The Ministry of Economic Affairs yesterday said that it would immediately end water-rationing measures in Kaohsiung, as recent heavy rain has countered water shortages in several regions.
The ministry also eased water restrictions in Tainan from phase-two to phase-one rationing, thanks to heavy rains of the past few days, Vice Minister of Economic Affairs Yang Wei-fu (楊偉甫) told reporters on the sidelines of the Legislative Yuan’s Economics Committee meeting.
“The rain brought a significant amount of water into the catchment areas in western Taiwan from last Friday to Sunday, giving a boost to reservoirs’ water storage,” Yang said.
Shihmen Reservoir (石門水庫) in Taoyuan County, Liyutan Reservoir (鯉魚潭水庫) in Miaoli County, Tehchi Reservoir (德基水庫) in Taichung and Renyitan Reservoir (仁義潭水庫) collected more than 10 million cubic meters of water between Friday and 4pm yesterday, the Water Resources Agency said.
Zengwen Reservoir (曾文水庫) in Chiayi County collected 145 million cubic meters of water, while the reserves of Tainan’s Nanhua Reservoir (南化水庫) increased by 45 million cubic meters during the same period, the water agency said.
The Gaoping River (高屏溪), the main water source for Kaohsiung, recorded 454.1mm of rain, and runoff from the river increased to 2,834m3 per second, it said.
Water Resources Agency Secretary-General Lai Chien-hsin (賴建信) said that the river’s turbidity rose sharply due to the heavy rain, affecting water quality.
Lai said the ministry would still decrease water pressure overnight to about 15,000 households in Kaohsiung while turbidity remains high.
The Nanhua Reservoir would provide backup water until the river is clean enough for household use, he added.
‘BIG LOSS’: This year might see the last generation of Huawei’s Kirin chips, as their production would stop next month because they are made using US technology Chinese tech giant Huawei Technologies Co (華為) is running out of processor chips to make smartphones due to US sanctions and would be forced to stop production of its own most advanced chips, a company executive has said, in a sign of growing damage to Huawei’s business from US pressure. Huawei, one of the biggest producers of smartphones and network equipment, is at the center of US-Chinese tension over technology and security. Washington last year cut off Huawei’s access to US components and technology, and those penalties were tightened in May, when the White House barred vendors worldwide from using US
’WHITE BOX’: The open platform would give local firms access to Cisco’s cloud-based mobile network to develop 5G telecom equipment and tap into the global market The Ministry of Economic Affairs (MOEA) yesterday introduced a new 5G “open lab” in collaboration with US-based information technology and networking giant Cisco Systems Inc to address the rapidly growing “white box” 5G networking equipment market. The open lab will be a platform where Taiwanese manufacturers can access Cisco’s cloud-based mobile network to develop their own 5G telecom equipment, such as small-cell base stations, network switches, modems and Internet of things (IoT) devices, a ministry statement said. The open platform would allow Taiwanese manufacturers to tap into the lucrative 5G telecom equipment market, which was previously monopolized by Nokia Oyj, Ericsson AB
CORPORATE SCANDAL: Cathay Life has invested NT$13.3 billion in Bank Mayapada since 2015, but the latest loss of NT$8.8 billion has completely written off its investment Cathay Life Insurance Co (國泰人壽) yesterday said it would recognize an investment loss of NT$8.8 billion (US$298.1 million) in Indonesia’s Bank Mayapada Internasional Tbk PT due to concerns about the lender’s operations amid a corporate scandal. The company said it would revise its earnings result for June, from a net profit of NT$6.52 billion to a net loss of NT$520 million, its first monthly loss over the past 17 months. After booking an investment loss of NT$5.2 billion in Bank Mayapada earlier this year, Cathay Life has so far recognized total investment losses of NT$14 billion in the lender, executive vice president
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported that revenue last month expanded 25 percent annually, but fell 12.8 percent month-on-month to NT$105.96 billion (US$3.59 billion). In the first seven months of this year, the chipmaker’s revenue surged 33.6 percent to NT$727.26 billion, compared with NT$544.46 billion a year earlier. TSMC has said it aims to grow its revenue by more than 20 percent this year. The company has since May 15 stopped taking new orders from Huawei Technologies Co (華為), its second-biggest customer after Apple Inc, due to the US’ restrictions on exports containing US technologies. TSMC has no plans to