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Two Taiwanese arrested in India for allegedly smuggling gold


Two Taiwanese nationals were recently arrested in India on suspicion of gold smuggling when law enforcement officers waited for them to pick up parcels that had gold inside, according to sources. Customs officials on Nov. 22 detected 86 wrapped parcels that contained nine kilograms of gold worth $33 million rupees (US$468,000), and then informed the person to whom the parcels ... Read More »

Taiwan’s Underdog City Is Reborn in China-US Trade Spat


One of the biggest beneficiaries of the clash between the US and China may turn out to be a gritty Taiwanese town called Taoyuan. The former Japanese enclave west of Taipei had long suffered as local companies shifted factories to the mainland to benefit from lower wages and globalizing trade. But with tensions escalating between the world’s two largest economies, ... Read More »

Taiwan’s industry has entered era of socially responsible investment


TAIPEI: At the Global Corporate Sustainability Forum held in Taipei this week (Nov. 22-23), the Secretary General of the Taiwan Academy of Corporate Sustainability, Yung-Shuen Shen, and the Senior Executive Vice President of the Taiwan Stock Exchange, Rebecca Chen shared an optimistic view on Taiwanese industry and the countries commitment to corporate sustainability. “Taiwan has already entered an era of ... Read More »

Xi woos Pacific islands to curb Taiwan’s influence

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Chinese leader Xi Jinping will sit down with seven Pacific island allies Friday, doling out attention and perhaps some largesse in the hope of convincing more nations to drop recognition of Taiwan. While countries have vied for resource contracts and influence along vital Pacific shipping routes, the region has also become a frontline in the diplomatic war between Beijing and ... Read More »

Foreign investors oversold NT$31.24 billion Oct


TWSE announced today that the securities net oversold position by foreign investors was NT$31.24 billion during the week.This represented the difference between NT$146.12 billion securities bought and NT$177.36 billion securities sold. The accumulated net oversold position by foreign investors, during the period year to Oct 2018, was NT$ 308.86 billion. This represented the difference between NT$ 6,901.92 billion securities bought ... Read More »

3 Taiwanese arrested in South Korea for drug smuggling


Seoul: South Korean authorities have arrested six members of a drug trafficking syndicate, including three Taiwanese, in connection with smuggling 112 kilograms of methamphetamine into the country, a source from Taiwan’s representative office in Seoul said Monday. The case was cracked through the joint efforts of South Korean police, intelligence and customs authorities and Taiwan’s Criminal Investigation Bureau, according to ... Read More »

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


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


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


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


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


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


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


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


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


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


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


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


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


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 »