The cooperation between Taiwan and Indonesia on a joint development project on a remote Indonesian island is still ongoing, Indonesian weekly magazine Tempo has reported, citing an Indonesian minister.
Indonesian Coordinating Minister for Maritime Affairs Rizal Ramli said at a forum in Surabaya, East Java, on Thursday last week that Indonesia would collaborate with Taiwan to develop Morotai Island in North Maluku Province into a new economic hub consisting of a seafood-processing industry, a tourist resort and an industrial zone, according to the report.
The development of the 2,476km2 area would be conducted in cooperation with the Taiwanese government, Rizal said.
Rizal said he had held a special meeting on the plan with President Tsai Ing-wen (蔡英文) a month before she was sworn in on May 20.
Although the master plan and the details have not been revealed, Rizal expressed optimism that the Morotai development plan would be realized.
To turn the plan into reality, the Indonesian and Taiwanese governments would have to deal with a lack of workers, Rizal said.
He suggested that one way to resolve the problem is to increase the quota of Indonesian migrant workers (TKI) employed in the industrial fields of Taiwan, according to a report by the Jakarta Post on Friday last week.
“Later, when the development of the industrial zone in Morotai is carried out, some TKI will be reallocated to work there,” Rizal said after the forum.
He said that about 230,000 Indonesians are working in Taiwan, half of whom are domestic workers and the others are workers in various industrial sectors, according to the Jakarta Post.
With the increase in the number of Indonesian workers in Taiwan’s industries, Indonesia is expected to have a sufficient number of experienced workers to develop Morotai, Rizal said.
The two governments signed a memorandum of understanding in 2012. In July 2014, former Indonesian president Susilo Bambang Yudhoyono approved a proposal to set up a special economic zone on Morotai.
It was originally thought the Taiwan-Indonesia joint development project would be canceled mainly because Taiwanese investors who have visited the Indonesian island have shown little interest in proceeding with the investment.
However, cooperation on the project is still ongoing as the MOU is still effective, a Taiwanese official said in February.
Morotai is one of Indonesia’s northernmost islands. It is 2,600km from Taiwan and has a population of about 50,000.
Indonesian President Joko Widodo has voiced his support for the Taiwan-Indonesia project aimed at developing Morotai into a hub that links East Indonesia with the rest of the world.
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
’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
Nintendo Co is raising its target for Switch production to about 25 million units this fiscal year, people familiar with the matter said, as the ongoing COVID-19 pandemic keeps lifting demand and component shortages ease. The Kyoto, Japan-based company, which in April hiked orders to 22 million units by March next year, is asking partners to tack on another few million units, said the people, who did not want to be identified discussing internal goals. Assembly partners plan to work at maximum capacity through December. The new production target suggests that Nintendo is likely to outperform its Switch sales forecast of 19 million
NERVOUS MARKET: With the infection sources still unknown for three COVID-19 cases that had departed Taiwan, investors have become uneasy, an analyst said Local shares yesterday came under heavy downward pressure, falling more than 1 percent as renewed fears over a possible increase in domestic COVID-19 infections hit market sentiment after the nation last week reported a case related to a Belgian national. Selling focused on the bellwether electronics sector, led by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which pushed down the broader market as investors ignored gains posted by tech heavyweights on the US market at the end of last week, dealers said. The TAIEX closed down 151.77 points, or 1.2 percent, at 12,513.03, on turnover of NT$231.43 billion (US$7.84 billion). Foreign