Vice President Annette Lu (
Addressing a colloquium held at the Chunan office of the Hsinchu Industrial Park, Lu said that so far, 71 percent of the overseas investments made by private Taiwanese companies have focused on China, which she described as tantamount to putting all the eggs in one basket.
Lu urged companies to avoid being "trapped by the Chinese authorities" and to instead invest abroad from a global perspective.
The vice president told executives of 20-odd companies from the science park who attended the colloquium to consider investing in Central and South American countries, such as the Dominican Republic, which she claimed could be a "brand new world" for Taiwanese investors in terms of making investments abroad.
Also speaking at the colloquium, Chen Cheng-chung (陳正忠), secretary-general of the International Cooperation and Development Fund (ICDF), told the high-tech company executives that Taiwan is expected to complete a second round of bilateral talks with the Dominican Republic in September on the signing of a free trade agreement between the two countries.
‘CROCODILE TEARS’: The Taiwan Statebuilding Party said the Kaohsiung mayor was only apologizing after a poll revealed that 45% of the city’s residents favored a recall Kaohsiung Mayor Han Kuo-yu (韓國瑜) at a city council session yesterday apologized for taking three months off last year to campaign for January’s presidential election. Han said that he was now prioritizing municipal affairs and was focused primarily on preventing the spread of COVID-19. He was “doing two days’ work each day” to make up for time lost, he said. Han on May 5 attended a city council session for the first time in 201 days, giving a report on pandemic response measures. At yesterday’s session, Han said the Kaohsiung City Government would be injecting NT$50 million (US$1.67 million) into the
Taipei City Councilor Wu Pei-yi (吳沛憶) on Saturday urged the Taipei Department of Cultural Affairs to designate the Japanese colonial-era Showa Building (昭和樓) a cultural heritage site to protect it from being demolished. Wu made the remarks after the department on Tuesday last week visited the building to evaluate it for preservation, a standard procedure before a public building that is more than 50 years old is razed. The Showa Building, on Zhongxiao E Road Sec 2, was a rare kind of office building when it was constructed in 1942, Wu said. The three-story building was built with reinforced concrete and has European-style
A proposal by the Taiwan Railways Administration (TRA) to permanently ban sitting in Taipei Railway Station’s main hall has received a mixed reaction online, with some social media users vowing to launch a sit-in at the station. Gatherings at the hall have been prohibited since Feb. 29 in accordance with the Central Epidemic Command Center’s policy of reducing crowd sizes in public places. A Facebook user organizing the sit-in said that the hall is a public space and there is no legitimate reason to ban sitting on the floor. He said he suspected that the proposal was made due to business considerations and
Chinese over-the-top (OTT) service provider iQiyi cannot register as a provider in Taiwan after the Mainland Affairs Council declared it to be an illegal service, the National Communications Commission (NCC) said yesterday. Both iQiyi and WeTV were deemed to be illegal Chinese OTT operators in an interdepartmental meeting on Friday last week, officials said, adding that this prohibits them from marketing their services in Taiwan or seeking subscribers. The government plans to block a local server that iQiyi has been using to transmit content to domestic audiences, which would disrupt its content transmission. OTT Entertainment Ltd, which is enlisted by iQiyi to