The two nations have agreed to establish a “Taiwan Representative Office” and “Somaliland Representative Office,” Wu told a news conference in Taipei, after Democratic Progressive Party Legislator Wang Ting-yu (王定宇) a day earlier shared a foreign media report that Somaliland President Muse Bihi Abdi has appointed a representative to Taiwan. While the exact dates for the offices’ launches are still to be negotiated, Taiwan has since Feb. 6 sent officials to Somaliland to make preparations, he said. Somaliland also has representative offices in 22 countries, he said, adding that Taiwan’s measure is no different from that of other countries. Both sides would appoint a senior diplomat and four officers for each new office, Wu said, but withheld the officials’ names. Establishing a representative office does not necessarily lead to establishing formal ties, he added.
Gogoro showcases its first electric bicycleBy Lisa Wang / Staff reporterGogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. “The electric bike market is much larger than that of electric scooters,” Luke said. In Germany, 1.8 million electric scooters were sold last year, but sales of electric bikes were two to three times that number, he said. Gogoro has packed all of the bike’s electric components — including a motor, battery and sensors — inside its rear hub. Gogoro said it does not plan to launch sharing services for its electric bikes in the short term.
HPA warns against passing up follow-up colonoscopyBy Lee I-chia / Staff reporterFailure to undergo a follow-up colonoscopy after testing positive in a colorectal cancer screening can increase the risk of death from colorectal cancer by 64 percent, the Health Promotion Administration (HPA) said yesterday. About 16,000 people were diagnosed with colorectal cancer in 2017, it said. The number of people who underwent a colonoscopy for diagnosis following a positive fecal occult blood test also fell by about 10 percent, as an estimated 10,000 people who tested positive did not undergo a colonoscopy, HPA data showed. Colorectal cancer usually does not show symptoms in its early stages, so regularly undergoing colorectal cancer screening is important for detecting early signs, Wu said. Among the about 500 possible colorectal cancer cases, about half might have only stage 0 or 1 colorectal cancer, which is highly curable and has a five-year survival rate of up to 95 percent, he said.
Taiwan opens office to aid Hong Kongers wanting outBy Chung Li-hua / Staff reporterThe Taiwan-Hong Kong Services and Exchanges Office yesterday officially began operations, marking a milestone in the government’s support for Hong Kongers in their pursuit for democracy and freedom, Mainland Affairs Council (MAC) Minister Chen Ming-tong (陳明通) said. The office is tasked with helping Hong Kongers who plan to study, work, invest, start a business or settle in Taiwan. Photo: Chen Chih-chu, Taipei TimesIt would also aid Hong Kongers whose security and freedom are at risk due to political factors on a case-by-case basis, as stipulated in Article 18 of the Act Governing Relations with Hong Kong and Macau (香港澳門關係條例). The office’s name plaque uses a font often seen on Hong Kong’s shop signs, showing the government’s expectation of fostering positive interactions with Hong Kongers, Chen said during the ceremony. The legislation would apply to people without permanent residency in Hong Kong if they are found to have committed crimes defined in the act outside Hong Kong, the article states.
KMT speaks out against security legislation for HKBy Sherry Hsiao / Staff reporterPassage of the Hong Kong national security legislation by China’s National People’s Congress Standing Committee is regrettable, the Chinese Nationalist Party (KMT) said in a statement yesterday. Passage of the legislation would inevitably add greater uncertainty to Hong Kong’s future, it added. Chinese Nationalist Party (KMT) Chairman Johnny Chiang speaks during a meeting of the party’s Central Standing Committee yesterday in Taipei. Photo: Chu Pei-hsiung, Taipei TimesThe “characteristics of Hong Kong’s development” and its residents’ “space for autonomy” should not be sacrificed just for political reasons, it said. Hong Kong’s legislative and judicial bodies should “firmly defend Hong Kong’s high degree of autonomy, [and] uphold the tradition of freedom,” it said.
TWSE changes Tatung to full-delivery stockBAD RAP: The exchange said Tatung had seriously breached shareholders’ rights and failed to give a satisfactory explanation of its board election disputeBy Kao Shih-ching / Staff reporterTatung Co (大同) shares yesterday plunged by the maximum daily limit of 10 percent to NT$18.90, the lowest in three months, after the Taiwan Stock Exchange (TWSE) on Tuesday evening changed the company’s classification to a full-delivery stock effective tomorrow. Under the exchange’s regulations, investors are not allowed to engage in margin trading of a full-delivery stock, TWSE spokeswoman Rebecca Chen (陳麗卿) told the Taipei Times by telephone. The punishment for Tatung reflects the exchange’s observation that it had seriously breached shareholders’ rights, she said. Vivian Tsai (蔡玉真), a Tatung shareholder and a media personality, led a group of 30 Tatung shareholders at a rally outside the Securities and Futures Bureau yesterday. The group was petitioning the Financial Supervisory Commission to order Tatung to hold a new board election.
Slow acceptance of 5G forecast: NCC officialsBy Shelley Shan / Staff reporterWhile the nation’s three main telecoms are launching 5G service this week, Taiwan is not going to see a large-scale migration from 4G to 5G, given the scarcity of smartphone models that can support the service, National Communications Commission (NCC) officials said yesterday. Photo: Wu Po-wei, Taipei TimesThe fees are the lowest in the world, compared with other nations where 5G service is available, NCC chief secretary Hsiao Chi-hung (蕭祈宏) said. A large-scale migration from the 4G to the 5G service would not happen until new 5G iPhones are launched, NCC officials said, adding that the estimation was made based on observations from the launch of 4G services. Meanwhile, an online poll by text messaging app Line on whether consumers would be motivated by the launch of 5G service to buy 5G smartphones found that more than 60 percent of respondents said they would not by a new phone to be able to access a 5G service. About 30 percent said they would consider changing their phones, and 10 percent said they would change their phones to access a 5G service.
Senhwa aims NT$1.5bn via 15 million sharesEXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss saidBy Kao Shih-ching / Staff reporterSenhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. The price of the new shares would depend on the firm’s average share price over the five days before the secondary offering, Chang said. As Senhwa Biosciences shares have stayed above NT$100 in the past few months, the company expects to raise at least NT$1.5 billion from the issuance of 15 million new shares, Chang said. Senhwa Biosciences shares advanced 9.96 percent to NT$139.5 in Taipei trading yesterday, after an international team led by researchers at the University of California, San Francisco, identified Silmitasertib as one of the several drugs that could disrupt the viral takeover of cells. The company’s shares have risen 120 percent from NT$63.5 in March, when the company began focusing on exploiting the experimental drug to treat COVID-19.
New envoy to US faces challenges in improving bilateral ties: academicBy Peng Wan-hsin and Dennis Xie / Staff reporter, with staff writerSeveral areas of Taiwan-US relations would require improvement after National Security Council member Hsiao Bi-khim (蕭美琴) takes over as representative to the US, an academic said yesterday, citing China’s continuous military intimidation of Taiwan. As the US is to hold its presidential election in November, Taiwan should strive to prevent any major shifts in bilateral relations in the event of a change in the US administration, Lai said. Taiwan-US relations could alter drastically in the near term in the face of multiple challenges and opportunities, such as economic problems caused by the COVID-19 pandemic and the changing US-China relations, Hsiao said on Facebook on June 18, two days after her appointment. Pressing matters that need to be handled include stalled progress on bilateral free-trade agreements and talks under the Trade and Investment Framework Agreement, observers have said. Taiwan’s ban on imports of US pork containing ractopamine and some beef products should also be addressed via practical means, they said.
DPP caucus defends Chen ChuFOR THE RECORD: DPP lawmakers touted Chen’s record as a human rights activist and rebutted claims that she was the subject of numerous impeachment probesBy Hsieh Chun-lin and Jake Chung / Staff reporter, with staff writerThe Democratic Progressive Party (DPP) caucus yesterday called on the Chinese Nationalist Party (KMT) to focus its efforts on legislative interpellation and stop slandering former Presidential Office secretary-general Chen Chu (陳菊), who has been nominated to head the Control Yuan. The KMT’s claims that during her tenure as Kaohsiung mayor, Chen and her team had been the subject of multiple impeachments issued by the Control Yuan are exaggerated, Chung said. DPP Legislator Kuan Bi-ling (管碧玲) said that nominating Chen to chair the National Human Rights Commission is the perfect arrangement in the history of Taiwan’s human rights development. According to the Organic Act of the Control Yuan National Human Rights Commission (監察院國家人權委員會組織法), the Control Yuan president should be appointed as chairperson of the commission. DPP Legislator Liu Shih-fang (劉世芳) commended Chen’s contributions to labor pension reform, support for gender equality, same-sex marriage and declassification of political files.
Minister blasts Taichung over fineBy Natasha Li / Staff reporterDeputy Minister of Economic Affairs Tseng Wen-sheng (曾文生) yesterday condemned the Taichung City Government for sanctioning Taiwan Power Co (Taipower, 台電) for restarting the No. 2 generator at the Taichung Power Plant. “The Taichung City Government has been on Taipower’s case since last year... Deputy Minister of Economic Affairs Tseng Wen-sheng, center, speaks at a news conference in Taipei yesterday. “Taichung has consumed an average of 31,500 gigawatt-hours last year, higher than the Taichung Power Plant’s annual output of 30,000 gigawatt-hours,” Hsu said.
Lin Kuo Wen-yen (林郭文艷) was re-elected as chairwoman of the household-appliance maker’s nine-member board, but prior to the vote she announced that several shareholders would not have voting rights. Tatung management won six director seats and three independent director seats, leaving minority shareholders led by Shanyuan Group (三圓建設) chairman Wang Kuang-hsiang (王光祥) empty-handed. It was the first time a publicly listed company in Taiwan has blocked shareholders’ voting rights. Tatung cannot use this as an excuse to take away shareholders’ voting rights,” Tsai said. “Disputes regarding voting rights should be part of a firm’s self-governance.
Cabinet needs gender balance: committee membersBy Sherry Hsiao / Staff reporterPresident Tsai Ing-wen (蔡英文) and Premier Su Tseng-chang (蘇貞昌) need to create a more gender-balanced Cabinet, several outgoing members of the Fourth Gender Equality Committee said yesterday. Members of the Fourth Gender Equality Committee hold placards at a news conference in Taipei yesterday urging the government to appoint more female Cabinet members. The Gender Equality Committee consists of 27 to 35 members, including the premier and vice premier, who serve as convener and deputy convener respectively. Committee members are appointed by the premier and can include up to nine professionals selected from among the public, and nine representatives from gender or women’s groups. A list of new committee members would be announced after Su approves it, he added.
Chunghwa Telecom debuts 5G serviceNOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenueBy Lisa Wang / Staff reporterChunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Chunghwa Telecom Co mobile business unit president Max Chen speaks at the company’s 5G launch event at the company’s headquarters in Taipei yesterday. Chunghwa Telecom plans to double the number of its 5G base stations to 4,000 by the end of this year, compared with 2,000 now, he said. Taiwan Mobile also plans to offer tailor-made 5G rate plans for mobile game players later this year, Lin said. Taiwan Mobile’s rate plans are similar to those of Chunghwa Telecom, with additional free high-speed broadband connection.
Financial firms call for rule changesBy Kao Shih-ching / Staff reporterLocal financial firms yesterday called on the Financial Supervisory Commission to deregulate rules on consumer identity authentication, know-your-customer (KYC) data sharing and financial technology sandbox trials, saying that it would help boost their business development in Taiwan. Financial Supervisory Commission officials, led by Chairman Thomas Huang, and representatives from 39 financial firms hold a meeting in New Taipei City yesterday. “The commission should let companies decide which method to use to ward off fraudsters. It is important for us to figure out how to share KYC data without breaching personal information protections,” Yuanta Financial chief digital development officer Kuo Mei-ling (郭美伶) said. Regarding sandbox experiments conducted together by financial firms and non-financial companies, financial firms must take full responsibility if there are accidents or fraud under the current regulations, which has prevented many firms from getting involved, CTBC Financial president Daniel Wu (吳一揆) said.
June 29, 2020 15:56 UTC