Organizers of Tiananmen vigil arrested by HK police
Organizers of Tiananmen vigil arrested by HK policeAFP, HONG KONGHong Kong police yesterday arrested four members of the Hong Kong Alliance in Support of Patriotic Democratic Movements of China, the group behind annual vigils for the Tiananmen Square Massacre, a day after they refused to cooperate with a national security investigation. Hong Kong Alliance vice chairwoman Chow Han-tung speaks to reporters in Hong Kong on Sunday. “Anyone who has violated the National Security Law of Hong Kong and other laws of Hong Kong must be punished by the law,” the Chinese National Security Bureau in Hong Kong said. “Even before a trial begins, Hong Kong Alliance is presumed guilty. It completely violates the presumption of innocence in the past,” former Hong Kong lawmaker Nathan Law (羅冠聰) said.
Source:Taipei Times
September 08, 2021 15:56 UTC
South Korean firm Coupang launches second Taipei site
South Korean firm Coupang launches second Taipei siteBy Angelica Oung / Staff reporterSouth Korean e-commerce giant Coupang Corp yesterday launched its second outlet in Taipei after opening its first in Zhongshan District (中山) in July. The new site in Xinyi District (信義) suggests that Coupang, often described as “the Amazon of South Korea,” is to contest the app-based delivery space occupied by Foodpanda Taiwan Co (富胖達) and Uber Eats Taiwan. A Coupang Corp employee delivers an eco-bag carrying fresh food in Bucheon, South Korea, on Feb. 19. Photographer: SeongJoon Cho/BloombergCoupang says it delivers within 15 minutes for orders to Songshan (松山), Daan (大安), Xinyi, Zhongshan and Datong (大同) districts. Coupang founder and chief executive officer Bom Kim said that he is excited by the opportunities in the Taiwanese market.
Source:Taipei Times
September 07, 2021 15:56 UTC
Allianz faces a new probe by regulator in Germany
Allianz faces a new probe by regulator in GermanyBloombergThe German Federal Financial Supervisory Authority (BaFin) has started its own investigation into Allianz SE’s Structured Alpha Funds, which are at the center of lawsuits and probes in the US following steep losses during the COVID-19 pandemic. Reuters reported on the BaFin probe earlier. Officials for Allianz and BaFin declined to comment. Allianz last month disclosed that the US Department of Justice had started a probe into the funds and warned that the matter could “materially impact” future earnings, sending shares of the insurer tumbling. Allianz told a Manhattan federal judge in February that the plaintiffs are sophisticated investors that chose high-risk private funds with their eyes open.
Source:Taipei Times
September 07, 2021 15:56 UTC
COVID-19: Cluster cases likely not Alpha, CECC says
Among the eight new local cases, seven were in New Taipei City, including five people linked to the preschool cluster, and one in Taipei, said Minister of Health and Welfare Chen Shih-chung (陳時中), who heads the center. A cleaner sanitizes a playground at the affiliated kindergarten of an elementary school in Taipei yesterday, after a cluster of COVID-19 cases were linked to a kindergarten in New Taipei City. Photo: CNAThe cluster has since expanded to 15 people, with nine cases — eight students and a parent — reported on Monday, and five more cases — a student, three parents and a one-year-old sibling of a student — reported yesterday, Chen said. The CECC also reported four imported COVID-19 cases: two Taiwanese, one Japanese and one Malaysian. The 12 new cases brought the total number of COVID-19 cases in Taiwan to 16,047, of which 14,386 were domestic infections reported since May 15, when the country first recorded more than 100 cases in a single day.
Source:Taipei Times
September 07, 2021 15:56 UTC
COVID-19: Vaccine donation arrives from Japan
COVID-19: Vaccine donation arrives from JapanStaff writer, with CNAA batch of 64,000 doses of the AstraZeneca COVID-19 vaccine donated by Japan arrived in Taiwan yesterday afternoon, the fourth such donation made by Tokyo. A driver transports Japan’s donation of 64,000 AstraZeneca COVID-19 vaccine doses at Taiwan Taoyuan International Airport yesterday. Japan first donated 1.24 million doses of the AstraZeneca vaccine to Taiwan on June 4, followed by 1.13 million doses on July 8 and 970,000 doses on July 15. To date, Taiwan has taken delivery of approximately 13 million doses of COVID-19 vaccines, about 6 million of which were donated by other nations. The US is the second-largest vaccine donor to Taiwan after Japan with a donation of 2.5 million doses of the Moderna vaccine, followed by Poland, which donated 400,000 doses of the AstraZeneca vaccine.
Source:Taipei Times
September 07, 2021 15:56 UTC
CPI rise linked to transport costs, rain
CPI rise linked to transport costs, rainQ4 SUBSIDENCE? Food costs alone pushed the CPI reading up by 0.59 percentage points, Tsao added. Food and transportation prices combined accounted for 60 percent of the growth in the CPI, Tsao said. Garment prices rose 2.04 percent, while living costs increased 1.25 percent due to higher house repair and rent costs, the report said. The wholesale price index (WPI), a measure of commercial production costs, increased 11.88 percent, as healthy demand boosted prices for raw materials and oil products, it said.
Source:Taipei Times
September 07, 2021 15:56 UTC
Listed firms report record profit from investments
Listed firms report record profit from investmentsBy Kao Shih-ching / Staff reporterListed firms in Taiwan reported record combined profit of NT$243 billion (US$8.78 billion) from investments in China and NT$576.3 billion from investments in other overseas markets in the first half of this year, with the electronics, semiconductor and shipping sectors contributing the most, the Financial Supervisory Commission said yesterday. Commission data showed that as of the end of June, 1,196 listed companies, or about 73 percent of the nation’s 1,629 listed firms, had investments in China. Semiconductor firms were third, with a combined profit of NT$22.4 billion, up 62 percent, the commission said. Listed firms reported combined profit of NT$576.3 billion from overseas investments, excluding China, up 275 percent from NT$209.3 billion a year earlier, it said. Computer suppliers and semiconductor firms were second and third respectively, with combined profit of NT$53.6 billion and NT$48.7 billion, the commission added.
Source:Taipei Times
September 07, 2021 15:56 UTC
Painting, ‘guqin’ listed as Hsinchu cultural assets
Painting, ‘guqin’ listed as Hsinchu cultural assetsBy Hung Mei-hsiu and Kayleigh Madjar / Staff reporter, with staff writerHsinchu’s traditional architectural painting and guqin (古琴) have been named intangible cultural assets, bringing the city’s total to six and marking the first time the instrument has been recognized by any region. The guqin is China’s oldest musical instrument with a history dating back 3,000 years, the Hsinchu Cultural Affairs Bureau said last week. The detailed and colorful paintings of Fu Pai-tsun (傅?村) have also been registered as intangible cultural assets in recognition of his more than 60 years decorating shrines and temples. Like the other preservers of culture, he uses traditional methods, including freehand blowing and molding of glass, it said. The other three intangible cultural assets listed in Hsinchu are woodcarving, lacquer art and mother-of-pearl inlays.
Source:Taipei Times
September 07, 2021 15:56 UTC
Future vision
Five-star hotels’ buffet restaurants offering discountsSALES BOOST: Top hotels are expecting business to pick up next month, when the Quintuple Stimulus Vouchers program is rolled out to invigorate demand Taipei’s five-star hotels have reopened their buffet restaurants at discounted charges to boost food sales after authorities last month gave the green light to conditional dine-in services. Buffet restaurants, the main driver of hotels’ food revenue, have continued to be hit hard by social distancing requirements that ban guests from picking up food on their own to their heart’s content. Rather, waitstaff put the food on customers’ plates or customers place an order and waitstaff deliver to their table. Shangri-La’s Far Eastern Plaza Hotel Taipei (台北遠東國際大飯店) yesterday reopened its buffet restaurant Cafe (遠東Cafe) and adopted the former style. It also givesBy Crystal Hsu
Source:Taipei Times
September 07, 2021 15:56 UTC
NPP caucus unveils 28 bills, amendments on to-do list
NPP caucus unveils 28 bills, amendments on to-do listBy Shelley Shan / Staff reporterThe New Power Party (NPP) legislative caucus yesterday listed 28 bills and amendments that it aims to help pass during the new legislative session, adding that it would focus on a “vacant home tax act” and amendments to laws governing investment from China. Legislators need to review the draft of the vacant home tax act, which is backed by the Democratic Progressive Party, NPP caucus whip Chiu Hsien-chih (邱顯智) said. Taiwan had 1.66 million vacant homes last year, up from 1.23 million in 2000, Chiu said, citing Ministry of the Interior data. From left, New Power Party (NPP) legislators Claire Wang, Chiu Hsien-chih and Chen Jiau-hua introduce the NPP caucus’ priority bills for the new legislative session at a news conference at the Legislative Yuan in Taipei yesterday. “We have seen a rise in funding from China disguised as investments from other countries to avoid scrutiny by the Investment Commission.
Source:Taipei Times
September 07, 2021 15:56 UTC
Cabinet holds ‘no stance’ on idea of ‘Greater Hsinchu’
Hsinchu County Commissioner Yang Wen-ke (楊文科) later proposed that the new “Greater Hsinchu” become the nation’s seventh special municipality, an idea for which Lin yesterday voiced support. Traffic congests the Ching-kuo Bridge connecting Hsinchu County’s Jhubei City and Hsinchu City in an undated photograph. Without Miaoli County, creating “Greater Hsinchu” would involve revising the Local Government Act (地方制度法). Statistics from the end of last month show that Hsinchu County has a population of 573,858, while Hsinchu City has 452,781 people for a total of 1.03 million. In response to media queries, an Executive Yuan official yesterday said that the Cabinet has not yet formally discussed the proposal.
Source:Taipei Times
September 07, 2021 15:56 UTC
Gasoline prices to increase by NT$0.2
Gasoline prices to increase by NT$0.2By Chen Cheng-hui / Staff reporterCPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) yesterday announced that they would raise gasoline prices by NT$0.2 per liter, but lower diesel prices by NT$0.1 per liter, effective today. Both firms last week raised gasoline prices by NT$0.4 per liter and diesel prices by NT$0.1 per liter. After this week’s adjustment, gasoline prices at CPC stations would be NT$28.2, NT$29.7 and NT$31.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while the price of premium diesel would fall to NT$25.5 per liter, the company said. Prices at Formosa’s stations would climb to NT$28.2, NT$29.6 and NT$31.7 per liter for 92, 95 and 98-octane unleaded gasoline respectively, while the price of premium diesel would drop to NT$25.3 per liter. CPC said in a statement that based on its floating oil price formula, the cost of crude oil last week increased 1.49 percent from a week earlier.
Source:Taipei Times
September 05, 2021 15:56 UTC
Pandemic, climate cast a shadow over IAA opening
Pandemic, climate cast a shadow over IAA openingSEARCH FOR MOMENTUM: The auto show, relocated to Munich, comes amid a looming legal battle over when German automakers should phase out gasoline enginesAFP, MUNICH, GermanyGermany’s revamped IAA auto show, one of the world’s largest, is to open in Munich tomorrow for a celebration of all things vehicle-related, but climate concerns and COVID-19 pandemic woes threaten to spoil the party. German Chancellor Angela Merkel, center, talks to then-Volkswagen AG chairman Matthias Mueller, right, and other Volkswagen officials at the IAA auto show in Frankfurt am Main, Germany, on Sept. 14, 2017. Climate campaigners have vowed to disrupt the IAA by staging protests on Friday and Saturday, when the general public is invited. The plaintiffs want the German vehicle giants to stop producing diesel or gasoline engines by 2030, saying that their current pledges for electrification are vague and nonbinding. BMW plans to present a hydrogen-powered SUV, as well as its vision for a fully recyclable electric vehicle made entirely from recycled material and renewable resources.
Source:Taipei Times
September 05, 2021 15:56 UTC
Green bond record month expected
Green bond record month expectedBloombergThe green bond market is heating up again with investors bracing for a potential record month of sovereign sales. That is in addition to established issuer Germany, which is to auction a new 10-year green bond next week. “Based on the way the pipeline is building, we could see a month for record issuance,” Deutsche Bank AG environmental, social, and governance advisory head Trisha Taneja said. Since the first sovereign green bond was issued by Poland in 2016, momentum has grown with more issuers coming on board. The biggest deal this month is a British green gilt bond maturing in 2033.
Source:Taipei Times
September 05, 2021 15:56 UTC
Tsai thanks Poland for vaccines
The delivery of 400,000 doses of the AstraZeneca COVID-19 vaccine arrived in Taiwan yesterday morning, making Poland Taiwan’s third-largest vaccine donor, after Japan and the US. “Thank you” and Poland’s national flag light up the Taipei 101 building last night to express Taiwan’s appreciation to Poland for its donation of 400,000 doses of the AstraZeneca COVID-19 vaccine. “Thank you to Poland for providing Taiwan with 400,000 COVID-19 vaccine doses. Poland’s expression of warmth to Taiwan, which is in need of vaccines, demonstrates a “virtuous cycle,” Premier Su Tseng-chang (蘇貞昌) said, as he voiced his thanks to Poland. The arrest and prosecution of a senior Huawei employee allegedly involved in spying in Poland has also triggered controversy, he said.
Source:Taipei Times
September 05, 2021 15:56 UTC