Taiwan News Morning Briefing – November 10

Former Vice President Vincent Siew on Sunday urged China to work with Taiwan in elevating their economic relations to a new level.

During a meeting

Former Vice President Vincent Siew on Sunday urged China to work with Taiwan in elevating their economic relations to a new level. During a meeting

The Taipei International Travel Fair set a new single-day attendance record Sunday, welcoming the largest crowds in its 28-year history as the rainy w

The Taipei International Travel Fair set a new single-day attendance record Sunday, welcoming the largest crowds in its 28-year history as the rainy w

More than half of Taiwan's employees feel tired at work, with mass communications and hospitality sectors the most heavily affected, according to the

More than half of Taiwan's employees feel tired at work, with mass communications and hospitality sectors the most heavily affected, according to the

Market & Commodity ■ Taiwan stock market (TWSE) opened up 37.21 points, or 0.42 percent, to 8949.83 on Monday, with turnover reaching NT$1.80 billion. (Taiwan News) ■ U.S. stocks ended the week with meager gains, sending major indexes further into record territory. The Labor Department said Friday that U.S. employers added 214,000 jobs in October. That was a solid number but still was less than what Wall Street was looking for. The Dow Jones industrial average gained 19.46 points, or 0.1 percent, to 17,573.93. The Standard & Poor's 500 index eked out a gain of 0.71 point to end at 2,031.92. The Nasdaq composite fell 5.94 points, or 0.1 percent, to 4,632.53. (AP) World News ■ Some 8,000 helium balloons have been released into the night sky over Germany's capital at the culmination of events to mark the 25th anniversary of the fall of the Berlin Wall, according to BBC. Earlier, Chancellor Angela Merkel said the fall of the wall had shown the world that dreams could come true. ■ East Ukraine's rebel stronghold Donetsk was pummeled on Sunday by the heaviest shelling in a month, and the OSCE said it spotted an armored column of troops without insignia in rebel territory that Kiev said proved Moscow had sent reinforcements, according to Reuters. ■ China says it has reached agreement with Japan to ramp up high-level contacts, the strongest indication yet of a possible meeting between Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe at next week's Asia-Pacific Economic Cooperation summit. China's Foreign Ministry said the two sides agreed to "gradually resume political, diplomatic and security dialogues." China froze high-level contacts more than two years ago amid a dispute over uninhabited East China Sea islands and other contentious issues. (AP) ■ A local governor in Japan gives final approval to restart a nuclear power plant in southern Japan, the first to resume operations in the country under new safety rules imposed in the wake of the 2011 Fukushima Dai-ichi meltdowns caused by an earthquake and tsunami. Kagoshima Gov. Yuichiro Ito said restarting two reactors at the Sendai Nuclear Power Station would go ahead despite concerns among some local residents. (AP) ■ BlackBerry, which has completed the first phase of its two-year turnaround plan, is now focused on profitability and will not spread itself thin by attempting to launch too many new devices, its chief executive said. Local News ■ The debate between the two major candidates for mayor of Taipei City did not provoke any major changes in their opinion poll standings, reports said Saturday. As far as voting intentions went, 40 percent of respondents said they would cast their ballot for Ko and 29 percent for Lien, a situation virtually unchanged from previous opinion polls. (Taiwan News) ■ KMT candidate for Taipei City Mayor Sean Lien disclosed in an interview Saturday at the campaign headquarters of KMT Taipei City Councilor Lee-fu Chung-wu that he would like to have a second televised debate with non-aligned candidate Ko Wen-je. At the same time, non-aligned Taipei mayoral candidate Ko Wen-je was slightly fazed following the conclusion of Friday night’s televised debate. Ko admitted that he had a bit of first-time jitters and was thrown off by the questions posed by the civic groups invited to the debate by Sean Lien’s camp. (Taiwan News) ■ Representatives of civic groups taking part in Friday’s debate between the two major candidates for mayor of Taipei City were criticized Saturday for being too partisan. Opposition candidate Ko Wen-je’s debate with Kuomintang contender Sean Lien about the November 29 election was broadcast over two hours Friday evening and included a section where representatives of six civic groups each asked a question to the candidates. (Taiwan News) ■ Former ROC Vice President Vincent Siew and Chinese President Xi Jinping met at 3:00pm Sunday on the sidelines of the Asia Pacific Economic Cooperation (APEC) forum now underway in Beijing. Siew is standing in for President Ma Ying-jeou in leading a delegation of political and business figures from Taiwan to the annual gathering of regional leaders. (Taiwan News) ■ Movie director Doze Niu said Saturday he would not appeal against a suspended prison sentence and a fine he incurred for helping a Chinese national entering a Taiwanese naval base. On Friday, the Kaohsiung District Court gave him a suspended five-month prison sentence or a fine of NT$150,000 (US$4,900), while also demanding he pay NT$600,000 (US$19,500) into government coffers and perform 60 hours of community service. (Taiwan News) ■ The random hiking of wages will only fuel more inflation, Formosa Plastics Group Chairman Wang Wen-yuan said Saturday. (Taiwan News) ■ As far as voting intentions went, 40 percent of respondents said they would cast their ballot for Ko and 29 percent for Lien, a situation virtually unchanged from previous opinion polls. (Taiwan News) ■ Taiwan's TV panel makers AU Optronics Corp. (AUO) and Innolux Corp. both reported mixed sales data for October, but market analysts said Saturday that they remained upbeat about the companies' fourth quarter earnings outlook due to solid demand for the screens. In the third quarter, AUO's earnings per share (EPS) stood at NT$0.76, up from NT$0.42 recorded a quarter earlier. Its latest quarterly EPS surpassed an earlier market estimate of NT$0.5 to NT$0.6. Innolux's EPS for the third quarter rose to NT$0.77 and more than doubled from NT$0.33 recorded a quarter earlier. (CNA) ■ Taiwan's state-run oil company CPC Corp. said Sunday it has begun a trial operation for self-service gas stations in select areas of the country in light of the rising labor costs and lack of part-time workers. Three to four of such credit card-only gas stations are being set up in Yilan County, Miaoli County and Keelung City, and the company intends to raise the number gradually, based on consumer acceptance, a CPC Corp. executive said. (CNA) ■ China supports efforts to speedily conclude ongoing negotiations with Taiwan over a trade-in-goods agreement, but is concerned about uncertainties created by Taiwan's Legislature, Taiwan's Ministry of Economic Affairs Duh Tyzz-jiun said Saturday. (CNA)