Tuvalu’s GDP is so tiny — about US$37 million — that a line item on the budget measures sales of national stamps and coins to collectors, but that income has been boosted by a digital windfall from the .tv domain name, which Tuvalu controls thanks to its name (Tuvalu translates as “group of eight” — the number of inhabited islands).
Royalties from the sale of the domain name, which by last year was used by about 110,000 Web sites, could reap Tuvalu US$40 million in a decade. Such funds largely paid for the 2002 tar-sealing and lighting of the roads on Funafuti. Some say the work contributed to the water problem because of the lack of drainage from the roads, but Pusinelli Laafai, who as well as heading the disaster committee is also permanent secretary for home affairs, says the benefits of the project outweighed any drawbacks.
An elderly mother and her daughter were found dead in Kaohsiung after having not been seen for several days, discovered only when a foul odor began to spread and drew neighbors’ attention. There have been many similar cases, but it is particularly troubling that some of the victims were excluded from the social welfare safety net because they did not meet eligibility criteria. According to media reports, the middle-aged daughter had sought help from the local borough warden. Although the warden did step in, many services were unavailable without out-of-pocket payments due to issues with eligibility, leaving the warden’s hands
Japanese Prime Minister Sanae Takaichi on Monday announced that she would dissolve parliament on Friday. Although the snap election on Feb. 8 might appear to be a domestic affair, it would have real implications for Taiwan and regional security. Whether the Takaichi-led coalition can advance a stronger security policy lies in not just gaining enough seats in parliament to pass legislation, but also in a public mandate to push forward reforms to upgrade the Japanese military. As one of Taiwan’s closest neighbors, a boost in Japan’s defense capabilities would serve as a strong deterrent to China in acting unilaterally in the
Taiwan last week finally reached a trade agreement with the US, reducing tariffs on Taiwanese goods to 15 percent, without stacking them on existing levies, from the 20 percent rate announced by US President Donald Trump’s administration in August last year. Taiwan also became the first country to secure most-favored-nation treatment for semiconductor and related suppliers under Section 232 of the US Trade Expansion Act. In return, Taiwanese chipmakers, electronics manufacturing service providers and other technology companies would invest US$250 billion in the US, while the government would provide credit guarantees of up to US$250 billion to support Taiwanese firms
Indian Ministry of External Affairs spokesman Randhir Jaiswal told a news conference on Jan. 9, in response to China’s latest round of live-fire exercises in the Taiwan Strait: “India has an abiding interest in peace and stability in the region, in view of our trade, economic, people-to-people and maritime interests. We urge all parties to exercise restraint, avoid unilateral actions and resolve issues peacefully without threat or use of force.” The statement set a firm tone at the beginning of the year for India-Taiwan relations, and reflects New Delhi’s recognition of shared interests and the strategic importance of regional stability. While India
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