Staff writer, with CNAThe Central Epidemic Command Center (CECC) on Saturday said that it has a series of response measures planned in case COVID-19 begins to spread in communities. The CECC’s four-part prevention plan is based on Taiwan’s experience of dealing with the 2002-2003 SARS outbreak, Department of Medical Affairs Director-General Shih Chung-liang (石崇良) said. In the second part, the CECC would introduce new rules to minimize the risk of infection among healthcare workers, Shih said. Citing his experience as an emergency room doctor at National Taiwan University Hospital during the SARS outbreak, Shih said the medical staff were split into two teams that alternated every two weeks. The fourth aspect of the plan involves reducing the number of people seeking non-essential medical treatment, Shih said.
“We have put together a multi-generational, multiracial coalition that is going to not only win in Nevada, it’s going to sweep the country,” Sanders, a self-described democratic socialist, told cheering supporters in San Antonio, Texas. With 50 percent of the precincts reporting, Sanders had 47 percent of the county convention delegates in Nevada. Entrance polls showed Biden led among African Americans with 36 percent, followed by Sanders with 2 percent. The entrance poll showed Sanders led in Nevada across all age groups except for those older than 65. He was also favored over Biden among voters whose top priority is defeating Trump in November.
After that, only some schools in Taitung County and on the outlying islands would be left, but that work would be done today, the agency said. Meanwhile, pediatricians in Taipei and Changhua County on Saturday were asked to give personal hygiene advice to students preparing to return to school. They could be infected by scratching their noses, rubbing their eyes or eating with unwashed hands, she said. A person’s hands should also be washed before putting on a surgical mask, she added. Jackets come into direct contact with the environment, but are typically not washed every day, he said.
Many Taiwan policymakers hold the view that US-China tensions create favorable conditions for closer US-Taiwan relations. London’s approval of Huawei’s involvement in its 5G network was a setback for the Trump administration. To be clear, Washington’s focus on Huawei did not begin with the Trump administration and it will not end when President Trump leaves office. With its efforts to halt Huawei’s spread into new markets floundering, the Trump administration is likely to double down on seeking to slow Huawei’s technological progress. The Financial Times reported last November that the Trump administration has asked Taiwan authorities to compel TSMC to do just that.
“If China fails to contain the virus in the first quarter, I expect a vast number of small businesses would go under,” Beijing Zhonghe Yingtai Management Consultant Co (北京中和應泰財顧) analyst Lu Changshun (呂長順) said. Support from China’s banking giants in response to the outbreak has so far been piecemeal, mostly earmarked for directly combating the virus. Industrial & Commercial Bank of China Ltd (ICBC, 中國工商銀行), the nation’s largest lender, has offered relief to 14,000 small businesses, or about 5 percent of its small business clients. “We approve qualified small businesses’ loan applications as soon as they arrive,” the bank said. To put that into perspective, China’s small businesses typically face interest payments on about 36.9 trillion yuan of loans every quarter.
Over the past 20 years, China has developed into the world’s factory through its low labor, land and raw material costs. The outbreak could also spell good news for Taiwan, because it might help speed up the return of investment and jobs from China. It might become a tipping point in the decoupling process for companies considering moving their supply chains out of China. Some businesses have started to shift production out of China in response to the US-China trade dispute, and more are expected to follow suit. Together with government incentives that aim to boost domestic investment amid the trade row, the outbreak might prove to be a crisis as well as an opportunity for Taiwan.
However, the absence of any restrictions on speech might pose a threat to a democratic society. Advocating for Taiwan’s annexation by force is in and of itself anti-democratic, as it supports replacing a democratic society with an authoritarian one. A democratic society is the foundation of all freedoms, including freedom of speech. Without a democratic society, there are no grounds to talk about guarantees for freedom. Allowing a statement that denies the continuation of a democratic society would ultimately undermine that society and, in turn, destroy freedom itself.
The excessive triviality and fragmentation of law-related education has been a problem for years in junior and senior-high school teaching materials. These teaching materials are hard to comprehend for teachers without a legal background and ruin students’ interest in studying law, a key social mechanism. The Criminal Code chapter includes the three-stage theory of crime — which haunted me for a long time during my freshman year at law school. These kinds of teaching materials confuse teachers and students who are unable to digest the information. This shows that there is a serious lack of will to follow the spirit of the rule of law.
By Jason Pan / Staff reporterTwo men have been taken into custody for their alleged ties to a money counterfeiting ring, police said yesterday. “The seized US$100 bills are of very high quality owing to a high-level counterfeiting production process,” Lee said. The evidence eventually led to Hsieh, Lee said, adding that police in November last year conducted a search that uncovered 1,200 fake US$100 bills in his temple and detained him for questioning. “The counterfeits Kao sold were then locally resold to Southeast Asian migrant workers, who could remit US currency home,” Lee said, adding that Hsieh had sold about US$30,000 of fake bills. Kao and Hsieh face charges of counterfeiting valuable securities, the bureau said, adding that an investigation is under way to verify links with Liao’s operation.
As international authorities attempt to stop the outbreak in China from becoming a pandemic, finance leaders at the G20 meeting in Saudi Arabia this weekend are set to discuss risks to the global economy. “COVID-19 anxiety has risen to a new level amid concerns of virus outbreaks in Beijing and outside of China,” National Australia Bank Ltd senior foreign-exchange strategist Rodrigo Catril said. “If we give in to blind self-confidence, the epidemic could rebound and the virus exploit us when we are off guard,” the People’s Daily said. As G20 finance ministers prepare to meet, the IMF said it was too early to tell what impact the virus would have on global growth. “We are still hoping that the impact will be a V-shaped curve” with a sharp decline in China and sharp rebound after the containment of the virus, IMF managing director Kristalina Georgieva said.
By Kao Shih-ching / Staff reporterChunghwa Telecom Co (中華電信) and Far EasTone Telecommunications Co Ltd (FET, 遠傳電信) yesterday spent an additional NT$4.11 billion (US$135.2 million) combined to secure optimal 5G bandwidth, boosting the nation’s 5G auction total to NT$142.19 billion. The auction price was the world’s third-highest after Germany and Italy, which raised 6.55 billion euros each through 5G bandwidth auctions. The nation’s biggest telecom has spent NT$48.37 billion to win bandwidth in the 5G auction, company data showed. FET plans to launch 5G service in the third quarter. Taiwan Mobile and Taiwan Star spent NT$30.65 billion and NT$19.7 billion respectively in the two phases respectively, companies data showed.
By Kao Shih-ching / Staff reporterThe Financial Supervisory Commission (FSC) on Thursday said it is launching new wealth management rules that would allow eligible banks to offer their high-asset customers new financial products and services next quarter. The new rules, part of the Regulations Governing Banks Conducting Financial Products and Services for High-Asset Customers (銀行辦理高資產客戶適用之金融商品及服務管理辦法), would take effect after a 60-day notice, FSC Chairman Wellington Koo (顧立雄) said. Meanwhile, 60 days should be enough for the banks to prepare to kick-start new services,” Koo said. BIGGER RISKAs the new financial products generate higher investment risks, only banks with solid financials, large-scale management services and good corporate governance would qualify, Koo added. After the 60-day notice, the FSC would announce the list of eligible banks, he said.
BloombergFear of the spreading COVID-19 outbreak in China has turned the yen from a haven asset to a liability. As new cases of the virus mount, the impact of COVID-19 on supply chains and demand is pummeling Japan’s economy, already under pressure after last year’s sales-tax hike. The benchmark 10-year US yield fell to a five-month low this week, but the US dollar-yen’s move in the opposite direction suggests little haven demand for Japan’s currency. “And the economy is expected to get even weaker.”Currency sell-offs were not limited to the yen in Asia. “The dollar is reclaiming its original status of a haven currency,” Matsunami said.
BloombergChina auto sales fell 92 percent during the first two weeks of this month in the wake of the COVID-19 outbreak. The situation is expected to improve in the third week of this month, Cui said in an interview yesterday. The numbers underscore the extent by which sales have been affected in the world’s largest auto market. ADDING TO A TRENDEven before the outbreak, auto sales in the country were heading for an unprecedented third straight annual decline because of a slowing economy and trade tensions. The Chinese Ministry of Commerce on Thursday said it would work with other government departments on more measures to stabilize auto sales and reduce the impact of the outbreak.
AFP, BEIJINGMore than 500 cases of COVID-19 have been detected in prisons across China, authorities said yesterday, prompting the sacking of a slew of officials. China’s Hubei Province said that 271 cases were reported by its prisons on Thursday, including 220 that had previously not been known to provincial authorities. Most of those cases were at the Wuhan Women’s Prison in the province’s capital, Chinese Bureau of Prison Administration Director He Ping (何平) told reporters. The warden of Wuhan Women’s Prison was removed for failing to prevent the outbreak, the Hubei Daily reported. IRANIran yesterday confirmed 13 new COVID-19 cases, two of whom have died, with the outbreak there coming just as the country votes in a parliamentary election.