Rates to rise more, governors sayBloombergThe global economy and inflation have so far proved surprisingly resilient to a barrage of interest-rate increases, prompting top central bankers on Wednesday to promise more of the same. Meanwhile, Bailey vowed to do what was necessary to bring inflation back to 2 percent after the BOE surprised investors by boosting rates a half percentage point this month. Ueda was the odd one out, emphasizing that Japan’s rates are on hold because underlying inflation remains below 2 percent. Powell acknowledged that a recession was possible because of the Fed’s actions, though that is not his base case. Separately, Sweden’s central bank yeserday raised its key interest rate to its highest level in 15 years, as inflation remains too high.

KMT, TPP silent before the CCPBy Jethro Wang 王濬From June 16 to Monday last week, China held its 15th Straits Forum in Xiamen Province. The Chinese Communist Party (CCP) billed it as the largest convention for cross-strait exchanges in the post-COVID-19 pandemic era. The Taiwan People’s Party (TPP) sent its Taiwanese Businesspeople Affairs Committee chairman, Chang Kai-chun (張凱鈞). Although the KMT and the TPP say they want peace, neither party has ever condemned the CCP’s military actions when they met with Chinese officials. The only thing the two parties’ officials know is to respectfully listen while CCP officials give them a dressing down.

Vice premier meets with Japan ruling party secretary-generalStaff Writer, with CNAVice Premier Cheng Wen-tsan (鄭文燦) yesterday paid a visit to Toshimitsu Motegi, secretary-general of Japan’s ruling Liberal Democratic Party, at the party’s headquarters in Tokyo. Vice Premier Cheng Wen-tsan, left, and Japan’s ruling Liberal Democratic Party Secretary-General Toshimitsu Motegi react during a meeting at the party’s headquarters in Tokyo yesterday. Cheng expressed gratitude to Japan for its donation of the 4.2 million vaccine doses, pointing out that the figure accounts for about 20 percent of Taiwan’s population. Cheng added that Taiwan and Japan have shared values and extremely close trade ties, and also face common geopolitical challenges. Yesterday afternoon, Cheng also visited contract chipmaker Taiwan Semiconductor Manufacturing Co’s 3DIC R&D Center in Tsukuba, Ibaraki Prefecture.

Harrison Ford in a scene from Indiana Jones and the Dial of Destiny. Mads Mikkelsen, left, and Phoebe Waller-Bridge in a scene from Indiana Jones and the Dial of Destiny. Phoebe Waller-Bridge, left, and Harrison Ford in a scene from Indiana Jones and the Dial of Destiny. Boyd Holbrook appears in a scene from Indiana Jones and the Dial of Destiny. Photo: APHarrison Ford stars in Indiana Jones and the Dial of Destiny.

Canadian academics tout steps to develop relationsStaff writer, with CNAA group of visiting Canadian academics yesterday said they are pleased to see Ottawa take steps to develop bilateral ties and gain a deeper understanding of Taiwan. The steps include starting talks on establishing a bilateral investment pact and appointing a senior diplomat to Taiwan as top envoy, the academics said. The delegation comprising nine academics arrived in Taiwan on Sunday and is to stay until Saturday. From left, Canadian Global Affairs Institute president David Perry, Bijan Ahmadi, executive director and founding member of the Institute for Peace and Diplomacy, and Vina Nadjibulla, an adjunct professor at the School of Public Policy and Global Affairs at the University of British Columbia, pose for a pitcure in Taipei yesterday. It also says that Canada would continue to foster economic and people-to-people exchanges with Taiwan, and support its resilience.

Man fined NT$50,000 for heated tobacco from abroadBy Lee I-chia / Staff reporterA man was fined NT$50,000 (US$1,609) for attempting to bring heated tobacco products (HTPs) purchased abroad into Taiwan, the first such fine imposed under rules passed earlier this year, the Health Promotion Administration said. The Health Promotion Administration on Tuesday said that as no HTPs have passed the assessment, none can be bought in Taiwan or imported. A heated tobacco product is pictured in an undated photograph. After the man explained the situation to the local health department, he was fined NT$50,000 for contravening articles 15 and 26 of the Tobacco Hazards Prevention Act, she said. As of June 14, customs officers have reported to local health departments 69 cases of travelers bringing in HTPs from abroad, Liu said.

Mandarin education meet to be held in Taipei next monthBy Liu Tzu-hsuan / Staff reporterThe Overseas Community Affairs Council is to hold the International Summit on Mandarin Education in Taiwan next month to help promote Taiwan’s Mandarin-language education sector. A Web page promotes the Overseas Community Affairs Council’s International Summit on Mandarin Education in Taiwan. The council is working with the American Institute in Taiwan to bolster cooperation in language education based on the US-Taiwan Education Initiative with Taiwan, which was signed in December 2020, the council said. The students are to complete the one-year Mandarin course in the eight-week program in Taiwan, it said. Another 15 university students from the US began an eight-week Mandarin course at NCKU under the Taiwan Intensive Summer Language Program on Monday last week, it said.

More than 1,000 civilians killed under Taliban government‘REPREHENSIBLE’: A UN report said that a rise in IED attacks in populated areas, such as places of worship, has resulted in heavy casualtiesAP, ISLAMABADThe UN yesterday said it has documented a significant level of civilians killed and wounded in attacks in Afghanistan since the Taliban takeover, despite a stark reduction in casualties compared with previous years of war and insurgency. That compares with 8,820 civilian casualties — including 3,035 killed — in just 2020, according to an earlier UN report. Photo: ReutersThree-quarters of the attacks since the Taliban seized power were with improvised explosive devices (IED) in “populated areas, including places of worship, schools and markets,” the report said. “These attacks on civilians and civilian objects are reprehensible and must stop,” said Fiona Frazer, head of UNAMA’s Human Rights Service. The report also expressed concern about “the lethality of suicide attacks” since the Taliban takeover, with fewer attacks causing more civilian causalities.

“The invisible barriers put up by some people in recent years are becoming widespread and pushing the world into fragmentation and even confrontation,” China’s No. 2 official said at the World Economic Forum’s Annual Meeting of the New Champions in Tianjin, China. Chinese Premier Li Qiang speaks at the World Economic Forum’s Annual Meeting of the New Champions in Tianjin, China, yesterday. He added that the nation would “roll out more practical and effective measures” on expanding domestic demand and stimulating market dynamism. “China seems to be rather confident in terms of maintaining its growth target,” Natixis SA senior economist Gary Ng (吳卓殷) said.

New China export curbs soon: ASMLExport limits: Following US pressures on Dutch chipmaker ASML, new export controls are to be published as soon as 30 June to limit Chinese high-tech advances The Dutch government is planning to publish as soon as next week new export controls that would restrict more of ASML Holding NV’s chipmaking machines from being sent to China, sources said. The measures, which the government previously pledged to publish before the summer, would not mention China or ASML. However, they are designed to restrict the shipments of three models of the company’s machines to the Asian country, Bloomberg previously reported. Lawmakers crafted the export-control regulation as a blueprint that can be used by other EU member states and aim to publish it as soon as next week or in the

Japan to put South Korea back on trade ‘white list’AFP, TOKYOJapan is next month to restore South Korea to a list of trusted trade partners, the government said yesterday, reversing its 2019 removal during a dispute over historical forced labor. The move, which reciprocates Seoul’s reinstatement of Japan to its own trade “white list” earlier this year, is the latest step in efforts by the neighbors to thaw ties. Trade with South Korea would again enjoy a fast-track approval process from July 21, the Japanese Ministry of Economy, Trade and Industry said. However, since South Korean President Yoon Suk-yeol came to power last year, he has worked to quickly bolster ties with Japan in the face of North Korean threats. Also this year, Japan ended export controls on materials for semiconductors destined for South Korea, while Seoul dropped a WTO complaint against Japan and has moved to normalize a military intelligence-sharing pact.

New China export curbs soon: ASMLExport limits: Following US pressures on Dutch chipmaker ASML, new export controls are to be published as soon as 30 June to limit Chinese high-tech advances The Dutch government is planning to publish as soon as next week new export controls that would restrict more of ASML Holding NV’s chipmaking machines from being sent to China, sources said. The measures, which the government previously pledged to publish before the summer, would not mention China or ASML. However, they are designed to restrict the shipments of three models of the company’s machines to the Asian country, Bloomberg previously reported. Lawmakers crafted the export-control regulation as a blueprint that can be used by other EU member states and aim to publish it as soon as next week or in the

EDITORIAL: Taiwanese firms need to changeTaiwanese businesses need to come up with new ideas to manage their overseas employees, as they face risks to their competitive edge and profit base amid increasing globalization. There have been reports of its US employees complaining about long working hours, rigid management and unfair treatment. The chipmaker has said it has sent a human resources team to Europe to prepare for recruitment and comprehend the labor culture there. It has said one of its major challenges abroad has been negotiating with workers’ unions, an area Taiwanese companies are unfamiliar with. Most Taiwanese companies have to respect the differences in workplace culture and learn how to handle possible issues before they can profit from globalization.

Clock tells story of Indian populationAFP, MUMBAIIndia’s first population clock, made up of 10 white numbered cards on a large green metal board, attracts curious passersby who watch it record the story of the world’s most populous nation. A pedestrian walks past a population clock outside the International Institute for Population Sciences in Mumbai, India, on June 2. Photo: AFP“An extra slot had already been made in the clock, expecting that we were going to cross 1 billion,” International Institute for Population Sciences professor Chander Shekhar said in Mumbai, where the clock is. However, it was a controversial enforced-sterilization push in the 1970s that sparked public debates and spurred the institute to create the clock, Shekhar said. “We feel good when we update the board, as passersby can also see the growing population numbers,” 56-year-old security supervisor Salunkhe V.V.

New China export curbs soon: ASMLExport limits: Following US pressures on Dutch chipmaker ASML, new export controls are to be published as soon as 30 June to limit Chinese high-tech advances The Dutch government is planning to publish as soon as next week new export controls that would restrict more of ASML Holding NV’s chipmaking machines from being sent to China, sources said. The measures, which the government previously pledged to publish before the summer, would not mention China or ASML. However, they are designed to restrict the shipments of three models of the company’s machines to the Asian country, Bloomberg previously reported. Lawmakers crafted the export-control regulation as a blueprint that can be used by other EU member states and aim to publish it as soon as next week or in the