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China angry at Taiwan’s treatment of APEC delegation


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


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


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


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


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


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 »

Taiwan donates 1,000 metric tons of rice to Guatemala for disaster relief


Taiwan donated 1,000 metric tons of rice to diplomatic ally Guatemala June 20 to support disaster relief efforts following the Fuego volcano eruption earlier this month. Vice Foreign Minister Jose Maria Liu presented the supplies on behalf of the government to Guatemala Ambassador Olga Maria Aguja Zuniga in northern Taiwan’s Taoyuan City. Taiwan is also sending packaged food, storage containers ... Read More »

Taiwan, Malaysia most affected by US tariffs on Chinese goods, says Schroders


KUALA LUMPUR: Taiwan, Malaysia and Singapore are among the top 10 markets most affected by US tariffs on Chinese goods via the supply chain as US President Donald Trump raised the rhetoric in the trade war against China, says Schroders. In a report issued on Wednesday, Schorder said tariffs on Chinese exports are much more consequential for emerging market (EM) ... Read More »

US unveils de facto embassy in Taiwan amid cross-strait tensions


[TAIPEI] The United States will unveil a new US$250 million representative office in Taiwan’s capital on Tuesday, a de facto embassy that underscores Washington’s strategic ties with the democratic, self-ruled island as it faces escalating tensions with China. Washington cut diplomatic ties with Taipei in 1979 but remains the island’s strongest ally and sole foreign arms supplier. It opened the ... Read More »

Taiwan to cooperate with EU on 5G


TAIPEI: The Ministry of Economic Affairs said Taiwan had reached an agreement with the European Union to help with the development of 5G wireless systems. This year is “Year One” for the fifth generation of the mobile networks, while next year will see the commercial operation of the new systems, Economics Minister Shen Jong-chin (沈榮津) told the 5th Taipei 5G ... Read More »

3 Taiwan telecom companies fined by NCC for NT$499 4G deal mania


TAIPEI: After the dust has started to settle from the pandemonium of the NT$499 (US$16) 4G package deal that was being offered by Taiwanese telecom companies earlier this month, the National Communications Commission (NCC) yesterday (May 23) announced that it would levy fines on three telecom firms for the chaos the promotions caused. At a press conference yesterday, the NCC ... Read More »

Taiwan to introduce Cryptocurrency regulations to curb money laundering


TAIPEI: Taiwan’s government is set to introduce a new regulatory framework for cryptocurrencies later this year. The move is set to prevent money laundering, and won’t seemingly be the start of a clampdown, according to local news outlet Asia Times. Qiu Taisan, the country’s Justice Minister, called for the regulations to be in place by November this year, before the Asia ... Read More »

Why Taiwan must focus on developing a balanced energy supply


TAIPEI: Taiwan’s energy supply is in a transitional phase at the moment as the government attempts to shift supplies away from coal-fired power stations and nuclear power and towards more green energy sources. It is an admirable goal and also an extremely ambitious one. As of 2014, just 1.7 percent of Taiwan’s total energy consumption came from renewable sources, with ... Read More »

Taiwan’s Ta Chen Stainless to invest US$1 billion in America


TAIPEI (CNA) – Taiwan-based Ta Chen Stainless Pipe Co., the largest stainless steel distributor in the United States, has decided to join forces with its affiliate to invest US$1 billion in the U.S. market, eyeing the rising demand for aluminum products there. Ta Chen Stainless will work with affiliate Brighton-Best International (Taiwan) Inc. and pour funds to produce aluminum coils ... Read More »

Singapore deports two gunrunners to Taiwan


TAIPEI: Two Taiwanese gunrunners suspected of involvement in the smuggling of more than 100 guns last week were deported from Singapore Thursday, one day after their arrest. The two were named as Liao Wei-tsang (廖緯蒼), 30, an important cadre in a faction of the Bamboo Union organized crime gang, and Tseng Meng-han (曾孟瀚), 22, the Apple Daily reported. Before the ... Read More »

Iran’s Trade With Taiwan Tops $1 Billion


Iran traded $1.10 billion worth of non-oil goods with Taiwan in the last Iranian year (ended March 20, 2018)–8.64% more compared to the year before, making the East Asian country Iran’s 15th biggest trading partner. As per the Islamic Republic of Iran Customs Administration’s data, Iran exported 1.26 million tons of commodities worth $573.09 million to Taiwan last year, posting ... Read More »

Taiwan’s economy burns less brightly tiger peers as smartphone product cycle ends


TAI PEI: Taiwan is set to lag further behind its three peers — Singapore, Hong Kong and South Korea — economies which underwent rapid industrialisation starting around the 1960s, according to data from the International Monetary Fund. The disparity is clearest when Taiwan is stacked against South Korea, the manufacturing and consumer-electronics powerhouse that’s structurally most similar. Apple’s five largest ... Read More »

Taiwan Giant To Build $9.4B Chemical Complex In Louisiana


TAIPEI: Taiwan-based petrochemical giant Formosa Petrochemical Corp has selected St. James Parish in Louisiana for a US$9.4 billion chemical manufacturing complex, the office of Louisiana Gov. John Bel Edwards announced. Formosa has purchased a 2,400-acre site along the west bank of the Mississippi River, where the petrochemical group plans to build a chemical complex that would produce ethylene, propylene, ethylene glycol, and ... Read More »

Taiwan MOEA team to probe imports of Chinese steel


TAI PEI: Economic Affairs has formed a task force to probe anti dumping and anti-subsidy charges against certain steel imports from China. International Trade Commission said in a statement that the commission plans to hold public hearings on Wednesday and Monday next week to collect feedback from concerned parties and gauge public opinion before formally launching the investigation in a ... Read More »

Taiwan to investigate Chinese steel imports


TAI PEI: Taiwan has launched an investigation into steel imports from China, the Ministry of Finance said. “This is done in a bid for the US to add Taiwan to the exclusion list of the Section 232’s 25% tariff,” a source from a Taiwanese mill said. Chinese products being investigated by Taiwan include certain galvanized and zinc alloy flat-rolled steel ... Read More »