Taipei, May 26, 2003 (CENS)--Taiwan's air carriers are forced to cut a record 1,000 flights during the period of May 18 to 31 due to drastically reduced number of passengers caused by SARS fears, according to the Civilian Aeronautics Administration (CAA). CAA officials said most of the canceled

Taipei, May 20, 2003 (CENS)--A Central of Bank of China official yesterday publicly acknowledged the possible risks from deflation as the impact from SARS continues expanding to more business sectors in Taiwan. Shih Yen, director of the CBC's Economic Research Department, said the CBC will revie

Taipei, May 6, 2003 (CENS)--Sales of Pacific Sogo Department Store in Taipei suffered a slide of over 60% yesterday as more than 170 people in store were ordered to undergo quarantine at home after a cashier shows initial symptoms of severe acute respiratory syndrome (SARS). Revenues of other la

Taipei, April 28, 2003 (CENS)--The worsening impact on business operations from severe acute respiratory syndrome (SARS) is seen to force listed companies to move up the timetable to lower their projected revenues and profits this year. Under the regulations set by the Taiwan Stock Exchange (TSE

Taiwanese leisure-chair manufacturers are pulling out all the stops to turn out function-rich products to win over consumers in a time of keen competition. The increasing focus on multifunctional designs reflects the evolving role of what was once a piece of furniture for just sitting down. Today's

Undeterred by the sagging global economy, lathe manufacturers in Taiwan have been holding steady on investment levels over the past year. Their efforts are paying off with the rollout of innovative products, many of which will be on display at the Taipei International Machine Tool Show (TIMTOS 2003

Taipei, April 25, 2003 (CENS)--Taiwan shares tumbled to their lowest levels in three weeks yesterday on fears of the mounting of new cases of severe acute respiratory syndrome (SARS) on the island, analysts said. Investors unloaded their holdings after health authorities reported nine new SARS

Before the American war against Iraq began, the global economy was already stuck in an environment of unprecedented peril. After the regime dissolved in the Soviet Union, a former superpower among the industrially advanced nations of the world, Russia’s economy also fell into hardship, where it has

Taipei, April 7, 2003 (CENS)--Over 41% of trading firms in Taiwan have felt the pinch from the longer-than-expected U.S.-led war in Iraq and many executives are concerned the new dampening factor of severe acute respiratory syndrome (SARS) will only aggravate the situation. A survey by the Taipe

Taipei, March 31, 2003 (CENS)--Chairman Shi Wen-long of the Chi Mei Group yesterday said that Taiwan and mainland China should immediately open the three direct links of shipping, trade, and postal services instead of continuing to drag the foot. Shi, whose business empire covers food, petrochem

Taipei, March 20, 2003 (CENS)--The New Taiwan dollar yesterday dropped NT$0.050 to close at a three-week low of NT$34.780 against the U.S. dollar, as weakness in the South Korean won hurt the local dollar, dealers said. The N.T. dollar opened at the session's high of NT$34.680 against the greenb

Taipei, March 18, 2003 (CENS)--The Finance Committee of the Legislative Yuan yesterday took the initiative to approve a plan that would extend current 50% slash in tax rates on increases in the value of land by another year to January 2005. The move would offer more generous terms to taxpayers

Advertisers in Taiwan saw revenue drop 6.7% to NT$82.93 billion (US$2.37 billion at US$1:NT$35) last year, despite gains of 2.21% to 900% in spending on cable-TV, magazine, Internet, mobile-phone messaging, export-promotion, and retail-outlet ads, according to a recent survey conducted by the Brain

Taipei, Feb. 13, 2003 (CENS)--The government plans to allow imports of grains from mainland China and subsidize airlines with war-risk insurance premiums in case a new war breaks between the United States and Iraq. Vice Premier Lin Hsin-yi, head of a special task force set up by the Executive Yu

Taipei, Feb. 7, 2003 (CENS)--Vice Premier Lin Hsin-I said yesterday that the government will activate the National Stabilization Fund to support the local stock markets should share prices slide irrationally due to a war in Iraq. Lin, who also leads a task force monitoring developments in the U.

The 2002 worldwide production value of Taiwan's information-technology (IT) hardware industry is expected to have grown 11.9% from the previous year to about US$47.85 billion, but single-digit gains are likely to ensue for the coming five years as unit prices fall, according to the Industrial Tech