China is considering a plan to establish a coastal economic belt in East China's Shandong Province, a provincial official said at a high-profile think tank summit in Beijing on Saturday.

The new, high-octane iPhone 3GS is loaded with features that could light up your life — but its battery isn't one of them.

CPC Corp., Taiwan, a state-run oil concern, yesterday announced it will raise its domestic sales prices for gasoline and diesel oil products by NT$0.3 and NT$0.6 per liter, respectively, effective early this morning, to reflect the increased crude oil costs.

Taiwan's 40 richest individuals or families in 2009 — topped by Cathay Financial Holdings' Tsai brothers — are worth a combined US$55 billion.

The Cabinet-level Fair Trade Commission (FTC) will move to investigate a major trading dispute resulting from a pricing mistake by Dell Inc. to see if the computer giant's mispricing practice can be regarded as a misleading advertisement, which violates Article 21 of the Fair Trade Act, FTC sources said yesterday.

The new owner of Nan Shan Life Insurance Co., the Taiwan business unit of the financially troubled AIG, should focus on sustainable growth and look after the rights of employees and clients, said the Financial Supervisory Commission (FSC), yesterday.

Guangzhou-based China Southern Airlines is likely to become China's first carrier to open a branch in Taiwan after it submitted Friday three copies of a document necessary for approval of the branch opening by the Taiwanese authorities.

AxunTek Solar Energy, the first company in Taiwan to have developed cutting-edge CIGS thin-film technology for green energy, is set to upgrade and expand its production of CIGS thin-film solar cells and related products in a new plant, company officials said Friday.

Taiwan's TAIEX index retreated by 2.13, or less than 1 percent, to close at 6,665.4 in Taipei trading, breaking a three-day winning streak.

The Global Fund to Fight AIDS, Tuberculosis and Malaria is facing a budget hole of about US$3 billion as the recession dries up foreign aid, the Geneva-based funding body said on Friday.