Crypto exchange giants stop taking China users
Crypto exchange giants stop taking China usersBloombergTwo of the world’s largest bitcoin exchanges have halted new registrations for Chinese users, taking one of the first actions to comply with Beijing’s latest cryptocurrency ban. New sign-ups are still available for Hong Kong users on both platforms, but mainland China is no longer an option for new-account creation. Friday’s notice specifically called out offshore exchanges targeting Chinese users, banning them from hiring locally for roles from marketing to payment settlement and tech. Still, Chinese users have been able to access their services including over-the-counter trading and crypto-to-crypto transactions. In June, Huobi banned Chinese users from trading riskier products such as derivatives, after China’s Cabinet called for a renewed clampdown on crypto trading and mining.
Source:Taipei Times
September 26, 2021 15:56 UTC
Afghan fighters seek glory on windblown Kabul field
Afghan fighters seek glory on windblown Kabul fieldAFP, KABULEvery weekend, fighters from around Afghanistan gather on a public field in the capital to pit their skills against each other in a sport that is a mix of judo and wrestling. “I have been fighting for 17 years,” said Mohammad Atef, a well-built 31-year-old from Samangan Province in northern Afghanistan, after disposing of his opponent with an expert throw. “It is popular in Samangan, Kunduz, Baghlan — and there are many famous wrestlers in Sheberghan, too.”Fighters from across Afghanistan exhibit their judo and wrestling skills at Chaman-e-Huzuri Park in downtown Kabul on Friday. “Today, my competitor was from Kunduz,” Atef said after disposing of his rival with an acrobatic throw. Hekmat, a 21-year-old also from Samangan, is just starting his career and was beaming after his first victory of the weekend.
Source:Taipei Times
September 26, 2021 15:56 UTC
Vendors say four people won NT$10m in lottery
Vendors say four people won NT$10m in lotteryStaff writer, with CNAFour uniform invoices issued in July and last month had the winning serial number drawn on Saturday in the bimonthly lottery for the top prize of NT$10 million (US$360,607), according to the vendors that issued the invoices. The winning number for the NT$10 million special prize drawn in the July-August uniform lottery is 52604932, the Ministry of Finance said. The ministry releases details about the winning special and grand prize invoices about one week after the lottery is drawn. In the latest lottery draw, the ministry added 100,000 new NT$800 prizes, in addition to 30 NT$1 million prizes, 16,000 NT$2,000 prizes, and 1 million NT$500 prizes. People can verify the winning numbers on mobile phone apps they use for digitally stored invoices, or on the government’s E-Invoice Web site from tomorrow.
Source:Taipei Times
September 26, 2021 15:56 UTC
Repatriation plans reach NT$355.96bn
As of Sept. 14, the ministry had approved about NT$301.7 billion in repatriated overseas funds, including NT$180 billion from for-profit enterprises and NT$121.7 billion from individuals, the ministry said in a statement. “As the approval of repatriation applications takes time, and the repatriation and investment undergo certain procedures, the repatriation and investment amounts will likely continue to increase,” the ministry said. “However, with full cooperation between the Ministry of Finance, the Ministry of Economic Affairs, the Financial Supervisory Commission and the central bank, the results of implementing the overseas funds repatriation law are in line with expectations and inject energy into the domestic economy,” it said. Apart from the repatriation law, the return of Taiwanese manufacturers and policy efforts to facilitate domestic investment have also reignited Taiwan’s economy over the past two years, government officials and economists have said. The investments are expected to create 113,775 jobs, the ministry said in a statement on Friday, after it had approved the plans of four more companies.
Source:Taipei Times
September 26, 2021 15:56 UTC
Intel breaks ground on US$20bn plants in chip turnaround
Intel breaks ground on US$20bn plants in chip turnaroundReutersIntel Corp on Friday broke ground on two new factories in Arizona as part of its turnaround plan to become a major manufacturer of chips for outside customers. The US$20 billion plants — dubbed Fab 52 and Fab 62 — would bring the total number of Intel factories at its campus in Chandler, Arizona, to six. Photo: ReutersThe new Arizona plants would also be the first Intel has built from the ground up with space reserved for outside customers. Intel rival TSMC has also purchased land to build its first US campus in Phoenix, not far from Intel’s location, where TSMC plans up to six chip factories. Gelsinger said that Intel plans to announce another US campus site before the end of the year that would eventually hold eight chip factories.
Source:Taipei Times
September 26, 2021 15:56 UTC
Musk reassures Beijing at China tech conference
Musk reassures Beijing at China tech conferenceBloombergTesla Inc chief executive officer Elon Musk yesterday spoke at the opening of China’s World Internet Conference, reassuring Beijing about his company’s commitment to invest and expand in the country against a backdrop of unprecedented economic turbulence. Alibaba Group CEO Daniel Zhang speaks at the World Internet Conference in Wuzhen, China, on Nov. 23 last year. “At Tesla, we are glad to see a number of laws and regulations that have been released to strengthen data management,” Musk said by videoconference. This collaborative international tone was in contrast to the great domestic upheaval for China’s Internet firms. Tesla, Intel and Qualcomm are among a handful of US companies with ambitions to expand their business in China.
Source:Taipei Times
September 26, 2021 15:56 UTC
Consumer confidence recovering
The poll showed that 25.6 percent of respondents expected the job market to improve, up from 23.5 percent last month. However, 33.6 percent of respondents expected the job market to worsen, down from 39.3 percent last month, it showed. Nearly 80 percent said that prices of consumer goods appear to have increased, and 75 percent said they expect the trend to continue over the next six months, the survey showed. On average, respondents expected a 2.05 percent consumer goods price increase this year, compared with an average increase of 2.03 percent expected last month, the survey showed. The government’s latest consumer price index forecast predicted a 1.74 percent upswing this year.
Source:Taipei Times
September 26, 2021 15:56 UTC
Draft bill sets schedule for defense enhancement
Draft bill sets schedule for defense enhancementBOOSTING DEFENSE: With the production of most new equipment ready to start, the Chungshan Institute of Science and Technology expects a revenue surge next yearBy Lo Tien-pin and Jonathan Chin / Staff reporter, with staff writerThe Executive Yuan on Friday revealed the schedule for Taiwan’s indigenous missile and warship production. The schedule is part of a draft bill on the nation’s sea and air combat power enhancement program that the Cabinet submitted to the legislature. Visitors look at a Hsiung Feng III anti-ship missile displayed at the Kaohsiung Exhibition Center on Sep. 27, 2018. The Hsiung Feng I and Hsiung Feng II missiles’ coastal defense variants and their dedicated road-based mobile launch vehicles would be produced from next year to 2026, the bill said. The Hsiung Feng III missile would be produced from 2023 to 2026, it said.
Source:Taipei Times
September 26, 2021 15:56 UTC
CECC reports eight imported, zero local cases
CECC reports eight imported, zero local casesON ALERT: The CECC still needs to see how travel during the Mid-Autumn Festival affected the virus situation, but it plans to reveal eased rules todayBy Lee I-chia / Staff reporterThe Central Epidemic Command Center (CECC) yesterday reported eight imported COVID-19 cases, but no local cases or deaths. Six of the imported cases are students from Myanmar, while the other two are from Indonesia and the United Arab Emirates, said Minister of Health and Welfare Chen Shih-chung (陳時中), who heads the center. There have been no new local COVID-19 cases for four of the past six days, which is a good sign, he said, adding that community spread of the virus has been steadily brought under control. Minister of Health and Welfare Chen Shih-chung attends the daily briefing at the Central Epidemic Command Center in Taipei yesterday. To date, Taiwan has confirmed 16,189 COVID-19 cases, of which 14,415 were domestic infections reported from May 15, when the country first recorded more than 100 cases in a single day.
Source:Taipei Times
September 26, 2021 15:56 UTC
Central Bank working to avoid manipulator label
Central Bank working to avoid manipulator labelBy Crystal Hsu / Staff reporterThe central bank would continue communicating with the US to avoid being labeled a currency manipulator next month when the US Department of the Treasury renews its list, the bank said on Thursday. Central bank Governor Yang Chin-long speaks at a meeting of the legislature’s Finance Committee in Taipei on March 11. Photo: CNAThe US understood that the COVID-19 pandemic and major central banks’ money-printing programs helped account for the imbalances, Yang said. Strong exports inflate Taiwan’s current account and propel hot money to the local exchange market, Yang said. One way to address trade imbalances is for Taiwan to stop selling chips, but the US and the world need them, Yang added.
Source:Taipei Times
September 26, 2021 15:56 UTC
Fuel prices remain steady despite a rise in oil prices
Fuel prices remain steady despite a rise in oil pricesBy Chen Cheng-hui / Staff reporterCPC Corp, Taiwan (CPC, 台灣中油) yesterday said that its gasoline and diesel prices would remain unchanged from last week, a move echoed by the privately run Formosa Petrochemical Corp (台塑石化). The firms last week raised gasoline prices by NT$0.1 per liter, while lowering diesel prices by NT$0.1 per liter. Prices at CPC stations would remain at 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 remain at NT$25.3 per liter, CPC said in a statement. While its gasoline and diesel prices could have increased by NT$0.6 and NT$1.5 per liter respectively this week based on its floating oil price formula, CPC said that it would absorb the cost increase to comply with government policy. Formosa said that it was leaving the prices of its 92, 95 and 98-octane unleaded gasoline unchanged at NT$28.2, NT$29.6 and NT$31.7 per liter for this week respectively, while the price of premium diesel would remain at NT$25.1 per liter.
Source:Taipei Times
September 26, 2021 15:56 UTC
Hon Hai to add 20 ‘lighthouse’ factories
Hon Hai to add 20 ‘lighthouse’ factoriesMANUFACTURING EVOLVED: The WEF last year recognized 11 Hon Hai sites in China as lighthouse factories, while this year it hopes to add ones in Taiwan and Vietnam, it saidStaff writer, with CNAHon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, plans to add 20 “lighthouse” factories this year to expand into smart manufacturing. In a virtual SEMICON Taiwan forum on Friday, Hon Hai chief information officer Michael Kung (龔培元) said that lighthouse factories have become a leading indicator of smart manufacturing. In addition to plants in China, Hon Hai has listed sites in Taiwan and Vietnam as potential lighthouse factories, Kung said. Upgrading production sites into recognized lighthouse factories has improved efficiency, lowered inventories and reduced labor costs, Kung said. Hon Hai has provided its subsidiaries a standardized production management platform and the necessary technologies to upgrade their plants into lighthouse factories, he said.
Source:Taipei Times
September 26, 2021 15:56 UTC
Time is ripe for CPTPP bid: ministry
Time is ripe for CPTPP bid: ministryBy Chen Cheng-hui / Staff reporterThe Ministry of Economic Affairs said that now is the best time for Taiwan to apply to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), after the nation on Wednesday submitted its application to New Zealand, the legal depositary for the 11-member trade bloc. In a written report to the Legislative Yuan, the ministry said that it is scheduled to brief lawmakers on the impacts of joining the CPTPP on Taiwan’s industries at a meeting of the legislature’s Economics Committee today. The ministry is also expected to brief lawmakers about the government’s contingency plans for local industries in preparation for a potential accession to the CPTPP, the Central News Agency (CNA) reported yesterday. The ministry said in the report that Taiwan’s importance in global supply chains is increasing, and being a member of the CPTPP could further consolidate Taiwan’s position in supply chains in the Asia-Pacific region. Additionally, the 11 CPTPP members have close trade relations with Taiwan, as they together accounted for about 24.3 percent of Taiwan’s trade last year, the ministry said.
Source:Taipei Times
September 26, 2021 15:56 UTC
Exhibition in Taipei spotlights ‘genocide’ in Tibet
Exhibition in Taipei spotlights ‘genocide’ in TibetBy Chen Yu-fu / Staff reporterAn exhibition on Tibet opened at a bookstore in central Taipei yesterday, highlighting human rights abuses by the Chinese Communist Party in the region. Tung, who is a member of the Students for a Free Tibet-Taiwan, said that China systematically oppresses Tibetans and denies them access to education about their own language and culture. Tung Ching-jung stands in front of her portrait of the Dalai Lama at the independent bookstore To-uat Books in Taipei yesterday at an exhibition on Tibet that runs until Oct. 9. China’s oppression of Tibetans is based on destroying their culture and closing local schools in which students can learn about their own background, he said. Tibetans have been imprisoned for speaking their language or beaten to death for having a photograph of the Dalai Lama on their mobile phone, he said, calling the measures “genocide.”The exhibition, hosted by the Human Rights Network for Tibet and Taiwan, and Students for a Free Tibet-Taiwan, is to run until Oct. 9.
Source:Taipei Times
September 26, 2021 15:56 UTC
Kim’s sister warming to ending Korean hostilities
Kim’s sister warming to ending Korean hostilitiesBloombergKim Yo-jong, the influential sister of North Korean leader Kim Jong-un, reached out to South Korea for a second time in recent days, saying Pyongyang would consider taking part in another inter-Korean summit and declaring an end to the war if Seoul adopts a less hostile policy. Kim Yo Jong, sister of North Korean leader Kim Jong Un, attends a wreath-laying ceremony at Ho Chi Minh Mausoleum in Hanoi, Vietnam, on March 2, 2019. North Korea also did not answer an inter-Korean hotline call earlier last month in protest against the military drills. The move put major Chinese cities under South Korea’s range and increases Seoul’s ability to strike North Korea. Resuming inter-Korean talks could influence Moon — a long-time proponent of reconciliation — to prioritize the high-stakes negotiations rather than military modernization.
Source:Taipei Times
September 26, 2021 15:56 UTC