Taiwan expects a much-anticipated missile defense shield to be ready next year after buying advanced weapons at a cost of about NT$300 billion (US$9.4 billion), local media reported yesterday.
Six batteries of Patriot III missiles forming the backbone of the system will account for roughly half the cost associated with the project, the China Times newspaper said.
A long-range early warning radar system, priced at about NT$40 billion, will allow the military to detect and track incoming ballistic missiles and cruise missiles, it said.
While the Patriot III and radars are US-made, the system will also include locally produced tactical ballistic missiles evolved from existing missiles known as “Tien Kung,” or Sky Bow, the paper said.
The Ministry of National Defense declined to comment on the report.
Military experts estimate the People’s Liberation Army currently has more than 1,600 missiles aimed at Taiwan.
Meanwhile, the state-controlled Chinese press yesterday said China needs a “carrier-killer” missile deterrent as a counterbalance to US naval supremacy in the Pacific.
“China undoubtedly needs to build a highly credible anti-carrier capability,” the Global Times said in an editorial.
“Not only does China need an anti-ship ballistic missile, but also other carrier-killing measures,” said the paper, which is published by the People’s Daily, the print mouthpiece of the Chinese Communist Party. “Since US aircraft carrier battle groups in the Pacific constitute deterrence against China’s strategic interests, China has to possess the capacity to counterbalance.”
US military analysts have said that China is developing a new version of its Dongfeng 21 missile that could pierce the defenses of even the most sturdy US naval vessels and has a range of 20,000km — far beyond Chinese waters.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
The National Development Council (NDC) yesterday unveiled details of new regulations that ease restrictions on foreigners working or living in Taiwan, as part of a bid to attract skilled workers from abroad. The regulations, which could go into effect in the first quarter of next year, stem from amendments to the Act for the Recruitment and Employment of Foreign Professionals (外國專業人才延攬及僱用法) passed by lawmakers on Aug. 29. Students categorized as “overseas compatriots” would be allowed to stay and work in Taiwan in the two years after their graduation without obtaining additional permits, doing away with the evaluation process that is currently required,
RELEASED: Ko emerged from a courthouse before about 700 supporters, describing his year in custody as a period of ‘suffering’ and vowed to ‘not surrender’ Former Taiwan People’s Party (TPP) chairman Ko Wen-je (柯文哲) was released on NT$70 million (US$2.29 million) bail yesterday, bringing an end to his year-long incommunicado detention as he awaits trial on corruption charges. Under the conditions set by the Taipei District Court on Friday, Ko must remain at a registered address, wear a GPS-enabled ankle monitor and is prohibited from leaving the country. He is also barred from contacting codefendants or witnesses. After Ko’s wife, Peggy Chen (陳佩琪), posted bail, Ko was transported from the Taipei Detention Center to the Taipei District Court at 12:20pm, where he was fitted with the tracking