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Taiwan News Morning Briefing – January 9

 The recent flare-up over a New Year's Day flag-raising ceremony held by Taiwan at Twin Oaks Estate in Washington D.C. was an isolated incident that w...
Food safety is the biggest anxiety for U.S. businesspeople living in Taiwan, according to an annual survey released Thursday by the American Chamber o...

The recent flare-up over a New Year's Day flag-raising ceremony held by Taiwan at Twin Oaks Estate in Washington D.C. was an isolated incident that w...

Food safety is the biggest anxiety for U.S. businesspeople living in Taiwan, according to an annual survey released Thursday by the American Chamber o...

Market & Commodity ■ The Taiwan Stock Exchange’s (TWSE) main index opened 23.64 points higher to 9,261.67 on Friday, with turnover reaching NT$2.57 billion. (Taiwan News) ■ U.S stock markets surged for a second day on Thursday, pushing major indexes back into positive territory for the year. Stocks rose on speculation that the world's central banks will continue their policies to bolster economic growth. The Dow Jones industrial average rose 323.35 points, or 1.8 percent, to 17,907.87. The Standard & Poor's 500 index rose 36.24 points, or 1.8 percent, to 2,062.14. The Nasdaq composite rose 85.72 points, or 1.8 percent, to 4,736.19. (AP) World News ■ Police SWAT teams backed by helicopters tracked two heavily armed brothers with al-Qaida sympathies suspected in the newsroom massacre of a satirical French weekly that spoofed Islam, homing in Thursday on a region north of Paris as the nation mourned the dozen slain. (AP) ■ Samsung Electronics Co. says its annual profit fell for the first time in three years as its smartphone growth lost steam. The company's 2014 operating profit is expected to be about 24.9 trillion won ($22.6 billion), down 32 percent from 2013, based on preliminary figures. (AP) ■ Voting is largely peaceful in Sri Lanka's presidential election despite several incidents in which people were prevented from casting ballots, monitors said, in a closely contested poll that pit incumbent Mahinda Rajapaksa against an ally who defected from the ruling party. According to a report by Reuters, Sri Lanka incumbent President Rajapaksa conceded defeat in election. (AP) ■ Strong currents and blinding silt thwart divers' attempts to find AirAsia Flight 8501's black boxes, which are believed to still be in the recently discovered tail of the crashed plane. The recorders are crucial in determining what caused the jet carrying 162 passengers and crew to crash on Dec. 28. (AP) Local News ■ The Taipei District Court on Thursday rejected a request by creditor banks of Ting Hsin International to seize company assets worth NT$1 billion (US$31 million), reports said. A syndicate led by Mega International Commercial Bank wanted the troubled company to repay a syndicated loan of NT$6.5 billion (US$203 million) for a plot of land in Sanchung, New Taipei City. (Taiwan News) ■ The American Institute in Taiwan (AIT), the de facto US Embassy in Taipei in the absence of formal diplomatic relations, released a strongly-worded statement Thursday regarding Taiwan’s action in holding a flag-raising ceremony January 1 at Twin Oaks, the residence of the de facto ROC representative in Washington. (Taiwan News) ■ The rejection of the Ministry of Transportation and Communications’ (MOTC) proposal for a fiscal restructuring Taiwan High-speed Rail (HSR) by the KMT legislative caucus Wednesday is being seen as the first salvo in a movement by ruling party legislators to “go their own way" following the party’s dismal showing in the 9-ini-1 elections. (Taiwan News) ■ 17 suspects were brought to the Taipei District Court Wednesday afternoon for a hearing in the slaying of a Xinyi District police officer September 14. 13 of the 17 including Cheng Wei-hao and his girlfriend Liu Hsin-tung were granted bail in the case while four others including Hsiao Jui-hung were denied bail and ordered held incommunicado awaiting trial (Taiwan News) ■ Taipei Mayor Ko Wen-je spoke out Wednesday on the central government’s handling of the release of former President Chen Shui-bian on medical parole. Appearing on a cable news talk show, Ko said he believes the administration did not give enough thought to Chen’s release, comparing the former president’s case to nuclear fuel. (Taiwan News) ■ The chief of Taipei Police Department's Xinyi Precinct who was thrust into the limelight on Dec. 25 when newly elected Mayor Ko Wen-je warned of replacing him if any followers of Falun Gong were beaten up in the district has applied for retirement. (CNA) ■ Over 80 percent of American businesses in Taiwan say they support the government's intention to join the proposed Trans-Pacific Partnership (TPP) trade agreement to enhance Taiwan's growth prospects, according to a survey released Thursday. (CNA)


Updated : 2021-09-24 20:28 GMT+08:00