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Taiwan News Morning Briefing – January 22

The Ministry of Labor is investigating the alleged employment of foreign laborers at a plant of the Formosa Plastics Group in Yunlin, with the results...
Taiwan News Morning Briefing – January 22

The Ministry of Labor is investigating the alleged employment of foreign laborers at a plant of the Formosa Plastics Group in Yunlin, with the results...

Market & Commodity ■ The Taiwan Stock Exchange’s (TWSE) main index opened 20.06 points higher to 9,339.77 on Thursday, with turnover reaching NT$2.00 billion. (Taiwan News) ■ U.S. stock market ended higher Wednesday. The S&P 500 rose 9.57 points, or 0.5 percent, to close at 2,032.12. It was third straight day of gains for the index, a first in the new year. The Dow Jones industrial average climbed 39.05 points, or 0.2 percent, to 17,554.28. The Nasdaq gained 12.58 points, or 0.3 percent, to 4,667.42. World News ■ Iraq's prime minister appeals to the U.S.-led coalition and the international community to do more to help his country win the war against the Islamic State group, telling The Associated Press ahead of his travels to London and Davos that the assistance pledged so far falls short of the nation's urgent and dramatic needs. (AP) ■ Shanghai announces it fired four top officials and disciplined seven others over a New Year's Eve stampede that killed 36 people, saying some of the officials were attending an opulent banquet as the disaster unfolded. (AP) ■ One is a freelance journalist respected for his reporting on refugees and children in war-torn areas. The other is man who seems obsessed with guns and went to Syria to train with Islamic militants. Despite their differing backgrounds and passions, their paths had crossed before. Now, the Islamic State group is threatening to kill them if their government fails to pay a $200 million ransom. (AP) ■ Japan's central bank says it expects the world's third largest economy to rebound in the coming fiscal year after contracting 0.5 percent this fiscal year, in an upbeat assessment that scuttled hopes for fresh stimulus. (AP) ■ Japan is doing all it can to free two hostages the Islamic State group is threatening to kill within 72 hours, Prime Minister Shinzo Abe says, vowing never to give in to terrorism. (AP) Local News ■ Prosecutors were questioning 13 military officers and business people in a corruption scandal related to the procurement of parts for tanks, reports said Wednesday. The New Taipei District Prosecutors Office mobilized the Ministry of Justice’s Agency Against Corruption and the Banqiao District military police to raid 17 sites across the country, including military installations in Taipei’s Nangang District and Nantou County, and the naval base at Zuoying in Kaohsiung, reports said. (Taiwan News) ■ The Kuomintang failed to reach a decision about its legal case against Legislative Speaker Wang Jin-pyng Wednesday despite a petition from more than 20 Central Standing Committee members to end the dispute. (Taiwan News) ■ Chairman Wang Yu-chi of the Mainland Affairs Council (MAC) confirmed Wednesday morning that his next meeting with his counterpart, Director Zhang Zhijun of China's Taiwan Affairs Office (TAO), will take place in Kinmen in February. (Taiwan News) ■ At his first Central Standing Committee meeting since his inauguration, Kuomintang Chairman Eric Liluan Chu said a taskforce would look into the controversial issue of the party’s assets. (Taiwan News) ■ Taipei Mayor Ko Wen-je revealed Wednesday morning that he is evaluating the cost and effectiveness of continuing free wireless Internet service in the city. Ko explained that if you look at the speed of transmission involved in a Wi-Fi net, providing citywide Wi-Fi coverage does not make a lot of sense. (Taiwan News) ■ Taipei City Mayor Ko Wen-je met with Farglory Group Chairman Chao Teng-hsiung Wednesday evening to discuss the controversial issue of the Taipei Dome. The building contract of the Taipei Dome, a multi-use stadium under construction, will be altered through negotiations, Lin Ho-ming, a spokesman for the Taipei City government, said late Wednesday. (Taiwan News) ■ The International Innovation and Entrepreneurship Park under the National Development Council will set up operations in the Yuanshan Expo area of Taipei following discussions between NDC Chairman Kuan Chung-ming and Taipei Mayor Ko Wen-je Tuesday evening. Kuan expressed his appreciation to Ko and the Taipei City Government for agreeing to let the park use the Expo facilities, noting that the city’s response to the NDC request was "swift and decisive." (Taiwan News)


Updated : 2021-09-17 03:45 GMT+08:00