Taiwan Economic News articles from March 2002, page 7

Taiwan Economic News archives from March 2002

Economics chief guarantees water supply for Hsinchu science park.
March 1, 2002... Taipei, March 1, 2002 (CENS)--The growing threat of water shortage to high-tech companies at Hsinchu Science-based Industrial Park (HSIP) is giving the park a bad image abroad and the Ministry of Economic Affairs is speeding up a project to...

Commercial revenues fell 6.62% in 2001 in Taiwan.
March 1, 2002... Taipei, March 1, 2002 (CENS)--The revenues of Taiwan's commercial sector in last December dipped 2.26% from the same month of 2000, while retailing businesses reported a moderate growth of 1.8%. Total revenues fell 6.62% in 2001 The...

World Wiser Electronics to see revenue growth of 15% in 2002.
March 1, 2002... Taipei, March 1, 2002 (CENS)--World Wiser Electronics Co. claimed yesterday its after-tax profit totaled NT$1.22 billion in 2001, translating into earnings per share (EPS) of NT$1.76. Its revenue will grow to NT$13.1 billion in 2002, up 15%...

Primax Electronics obtains NT$1.8 billion in syndicated loan.
March 1, 2002... Taipei, March 1, 2002 (CENS)--In order to finance its development of optoelectronics business, Primax Electronics Ltd. has already obtained a syndicated loan of NT$1.8 billion from local banks, executives of the firm said yesterday. The loan...

Asustek Computer posted revenue of NT$7 billion in February.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Asustek Computer Inc. said yesterday that its combined revenue from both domestic and overseas operations totaled about NT$7 billion in February, up 18% from January. The firm expects its OEM (original equipment...

Nan Ya PCB to be listed on local stock exchange by end of year.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Nan Ya Printed Circuit Board (PCB) Corp., in which Nan Ya Plastics Corp. holds a 96% stake, is scheduled to be listed on the Taiwan Stock Exchange by the end of the year, executives of the firm said yesterday ...

Topply Opto-electronics to make profits in 2002.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Topply Opto-electronics Inc. will today start trial production of low temperature poly-Si (LTPS) TFT-LCD (thin film transistor-liquid crystal display) panels beginning. The firm expects to rank as the world's...

Taiwan may become hub for biotech industry.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Taiwan can be developed into an investment conduit and manufacturing hub for the biotechnology industry, Lee Chung-hsi, vice president of Taiwan's government-funded Industrial Technology Research Institute...

Taiwan's two-way trade with U.S. declined in 2001.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Taiwan's exports to the U.S. in 2001 posted an annual decline of US$7.14 billion to reach US$33.39 billion, and its imports from America also dropped US$6.25 billion to reach US$18.15 billion This is part of...

Operators of Asian shipment lines hike THC.
March 1, 2002... Taipei, March 1, 2002 (CENS)--The local and foreign shipping companies operating Asian shipment routes in Taiwan will raise their THC (terminal handling charge) rates by 14.7%-16.2% to the same level as for oceangoing lines from March 1 ...

Domestic prices of POY up or March.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Local manufacturers of POY (polyester partially oriented yarn) have decided to adjust up their domestic sales prices of the product by NT$2-NT$3 per kilogram for this month POY is processed from polyester...

Taiwan's international Internet bandwidth up 41% in Q4 of 2001.
March 1, 2002... Taipei, March 1, 2002 (CENS)--The total bandwidth of the Internet connections between Taiwan and 15 other countries amounted to 7,228.42 Mbps (megabits per second) as of the end of last year, jumping by 41% from the end of the third quarter...

Taiwan's Jan. imports of scrap paper up in volume, down in value.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Taiwan's import volume of scrap paper, an important material for making industrial paper, for last month rose by 5% from the same month of last year but the corresponding import value dropped by 13% ...

GVC, Ichia Technologies decide on dividend distribution for 2001.
March 1, 2002... Taipei, March 1, 2002 (CENS)--GVC Corp. and Ichia Technologies, Inc., two local manufacturers of cellular phones and components listed on the Taiwan Stock Exchange, will deal out no dividend and a dividend per share of 2.0, respectively, for...

Nanya Technology not to mete out dividend for 2001.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Nanya Technology Corp., a main local DRAM (dynamic random access memory) manufacturer listed on the Taiwan Stock Exchange, will not distribute any dividend for its business operation last year Nanya...

Nordic Investment Bank to issue NT$5 B. bonds in Taiwan.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Nordic Investment Bank will soon issue NT$5 billion worth of the N.T.-dollar denominated bonds in the local market, according to Salomon Smith Barney Securities, the underwriter of the debt issue. The NT$-dollar...

Far EasTone to invest additional NT$7 B. in Yuan-Ze Telecom.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Far EasTone Telecommunications Co. will invest NT$7.09 billion to buy new shares to be issued by its affiliated company Yuan-Ze Telecom Co., officials at the Taiwan's third largest mobile operator said...

China Life Insurance to distribute NT$0.5 stock dividend for 2001.
March 1, 2002... Taipei, March 1, 2002 (CENS)--The board of China Life Insurance confirmed yesterday that the life insurer posted a net profit of NT$185 million, or NT$0.30 per share, in 2001. That was a major turnaround from a net loss of NT$600 million, or...

Chang Hwa Bank to issue NT$20 billion of subordinated bonds.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Chang Hwa Bank plans to issue NT$20 billion worth of subordinated bonds in mid-March aimed at improving its financial structure, bank officials said yesterday. The selling of the planned subordinated bonds will...

Chiao Tung Bank to undergo restructuring.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Chiao Tung Bank will undergo a corporate restructuring that will transform the industrial bank into a multifaceted financial institution Under the plan, the bank will consolidate its corporate banking...

Cathay Holding to set up three major branch offices on island.
March 1, 2002... Taipei, March 1, 2002 (CENS)--Cathay Financial Holding Co. plans to set up three flagship branch offices on the island in September to offer 'one-stop' financial management services to its customers. The "one-stop" financial services will be...

Taiwan Steel Makers Join Rush to Mainland China.
March 1, 2002... A new wave of investment in mainland China by Taiwan's steel companies is emerging, and eight industry leaders have already set up plants there. Obviously, the government's "don't hurry, be patient" policy regarding investment in the mainland...