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Taiwan News Morning Briefing – March 9

New Taipei Mayor Eric Chu, who doubles as chairman of Taiwan's ruling Kuomintang (KMT), is expected to meet the Hong Kong chief executive during a vis...

New Taipei Mayor Eric Chu, who doubles as chairman of Taiwan's ruling Kuomintang (KMT), is expected to meet the Hong Kong chief executive during a vis...

Market & Commodity ■ The Taiwan Stock Exchange’s (TWSE) main index opened 28.73 points lower to 9,617.04 on Monday, with turnover reaching NT$1.39 billion. (Taiwan News) ■ U.S. stocks fell sharply on Friday as a strong jobs report led investors to speculate that the Federal Reserve could raise interest rates as soon as June as the economy continues to strengthen. The Dow Jones industrial average fell 278.94 points, or 1.5 percent, to 17,856.78. The Standard & Poor's 500 index dropped 29.78 points, or 1.4 percent, to 2,071.26. The Nasdaq composite lost 55.44 points, or 1.1 percent, to 4,927.37. (AP) World News ■ The yearlong search for Malaysia Airlines Flight 370 has turned up no sign of the plane. Families of the 239 people on board Malaysia Airlines Flight 370 are marking the anniversary of the plane's disappearance with a vow to never give up on the desperate search for wreckage and answers to the world's biggest aviation mystery. (AP) ■ China's foreign minister has renewed calls for Japanese leaders to abandon any attempt to water down the nation's guilt over its World War II aggression against China and others. (AP) ■ A masked gunman sprays bullets in a restaurant popular with foreigners in Mali's capital, killing five people including a French person and a Belgian national. In Iraq, Islamic State militants continue their campaign targeting pre-Islamic cultural heritage sites in northern Iraq, looting and damaging the ancient city of Hatra just one day after similarly damaging the historic city of Nimrud. (AP) ■ The United States and Iran have narrowed their differences in nuclear weapons negotiations, President Barack Obama said in the face of a renewed Republican warning on Sunday that any deal will face a tough congressional review, according to a Reuters report. Local News ■ Taipei City City Urban Development Commissioner Lin Chou-min went to Facebook Sunday morning to issue a statement retracting his remarks one day earlier that "The people of Taipei are crazy!" Lin told reporters Sunday afternoon that his words were part of an emotional outburst, saying that he regrets any distress they might have caused and wanted to apologize to anyone who felt offended. (Taiwan News) ■ Over the past 16 years the Buddhist charity organization Tzu Chi has accumulated more than 140,000 sq.m of land in the Neihu District of Taipei by buying up 14 parcels of land and accepting a donation of 14 additional parcels from a director of Shang-bang Enterprises named Hsu Yu-chuan. (Taiwan News) ■ The Ministry of Transportation and Communications has announced that as of May 1 it will raise the airport tax collected from departing passengers on international from NT$300 to NT$500, the first increase in the fee in 27 years. (Taiwan News) ■ Taipei City Mayor Ko Wen-je caused an uproar Saturday by saying Taiwan had already ‘imported” 300,000 foreign brides. He made the statement during an address at a public forum on gender issues, timed on the eve of International Women’s Day, March 8. (Taiwan News) ■ Indonesia’s plans to stop sending citizens to work overseas from 2017 could force Taiwan to import more workers from Vietnam, reports said Saturday. (Taiwan News) ■ A Taiwanese fishing trawler carrying a crew of 49 workers from various countries went missing in the South Atlantic, reports said Saturday. The Hsiang Fu Chun lost all contact with the outside world last February 26 and has not been seen since despite a search action in an area close to Argentina and the Falklands, according to a report Saturday by cable station TVBS. (Taiwan News) ■ New clashes erupted outside Taipei 101 Saturday after two members of a group supporting unification with China were freed on bail following their arrest by police a day earlier. (Taiwan News) ■ New Taipei Mayor Eric Chu, who doubles as chairman of Taiwan's ruling Kuomintang (KMT), is expected to meet the Hong Kong chief executive during a visit to the former British colony, sources familiar with the matter said Sunday. (CNA) ■ The Ministry of Transportation and Communications (MOTC) is preparing to take over Taiwan's loss-plagued high-speed rail system until regulations are revised to ensure its continued operations, a ministry spokesman said Sunday. (CNA) ■ Taiwan's consumer price index in February was 0.36 percent higher than in January but was down 0.19 percent compared with the same month in 2014, according to government statistics released Monday. (CNA)


Updated : 2021-09-21 16:14 GMT+08:00