■ ECONOMY
Japanese rates unchanged
The Bank of Japan decided yesterday to keep its benchmark interest rate unchanged at 0.5 percent, a move that had been widely expected in the market. The central bank's decision at the end of a two-day meeting was unanimous, it said in a statement. The bank also maintained its upbeat assessment of the economy in a monthly report, saying that production, exports and consumer spending are improving, keeping the economy on track for moderate expansion. The bank last changed the benchmark interest rate in February, doubling it from 0.25 percent.
■ ELECTRONICS
Samsung opens US fab
South Korea's Samsung Electronics said yesterday it has opened a giant plant at Austin, Texas, to supply US customers with the most advanced memory chips used for various mobile devices. The plant, as large as nine football fields, will produce 12-inch wafers whose yields are 2.4 times greater than less advanced eight-inch wafers. The US$3.5 billion facility will produce 60,000 such wafers every month. The new plant will manufacture NAND flash memory chips, which are widely used in a host of products including MP3 players, mobile phones and digital cameras.
■ AUTOMOBILES
Nanjing to revive the Healey
China's Nanjing Auto (南京汽車) said yesterday it would revive the Austin Healey and Healey cars after decades off the road, as part of the deal that saw it buy part of Britain's defunct MG Rover Group. Nanjing Auto signed agreements on Tuesday with Healey Automobile Consultants, which had been responsible for the brands, to formally take control of them, Nanjing MG Automotive Company spokesman Lu Qiang said. Nanjing Auto, China's oldest car maker, bought the rights to develop the historic cars from the bankrupt MG Rover Group, once makers of the iconic Mini and Jaguar, in July 2005. The first Chinese made MGs came off the assembly line in March.
■ INTERNET
Browser copies hit a million
Apple Inc said on Thursday that users have downloaded more than 1 million copies of the Windows version of its Safari Internet browser in the first 48 hours it was available. The computer and consumer electronics company launched the Web browser on Monday, setting off another layer of competition with its archrival, Microsoft Corp. Safari had about 5 percent of the market share for Internet browsers with more than 18 million users when it was previously available only for Macintosh computers, according to Apple. Several researchers wasted no time in pointing out security vulnerabilities they found in the Windows version of Safari, and Apple issued an update to the browser on Thursday to fix those bugs.
■ HEALTHCARE
Firm says paste now safe
A Chinese firm accused of manufacturing tainted toothpaste said it has stopped using a chemical found in antifreeze, Xinhua news agency reported yesterday amid a row about the safety of Chinese products. Shanghai White Cat Shareholding Co Ltd, maker of "MAXAM" toothpaste, said in a statement the company stopped using diethylene glycol in all products on May 21. The statement said the chemical, a thickening agent used in antifreeze, was commonly used in toothpaste.
NO HUMAN ERROR: After the incident, the Coast Guard Administration said it would obtain uncrewed aerial vehicles and vessels to boost its detection capacity Authorities would improve border control to prevent unlawful entry into Taiwan’s waters and safeguard national security, the Mainland Affairs Council (MAC) said yesterday after a Chinese man reached the nation’s coast on an inflatable boat, saying he “defected to freedom.” The man was found on a rubber boat when he was about to set foot on Taiwan at the estuary of Houkeng River (後坑溪) near Taiping Borough (太平) in New Taipei City’s Linkou District (林口), authorities said. The Coast Guard Administration’s (CGA) northern branch said it received a report at 6:30am yesterday morning from the New Taipei City Fire Department about a
IN BEIJING’S FAVOR: A China Coast Guard spokesperson said that the Chinese maritime police would continue to carry out law enforcement activities in waters it claims The Philippines withdrew its coast guard vessel from a South China Sea shoal that has recently been at the center of tensions with Beijing. BRP Teresa Magbanua “was compelled to return to port” from Sabina Shoal (Xianbin Shoal, 仙濱暗沙) due to bad weather, depleted supplies and the need to evacuate personnel requiring medical care, the Philippine Coast Guard (PCG) spokesman Jay Tarriela said yesterday in a post on X. The Philippine vessel “will be in tiptop shape to resume her mission” after it has been resupplied and repaired, Philippine Executive Secretary Lucas Bersamin, who heads the nation’s maritime council, said
REGIONAL STABILITY: Taipei thanked the Biden administration for authorizing its 16th sale of military goods and services to uphold Taiwan’s defense and safety The US Department of State has approved the sale of US$228 million of military goods and services to Taiwan, the US Department of Defense said on Monday. The state department “made a determination approving a possible Foreign Military Sale” to the Taipei Economic and Cultural Representative Office in the US for “return, repair and reshipment of spare parts and related equipment,” the defense department’s Defense Security Cooperation Agency said in a news release. Taiwan had requested the purchase of items and services which include the “return, repair and reshipment of classified and unclassified spare parts for aircraft and related equipment; US Government
More than 500 people on Saturday marched in New York in support of Taiwan’s entry to the UN, significantly more people than previous years. The march, coinciding with the ongoing 79th session of the UN General Assembly, comes close on the heels of growing international discourse regarding the meaning of UN Resolution 2758. Resolution 2758, adopted by the UN General Assembly in 1971, recognizes the People’s Republic of China (PRC) as the “only lawful representative of China.” It resulted in the Republic of China (ROC) losing its seat at the UN to the PRC. Taiwan has since been excluded from