The Ministry of Economic Affairs is working on a position paper to solicit support from the US for a free trade agreement (FTA) with Taiwan.
\nThe Bureau of Foreign Trade said the position paper will make the case that the signing of an FTA between Taiwan and the US would be a win-win situation for both sides. Additionally, the US would be able to make inroads into East Asia from Taiwan.
\nThe bureau will sponsor publicity campaigns in US cities this year in the hope that Congress, the media, think tanks and businesses there will understand the benefits of signing a FTA with Taiwan, and that the US will consider a FTA with Taiwan as a priority.
\nTaiwan has in recent years been promoting the signing of FTAs with its allies, and signed one with Panama last year. It expects to complete others with Nicaragua and Guatemala by August, and FTA consultations with Paraguay, the Dominican Republic and Honduras are also in progress.
\nThe bureau's director-general Huang Chi-peng (
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
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