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Taiwan News Morning Briefing – July 29

Microsoft Corp. announced Monday that Taiwanese consumers will need to wait for only one more month before the newest iteration of its first foray int...

Microsoft Corp. announced Monday that Taiwanese consumers will need to wait for only one more month before the newest iteration of its first foray int...

Market & Commodity ■ Taiwan stock market (TWSE) climbed 48 points, or 0.52 percent, to 9,468.98 in Tuesday’s early trading session, with turnover reaching NT$3.56 billion. ■ U.S. stocks ended little changed on Monday as traders wait for key economic and earnings reports later this week. The Standard & Poor's 500 index rose less than a point to close at 1,978. The Dow Jones industrial average edged up 22 points to 16,982. The Nasdaq fell. The tech-heavy index dropped four points to 4,444. (AP) World News ■ Hamas and Israel blamed each other for an explosion at a Gaza park Monday that killed at least 10 Palestinians -- including nine children playing on a swing -- in a horrific scene that underscored the heavy price civilians are paying in the conflict. Israel's military said rockets misfired by Gaza militants were responsible, while Gaza officials blamed Israeli airstrikes. (AP) ■ Japan's top government spokesman says the country is stepping up sanctions against Russia over the unrest in Ukraine. The sanctions include the freezing of assets held in Japan by individuals and groups supporting the separation of Crimea from Ukraine, as well as a ban on Crimean imports, Chief Cabinet Secretary Yoshihide Suga said. (AP) ■ An international police team fails to reach the crash site of a Malaysian Airlines plane for a second day running as clashes rage in a town on the road to the area. A delegation of Australian and Dutch police and forensic experts stop in Shakhtarsk, a town around 20 miles (30 kilometers) from the fields where the aircraft was downed. The downing of Malaysia Airlines Flight 17 may be a war crime, U.N. High Commissioner for Human Rights Navi Pillay says. (AP) ■ Abu Sayyaf gunmen attack Filipino civilians traveling to celebrate the end of Ramadan with their families, killing 19, including five children, in a brazen road attack that is the bloodiest in recent years by the violent militant group, police and military officials say. (AP) Local News ■ The National Conference on the Economy and Trade drew to a close Monday with an address by President Ma Ying-jeou. Ma implored attendees at the event to take an active role in Taiwan’s future, saying, "I strongly hope that everyone in the community will study these life-and-death problems facing Taiwan in the areas of trade and the economy. (Taiwan News) ■ When the former head of ROC’s military delegation to the US, Major General Li Hsien-sheng, returned to Taiwan in March of this year, he underwent a polygraph examination in accordance with standard practice of the Ministry of National Defense (MND). Li failed to pass the polygraph test, allegedly in relation to questions dealing with improper contacts while overseas. As a result the MND barred Li from entering the US and replaced him with Rear Admiral Yang Ta-wei earlier this month. (Taiwan News) ■ The three-day National Trade and Economic Affairs Conference in Taipei City ended on Monday, and National Development Council Minister Kuan Chung-ming announced the achievements made on this conference, including issuing cross-strait risk assessment reports on an annual basis, speeding up the completion of legalizing cross-strait agreement supervision, and establishing a mechanism of assessing China’s political and economic influence in Taiwan. The conference ended with a wrap-up report on Taiwan’s strategy to join RTAs and cross-strait economic and trade cooperation delivered by Kuan. (Taiwan News) ■ The TSU announced in a press conference Monday morning that during the upcoming Second Special Session of the Legislative Yuan it will work to help pass priority bills such as amendments to the Election and Recall Law which will allow non-party members to monitor vote counting in elections. In other matters such as approving the nominees for the next Control Yuan and the Free Economic Pilot Zone (FEPZ) bill, the party said there is less urgency involved and it will consider whether or not to lend its support to relevant legislation. (Taiwan News) ■ In order to encourage entrepreneurship, Taipei City Government’s Department of Economic Development stated, investors can apply for an entrepreneurship grant from the Department of Economic Development within one year of registering a new investment. The amount of the grant will be no more than 50% of the total cost of the project up to NT$1 million. (Taiwan News) ■ The latest statistics indicate that Innolux was second in worldwide market share of display panels over 9.1 inches and Ultra HD television panels in Q2, surpassing Samsung and second only to LG Display. Institutional investors point out, Innolux is an integral part of Hon Hai’s panel strategy. The progress made in Q2 market share of large display panels and Ultra HD television panels is a large step towards Hon Hai achieving its goal of becoming the world’s second largest panel manufacturer. (CNA) ■ Taiwan's economy continued its momentum in June with a government indicator of business activity flashing a green light for the fifth consecutive month, signaling steady growth, the National Development Council said Monday. The streak is the longest since the light flashed green from March to July 2011. (CNA) ■ Taiwan's agriculture sector has suffered NT$594.9 million (US$19.73 million) in losses as of 5 p.m. Monday from the battering the island took from Typhoon Matmo on July 22, according to the latest Council of Agriculture figures. (CNA) ■ In the second quarter, Innolux posted about NT$3 billion (US$100 million) in net profit, a jump from the NT$153 million net profit seen in the first quarter. Its second quarter earnings per share stood at NT$0.33, compared with NT$0.02 registered in the previous quarter. (CNA)


Updated : 2021-05-07 15:05 GMT+08:00