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Tech budget to reach NT$120bn

By Lee Hsin-fang

The Executive Yuan is expected to increase the budget for technology-related spending for fiscal 2019 to NT$120 billion (US$3.9 billion), of which NT$1 billion would be dedicated to the cultivation of young researchers to encourage them to stay in Taiwan, sources said. This year’s budget wasFULL STORY

Chou Tien-chen wins Singapore badminton title

By Jason Pan

It was an all-Taiwanese affair at the end of the Singapore Open, with top-seeded badminton player Chou Tien-chen (周天成) defeating compatriot Hsu Jen-hao (許仁豪) in yesterday’s final. Chou ended Hsu’s challenge 21-13, 21-13 to capture the men’s singles championship, pocketing US$26,625 in prize money. After dropping theFULL STORY

KKR group buys LCY Chemical for US$1.56bn

KKR & Co said it is taking over Taiwanese company LCY Chemical Corp (李長榮化工) in a deal valued at NT$47.8 billion (US$1.56 billion), as the global buyout firm seeks to make additional majority stakes purchases in Greater China. A consortium led by New York-based KKR agreedFULL STORY

Gunman surrenders in US supermarket hostage drama

A gunman on Saturday took hostages inside a supermarket in Los Angeles after a gunbattle with police, leaving a store employee dead before the suspect handcuffed himself and surrendered, police said. The drama began at another location when a man became “involved in a family dispute,FULL STORY

Monsoon barrage in Vietnam triggers flooding, kills 19

Flash floods in Vietnam have now claimed at least 19 lives, as residents in affected areas sought safety in higher ground, the government said yesterday. Boasting a long coastline, Vietnam is battered by floods and storms every year, with hundreds of lives lost from the annualFULL STORY

New budget to increase defense by 2.17%: sources2018-07-22

By Lee Hsin-fang and Jake Chung

The Executive Yuan’s annual expenditure for fiscal 2019 is expected to total NT$2 trillion (US$65.11 billion), with national defense spending increasing by 2.17 percent, or NT$7.1 billion, compared with fiscal 2018, sources said. However, despite the increase, total defense spending will not reach President Tsai Ing-wen’sFULL STORY

Weather bureau expects tropical storm, sea warning2018-07-22

By William Hetherington

The Central Weather Bureau yesterday said it expected a tropical depression, which hit the Philippine province of Ilocos Norte, to develop into Tropical Storm Wukong as it moves north toward Taiwan, and that a sea warning could be issued early this morning at the earliest. SustainedFULL STORY

Nation’s OhBear debuts as hot air balloon at festival2018-07-22

Taiwan yesterday debuted a hot air balloon in the shape of a Formosan black bear at the International Balloon Festival in Taitung County. The “OhBear” balloon, which is 30.6m high and weighs 250kg, was produced through a joint effort of the Ministry of Transportation and Communications’FULL STORY

State actors likely behind Singapore hack: experts2018-07-22

State actors were likely behind Singapore’s biggest-ever cyberattack to date, security experts said, citing the scale and sophistication of the hack. Hackers broke into a government database and stole the health records of 1.5 million Singaporeans, including Singaporean Prime Minister Lee Hsien Loong (李顯龍), who wasFULL STORY

Xi arrives for visit in Africa as US interest wanes2018-07-22

Chinese President Xi Jinping (習近平) was to arrive in Africa on a four-nation visit yesterday seeking deeper military and economic ties while his rival in a bitter trade war, the Trump administration, shows little interest in the world’s second most populous continent. This is Xi’s firstFULL STORY

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