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Taiwan News Morning Briefing – March 23

A cyclist from Poland broke his own Guinness world record on Sunday by climbing 3,139 steps up the Taipei 101 skyscraper on a bicycle.

It took Krys...

A cyclist from Poland broke his own Guinness world record on Sunday by climbing 3,139 steps up the Taipei 101 skyscraper on a bicycle. It took Krys...

Market & Commodity ■ The Taiwan Stock Exchange’s (TWSE) main index opened 11.14 points higher to 9,760.83 on Monday, with turnover reaching NT$3.25 billion. (Taiwan News) ■ The U.S. stocks advanced Friday, capping a strong week, helped by a recovery in the price of oil and earnings from Olive Garden owner Darden Restaurants and sportswear giant Nike. The Dow Jones industrial average rose 168.62 points, or 0.9 percent, to 18,127.65. The Standard & Poor's 500 index rose 18.79 points, or 0.9 percent, to 2,108.06 and the Nasdaq composite added 34.04 points, or 0.7 percent, to 5,026.42. (AP) World News ■ Singaporeans wept and world leaders paid tribute Monday as the Southeast Asian city-state mourned the death of its founding father Lee Kuan Yew. The government announced that Lee, 91, "passed away peacefully" early Monday at Singapore General Hospital. An increasingly frail Lee was hospitalized in February with severe pneumonia. (AP) ■ President Barack Obama said he takes Israeli Prime Minister Benjamin Netanyahu "at his word" for saying that an independent Palestinian state will never co-exist with Israel as long as he is in office, yet another sign of the strained relations between longtime allies. (AP) ■ Michelle Obama urged Cambodian students to finish their education and speak up to demand greater freedoms and more equality on a landmark visit to a Southeast Asian country that has been ruled by an authoritarian strongman for decades. (AP) Local News ■ In response to questions from the United States, Democratic Progressive Party Chairwoman Tsai Ing-wen on Saturday emphasized the status quo in relations with China. (Taiwan News) ■ A Taipei city councilor has stepped into the ‘driftwood’ case in a budding controversy involving a batch of timber that forestry officials and others are saying fell naturally in the woods, was carried downhill by wind and water, and was then picked up and hauled away to Sanyi in Miaoli, the center of the wood-carving industry in Taiwan. Under local laws regarding driftwood, such ‘found’ materials can be legally transported and processed. (Taiwan News) ■ A court ordered the detention of Taipei City’s Neihu District chief Lin Shih-chung Saturday over an illegal development deal, but his attorney announced he would file an appeal. (Taiwan News) ■ Liu Chao-hao came out on top in the party’s telephone poll to pick a candidate for the contest for the Legislative Yuan from Taitung. Liu, the current holder of the seat, beat out former legislator Lai Kun-cheng in a hotly-contested race for the nomination. (Taiwan News) ■ Sunday morning Taipei Mayor Ko Wen-je offered a defense of his suggestion that the West Bus Terminal at Taipei Main Station be relocated somewhere else after the MRT line to Taiwan Taoyuan International Airport opens later this year. (Taiwan News) ■ Residents of Sizihwan Bay in Kaohsiung have had enough and are ready to blockade their own city to save it from being overrun by mainland Chinese tourists. The small town, which occasionally sees visits by up to 4000 tourist in convoys of buses, is a highlight on the itinerary of many Chinese tours, but residents say that can’t take much more of the traffic congestion and disorder that the crowds bring. (Taiwan News) ■ Tainan City began fulfilling a promise Saturday by beginning to remove statues of the late President Chiang Kai-shek from the city’s school campuses. (Taiwan News) ■ The Ministry of Economic Affairs (MOEA) said on Sunday that it is working with Taiwanese companies to diversify their operations away from China and offset the impact of the rising number of Chinese suppliers. (CNA) ■ Taiwanese businesspeople operating in China will flock home in the wake of China's move to regulate preferential policies on foreign investors, the head of Delta Electronics Inc. said on Saturday. (CNA) ■ Unemployment fell 0.4 percentage points annually to 3.69 percent in February, according to government figures released Monday. (CNA)

Updated : 2021-08-05 01:44 GMT+08:00