■ Automobiles
Coup affects trade tiff
Malaysia will wait for a new government to take power in Thailand before pressing for fresh negotiations on a vehicle import tariff dispute, the Sunday Star newspaper reported. The previous Thai government had been determined not to cut the tariff to 5 percent from 20 percent on vehicles produced in Malaysia, the newspaper quoted Trade Minister Rafidah Aziz as saying. "That was before ... now it is different all together [because of the coup]. So, I am waiting," Rafidah was quoted as saying by Bernama news agency. Last week he had threatened to punish Thailand for its refusal to slash the tariff on Malaysian cars.
■ Automobiles
Tax offer still open to Ford
Michigan Governor Jennifer Granholm said that a proposal for the state to give Ford Motor Co tax breaks if it invests in Michigan remains on the table despite the firm's recent cost-cutting efforts. The incentives, which amount to US$151 million over 20 years, would come if Ford decides to invest US$1 billion in the state for research and development and to retool manufacturing plants to make them flexible enough to quickly change the models they produce. Granholm and Ford announced the possible incentives last month, but the Dearborn-based automaker has indicated that it never made specific commitments to the state.
■ Retail
Carrefour pulls sushi
French supermarket chain Carrefour has suspended sales of sushi in China following a bacteria outbreak in two of its stores, the Beijing Morning Post reported yesterday. Sales were stopped from Saturday after food safety inspectors in Zhejiang Province found bacteria levels were 23 times the accepted standard in one type of sushi in a store in Hangzhou. High levels of bacteria were also detected in sushi in the Carrefour outlet in Guangzhou, the paper reported. Carrefour said it was examining raw materials, questioning suppliers and checking the cooking process and equipment.
■ Finance
Lone Star, Kookmin in talks
Lone Star Funds said yesterday that it was still in talks with Kookmin Bank over the sale of a controlling stake in Korea Exchange Bank, after a deadline for the transaction expired on Sept. 16. The deal, originally agreed on in March, has been delayed by an investigation by South Korean prosecutors into Dallas-based Lone Star's takeover of the nation's fifth-biggest lender in 2003. Korean prosecutors are investigating whether Korea Exchange Bank's financial strength was deliberately understated to allow Lone Star to acquire the lender three years ago. A South Korean government audit cleared the US buyout fund of wrongdoing.
■ Trade
China likes Portuguese
China aims to double trade with Portuguese-speaking nations by 2009, said a top government official. Trade between China and countries including Portugal, Brazil and Angola is expected to reach as much as US$50 billion this year, State Council Secretary-General Hua Jianmin (華建敏) said at a ministerial conference for Portuguese-speaking countries in Macau yesterday. "We should aim to increase this by two-fold between 2007 and 2009," he said. Trade between China and all Portuguese-peaking countries reached 19.5 billion euros (US$25 billion) last year.
ROLLER-COASTER RIDE: More than five earthquakes ranging from magnitude 4.4 to 5.5 on the Richter scale shook eastern Taiwan in rapid succession yesterday afternoon Back-to-back weather fronts are forecast to hit Taiwan this week, resulting in rain across the nation in the coming days, the Central Weather Administration said yesterday, as it also warned residents in mountainous regions to be wary of landslides and rockfalls. As the first front approached, sporadic rainfall began in central and northern parts of Taiwan yesterday, the agency said, adding that rain is forecast to intensify in those regions today, while brief showers would also affect other parts of the nation. A second weather system is forecast to arrive on Thursday, bringing additional rain to the whole nation until Sunday, it
LANDSLIDES POSSIBLE: The agency advised the public to avoid visiting mountainous regions due to more expected aftershocks and rainfall from a series of weather fronts A series of earthquakes over the past few days were likely aftershocks of the April 3 earthquake in Hualien County, with further aftershocks to be expected for up to a year, the Central Weather Administration (CWA) said yesterday. Based on the nation’s experience after the quake on Sept. 21, 1999, more aftershocks are possible over the next six months to a year, the agency said. A total of 103 earthquakes of magnitude 4 on the local magnitude scale or higher hit Hualien County from 5:08pm on Monday to 10:27am yesterday, with 27 of them exceeding magnitude 5. They included two, of magnitude
CONDITIONAL: The PRC imposes secret requirements that the funding it provides cannot be spent in states with diplomatic relations with Taiwan, Emma Reilly said China has been bribing UN officials to obtain “special benefits” and to block funding from countries that have diplomatic ties with Taiwan, a former UN employee told the British House of Commons on Tuesday. At a House of Commons Foreign Affairs Committee hearing into “international relations within the multilateral system,” former Office of the UN High Commissioner for Human Rights (OHCHR) employee Emma Reilly said in a written statement that “Beijing paid bribes to the two successive Presidents of the [UN] General Assembly” during the two-year negotiation of the Sustainable Development Goals. Another way China exercises influence within the UN Secretariat is
Taiwan’s first drag queen to compete on the internationally acclaimed RuPaul’s Drag Race, Nymphia Wind (妮妃雅), was on Friday crowned the “Next Drag Superstar.” Dressed in a sparkling banana dress, Nymphia Wind swept onto the stage for the final, and stole the show. “Taiwan this is for you,” she said right after show host RuPaul announced her as the winner. “To those who feel like they don’t belong, just remember to live fearlessly and to live their truth,” she said on stage. One of the frontrunners for the past 15 episodes, the 28-year-old breezed through to the final after weeks of showcasing her unique