PRESS DIGEST-Taiwan - June 16
TAIPEI, June 16 (Reuters) - Taiwan newspapers carried the following stories on Monday. Reuters has not verified these stories and does not vouch for their accuracy.
CHINA TIMES
-- Foreign Minister Francisco Ou urged Japan to apologise for Tokyo's handling of a ship collision near a group of disputed islands after Japanese authorities expressed regret and agreed to compensate.
-- Twelve Taiwanese set out for a group of disputed islands known as Tiaoyutai in Taiwan and the Senkaku isles in Japan, to protest against Japan after the boat collision.
UNITED DAILY NEWS
-- The foreign ministry representative in Japan offered to resign after he was recalled over the weekend due to the boat incident.
LIBERTY TIMES
-- The Finance Ministry said it will either take loans or issue bonds to fund projects aimed at boosting domestic consumption after legislators opposed a planned sale in Chunghwa Telecom (2412.TW) shares.
COMMERCIAL TIMES
-- Morgan Stanley said the TAIEX would likely see a rebound starting this week, and the investment bank favours stocks such as Chunghwa Telecom, Yuanta Financial (2885.TW), and technology stocks such as Acer (2353.TW), Quanta Computer (2382.TW) and High Tech Computer (HTC) (2498.TW).
-- Asustek Computer (2357.TW) said it would raise its employee salaries by 20 percent from July, hoping to retain and attract new talent, but that it could reduce its employee bonuses.
ECONOMIC DAILY NEWS
-- Taiwan's Inventec Appliances (3367.TW) has secured server orders from Dell Inc (DELL.O) and sees 2008 revenues hitting T$300 billion ($9.8 billion), citing industry sources.
