■ TRADE
Chinese items to be tested
The Natural Products Association, a trade group for dietary-supplement manufacturers, will test the purity and composition of raw materials from China. The US Pharmacopeia, a nonprofit organization that sets standards for over-the-counter and prescription drugs, supplements and other health products, will perform the tests in its Shanghai laboratory, the trade group said in a statement on Saturday. "By testing raw materials in China, we're adding another layer of consumer protection to a process that has delivered good health products to Americans for generations," said David Seckman, executive director of Natural Products, in a statement. Chinese firms which agree to have their products examined will build reputations as reliable suppliers and gain access to new customers, the group said.
■ RATES
UK hike predicted
The Bank of England may raise its benchmark interest rate by a quarter point as soon as next month to cool inflation and curb money supply, Ernst & Young is expected to say in London today. Borrowing costs will have to rise further to stabilize prices, after inflation held above the bank's target for a 14th month in last month, the firm is expected today say. Ernst & Young will maintain its forecast for Britain's economic growth this year at 2.9 percent, the fastest pace since 2004. The Bank of England raised the benchmark interest rate this month to 5.75 percent, a six-year high.
■ JAPAN
Quake raises TEPCO's costs
Tokyo Electric Power Co (TEPCO) is likely to suffer extra costs of at least ?200 billion (US$1.7 billion) after one of its nuclear power plants was damaged by an earthquake last week, a media report said yesterday. "It is extremely difficult" for TEPCO to resume operations at the plant by March next year as it will take time to have its quake-resistance capabilities reinforced, the Nikkei Shimbun said. Authorities have ordered TEPCO to halt operations at the Kashiwazaki-Kariwa plant indefinitely.
■ OIL
SK Energy wins Peru stake
SK Energy, South Korea's largest oil refiner, said yesterday that it had won a bid to develop a "very promising" oil field in Peru's offshore Trujillo basin. The company said in a statement that it had won a 100-percent stake in the Peru Offshore Block Z-46 in a bidding round sponsored by Peru's oil licensing company Perupetro. Including the new oil field, SK Energy is now engaged in exploration and production of energy in 26 blocks in 14 countries. The company also plans on investing 544 billion won (US$596 million) in global exploration and production business this year.
■ SINGAPORE
Students urged to return
Citizens studying overseas have been urged to return home to pursue their careers amid a government drive to attract more professionals from overseas, the Sunday Times reported. Manpower Minister Ng Eng Hen (黃永宏) said Singapore needed "able people to fill" the job opportunities created by a vibrant domestic economy and strong Asian growth, the paper quoted him as saying. Of the 150,000 Singaporeans living, working and studying abroad, 40 percent are in their 20s and are sought after by top firms because of their educational background, Ng said.
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
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
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
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