Cellphone use growing
China added 6.5 million cellphone subscribers in February, increasing the number of subscribers in the world's biggest wireless market to 473.9 million, government data showed. The country added 1 million fixed-line telephone subscribers in February for a total of 370 million users, Wang Lijan, a Beijing-based spokesman for the Ministry of Information Industry, said by telephone on Friday. China, the world's second-biggest Internet market by users, added 3 million broadband subscribers during the month for a total of 55.3 million users, he said.
W Virginia poultry banned
Cuba, Japan, Russia and Taiwan have declared poultry from the southern state of West Virginia temporarily ineligible for importation following the discovery of avian flu at a turkey farm. The countries will not accept any poultry or poultry products from the state. Also, Hong Kong will not accept such imports from Pendleton County, where the avian flu was found, said Matt Herrick, a spokesman for the US Department of Agriculture's Foreign Agricultural Service. "They are temporary measures based on international guidelines," Herrick said on Thursday. Timeframes for resuming poultry imports will depend on each country's standards.
Nick Leeson jacket sold
A trading jacket worn by Nick Leeson as he caused the collapse of Britain's Barings Bank by hiding losses sold for ?21,000 (US$41,000) on Thursday, with proceeds going to bank creditors, the Guardian reported. The striped jacket, with "Nick" embroidered on an inside pocket, was bought by Paul Taylor, who runs an investment fund backed by the Gulf state of Qatar, the British paper said on its Web site. Barings collapsed in 1995 after Leeson ran up losses of US$1.4 billion through derivatives trading in Singapore. Leeson spent three-and-a-half years in a Singaporean prison later and is now the general manager of an Irish football club, Galway United.
Yen not focus of G7 meeting
G7 finance chiefs are likely to discuss currencies at their meeting in Washington next week but will not focus on the weakness of the yen, Japanese Finance Minister Koji Omi said yesterday. "Discussion on exchange rates is likely to include the yen, the dollar, the euro and the yuan," he said. But finance ministers and central bank heads from the G7 industrialized states "will not particularly focus on the yen" at their meeting next Friday, Omi told reporters. The G7 ministers opted for a relatively soft line on the sliding Japanese yen at their February meeting in Germany, despite European concerns about the currency's weakness which hurts eurozone exporters.
Daiwa to spread investment
Daiwa Securities Group Inc, Japan's second-biggest securities firm, said it will invest ?100 billion (US$842 million) in private equity transactions outside Japan within two years. Daiwa plans to invest the money mainly in Asia, including China and India, as part of the firm's plan to broaden global operations, said Yoshihisa Kaneko, the company's spokesman in Tokyo. Daiwa, which is in the second year of its three-year business plan, wants to offer more overseas investment products to wealthy Japanese individuals and other clients to boost fees.
‘HERO OF THE ERA’: President Tsai Ing-wen expressed deep sadness at Lee’s passing, and told the government to assist his family with all their needs Former president Lee Teng-hui (李登輝) passed away at 7:24pm yesterday at Taipei Veterans General Hospital. He was 97 years old. The hospital stated the cause of death as septic shock and multiple organ failure. Lee had been hospitalized there since February, when he choked on a mouthful of milk at home. He was later diagnosed with pulmonary infiltrates and aspiration pneumonia. The hospital said that Lee had been treated with antibiotics, but that his health had not improved, as his advanced age and diabetes had inhibited his immune system and led to recurring infections. During his hospitalization, Lee underwent daily kidney dialysis, which removed
‘WEAK POSITIVE’: The man arrived in Taiwan in May and was quarantined for two weeks, Chen Shih-chung said, adding that he might be infected a long time ago The government is considering tightening mask-wearing rules again in light of a potential domestic COVID-19 infection, Minister of Health and Welfare Chen Shih-chung (陳時中) said yesterday. The Central Epidemic Command Center (CECC) confirmed seven new COVID-19 cases, six of which are imported. The other case involves a Belgian engineer who entered Taiwan on May 3 and remained in quarantine until May 17, said Chen, who heads the CECC. Although the source of infection has yet to be identified, the case could end the nation’s record of not having any domestic cases in the previous 110 days. The Belgian, in his 20s, is a technician
RECEIVING TREATMENT: President Tsai Ing-wen, Vice President William Lai and Premier Su Tseng-chang visited former president Lee Teng-hui yesterday morning Taipei Veterans General Hospital yesterday rebutted speculation that former president Lee Teng-hui (李登輝) had died a day earlier, saying that he was weak, but receiving treatment. The hospital said the 97-year-old Lee was not in good condition and needed ongoing care, adding that if there are any changes in his condition, it would make those public. The comments came after rumors emerged online on Tuesday that Lee had died after being hospitalized since early February. Soon after the unsubstantiated rumors emerged, reporters started flocking to the hospital seeking confirmation. Lee was admitted to Taipei Veterans General Hospital on Feb. 8 after choking while drinking
ROAD TO HISTORY: When Lee Teng-hui joined the KMT, the likelihood of a Taiwanese becoming ROC president, much less its first directly elected one, was hard to imagine Lee Teng-hui (李登輝), who was born on Jan. 15, 1923, in the farming community of Sanshi Village, Taihoku Prefecture — now New Taipei City’s Sanzhi District (三芝) — during the Japanese colonial era, and rose to become mayor of Taipei and not only the Republic of China’s (ROC) first Taiwan-born president, but its first directly elected one as well. Educated in the Japanese educational system of the time, Lee, who spoke Japanese, Hoklo (also known as Taiwanese), Mandarin and English, won a scholarship to Kyoto Imperial University, but his studies were interrupted by World War II. He earned a bachelor’s