By Jason Pan / Staff reporterThe Democratic Progressive Party (DPP) yesterday said that it would support a rally tomorrow titled “Get lost ‘red’ media.”“More people are concerned about Chinese infiltration into Taiwanese media and political circles,” party spokeswoman Lee Yen-jong (李晏榕) said. “The DPP and the administration are advancing legal amendments and policies to fight such Chinese intrusion,” she said, adding that party officials and representatives would participate in Sunday’s rally. New Power Party Legislator Huang Kuo-chang (黃國昌) and bodybuilder and YouTube celebrity Holger Chen (陳之漢) organized tomorrow’s rally. “We welcome the support by the DPP and would also welcome the participation of other political parties,” Chen said on Facebook. “We can no longer sit by as those ‘red’ media outlets join hands with the Chinese Communist Party to push Taiwan to the edge of a cliff,” said Huang, who has since 2012 led various initiatives against media monopolization.
Tariffs would affect nearly all major Apple products, including iPhones, iPads, MacBooks, Apple Watches, AirPods and iMacs, the company wrote. It would also hurt lower-volume products like the HomePod speaker, some Beats headphones, wireless routers, the Apple TV box, cases and iPhone replacement parts, it said. “We urge you not to proceed with these tariffs,” Apple said. This is the first time Apple has specifically mentioned the iPhone on a list of products that would be affected by tariffs. The smartphone generates about two-thirds of Apple sales and drives the purchase of other devices and services.
By Tsai Wen-chu / Staff reporterThe Tainan Environmental Protection Bureau’s green roof cooling project can help lower roof temperatures by about 7°C, thus reducing air-conditioner electricity consumption. A presentation of the project was held at Wunyuan Elementary School in the city’s North District (北區), where herbs and vegetables had been planted on classroom rooftops. The green roof project was implemented at five facilities, covering a total area of 734m2 this year, the bureau said. Lee said the green roof installed at the school was the “thin-layer” type recommended by the bureau. Its total area is about 91m2, and the water retention boards at the bottom can store up to 13.5 tonnes of water, she said.
BloombergThe US-China trade dispute is a serious concern for Thailand that has the potential to undermine global business, Thai Prime Minister Prayuth Chan-ocha said yesterday. “We have to alleviate this tension and create a greater balance,” Prayuth said in a speech at the Bloomberg ASEAN Business Summit in Bangkok. The trade dispute has led to “greater uncertainty in the global economic situation and greater competition,” he said, adding that Thailand was trying to expedite the Regional Comprehensive Economic Partnership trade agreement. Prayuth was elected prime minister in a joint vote of the elected lower chamber and junta-appointed Thai Senate. Thailand is the chair of the ASEAN this year and hosting the 34th summit of the 10-nation bloc’s leaders, which ends tomorrow.
Trump struck a collaborative tone during a meeting with Canadian Prime Minister Justin Trudeau as he hailed a deal with the two countries. He threatened to abandon the pact that the USMCA is to replace, the North American Free Trade Agreement. The Trump administration is urging Congress to approve the deal before lawmakers leave for their month-long August recess. Trudeau said at a news conference after the meeting with Trump that he would not lobby Congress to pass the deal. “Canada is not going to get involved” other than to answer questions or explain the deal as requested, he said.
After launching its ride-hailing service in France and Japan, Waymo intends to explore other European and Asian markets with Renault and Nissan. “This is an ideal opportunity for Waymo to bring our autonomous technology to a global stage,” Waymo chief executive officer John Krafcik said. Waymo, Renault and Nissan did not set a timetable for when their ride-hailing service would launch and left most other details vague. It is likely to be several years before Waymo is in a position to pose a serious challenge to Uber, the world’s largest ride-hailing service. That could be one reason Waymo is working with France-based Renault and Japan-based Nissan, household names in their home countries.
June 20, 2019 16:03 UTC
Minister of Justice Tsai Ching-hsiang (蔡清祥) said he ordered the office to investigate the circumstances that led to the destruction of evidence in Ho’s case, and how Ho was able to evade police searches and flee to China. The Judicial Reform Foundation called it the “Taiwanese judiciary’s most shameful episode” and “a major embarrassment” for the public to see that judges could be bought. The foundation called for the resignation of top ministry and Judicial Yuan officials, and demanded reforms and a massive clean-up of what it called corrupt judges and prosecutors within the system. A High Court ruling in 2016 further reduced the prison term to 13 years and ordered him to pay back NT$52 million. However, legal reform activists said it smelled of foul play and possibly another “inside job,” citing too many coincidences of information being leaked or evidence destroyed relating to Ho’s case, and called for a thorough investigation.
Qualified applicants in Taipei would receive the highest amount, with couples to receive NT$5,000 per month and individuals to receive NT$4,000, he said. Whereas only individuals who earn less than 1.5 times the lowest cost of living are eligible for an existing rent subsidy scheme, the new scheme would accept applicants who earn less than 2.5 times the lowest cost of living per month per person, he said. In other terms, families with annual household incomes in the lowest 35th percentile — instead of the lowest 20th percentile — would be eligible, he added. Also at the meeting, Minister of the Interior Hsu Kuo-yung (徐國勇) reported on the progress of a plan to build 200,000 social housing units in eight years. Through collaboration with local governments, the central government is confident that it would reach its goal on schedule, he added.
By Natasha Li / Staff reporterDanish energy company Orsted A/S yesterday signed a five-year NT$25 billion (US$801.92 million) revolving loan facility agreement with 15 state-owned and private banks for its offshore wind farm projects off Changhua County. “The interest rate is 1.7 percent,” BOT vice president Lillian Lin (林麗婈) told a news conference in Taipei. The feed-in tariffs at which Orsted would be providing wind-powered electricity are a strong guarantee that the company should have steady cash flow, Lin said. The company plans to issue New Taiwan dollar-denominated green bonds later this year, it said. Orsted plans to invest up to about NT$380 billion in its four wind farms off Changhua, with an initial investment of NT$165 billion, said Allan Andersen, head of finance distribution and customer solutions, and treasury and risk management at Orsted.
Reuters, WASHINGTONThe US Federal Reserve on Wednesday signaled interest rate cuts beginning as early as next month, saying that it was ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about weak inflation. Even as the US central bank left its benchmark interest rate unchanged for now, the shift in sentiment since its last policy meeting was marked. The bulk of Fed policymakers slashed their rate outlook for the rest of the year by about half a percentage point, and Fed Chairman Jerome Powell said others agree the case for lower rates is building; the Fed dropped its pledge to be “patient” before rate moves in a sign it was poised to act. “Ultimately the question we are going to be asking ourselves is: ‘Are these risks going to be continuing to weigh on the outlook?’” Powell said. Interest-rate futures surged in response to the dovish remarks, and traders are now betting heavily on three rate cuts by the end of the year.
The main sources of contention between the carrier and the Taoyuan Flight Attendants’ Union remained a proposal to raise the daily allowance for flight attendants and an appeal, dubbed the “anti-freeloader clause,” by the union that non-union employees be barred from receiving benefits that the airline promises the union in negotiations. EVA flight attendants receive a larger daily allowance than their counterparts at China Airlines Ltd (華航), as EVA calculates from the time they sign in to the time they sign out of work, while China Airlines calculates based on flight hours, EVA cabin crew division deputy vice president Milly Fung (馮美莉) said. The hourly rate for the daily allowance paid to EVA flight attendants, NT$90, is comparable with international standards, she said, asking union representatives on what their demand for a NT$150 hourly rate was based. A total of 8,628 passengers were affected by the canceled international flights, EVA said, but added that 14 international flights were unaffected, as were 2,982 passengers on domestic flights. EVA has about 4,600 flight attendants, of whom 2,949 on June 7 voted in favor of going on strike, the union said.
“There is no need to be extremely and strictly mindful about a concrete range for the rate” on Japan’s benchmark 10-year bond yield, Kuroda said. The BOJ targets that rate to be about 20 basis points plus or minus zero. His flexibility egged on buyers, with the yield pushing as low as minus-0.18 percent as he spoke during an afternoon news conference. The market is likely to test just how flexible Kuroda is in the days and weeks ahead. The BOJ kept its benchmark interest rate at minus-0.1 percent and 10-year yield target at about 0 percent earlier in the day.
The company reported that cumulative revenue for the first five months of the year declined 11.6 percent to NT$644.12 million (US$20.66 million), from NT$728.66 million a year earlier. The company said that it also plans to strengthen its promotions through social media and e-commerce platforms. “Scan-D takes up less than 2 percent of Taiwan’s furniture market, so there is room for expansion,” Ho said. That includes plans to open more stores, including Scan Comfort (詩肯睡眠), a sub-brand for high-end mattresses, at department stores this year, he said. Scan-D last month acquired Singaporean furniture retailer Nova Furnishing Holdings Pte Ltd (諾雅家具).
The group held the event to promote a book documenting a 485-day protest it held in 2017 and last year to oppose pension cuts. He promised to help them “reclaim their dignity” and to seek ways to restore their benefits if elected president. If elected, he would improve the nation’s economy and increase government revenue to fund benefits for military personnel, civil servants and public-school teachers, he said. “If I can bring in enough revenue, I promise that [their benefits] would be a priority,” he added. Earlier this month, Gou criticized Han for “making empty promises” after the mayor said that the government should restore the cut pensions.
Reuters, LONDONFormer British secretary of state for foreign and Commonwealth affairs Boris Johnson, who helped lead the 2016 Brexit referendum campaign, yesterday continued his progress toward the top job when he trounced his rivals again in the race to succeed British Prime Minister Theresa May. In a fourth ballot of Conservative Party lawmakers, which eliminated British Home Secretary Sajid Javid, Johnson was again way out in front of his rivals. The result of a fifth and final ballot was due at 6pm in London yesterday. British Secretary of State for Environment, Food and Rural Affairs Michael Gove was second with 61 votes and British Secretary of State for Foreign and Commonwealth Affairs Jeremy Hunt was third with 59. Johnson has pledged to leave the EU on Oct. 31 with or without a deal.