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Taiwan News Morning Briefing - May 21

Independent candidate Ko Wen-je was cranking up his campaign for the Taipei City mayoralty with new recruitment and advertisement drives. Ko said Tues...
Nominees in the Best Mandarin Female Singer category (clockwise from top left): Penny Tai, Faith Yang, Jia Jia, Denise Ho and Tanya Chua.

Independent candidate Ko Wen-je was cranking up his campaign for the Taipei City mayoralty with new recruitment and advertisement drives. Ko said Tues...

Nominees in the Best Mandarin Female Singer category (clockwise from top left): Penny Tai, Faith Yang, Jia Jia, Denise Ho and Tanya Chua.

Market & Commodity ■ Taiwan stock market (TWSE) opened up 6.37 points, or 0.07 percent, on Wednesday's session at 8894.16, on turnover of NT$1.29 billion. ■ The weighted index on the Taiwan Stock Exchange slipped 12 points Tuesday, or 0.14 percent, to finish at 8887.79 after trading between 8,887.79 and 8,930.79 on turnover of 78.22 billion Taiwan dollars. ■ U.S. stocks finished lower on Tuesday after Staples, Urban Outfitters and other major retailers reported disappointing quarterly results. The selling spree wiped out small gains from a day earlier. The Dow Jones industrial average fell 137.55 points, or 0.8 percent, to 16,374.31. The Standard & Poor's 500 index dropped 12.25 points, or 0.7 percent, to 1,872.83. The Nasdaq composite slid 28.92 points, or 0.7 percent, to 4,096.89.(AP) World News ■ Thailand's powerful army declares martial law and deployed troops into the heart of Bangkok in a dramatic move it says is aimed at stabilizing the Southeast Asian country after six months of turbulent political unrest. The military insisted a coup d'etat was not underway. (AP) ■ China warns the United States is jeopardizing military ties by charging five Chinese officers with cyberspying and tries to turn the tables on Washington by calling it "the biggest attacker of China's cyberspace." (AP) ■ President Vladimir Putin meets with China's president in a diplomatic boost for the isolated Russian leader but the two sides have yet to agree on a widely anticipated multibillion-dollar natural gas sale. (AP) ■ India's president invites opposition Hindu nationalist party leader Narendra Modi to form a new government and sets next Monday as his swearing-in date. (AP) ■ General Motors Co said on Tuesday it is recalling another 2.6 million vehicles globally, raising the number of vehicles it has recalled so far this year to almost 15.4 million. (AP) Local News ■ The Legislative Yuan approved amendments to certain provisions of the House Tax Act on the third reading Tuesday. The lowest tax rate on non-owner occupied properties will be raised 0.3 percentage points from 1.2% to 1.5%. (Taiwan News) ■ The Financial Supervisory Commission (FSC) announced new target redemption forward contract (TRF) sales criteria Tuesday. Non-hedge TRF sales will be limited to accredited investors. A stop-loss threshold will be set to clearly specify that maximum loss cannot exceed a certain percentage of the notional amount. Substantive hedging demand documents must be provided in the case of hedging TRF. (Taiwan News) ■ Independent candidate Ko Wen-je was cranking up his campaign for the Taipei City mayoralty with new recruitment and advertisement drives. Ko said Tuesday that more than 100 people had volunteered for openings on his campaign team which he announced on May 16. (Taiwan News) ■ Speculation was mounting Tuesday that New Taipei City Mayor Eric Liluan Chu was close to announcing a decision he would not be seeking re-election but focus on a presidential bid instead. Chu has been seen as one of the contenders most likely to become the ruling Kuomintang’s presidential candidate in 2016. (Taiwan News) ■ The nominees for this year's Golden Melody Awards were announced Tuesday, with Singaporean singer-songwriter Tanya Chua hoping for her fourth Best Mandarin Female Singer win. (CNA) ■ Taiwan should have better fishing resource management as the Pacific bluefin tuna stock of over 3 years old has fallen to near record lows, the Greenpeace East Asia urged Tuesday. Taiwanese bluefin catches have increased, rising from 385 fish caught as of May 19, up 68 percent from 229 fish caught during the same period of last year. (CNA) ■ Vice Economics Minister Shen Jong-chin led a delegation to Vietnam Wednesday to assist Taiwanese businesses in seeking compensation for losses caused by recent anti-China riots in the Southeast Asian country. (CNA)


Updated : 2021-04-19 12:18 GMT+08:00