Taiwan News Morning Briefing – October 7

A Thai worker jailed in Taiwan has won a prize in a cartoon competition organized by the National Immigration Agency.

The Thai, who goes by the ali...

A Thai worker jailed in Taiwan has won a prize in a cartoon competition organized by the National Immigration Agency. The Thai, who goes by the ali...

Market & Commodity ■ Taiwan stock market (TWSE) opened 29.47 points lower to 9065.67 on Tuesday, with turnover reaching NT$1.64 billion. (Taiwan News) ■ U.S. stocks ended slightly lower on Monday. The Dow Jones industrial average lost 17.78 points, or 0.1 percent, to 16,991.91. The Standard & Poor's 500 index dropped 3.08 points, or 0.2 percent, to 1,964.82. The Nasdaq composite fell 20.82 points, or 0.5 percent, to 4,454.80. (AP) World News ■ Student-led protests for democratic reforms in Hong Kong shrink but a few hundred demonstrators remain camped out in the streets, vowing to keep up the pressure until the government responds to their demands. Schools reopened and civil servants returned to work after protesters cleared the area outside the city's government headquarters, a focal point of the demonstrations that started the previous weekend. (AP) ■ The World Bank trims this year's growth forecast for developing East Asian economies and urges governments to improve conditions for investment and exports. Economies in the region that includes China and Southeast Asia should grow by 6.9 percent, the Washington-based bank said. (AP) ■ A powerful typhoon that washed three American airmen in Okinawa out to sea, killing at least one, slams central Japan, stalling trains and flights and triggering mudslides, before swerving to the Pacific Ocean. (AP) ■ Thailand's military appoints a 250-member advisory group dominated by people close to the traditional ruling elite to help write a new national constitution. (AP) ■ Tens of thousands of villagers flee their homes in Kashmir as Indian and Pakistani troops bombard each other with gunfire and mortar shells over the border separating the Pakistani and Indian-controlled portions of the disputed region. At least nine civilians were killed. (AP) ■ NATO's new secretary general, Jens Stoltenberg, is in Poland on his first foreign trip since starting the job last week, a visit meant to reassure a nervous ally on the alliance's eastern flank. Speaking in Warsaw alongside the Polish President, Stoltenberg on Monday stressed that NATO would protect and defend each of its allies. (AP) Local News ■ Huang Guan-tarn, the superintendent of National Taiwan University Hospital (NTUH), told legislators Monday that there are no problems with the MG149 account used by doctors and nurses in the hospital and NTUH has full documentation to support his statement. Legislator Luo Shu-lei once more was on point as the KMT continued to level accusations that the that there were ‘problems’ with the account, which Taipei City mayoral candidate Ko Wen-je says was used primarily to help medical personnel in the hospital carry out research. (Taiwan News) ■ TSU general convener Lai Chen-chang and Taipei City Council candidate Chien Sheng-che led a Monday morning press conference in which they hinted at inside trading on the part of a business associate of Taipei mayoral candidate Sean Lien. (Taiwan News) ■ The four-day 40th Taipei International Electronics Show (Taitronics) kicked off on Monday at Nangang Exhibition Hall, with over 500 exhibitors in 1,200 booths including Chunghua Telecom, Shihlin Electric and others among Taiwan’s biggest names in the electronics industry. (Taiwan News) ■ Leading smartphone camera lens module maker Largan Precision (3008) posted a consolidated revenue of NT$4.62 billion (US$153 million) in September for a monthly growth rate of 17% and an impressive annual growth rate of 74%, marking the firm’s sixth consecutive month of record highs thanks to increasing shipments of high-resolution lens modules. (Taiwan News) ■ As the market is paying attention to whether the fourth round of securities market stimulus plan to be rolled out this week, FSC Chairman Tseng Ming-chung stated that the authorities will closely watch the market at the beginning of this week to finalize the plan by the end of the week. The plan will be nailed down based on the market turnover, foreign investors’ attitude, and the net outflow of foreign capital, according to Tseng. (Taiwan News) ■ After waiting in vain to purchase submarines from the U.S., Taiwan has begun preparing to build vessels on its own, Taiwan's Deputy Defense Minister Chiu Kuo-cheng said here Monday. Chiu, who led a Taipei delegation to the U.S.-Taiwan Defense Industry Conference 2014, said that in addition to acquiring submarines from abroad, Taiwan is aggressively developing defensive weapons on its own and was preparing to build its own submarines. (CNA) ■ The Construction and Planning Agency said Monday that Taiwan's for-rent-only social housing account for less than 1 percent of the country's total homes, far short of a 5 percent target demanded by a recent protest against Taiwan's housing policy. (CNA) ■ The Legislature's Economics Committee approved on Monday a government proposal to offer Taiwan's small- and medium-sized enterprises (SMEs) tax breaks if they raise the wages of their lower-paid employees. (CNA) ■ Taiwan's CPI rose 0.73 percent annually in September but was down 0.03 percent from a month earlier, government statistics showed Tuesday. During the first nine months of this year, the CPI increased 1.32 percent from the year-earlier level, according to Directorate General of Budget, Accounting and Statistics. (CNA)

Updated : 2021-04-17 17:12 GMT+08:00