Tuesday , October 23 2018
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Taiwan

Foreign investors oversold NT$41.45 billion Oct.15-19

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TWSE announced Monday that the securities net oversold position by foreign investors was NT$41.45 billion during the week of Oct. 15~Oct. 19, 2018. This represented the difference between NT$155.06 billion securities bought and NT$196.51 billion securities sold. The accumulated net oversold position by foreign investors, during the period year to Oct. 19, 2018, was NT$ 277.62 billion. This represented the ... Read More »

181 caught smuggling Chinese meat into Taiwan during Sept.1-Aug.14

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TAIPEI: From Sept. 1 to Oct. 14, 181 people were caught trying to smuggle illicit Chinese meat products into Taiwan, the Bureau of Animal and Plant Health Inspection and Quarantine (BAPHIQ, 農業委員會動植物防疫檢疫局) said in a statement on Oct. 15. The bureau said that 25 people were fined the maximum penalty of NT$15,000 (US$486) while the rest were fined NT$3,000. Taiwan ... Read More »

Philippines arrests Taiwanese for drug smuggling

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Philippine police early yesterday arrested four people, including three Taiwanese, on suspicion of smuggling drugs and ingredients, in a joint effort with Taiwanese authorities. Based on information provided by the Ministry of Justice’s Investigation Bureau, a Philippine Drug Enforcement Agency-affiliated team under the Philippine National Police inspected a fishing boat in a village in Infanta, Quezon Province, about 138km east ... Read More »

Taiwan Transportation Minister asks for Taoyuan Airport Terminal 3 redesign

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TAIPEI: Transportation Minister Wu Hong-mo (吳宏謀) confirmed that he had ordered a redesign of Taiwan Taoyuan International Airport’s Terminal 3 due to fears of escalating construction and maintenance costs. The focus of the problem was a plan for 130,000 aluminum tubes in the shape of flowers suspended from the ceiling of the terminal’s departure hall, the Central News Agency reported. ... Read More »

Taiwan-Japan small and medium business cooperation supported at sidelines of Taiwan Innotech Expo

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TAIPEI: Small and medium sized Taiwanese businesses were invited to a meeting with international business experts to help facilitate greater Japan-Taiwan business exchange, at the sidelines of the 2018 Taiwan Innotech Expo trade show on Sept. 28. Taiwanese small and medium businesses were given advice and introduced to support for facilitating business links with Japan. The annual event named “Taiwan-Japan ... Read More »

Seven Taiwanese Detained in India for Running Gold Smuggling Racket

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Gold smuggling in India has surged since 2013 when the country had raised the import duty to 10 percent in an effort to narrow a gaping current account deficit. The World Gold Council estimates that smugglers brought around 120 tons of gold into the country in 2017, with nearly the same amount expected in 2018. New Delhi (Sputnik): India’s Directorate ... Read More »

Taiwan shares end below 10,800 points amid trade war worries

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Taipei: Shares in Taiwan came under pressure Tuesday, ending the day below the 10,800 point mark as investors rushed to dump their holdings in the wake of an announcement by Washington that it will impose tariffs on US$200 billion worth of Chinese goods, dealers said. The bellwether electronics sector drove the broader market lower as selling focused on major Taiwanese ... Read More »

India warns against gold smuggling by Taiwanese travelers

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TAIPEI: After 17 Taiwanese were caught smuggling gold into the country so far this year, the Indian authorities hung out pictures and notices of the arrests at two major airports. On three days in February, India’s Directorate of Revenue Intelligence at New Delhi’s Indira Gandhi International Airport detained two, four and one Taiwanese respectively after they were found trying to ... Read More »

Taiwan probes meat smuggling from China to avoid African swine fever

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Taipei: A special inter-ministerial operation has been launched to investigate the smuggling of meat products from China, where a highly contagious and deadly virus that causes African swine fever (ASF) is spreading through hog farms, according to the Cabinet-level Council of Agriculture. COA Deputy Minister Huang Chin-cheng (黃金城) announced the probe after cured ham suspected to have been smuggled from ... Read More »

Taiwan to crack down on meat smuggling amid swine fever fears

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Taiwan’s Council of Agriculture (COA) found 292 cases of meat smuggling, including raw pork from China in August alone, amid fears of an epidemic of African swine fever (ASF) spreading from the country. COA’s Deputy Minister Huang Chin-Cheng said authorities are concerned that ASF could spread to the local hog farming sector. The 292 cases of meat smuggling from China ... Read More »

Drug smuggling by Taiwanese in South Korea on the rise: MOFA

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Taipei: The Ministry of Foreign Affairs (MOFA) said that the number of drug-smuggling cases in South Korea involving Taiwanese suspects has risen sharply over the past two years. So far this year, 26 Taiwanese suspects have been linked to drug smuggling cases in South Korea, a steep increase from one in 2016 and four in 2017, according to Chang Chun-yu ... Read More »

Taiwan company bows to China after boycott threat

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TAIPEI: A Taiwanese coffee chain has become the latest business to bow to pressure from Beijing after Chinese web users threatened a boycott over a visit to one of its stores by the island’s president. Tsai Ing-wen stopped off at a Los Angeles branch of the 85C Bakery Cafe this week during a US stopover in which she became the ... Read More »

House to probe P6.8-billion shabu smuggled from China, Taiwan

Bureau of Customs commissioner Isidro Lapeña and PDEA Director General Aaron Aquino extract the alleged shabu worth P3.4 billion inside steel cases during a press conference at the Manila International Container Port (MICP) in Port Area, Manila on August 7, 2018. Photo by Ben Nabong/Rappler

MANILA: The House committee on dangerous drugs is set to conduct an investigation into the P6.8 billion worth of shabu or methamphetamine smuggled into the country from China and Taiwan. The hearing will be held at 10 am on Tuesday, August 14, at the Belmonte Hall of the Batasang Pambansa. Officials from the Philippine Drug Enforcement Agency (PDEA) and the ... Read More »

Three Taiwanese get death for smuggling 1 ton of crystal meth

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A panel of judges at the South Jakarta District court handed down the death penalty on Thursday to three Taiwanese standing trial for their roles in smuggling crystal methamphetamine in July last year. The three were identified as Liao Guan Yu, Chen Wei Cyuan and Hsu Yung Li. “The defendants have been found guilty beyond a reasonable doubt,” presiding judge ... Read More »

China angry at Taiwan’s treatment of APEC delegation

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TAIPEI: Chinese delegation angrily left Taiwan after saying it had been treated without respect at an airport as it was trying to enter the island to attend an Asia Pacific Economic Cooperation (APEC) forum event, reports said. The Chinese group was planning to attend the July 19-20 Digital Innovation Forum in Taipei, but China had failed to supply the necessary ... Read More »

Three Taiwanese citizens arrested smuggling gold into India

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TAIPEI: Three Taiwanese nationals have reportedly been arrested in Mumbai, India for smuggling gold hidden around their waists. The Times of India has reported that each of the travelers was caught with 6 kg of gold bars sewn into cloth pouches at Chhatrapati Shivaji International Airport in Mumbai on Saturday, May 26. The Taiwanese suspects surnamed Chiu, Lai, and Tseng ... Read More »

Police seize guns in smuggling bust

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Police on confiscated more than 100 guns and ammunition from an alleged firearms smuggling ring worth an estimated NT$40 million (US$1.35 million) on the black market, the Criminal Investigation Bureau said yesterday. The 109 guns and 12,378 bullets had been transported from Hong Kong to Taiwan by sea in a shipping container, bureau officials told a news conference. Six suspects ... Read More »

Three Taiwanese citizens arrested smuggling gold into India

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TAIPEI: Three Taiwanese nationals have reportedly been arrested in Mumbai, India for smuggling gold hidden around their waists. The Times of India has reported that each of the travelers was caught with 6 kg of gold bars sewn into cloth pouches at Chhatrapati Shivaji International Airport in Mumbai. The Taiwanese suspects surnamed Chiu, Lai, and Tseng in total were carrying ... Read More »

Three Taiwanese women arrested in Japan for smuggling gold in their bras

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TAIPEI: Japanese media outlets have reported that three Taiwanese women have been arrested at the airport in Hakodate, Hokkaido for attempting to illegally smuggle gold into the country. According to news reports, Japanese customs bureau announced that three women from Taiwan were placed in custody and are charged with violating the customs act attempting to smuggle gold inside the pockets ... Read More »

Indonesia sentences eight Taiwanese drug smugglers to death

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Eight Taiwanese drug smugglers were sentenced to death by an Indonesian court Thursday after being nabbed with around a tonne of crystal methamphetamine in a country that has some of the world’s toughest anti-drug laws. The men were arrested during raids last July, when the drug network’s suspected leader was killed in a shootout with Indonesian police. “The defendants have ... Read More »