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.
MAJOR BENEFICIARY: The company benefits from TSMC’s advanced packaging scarcity, given robust demand for Nvidia AI chips, analysts said ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip packaging and testing service provider, yesterday said it is raising its equipment capital expenditure budget by 10 percent this year to expand leading-edge and advanced packing and testing capacity amid strong artificial intelligence (AI) and high-performance computing chip demand. This is on top of the 40 to 50 percent annual increase in its capital spending budget to more than the US$1.7 billion to announced in February. About half of the equipment capital expenditure would be spent on leading-edge and advanced packaging and testing technology, the company said. ASE is considered by analysts
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Huawei Technologies Co’s (華為) latest smartphones carry a version of the advanced made-in-China processor it revealed last year, results from an independent analysis showed. This underscored the Chinese company’s ability to sustain production of the controversial chip. The Pura 70 series unveiled last week sports the Kirin 9010 processor, research firm TechInsights found during a teardown of the device. This is a newer version of the Kirin 9000s, made by Semiconductor Manufacturing International Corp (SMIC, 中芯) for the Mate 60 Pro, which had alarmed officials in Washington who thought a 7-nanometer chip was beyond China’s capabilities. Huawei has enjoyed a resurgence since
purpose: Tesla’s CEO sought to meet senior Chinese officials to discuss the rollout of its ‘full self-driving’ software in China and approval to transfer data they had collected Tesla Inc CEO Elon Musk arrived in Beijing yesterday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of "full self-driving" (FSD) software and permission to transfer data overseas, according to a person with knowledge of the matter. Chinese state media reported that he met Premier Li Qiang (李強) in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation. Musk confirmed his meeting with the premier yesterday with a post on social media platform X. "Honored to meet with Premier Li