PRESS DIGEST-Taiwan - June 11
TAIPEI, June 11 (Reuters) - Taiwan newspapers carried the following stories on Friday. Reuters has not verified these stories and does not vouch for their accuracy.
CHINA TIMES
-- Full-year inflation of 3.9 percent for 2008 would nearly set a 14-year record.
-- Taiwan's de facto ambassador to Japan returned to the island and a group of welcoming supporters after being recalled following a flap with Tokyo over disputed waters.
UNITED DAILY NEWS
-- President Ma Ying-jeou discussed wafer production in China at a meeting with Michael Splinter, president and CEO of Applied Materials Inc (AMAT.O).
-- The vice-premier said in the second half of 2008 the government would start 12 major infrastructure projects and open more to foreign investment.
LIBERTY TIMES
-- Major Taiwan firms are losing money in China due to Beijing's cancellation of preferential policies, increased risk and lower-than-expected demand among Chinese.
COMMERCIAL TIMES
-- The financial regulator is aiming to prop up the sagging stock market by loosening rules on the establishment of new domestic funds through the end of the year.
ECONOMIC DAILY NEWS
-- Elpida's (6665.T) announcement that it will make Nor memory for Numonyx means it will cut its DRAM output, lowering global DRAM output by 1-2 percent.
