■POLITICS
Cabinet reshuffle finalized
The government completed its reshuffle yesterday, with Premier Wu Den-yih (吳敦義) saying that Minister of Finance Lee Sush-der (李述德) would remain in his post, as would Financial Supervisory Commission (FSC) Vice Chairperson Lee Jih-chu (李紀珠), whom Wu said last week would leave the Cabinet. Asked why he changed his mind and kept Lee Jih-chu, Wu declined to comment on whether it was because she had told reporters on Thursday that President Ma Ying-jeou (馬英九) and Wu had offered her four different positions to step down as FSC vice chairperson. The reshuffle saw former FSC chairman Sean Chen (陳冲) succeed Eric Chu (朱立倫) as vice premier, while the former chairman of First Financial Holding Co, Chen Yuh-chang (陳裕璋), succeeded Sean Chen at the commission. Meanwhile, Christina Liu (劉憶如), former Chinatrust Financial Holding Co’s chief economic adviser, replaced Tsai Hsun-hsiung (蔡勳雄) as chair of the Council for Economic Planning and Development. Tsai refused the post of president of state-owned CPC Corp, Taiwan, a position vacant since September when Shih Yen-shiang (施顏祥) was appointed to lead the Ministry of Economic Affairs. Late last night, the Executive Yuan appointed Tsai as chief of Sinotech Engineering Inc, a government-funded non-profit organization dedicated to providing engineering consulting services.
■DIPLOMACY
MOFA prepares Thai plan
The Ministry of Foreign Affairs (MOFA) has prepared a contingency plan in response to the escalating conflict between protesters and the Thai government in Bangkok, with evacuation of Taiwanese expatriates the last resort, the ministry said yesterday. Spokesman Henry Chen (陳銘政) said the nation’s representative office in Thailand had prepared responses to different scenarios and evacuating Taiwanese expatriates in Thailand was merely one of the scenarios. Chen said the office had not activated the measure, but advised Taiwanese businesspeople and other expatriates in Bangkok to stay in touch with each other. When asked under what circumstances the ministry would begin an evacuation, Chen said the measure would be implemented when expatriates’ lives are in danger. The ministry raised the level of its travel alert for Bangkok to “red” on Friday, advising people to avoid traveling to Bangkok after the US and the UK closed their embassies amid an upsurge in violence between security forces and protesters.
■TRANSPORTATION
KRTC expects to trim losses
Kaohsiung Rapid Transit Corp (KRTC), which has been in the red since the Kaohsiung MRT opened in 2008, expects its losses to fall by about NT$100 million (US$3.14 million) this year because of increasing passenger volume. According to KRTC figures, the metro system carried 15.3 million passengers in the first four months of the year, up 5.8 percent from a year earlier. “The daily average passenger volume rose by about 7,000 passengers [to 127,000] during the four-month period,” a KRTC official said. “If the growth is sustained for the rest of the year, we expect the loss for 2010 to be nearly NT$100 million less than last year,” he said. Passenger numbers were still far short of the 300,000 per day that the company has said it would need to break even. Last year, the Kaohsiung metro system incurred a loss of NT$1.54 billion after receiving a subsidy from the Kaohsiung City Government.
Taiwan has received more than US$70 million in royalties as of the end of last year from developing the F-16V jet as countries worldwide purchase or upgrade to this popular model, government and military officials said on Saturday. Taiwan funded the development of the F-16V jet and ended up the sole investor as other countries withdrew from the program. Now the F-16V is increasingly popular and countries must pay Taiwan a percentage in royalties when they purchase new F-16V aircraft or upgrade older F-16 models. The next five years are expected to be the peak for these royalties, with Taiwan potentially earning
STAY IN YOUR LANE: As the US and Israel attack Iran, the ministry has warned China not to overstep by including Taiwanese citizens in its evacuation orders The Ministry of Foreign Affairs (MOFA) yesterday rebuked a statement by China’s embassy in Israel that it would evacuate Taiwanese holders of Chinese travel documents from Israel amid the latter’s escalating conflict with Iran. Tensions have risen across the Middle East in the wake of US and Israeli airstrikes on Iran beginning Saturday. China subsequently issued an evacuation notice for its citizens. In a news release, the Chinese embassy in Israel said holders of “Taiwan compatriot permits (台胞證)” issued to Taiwanese nationals by Chinese authorities for travel to China — could register for evacuation to Egypt. In Taipei, the ministry yesterday said Taiwan
Taiwan is awaiting official notification from the US regarding the status of the Agreement on Reciprocal Trade (ART) after the US Supreme Court ruled US President Donald Trump's global tariffs unconstitutional. Speaking to reporters before a legislative hearing today, Premier Cho Jung-tai (卓榮泰) said that Taiwan's negotiation team remains focused on ensuring that the bilateral trade deal remains intact despite the legal challenge to Trump's tariff policy. "The US has pledged to notify its trade partners once the subsequent administrative and legal processes are finalized, and that certainly includes Taiwan," Cho said when asked about opposition parties’ doubts that the ART was
If China chose to invade Taiwan tomorrow, it would only have to sever three undersea fiber-optic cable clusters to cause a data blackout, Jason Hsu (許毓仁), a senior fellow at the Hudson Institute and former Chinese Nationalist Party (KMT) legislator, told a US security panel yesterday. In a Taiwan contingency, cable disruption would be one of the earliest preinvasion actions and the signal that escalation had begun, he said, adding that Taiwan’s current cable repair capabilities are insufficient. The US-China Economic and Security Review Commission (USCC) yesterday held a hearing on US-China Competition Under the Sea, with Hsu speaking on
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