Taiwan Economic News articles from June 2006

Taiwan Economic News archives from June 2006

Universal Microelectronics Rolls Out Vessel Radars for Koden of Japan.
June 30, 2006... (From Taiwan Economic News) Taipei, June 30, 2006 (CENS)--Universal Microelectronics Co., Ltd., a major manufacturer of broadband-communication devices in Taiwan, recently has become the sole contract manufacturer of Japan-based Koden...

Lenovo to Open First Overseas Flagship Shop in Taipei 101 Tower.
June 30, 2006... (From Taiwan Economic News) Taipei, June 30, 2006 (CENS)--Mainland Chinese computer supplier Lenovo Group Ltd. unveiled its first overseas flagship store in the Taipei 101 skyscraper yesterday to reflect its interest in Taiwan's market...

Mobiletron's Lithium-ion Powered Tools Strong Performers.
June 30, 2006... (From Taiwan Economic News) Taipei, June 30, 2006 (CENS)--Mobiletron Electronics Co., Ltd., a maker of electric power tools and aftermarket (AM) automotive ignition parts listed on the Taiwan Stock Exchange (TSE), recently claimed that...

Taiwan Automakers Get Lucrative Investment Rewards From Affiliates in China.
June 30, 2006... (From Taiwan Economic News) Taipei, June 30, 2006 (CENS)--Both of the subsidiaries of Taiwan's Yulon Group, the largest automobile manufacturing conglomerate on the island, are expected to get lucrative investment rewards from their...

Taiwan's Three Money Supply Indicators Saw Annual Rises in May.
June 30, 2006... (From Taiwan Economic News) Taipei, June 30, 2006 (CENS)--Thanks to the strong demand for capital for private investments, the annual growth of Taiwan's three money supply indicators-M1A, M1B, and M2-all witnessed an upward trend in May...

Taiwan's Economic Indicator Flashed 10th Consecutive 'Green Light' in May.
June 30, 2006... (From Taiwan Economic News) Taipei, June 30, 2006 (CENS)--The monitoring indicator for Taiwan's economic performance flashed its 10th consecutive monthly 'green' light in May, with the composite index score edging up one point to 24,...

Taiwan TFT-LCD Panel Makers Follow AUO to Cut Production.
June 30, 2006... (From Taiwan Economic News) Taipei, June 30, 2006 (CENS)--After AU Optronics Corp. (AUO), the No. 1 thin film transistor-liquid crystal display (TFT-LCD) panel supplier in Taiwan, urged local counterparts to decrease their production in...

Chunghwa Telecom to Release 7.4% of Shareholdings.
June 29, 2006... (From Taiwan Economic News) Taipei, June 29, 2006 (CENS)--Following its successful share release last year, Chunghwa Telecom (CHT) plans to release another 7.4% of its shareholdings this year, via issuance of ADR (American Depositary...

Ideal Bike Steps Into Magnesium-alloy Bike-frame Field.
June 29, 2006... (From Taiwan Economic News) Taipei, June 29, 2006 (CENS)--Ideal Bike Corp., Taiwan's No. 3 complete-bicycle maker, recently acquired a 10% stake in Go-Cycle of the U.K. and won the British company's authorization to manufacture, sell,...

Manufacturers Optimistic About Taiwan's Economy in Second Half.
June 29, 2006... (From Taiwan Economic News) Taipei, June 29, 2006 (CENS)--The Taiwan Institute of Economic Research (TIER) recently announced that Taiwan's business climate dropped by 2.2 points from a month earlier to 101.53 points in May of this...

Taiwan's Service Industry Must Grow Over 5% to Reach 2015 Economic Goal.
June 29, 2006... (From Taiwan Economic News) Taipei, June 29, 2006 (CENS)--The Cabinet-level Council for Economic Planning and Development (CEPD) recently assigned Taiwan's five leading think tanks to map out a blueprint for Taiwan's economic development...

FSC Penalizes Chinatrust for Dubious Takeover Practices.
June 28, 2006... (From Taiwan Economic News) Taipei, June 28, 2006 (CENS)--Owing to the dubious practice of Chinatrust Financial Holding during the strife for the management of Mega Holdings, the Cabinet-level Financial Supervisory Commission (FSC)...

FPG Plans to Set Up Power Plant in Indonesia.
June 28, 2006... (From Taiwan Economic News) Taipei, June 28, 2006 (CENS)--In response to the solicitation of high-ranking officials of the Indonesian government, Y.C. Wang, the founder of the Formosa Plastics Group (FPG), has instructed a group...

MOEA Delivers Favorable Ruling to Gigastorage in Patent Dispute With Philips.
June 28, 2006... (From Taiwan Economic News) Taipei, June 28, 2006 (CENS)--After a year of review, the Ministry of Economic Affairs (MOEA) maintained a ruling in favor of Taiwanese optical-disc supplier Gigastorage Corp. in a dispute in which Philips...

Taiwan Mobile, RIM to Provide BlackBerry Services in Taiwan Soon.
June 28, 2006... (From Taiwan Economic News) Taipei, June 28, 2006 (CENS)--Taiwan Mobile Co., Ltd. and Research In Motion (RIM) Ltd. of Canada will co-introduce BlackBerry wireless services in Taiwan in July, Taiwan Mobile recently announced. Taiwanese...

Tanox to Set Up Protein Drug Plant in Taiwan.
June 28, 2006... (From Taiwan Economic News) Taipei, June 28, 2006 (CENS)--Tanox Inc. of the U.S., a Houston, Texas-based company focusing on the discovery and development of innovative bio-therapeutics, plans to set up a large protein-drug plant in...

CMO to Delay 7.5G TFT-LCD Second-stage Capacity Expansion Project.
June 28, 2006... (From Taiwan Economic News) Taipei, June 28, 2006 (CENS)--The Chi Mei Optoelectronics Corp. (CMO), the No. 2 thin film transistor-liquid crystal display (TFT-LCD) panel maker in Taiwan, reportedly has told its equipment suppliers that...

Stagnant Growth Seen in Taiwan's Urban Dwellers Amid Shrinking Job Opportunities.
June 28, 2006... (From Taiwan Economic News) Taipei, June 28, 2006 (CENS)--The ratio of people living in urban areas against total population stood at 69.4% in 2005, lower than the average ratio of 75% seen in advanced countries, according to the...

Chinatrust Willing to Divest Stake in Mega If Required by Gov't.
June 27, 2006... (From Taiwan Economic News) Taipei, June 27, 2006 (CENS)--Under the heavy pressure of public opinions, Chinatrust Financial Holding Firm announced yesterday (June 26) that before the government determines its policy on the second...

MRT Line for CKS Airport Breaks Ground.
June 27, 2006... (From Taiwan Economic News) Taipei, June 27, 2006 (CENS)--After eight years of postponement, the mass rapid transit system for the CKS International Airport finally broke ground yesterday (June 26), which will enable travelers to reach...

CSC to Tap Mainland China Automobile Plants.
June 27, 2006... (From Taiwan Economic News) Taipei, June 27, 2006 (CENS)--With a second production line making hot-dip galvanized steel plates soon to be inaugurated, China Steel Corporation (CSC) is making all-out efforts to build a market for the...

TSMC Claims to Rank Among World's Top 3 Suppliers of Leading-Edge Processes Soon.
June 27, 2006... (From Taiwan Economic News) Taipei, June 27, 2006 (CENS)--Silicon-foundry giant Taiwan Semiconductor Manufacturing Co. (TSMC) will soon become one of the world's top three suppliers of leading-edge processes, according to the company's...

MediaTek Posts Harvests From Digital TV and Handset Business.
June 27, 2006... (From Taiwan Economic News) Taipei, June 27, 2006 (CENS)--Chip design house MediTek Inc. reportedly has recently landed orders from first-tier digital-TV suppliers in South Korea and Japan and will introduce high-end chips for mobile...

Major Taiwan Rubber-tire Makers to Hit Record Annual Revenue in 2006.
June 27, 2006... (From Taiwan Economic News) Taipei, June 27, 2006 (CENS)--All major tire makers in Taiwan have hiked their product prices by 7% to 10% this year due to the high prices for rubber raw materials. Their moves are expected to enable them to...

Taiwan to Set Up Biotech Incubation Centers in Europe, the U.S. by 2010.
June 27, 2006... (From Taiwan Economic News) Taipei, June 27, 2006 (CENS)--Taiwan government plans to set up two to three biotech incubation centers in Europe or the United States by 2010, which are expected to help introduce foreign advanced...

Hsinchu Science Park to Take Over HBSP Development Plan in Late August.
June 27, 2006... (From Taiwan Economic News) Taipei, June 27, 2006 (CENS)--The long controversial Hsinchu Biomedical Science Park (HBSP) project is reportedly to be taken over by the Hsinchu Science Park (HSP) Administration at the end of August, with...

Release of Public Shareholdings May Be Suspended Following Mega Incident.
June 26, 2006... (From Taiwan Economic News) Taipei, June 26, 2006 (CENS)--In the wake of the settlement of the strife for the management of Mega Holdings, the government may suspend the plan to sell off its shareholding in state-run financial...

Tatung to Begin Mass Production in Vietnam in August.
June 26, 2006... (From Taiwan Economic News) Taipei, June 26, 2006 (CENS)--Tatung Co., Taiwan's leading manufacturer of electric home appliances, will kick off mass production at its plant in Vietnam beginning from August this year, with an annual output...

AUO Mulls Consolidating Fabless Affiliates to Boost Competitiveness.
June 26, 2006... (From Taiwan Economic News) Taipei, June 26, 2006 (CENS)--Liquid-crystal display (LCD) maker AU Optronics Corp. (AUO) is planning to combine its three design houses in order to boost their scales as bargaining stakes in dealing with...

Taiwan's Domestic Investments Warming Up.
June 26, 2006... (From Taiwan Economic News) Taipei, June 26, 2006 (CENS)--Investments by the private sector in Taiwan will likely reach the annual goal of NT$900 billion (US$28 billion at US$1:NT$32) by the end of this year from the NT$519.1 billion...

Mosel Vitelic Develops Solar Cell, RFID Biz.
June 26, 2006... (From Taiwan Economic News) Taipei, June 26, 2006 (CENS)--As part of its five-year transformation project, Mosel Vitelic Inc. of Taiwan, a dynamic random access memory (DRAM) maker, is aggressively deploying in the solar cell and radio...

Taiwan's Investments in China Shot Up 46.4% to US$2.87 B. in First 5 Months.
June 26, 2006... (From Taiwan Economic News) Taipei, June 26, 2006 (CENS)--Taiwan's investments in mainland China reached US$2.87 billion in the first five months of this year, a sharp rise of 46.4% from the corresponding figure of last year, according...

Taiwan's Jobless Rate Edged up to 3.84% in May.
June 26, 2006... (From Taiwan Economic News) Taipei, June 26, 2006 (CENS)--Taiwan's jobless rate edged up 0.06 of a percentage point to 3.84% in May, the lowest level for the month in six years. After seasonal adjustments, the figure was 3.92%, which was...

Government May Retain Control of Mega Taipei, June 23, 2006 (CENS)--Thanks to the last-ditch efforts of officials in charge, the Taiwan government appears to have secured sufficient support from foreign shareholders, thereby enabling it to garner eight se.
June 23, 2006... (From Taiwan Economic News) FSC May Intensify Inspection of Investments by Financial Holding Firms Taipei, June 23, 2006 (CENS)--In response to social concern, the Financial Supervisory Commission (FSC) will consider to revoke or modify...

Hon Hai Acquires Premier Image for NT$28.2 billion.
June 23, 2006... (From Taiwan Economic News) Taipei, June 23, 2006 (CENS)--Hon Hai Precision Industry Co. Ltd., Taiwan's largest privately owned enterprise, recently announced it will acquire the world's largest contract manufacturer of digital still...

Rating on Industrial Bank of Taiwan Upgraded to 'twA'.
June 23, 2006... (From Taiwan Economic News) Taipei, June 23, 2006 (CENS)--Taiwan Ratings Corp. (TRC) recently upgraded its long-term credit rating on the Industrial Bank of Taiwan (IBT) to 'twA' from 'twA-', and also affirmed the bank's short-term...

Overseas Investment Funding May Be Preliminary UMC Move to Buy Tatung.
June 23, 2006... (From Taiwan Economic News) Taipei, June 23, 2006 (CENS)--Silicon-foundry giant United Microelectronics Corp. (UMC) recently announced its US$67.5 million investment in a fund registered in the Cayman Islands, raising market speculation...

Hon Hai Precision Launches New Round of Global Deployment.
June 23, 2006... (From Taiwan Economic News) Taipei, June 23, 2006 (CENS)--Shortly after acquiring Taiwanese digital-camera player Premier Image Technology Corp., Hon Hai Precision Industry Co. kicked off another round of global expansion in the form of...

AIA Bermuda to Get One Board Seat in Leading Auto-lamp Maker Depo.
June 23, 2006... (From Taiwan Economic News) Taipei, June 23, 2006 (CENS)--Depo Auto Parts Ind. Co. Ltd., a leading auto-lamp maker in Taiwan, recently decided to provide a board seat to American International Assurance Co. (Bermuda) Ltd. (AIA Bermuda)...

Toppoly to Become World's No. 2 Small-panel Supplier in 2nd Half.
June 23, 2006... (From Taiwan Economic News) Taipei, June 23, 2006 (CENS)--Taiwan's Toppoly Optoelectronics Corp., which will soon be renamed as TPO Display Corp., recently claimed that after it completes the acquisition of Mobile Display Systems...

Global Cell-phone Panel Market (Q1, 2006) Company Share Samsung SDI 18.8% Sanyo Epson 12.2% Sharp 10.3% Philips 9.2% Wintek 8.4% Samsung 6.3% S II 5.3% Giantplus 4.9% TMD 4.9% Toppoly 3.2% Others 16.5% Total 100% Source: DisplaySearch.
June 23, 2006... (From Taiwan Economic News) Sunrex the World's Largest Supplier of NB PC Keyboards in 2005 Taipei, June 23, 2006 (CENS)--Boasting a sales volume of 18 million units in 2005, Sunrex Technology Corp. (Sunrex) has become regarded as the...

FTC to Revise Fair Trade Law; Ceiling Fine to Hit NT$100M for Monopolies.
June 23, 2006... (From Taiwan Economic News) Taipei, June 23, 2006 (CENS)--To meet the rapid development of Taiwan's knowledge-based economy and the trend toward globalization, the Fair Trade Commission (FTC) under the Executive Yuan (the Cabinet) is...

President Chen Misleads People in Gov't Economic Performances.
June 22, 2006... (From Taiwan Economic News) Taipei, June 22, 2006 (CENS)--Christina Y. Liu, legislator of the People First Party and a noted economic scholar, said yesterday (June 21) that in his televised speech on June 20, President Chen Shui-bian...

Quanta Storage Secures Orders for DVD-RWs.
June 22, 2006... (From Taiwan Economic News) Taipei, June 22, 2006 (CENS)--Quanta Storage Inc. (QSI), one of Taiwan's leading manufacturers of slim optical storage products, said it recently obtained large orders for rewritable digital versatile disk...

EVA, CAL Face Head-to-head Competition Across Taiwan Strait.
June 22, 2006... (From Taiwan Economic News) Taipei, June 22, 2006 (CENS)--EVA Airways Corporation and China Airlines Ltd. (CAL), Taiwan's two leading air carriers, are extending their competition in the domestic market to mainland China EVA has...

Chunghwa Telecom Mulls Investing in New Satellite.
June 22, 2006... (From Taiwan Economic News) Taipei, June 22, 2006 (CENS)--Telecom carrier Chunghwa Telecom Co., Ltd. is planning to invest in another satellite in cooperation with SingTel of Singapore following the one, dubbed ST-1, it co-invested with...

ASE Forecasts Revenue to Rise 15% in Q3.
June 22, 2006... (From Taiwan Economic News) Taipei, June 22, 2006 (CENS)--In spite of a weak market demand for personal computers, Advanced Semiconductor Engineering (ASE) Inc. forecast its business to increase 10-15% in the third quarter from the...

FBT to Acquire Chinfon's Motorcycle-seat Manufacturing Subsidiary in Vietnam.
June 22, 2006... (From Taiwan Economic News) Taipei, June 22, 2006 (CENS)--Taiwan's Fine Blanking & Tool Co., Ltd. (FBT) is scheduled to acquire the Vietnam-based motorcycle-seat manufacturing subsidiary of Taiwan's Chinfon Group With the...

Taiwan's Two Major Cash-card Issuers Saw High Delinquency Rates in May.
June 22, 2006... (From Taiwan Economic News) Taipei, June 22, 2006 (CENS)--Seriously impacted by the recent storm of bad cash-card debts, many card issuers in Taiwan have decided to withdraw from the market. However, some are still suffering from the...

Taiwan's Short-term Foreign Debt Ratio Hit Record High of 4.9% in 2005.
June 22, 2006... (From Taiwan Economic News) Taipei, June 22, 2006 (CENS)--Taiwan's worsening financial situation has resulted in growing foreign debts in recent years, although the island used to be known for its low foreign debt rate as compared with...

A Conversation With Victor Dominguez Richards, Strategy and Standardizing Director at DS2.
June 22, 2006... (From Taiwan Economic News) By KEN LIU Victor Dominguez Richards, a co-founder and current strategy and standardization director of the Spain-headquartered chip-design startup Design of Systems on Silicon (DS2) SA, always looks confident...

Cross-Strait Economic Issues Highlight the WTO Meeting.
June 21, 2006... (From Taiwan Economic News) Taipei, June 21, 2006 (CENS)--Cross-Taiwan Strait economic issues were the highlights of discussion during the first session of the WTO (World Trade Organization) meeting for reviewing Taiwan's trade policy...

WTO Secretariat Urges Taiwan to Relax Cross-Strait Restrictions.
June 20, 2006... (From Taiwan Economic News) Taipei, June 20, 2006 (CENS)--The growing merchandise trade across the Taiwan Strait has underscored the necessity to relax the restrictions on exchanges between the two sides, which will not only benefit...

MOEA Moving to Digest Idle Land Areas in Industrial Parks.
June 20, 2006... (From Taiwan Economic News) Taipei, June 20, 2006 (CENS)--To speed up the development of idle land areas in industrial parks in Taiwan, the Ministry of Economic Affairs (MOEA) is mapping out an effective measure to raise the added value...

Formosa Chemical & Fiber to Invest NT$5.2 Billion in New PTA Plant.
June 20, 2006... (From Taiwan Economic News) Taipei, June 20, 2006 (CENS)--At the general shareholders' meeting recently held in Taipei, Formosa Chemical & Fiber Corporation (FCFC), one of the major subsidiaries of the Formosa Plastics Group, resolved to...

Taiwan Tobacco & Liquor Co. to Tap Mainland Chinese Market.
June 20, 2006... (From Taiwan Economic News) Taipei, June 20, 2006 (CENS)--The government-run Taiwan Tobacco & Liquor Corp. will make its first foray into the huge mainland Chinese market, which absorbs nearly one quarter of world's tobacco and liquor...

Three Taiwanese Chipmakers Enter US$1 Billion Capex Club.
June 20, 2006... (From Taiwan Economic News) Taipei, June 20, 2006 (CENS)--Taiwan Semiconductor Manufacturing Co. (TSMC), PowerChip Semiconductor Corp. and United Microelectronics Corp. (UMC) have been recently placed by market-research organization...

AUO Re-sets Q2 Shipment Goal.
June 20, 2006... (From Taiwan Economic News) Taipei, June 20, 2006 (CENS)--AU Optronics Corp. (AUO), Taiwan's No. 1 thin film transistor-liquid crystal display (TFT-LCD) panel maker, has recently adjusted down its second-quarter shipment-growth goal to...

AUO, CMO's Q2 Forecast.
June 20, 2006... (From Taiwan Economic News) CMO* AUO* AUO Modified OA-Panel Shipment Growth Under-10% 10% 6%-8% TV-Panel Shipment Growth Flat 10%-20% 6%-8% OA-Panel ASP Drop Over-10% 10% 15%-18% TV-Panel ASP Drop 5% 5%%-10% 10% *: According to data...

China Shipbuilding Inks Pact With German Firm to Build Freighters.
June 20, 2006... (From Taiwan Economic News) Taipei, June 20, 2006 (CENS)--Taiwan's state-run China Shipbuilding Corp. recently signed a contract with Peter Dohle, a Germany's marine vehicle leasing company, to build nine freighters for the latter ...

Taiwan Moves to Boost Complete-car Development.
June 20, 2006... (From Taiwan Economic News) By QUINCY LIANG The Ministry of Economic Affairs (MOEA) recently mapped out a technology development project that calls for the integration of Taiwan's resources in the development of 100% home-grown...

New Leadership of Formosa Plastics Has Yet to Grasp Full Power.
June 19, 2006... (From Taiwan Economic News) Taipei, June 19, 2006 (CENS)--Despite the formation of the administrative center to take over the helm of Formosa Plastics Group, Taiwan's foremost manufacturing conglomerate, decision powers for major...

Taiwan's Home-appliance Firms Extend Battlefields to Southeast Asia.
June 19, 2006... (From Taiwan Economic News) Taipei, June 19, 2006 (CENS)-Taiwan's top-three manufacturers of home appliances, including Kolin Corp., Sampo Corp. and Teco Electric and Machinery Co., are extending their battlegrounds for own-brand LCD...

Taiwan Development Promises to Develop Taichung Industrial Park As Planned.
June 19, 2006... (From Taiwan Economic News) Taipei, June 19, 2006 (CENS)--Hong Bao-chuan, newly elected chairman of Taiwan Development Corporation, noted his company would abide by the contract with the Taichung City Government to develop the Taichung...

Taiwanese Exhibitors at NPE 2006 Hit Record High.
June 19, 2006... (From Taiwan Economic News) Taipei, June 19, 2006 (CENS)--A total number of 38 Taiwanese plastic-equipment suppliers demonstrated their latest products at the National Plastics Exhibition 2006 (NPE 2006) held in Chicago beginning today,...

Taiwanese Solar Energy Suppliers Poised to Tap Developing Markets.
June 19, 2006... (From Taiwan Economic News) Taipei, June 19, 2006 (CENS)--The Taiwan government is planning to help the island's suppliers of solar-energy products tap the markets in the Middle East and Africa to effectively expand their shares of the...

Hon Hai Develops Foxconn-branded Graphic-card Biz.
June 19, 2006... (From Taiwan Economic News) Taipei, June 19, 2006 (CENS)--Hon Hai Precision Ind. Co. Ltd., the world's largest maker of barebone PCs, connectors, and game consoles as well as Taiwan's largest private manufacturer, recently claimed that...

Nissan to Help Yulon Expand Auto-design Capacity.
June 19, 2006... (From Taiwan Economic News) Taipei, June 19, 2006 (CENS)--Nissan Motor Co. of Japan recently announced it would continue to invest in expanding the research and development center of its Taiwanese partner Yulon Motor Co., the Yulon...

Taiwan's Taxpayers Likely to Face Higher Tax Payment.
June 19, 2006... (From Taiwan Economic News) Taipei, June 19, 2006 (CENS)--Taxpayers in Taiwan are very likely to face growing tax payment soon, although most of them are having increased difficulty making a living The Cabinet-level Directorate...

Taiwan Faces 3rd Highest Number of Dumping Charges Among WTO Members.
June 19, 2006... (From Taiwan Economic News) Taipei, June 19, 2006 (CENS)--The World Trade Organization (WTO) will conduct its first review of Taiwan's trade policies this week, particularly on the island's trade with mainland China and dumping charges...

Listed Firms Will Have to Record Dividend Payouts for Employees at Market Prices.
June 16, 2006... (From Taiwan Economic News) Taipei, June 16, 2006 (CENS)--Dividends allocated to employees of listed companies will be listed as expenses according to their fair prices, while for private companies they will be calculated on the basis of...

BNP Paribas to Acquire 8% Stake in Taiwan Cooperative Bank.
June 16, 2006... (From Taiwan Economic News) Taipei, June 16, 2006 (CENS)--Taiwan Cooperative Bank recently announced that it will sell an 8% stake to France-based BNP Paribas at a price of no more than NT$20 (US$0.625 at US$1:NT$32) per share by the end...

TRC Assigns 'twAA-' Rating to Shin Kong FHC.
June 16, 2006... (From Taiwan Economic News) Taipei, June 16, 2006 (CENS)--Taiwan Ratings Corp. (TRC) recently assigned its "twAA-" long-term and "twA-1" short-term credit ratings to Shin Kong Financial Holding Co., Ltd. (Shin Kong FHC) TRC also...

Taiwan's Venture Capital Investments Score 10 Year Low.
June 16, 2006... (From Taiwan Economic News) Taipei, June 16, 2006 (CENS)--Total capital placed by Taiwan's venture capital funds in investment portfolios hit a 10 year low last year, but average earnings per share from their investments, as well as the...

Hong Kong Electrical Appliance Retailer Retreats From Taiwan.
June 16, 2006... (From Taiwan Economic News) Taipei, June 16, 2006 (CENS)--The Hong Kong-headquartered electrical-appliance retailer Fortress will quit operations in Taiwan on June 19 as a result of poor sales The company opened its first store in...

BenQ Group Eyes NT$20 B. Revenue This Year: Chairman Lee.
June 16, 2006... (From Taiwan Economic News) Taipei, June 16, 2006 (CENS)--BenQ Corp. of Taiwan's consolidated revenue is expected to top about US$7 billion this year, up sharply from the US$5.04 billion of 2005, according to company chairman K.Y. Lee...

CMO's LCM Facility in Ningbo to Begin Production Soon.
June 16, 2006... (From Taiwan Economic News) Taipei, June 16, 2006 (CENS)--An LCD module (LCM) and backlight module plant invested in by Taiwan's Chi Mei Optoelectronics Corp. (CMO) in Ningbo in the Jiangsu Province of mainland China is expected to begin...

Taiwan's Footwear Makers Plans to Protest China-made Shoes Here.
June 16, 2006... (From Taiwan Economic News) Taipei, June 16, 2006 (CENS)--Following in the steps of towel makers, Taiwan's footwear manufacturers are planning to turn in their petition to the government at the end of July for conducting an investigation...

Taiwanese Officials Enter China for Towel Dumping Investigation; First Time After Entering WTO.
June 16, 2006... (From Taiwan Economic News) Taipei, June 16, 2006 (CENS)--The Ministry of Finance (MOF) in Taiwan has recently dispatched its representatives to mainland China to conduct a fact-finding trip on towel manufacturers there who are charged...

Cross-Strait Chartered Flights to Take Off.
June 15, 2006... (From Taiwan Economic News) Taipei, June 15, 2006 (CENS)--In a major step toward the opening of regular cross-Taiwan Strait flights, Taiwan's Mainland Affairs Council, along with mainland China's Taiwan Affairs Office of the State...

Exports of Taiwan-made LCD Devices to Mainland China Shoot Up.
June 15, 2006... (From Taiwan Economic News) Taipei, June 15, 2006 (CENS)--Thanks to the ever-growing trade links in the electronics industry across the Taiwan Strait, the export ratio of Taiwan-made electronics and related components, especially LCD...

TRC Gives 'twAA' Rating for Shin Kong Life Insurance.
June 15, 2006... (From Taiwan Economic News) Taipei, June 15, 2006 (CENS)--Taiwan Ratings Corp. (TRC) recently assigned its "twAA" long-term insurer financial strength credit ratings to Shin Kong Life Insurance Co., Ltd. and said that the outlook for the...

Top Three Taiwanese Telecom Post Good Earnings for Jan.-May.
June 15, 2006... (From Taiwan Economic News) Taipei, June 14, 2006 (CENS)--Taiwan's top three telecom carriers-Chunghwa Telecom Co., Ltd., Far EasTone Telecom Co., Ltd., and Taiwan Cellular Corp.-earned at least NT$1.19 per share throughout the first...

Most Taiwanese NB Suppliers Expect A Strong Second Half.
June 15, 2006... (From Taiwan Economic News) Taipei, June 15, 2005 (CENS)--Chairman C.T. Shih of Asustek Computer Inc. recently said his company would likely see explosive revenue growth in the second half this year, although business in the first half...