According to MIC (Market Intelligence Center, Taiwan), an ICT industry research institute based in Taipei, mobile data services will be a key focus for Taiwanese telecom operators in 2008, with the growing popularity of 3G/3.5G mobile phones. Thanks to the promotional plans offered by telecom operators to boost 3G subscriber numbers, Taiwanese mobile phone market [...]
Cisco China announced that it signed cooperation agreements with China Mobile Communications Corp (CMCC) and China Construction Bank (CCB) in Washington, D.C.during discussions on the sidelines of the Sino-US Strategic Economic Dialogue.
Under the agreements, CMCC, who boasts the largest number of mobile subscribers in the world, will look to purchase data network equipment and services [...]
The Central Bank of China (CBC) raised yesterday the key interest rates to a seven-year high and also boosted banks’ deposit reserve ratios in a bid to contain inflation.
CBC Governor Perng Fai-nan and his board increased the discount rate on loans to banks by 12.5 basis points to 3.625 percent as widely expected, effective today.
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Minister of Economic Affairs (MOEA) Yiin Chii-ming said at a legislative hearing yesterday that the current 40 percent limit on China-bound investment is scheduled to be relaxed in August and that the formula for capping investments will be revised.
“The ministry plans to change the regulations that currently specify three different investment ceilings based company capital, [...]
Changqing oil field of PetroChina in North China’s Shaanxi province, has set a target to produce 15.2 billion cubic meters of natural gas in 2008, its parent China National Petroleum Corp (CNPC) said.
The Changqing field, located in the Ordos Basin, is gearing up to meet strong demand expected during the upcoming Beijing Olympics. As part [...]
Industrial Bank of Taiwan (IBT) said Wednesday it has won approval from its board of directors for its plan to acquire China Bill Finance via a share swap in a bid to boost competitiveness, according to sources close to the deal.
Each share of IBT will be exchanged for 1.241 China Bill Finance shares, said the [...]
