■Electronics
AAFES to buy Chinese TVs
The US military will buy 45,000 high-definition televisions from Xiamen Overseas Chinese Electronics Co, one of China's biggest appliance makers, China's state-owned Xinhua News Agency said, citing the Xiamen Daily newspaper. The Army and Air Force Exchange Service, a purchasing agency, will take delivery now of 5,000 of the sets, capable of delivering sharper pictures than conventional TVs, Xinhua said. Xiamen Overseas will deliver the balance within a year. The report didn't give a value for the contract. Chinese appliance makers including Xiamen Overseas, Sichuan Changhong Electric Co and Konka Group Co may be assessed anti-dumping tariffs by the US after the US International Trade Commission ruled on Tuesday that cheap Chinese and Malaysian sets are hurting American producers.
■ Policy
Mercosur pledges effort
South American leaders agreed Wednesday to keep working toward greater regional integration by strengthening their countries' political and economic ties through the Mercosur trade bloc. The presidents of the Mercosur trading nations issued a communique at the end of a two-day summit here and expressed support for the group, whose members have been battered by economic crises over the last year. The leaders voiced their commitment to "the strengthening of Mercosur, with the aim of sustainable development of its member countries and their competitive insertion into the global economy." Mercosur members Brazil, Argentina, Uruguay and Paraguay held their biannual meeting at a riverside resort in the Paraguayan capital. Chile and Bolivia are associate members and Venezuela's president Hugo Chavez attended as a guest.
■ Computers
Microsoft defends actions
Microsoft Corp and the Bush administration defended their antitrust settlement, and the world's largest software maker urged a US appeals court to reject Massachusetts's call for tighter restrictions on its business practices. Micro-soft, which negotiated the settlement after the appeals court ruled the company illegally protected its Windows monopoly, said the agreement was approved by a trial judge who "considered but rejected" more restrictions. "The relief that Massachusetts seeks is so extreme that its own economist would not support several key aspects of it," Microsoft said in a brief filed with the appeals court in Washington. The settlement requires Microsoft to give computer makers freedom to promote rival software on personal computers powered by the Windows operating system. Windows runs 95 percent of the world's PCs.
■ Airlines
NZ warns air carriers
New Zealand's consumer watchdog, the Commerce Commission, has warned airlines to stop hiding extra charges that can add up to 44 percent to the price of cheap advertised fares, a news-paper reported yesterday. It said burying extra charges such as levies, taxes and insurance in the small print of advertise-ments misrepresented the price of fares, The New Zealand Herald said. Director of fair trading Deborah Battell said the commission was concerned about inadequate disclosure in advertisements. "When businesses are advertising, they should be advertising the price people have to pay," she said.
Agencies
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,
IMPORTANT BACKER: China seeks to expel US influence from the Indo-Pacific region and supplant Washington as the global leader, MAC Minister Chiu Chui-cheng said China is preparing for war to seize Taiwan, Mainland Affairs Council (MAC) Minister Chiu Chui-cheng (邱垂正) said in Washington on Friday, warning that Taiwan’s fall would trigger a regional “domino effect” endangering US security. In a speech titled “Maintaining the Peaceful and Stable Status Quo Across the Taiwan Strait is in Line with the Shared Interests of Taiwan and the United States,” Chiu said Taiwan’s strategic importance is “closely tied” to US interests. Geopolitically, Taiwan sits in a “core position” in the first island chain — an arc stretching from Japan, through Taiwan and the Philippines, to Borneo, which is shared by
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