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.
Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Monday introduced the company’s latest supercomputer platform, featuring six new chips made by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), saying that it is now “in full production.” “If Vera Rubin is going to be in time for this year, it must be in production by now, and so, today I can tell you that Vera Rubin is in full production,” Huang said during his keynote speech at CES in Las Vegas. The rollout of six concurrent chips for Vera Rubin — the company’s next-generation artificial intelligence (AI) computing platform — marks a strategic
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
US President Donald Trump on Friday blocked US photonics firm HieFo Corp’s US$3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore Corp, citing national security and China-related concerns. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s businesses led the US president to believe that it might “take action that threatens to impair the national security of the United States.” The order did not name the person or detail Trump’s concerns. “The Transaction is hereby prohibited,”
Garment maker Makalot Industrial Co (聚陽) yesterday reported lower-than-expected fourth-quarter revenue of NT$7.93 billion (US$251.44 million), down 9.48 percent from NT$8.76 billion a year earlier. On a quarterly basis, revenue fell 10.83 percent from NT$8.89 billion, company data showed. The figure was also lower than market expectations of NT$8.05 billion, according to data compiled by Yuanta Securities Investment and Consulting Co (元大投顧), which had projected NT$8.22 billion. Makalot’s revenue this quarter would likely increase by a mid-teens percentage as the industry is entering its high season, Yuanta said. Overall, Makalot’s revenue last year totaled NT$34.43 billion, down 3.08 percent from its record NT$35.52
RSS