Taiwanese shipbuilders should consider investing in Indonesia, as it aims to become a maritime power and is engaged in international maritime trade, a senior Indonesian government official said.
Indonesia needs more ships to achieve the goal, Indonesian Coordinating Deputy Minister for Economic Affairs Edy Putra Irawady said in an interview with the Central News Agency.
Praising Taiwan for its experience and advanced techniques in shipbuilding and managing the routes of container and cargo vessels, Edy urged Taiwanese shipbuilders to consider investing in Indonesia.
Such cooperation need not be limited to shipbuilding, but could also encompass ship repair and maintenance, Edy said.
The two nations could cooperate in the maritime sector, said the deputy minister, who has visited Taiwan several times over the past few years to study the nation’s economy.
Indonesia needs Taiwan’s metal, electronics and textile products, and can also learn from its fishery techniques, Edy said.
He praised Taiwan for developing a broad global commercial network and high-quality technological products, which he said are more competitive than those of South Korea and China.
Asked if Taiwan’s New Southbound Policy conflicts with China’s “One Belt, One Road” initiative, Edy said he sees them as two different approaches.
The Chinese initiative focuses on infrastructure development, while Taiwan’s policy is aimed at seeking multilateral cooperation to boost regional economic growth and prosperity, Edy said.
The policy was not developed solely for Taiwan’s interests, he added.
The quality of Taiwanese investments differ from that of the Chinese initiative, he said, adding that China has invested in many Indonesian industries, but many of them are high carbon emitters.
In contrast, Taiwanese investments under the policy mostly target industries in the high-tech sector, and involve high-quality products and skilled talent.
“Indonesia has benefited in the long term,” Edy said.
Taiwan’s policy and the Chinese initiative have different goals and operational mechanisms, said Paramitaningrum, an academic at Bina Nusantara University’s International Relations Department who studies Taiwan-Indonesia relations, adding that Taiwan cares more about cooperation in the areas of education and healthcare than China, so it has an advantage in Indonesia.
In terms of capacity-building, Indonesia should learn from Taiwan how to discover and cultivate talent, Paramitaningrum said.
This is an area that could prove key in ensuring that interactions between the two nations continue to grow, she added.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
CUSTOMERS’ BURDEN: TSMC already has operations in the US and is a foundry, so any tariff increase would mostly affect US customers, not the company, the minister said Taiwanese manufacturers are “not afraid” of US tariffs, but are concerned about being affected more heavily than regional economic competitors Japan and South Korea, Minister of Economic Affairs J.W. Kuo (郭智輝) said. “Taiwan has many advantages that other countries do not have, the most notable of which is its semiconductor ecosystem,” Kuo said. The US “must rely on Taiwan” to boost its microchip manufacturing capacities, Kuo said in an interview ahead of his one-year anniversary in office tomorrow. Taiwan has submitted a position paper under Section 232 of the US Trade Expansion Act to explain the “complementary relationship” between Taiwan and the US
RSS