State-run Taiwan International Port Corp (TIPC) on Monday signed a memorandum of understanding with Malaysia’s Sabah Ports, in line with the government’s “new southbound policy” to develop the Southeast Asian market.
TIPC chairman Wu Meng-feng (吳盟分) on Sunday led a delegation overseas to seek business opportunities in Malaysia, Vietnam and other Southeast Asian nations, the company said, adding that Wu signed the agreement with Sabah Ports senior manager Lai Fue-Nar in Sabah.
The delegation also included representatives of CECI Engineering Consultants, Wan Hai Lines and other Taiwanese firms, it added.
Sabah Ports operates a facility in Kota Kinabalu, the capital of eastern Sabah state in northern Borneo Island, and has been focused on development of tourism, petrochemical products and consumer goods, TIPC said, adding that the deal would help it secure business opportunities.
Sabah Port is strategically located near a number of emerging economies, such as the Philippines, Indonesia and Vietnam, as well as China, it added.
The Sabah state government has rolled out several initiatives to facilitate further development of its ports, TIPC said, adding that the state is rich in natural resources.
CECI Engineering Consultants was invited to the delegation due to its interest in possible basic infrastructure projects, including the construction of shipyards, logistics facilities and warehouses, TIPC said, adding that the engineering consulting firm exchanged views with local officials and Sabah Ports management on potential investment opportunities.
“Apart from an assessment of various investment projects, both sides agreed to increase mutual visits on issues such as ‘green’ port initiatives and enhancing cargo handling efficiency at ports,” TIPC said.
“We hope that this partnership marks the beginning of our investment plans and brings more commercial goods to Taiwan,” it added.
Actor Darren Wang (王大陸) was sentenced to six months in prison, commutable to a fine, by the New Taipei District Court today for contravening the Personal Data Protection Act (個人資料保護法) in a case linked to an alleged draft-dodging scheme. Wang allegedly paid NT$3.6 million (US$114,380) to an illegal group to help him evade mandatory military service through falsified medical documents, prosecutors said. He transferred the funds to Chen Chih-ming (陳志明), the alleged mastermind of a draft-evasion ring, although he lost contact with him as he was already in detention on fraud charges, they said. Chen is accused of helping a
SECURITY: Starlink owner Elon Musk has taken pro-Beijing positions, and allowing pro-China companies to control Taiwan’s critical infrastructure is risky, a legislator said Starlink was reluctant to offer services in Taiwan because of the nation’s extremely high penetration rates in 4G and 5G services, the Ministry of Digital Affairs said yesterday. The ministry made the comments at a meeting of the legislature’s Transportation Committee, which reviewed amendments to Article 36 of the Telecommunications Management Act (電信管理法). Article 36 bans foreigners from holding more than 49 percent of shares in public telecommunications networks, while shares foreigners directly and indirectly hold are also capped at 60 percent of the total, unless specified otherwise by law. The amendments, sponsored by Chinese Nationalist Party (KMT) Legislator Ko
NON-RED SUPPLY: Boosting the nation’s drone industry is becoming increasingly urgent as China’s UAV dominance could become an issue in a crisis, an analyst said Taiwan’s drone exports to Europe grew 41.7-fold from 2024 to last year, with demand from Ukraine’s fight against Russian aggression the most likely driver of growth, a study showed. The Institute for Democracy, Society and Emerging Technology (DSET) in a statement on Wednesday said it found that many of Taiwan’s uncrewed aerial vehicle (UAV) sales were from Poland and the Czech Republic. These countries likely transferred the drones to Ukraine to aid it in its fight against the Russian invasion that started in 2022, it said. Despite the gains, Taiwan is not the dominant drone exporter to these markets, ranking second and fourth
The eastern extension of the Taipei MRT Red Line could begin operations as early as late June, the Taipei Department of Rapid Transit Systems said yesterday. Taipei Rapid Transit Corp said it is considering offering one month of free rides on the new section to mark its opening. Construction progress on the 1.4km extension, which is to run from the current terminal Xiangshan Station to a new eastern terminal, Guangci/Fengtian Temple Station, was 90.6 percent complete by the end of last month, the department said in a report to the Taipei City Council's Transportation Committee. While construction began in October 2016 with an
RSS