Alexa
  • Directory of Taiwan

Taiwan News Morning Briefing – March 27

Taiwan "should actively take part instead of staying on the sidelines" on the issue of the Asian Infrastructure Investment Bank (AIIB), an internation...

Taiwan "should actively take part instead of staying on the sidelines" on the issue of the Asian Infrastructure Investment Bank (AIIB), an internation...

Market & Commodity ■ The Taiwan Stock Exchange’s (TWSE) main index opened 31.47 points lower to 9,587.65 on Friday, with turnover reaching NT$2.49 billion. (Taiwan News) ■ U.S. stocks ended a see-saw day slightly lower Thursday, the fourth loss in a row. Edgy investors continue to monitor the conflict in Yemen and the rapid ascension of the U.S. dollar, which is causing some companies to pull back their profit expectations for the year. The Dow Jones industrial average lost 40.31 points, or 0.2 percent, to 17,678.23. The S&P 500 index fell 4.90 points, or 0.2 percent, to 2,056.15. The Nasdaq composite fell 13.16 points, or 0.3 percent, to 4,863.36. (AP) World News ■ Passengers with moments to live screamed in terror and the pilot frantically pounded on the locked cockpit door as a 27-year-old German co-pilot deliberately and wordlessly smashed an Airbus carrying 150 people into an Alpine mountainside. "We have no idea of the reason," Marseille Prosecutor Brice Robin said, revealing the chilling conclusions investigators reached after reconstructing the final minutes of the flight from the plane's black box voice recorder. Co-pilot Andreas Lubitz's intention was "to destroy this plane." (AP) ■ Along with two dozen of her fellow "dancing grannies," 60-year-old Zhang Jinsu twirls and steps her way every night across a central Beijing plaza, sometimes gliding over the pavement like a butterfly, at other times marching with a plastic rifle. But when new Chinese government instructions on such hugely popular — and loud — senior dances take hold, Zhang may need to learn a new routine. (AP) ■ Vietnam's prime minister orders a swift investigation into a scaffolding collapse that killed 13 workers and injured dozens, while a unit of South Korea's Samsung Group involved in the construction project offered initial assistance to victims' families. (AP) ■ A bakery chain apologizes for a bun commemorating Singapore's long-time leader Lee Kuan Yew and pulls it from stores after being accused of poor taste. (AP) ■ Yahoo says it will buy back $2 billion in company stock as it prepares to spin off its stake in Chinese e-commerce company Alibaba. Investors were pushing Yahoo to use some of the proceeds from the Alibaba spinoff to buy back stock, and the company had said it would keep buying back stock to return cash to shareholders. (AP) Local News ■ The board of directors of Taiwan High-Speed Rail Corporation (THSRC) met Thursday afternoon to discuss and approve a proposal to re-organize the finances of the money-losing operation and insure that it will be able to continue offering riders in Taiwan fast, safe travel along the island’s west coast. As part of the refinancing of THSRC the board adopted a proposal called the “National Subscription Scheme” under which the company’s original capitalization will be reduced by 60% to NT$39 billion and supplanted with NT$30 billion in fresh capital from four funds as well as publicly-held stocks and employee-owned stocks. At the same time, fares will be cut back to levels from last year. (Taiwan News) ■ Authorities in Vietnam's Ha Tinh Province confirmed Thursday that 13 people were killed and more than 30 injured in a scaffold collapse in a steel complex, invested by Taiwan’s Formosa Plastics Group, a day earlier. (Taiwan News) ■ Taipei City Councilor Kao Chia-yu went to Facebook Wednesday evening to offer her latest opinion on the controversy over fallen timber and whether private citizens or commercial operations have the right to pick up fallen logs and branches in Taiwan’s forest areas. (Taiwan News) ■ The Minister of Finance and the chairman of the Financial Supervisory Commission (FSC) told legislators Thursday that they are open to the idea of Taiwan joining the Asian Infrastructure Investment Bank (AIIB) but there are still many aspects of such a move that need to be discussed and decided before taking formal action. Finance Minister Chang Sheng-ford and FSC Chairman Cheng Ming-tsung both expressed positive attitudes toward taking part in the AIIB but declined to make a firm commitment at this point. (Taiwan News) ■ The Taiwan High Court on Thursday threw out a district court decision and ordered former legislator Lee Wen-chung to pay Vice President Wu Den-yih NT$500,000 (US$16,020) in damage and offer a public apology for defaming Wu. (CNA) ■ Taipei's exchanges with Chinese cities should be kept, and the issues to be discussed at the Taipei-Shanghai forum should be diversified, the capital city's Mayor Ko Wen-je said Thursday. (CNA)


Updated : 2021-09-19 18:05 GMT+08:00