TAIWAN POWER FIRM PLANS MORE FOREIGN DEBT CUTS
State-owned (Taiwan Power co) will boost
its domestic borrowings to further cut its foreign debt in line
with a government policy to trim the island's huge foreign
exchange reserves, a company official said.
    The company's foreign debt, mainly from the Japanese and
U.S. Banks, was cut nearly by half to 66.2 billion taiwan dlrs
equivalent in calendar 1986 from 124.6 billion in 1985, he
said.
    Its domestic borrowings however rose to 105.2 billion
taiwan dlrs from 80.6 billion in the same period, he added.
    Taiwan's foreign exchange reserves now stood at 50 billion
U.S. Dlrs, due to its 1986 record trade surplus of 15.6
billion.
 REUTER
