....

VIA wins IA platform orders from Europe and the U.STaipei, Jan. 29, 2002 (CENS)--VIA Technologies, Inc. recently announced it has obtained big-ticket orders for its Eden embedded system platform for information appliances (IAs) from European and U.S. t.
January 29, 2002... VIA chairman Cher Wang said her company was optimistic that the Eden platform would push sales higher this year, noting that demand for IAs is expected to outpace computer sales in the coming few years. VIA debuted Eden in December last year....

Cell phone makers expect business surge this year.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Taiwanese mobile-phone makers are predicting that shipments this year will soar to 54 million units combined, or four times last year's volume. The higher expectations are based partly on recently formed...

Chip assemblers cancel merger plan.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Taiwanese IC assemblers Walton Advanced Electronics Ltd., Walsin Advanced Electronics Ltd. and Powertech Technology Inc. have decided to cancel their three-way merger plan. The three companies specialize in the...

B&Q seeks expansion through alliances in Taiwan.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Do-it-yourself (DIY) retailer B&Q Taiwan, an affiliate of the British B&Q Warehouse, will reinforce its operations on the island through special distribution ties with local partners, according to company...

Chip packagers develop wafer-level technology.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--At least two integrated circuit (IC) chip packagers in Taiwan, including Chipbond Technology Corp. and Advanced Chip Engineering Technology Inc. (ACE), are developing wafer-level chip packaging (WLP) technology...

Top five back light module makers to continue expansions in 2002.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Taiwan's top five makers of back light modules are expected to continue their expansion projects in 2002, with their combined share of the local market to hit over 70%, industry sources said yesterday In...

First International Computer lands tablet PC orders from Microsoft.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--First International Computer Ltd. confirmed yesterday that the firm has already obtained tablet PC orders from Microsoft, paving the way for its cooperation ties with the international software giant ...

Microelectronics Technology recorded pretax EPS NT$2.4 in 2001.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Microelectronics Technology Inc., a major satellite communication product maker in Taiwan, estimated its pretax profit for 2001 to surpass NT$778 million, translating into earnings per share (EPS) of NT$2.4,...

Quanta Display to conduct mass production in 2002.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Quanta Display Inc. expects to deliver between 1.5 million and 1.8 million TFT-LCD (thin film transistor-liquid crystal display) panels in 2002. Its revenue target is set at NT$15 billion this year ...

Lite-On, Delta Electronic to post 30% revenue growth in 2002.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Both Lite-On Electronic Inc. and Delta Electronic Inc., two leading switching power supply makers in Taiwan, are each expected to post a 30% revenue growth in 2002, compared with 2001, industry sources said...

NT$ closes higher on stock market gains, yen rebound.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--The New Taiwan dollar yesterday ended higher against the U.S. dollar due to gains on the local bourse and a rebound in the Japanese yen, market dealers said The N.T. dollar rose NT$0.042 against the greenback...

Makers in Taiwan saw record low profit rate of 3.5% in Dec. 2001.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--The average sales profit rate recorded by Taiwan's manufacturing sector dropped to a new low of 3.5% in December 2001, down 0.3 of a percentage point from one month earlier, according to government statistics...

Taiwan's OBU assets up 7.54% to US$50.9 B. as of Dec. 2001.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Total assets of offshore banking units (OBUs) in Taiwan posted an annual increase of 7.54% or US$3.569 billion to reach US$50.906 as of the end of December 2001, according to statistics released yesterday by the...

Giant, Merida suffered drops in 2001 bike sales volume.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Giant Manufacturing Co., Ltd. and Merida Industry Co., Ltd., the top two local bicycle manufacturers listed on the Taiwan Stock Exchange, saw their sales volumes of bicycles slip by 3.65% and 27.83%,...

Nan Ya Printed Circuit eyes revenue of NT$16.8 billion for 2002.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Nan Ya Printed Circuit Board Corp., a large local PCB (printed circuit board) manufacturer, projects revenue of NT$16.8 billion for this year, jumping by 62.05% from last year Nan Ya's monthly revenue hit a...

Elite Semiconductor netted NT$12.14 per share in 2001.
January 29, 2002... Taipei, Jan. 29, 2002 (CENS)--Elite Semiconductor Memory Technology Inc., a major local memory IC (integrated circuit) designer, reaped net (after-tax) earnings per share (EPS) of NT$12.14 last year. Elite Semiconductor specializes in...

Local makers of cold-rolled steel to raise domestic prices for FebTaipei, Jan. 29, 2002 (CENS)--Local manufacturers of cold-rolled steel plan to hike their domestic sales prices of the steel product by NT$300-NT$400 per metric ton to NT$9,700-NT$9,900.
January 29, 2002... The domestic sales prices of cold-rolled steel currently quoted by other local producers are about NT$1,000 per metric ton lower than CSC's domestic sales price, the company indicated. Therefore, those manufacturers' price hike will reduce...