AED sells Timor Sea stake
Australia’s AED Oil said yesterday it had sold a 60 percent stake in its Timor Sea oil fields to Sinopec (中國石化), the second-largest crude producer in energy-hungry China. AED chairman David Dix said that under the US$561 million deal, AED and Sinopec would form a joint venture company to develop assets including the Puffin and Talbot fields in the Timor Sea. AED estimates its Timor Sea oil reserves at 100 million barrels.
Shell facility attacked
Anglo-Dutch oil giant Shell halted production yesterday at a major offshore oil facility in Nigeria because of a militant attack, a spokesman said. “We shut down production at the Bonga oil field following an attack by unknown militants this morning,” Shell spokesman Precious Okolobo said. The attack was the latest in a series targeting the oil major. Last week, Shell said it would not be able to honor contracts for this and next month from its Bonny terminal after a militant group sabotaged its key crude supply pipelines back in April.
Japanese giant grows food
Japanese retail giant Seven & I Holdings Co said yesterday that it would enter the farming business to produce its own vegetables amid growing consumer concerns about food safety. The group will grow vegetables in cooperation with farmers in Chiba Prefecture east of Tokyo to sell at its Ito-Yokado supermarket chain, the second largest in Japan, a company spokesman said. The company, which also operates 7-Eleven convenience stores, will grow vegetables such as cabbages, radishes, carrots and spinach on 2 hectares of land in cooperation with the farmers.
Mexican firms freeze prices
Food manufacturers promised Mexico’s government on Wednesday that they would freeze prices on more than 150 food products to help families cope with rising costs. Mexican President Felipe Calderon said prices for goods such as beans, canned tuna, fruit juices, coffee, ketchup and canned tomatoes would remain fixed until Dec. 31. “This is a measure that will positively and directly benefit the finances of millions of Mexicans,” Calderon said, flanked by representatives of Mexico’s business chambers. “This reflects the commitment of Mexican businessmen to the country and to price stability.”
UK firm cuts jobs
British group Imperial Tobacco said yesterday it would cut 2,440 jobs worldwide, including 1,060 positions in France, as part of a restructuring after the takeover of French-Spanish firm Altadis. “The enlarged group employs around 40,000 people worldwide. The restructuring projects will potentially reduce this number by around 2,440,” Imperial Tobacco said in a statement to the London Stock Exchange.
Toyota cuts US production
Toyota Motor Corp will cut production at three US plants in response to slowing sales, a spokeswoman said yesterday, hitting a bump on the road to becoming the world’s top automaker. Some 200 temporary workers will lose their jobs as a result of the cutbacks, she said. “We will slow down assembly lines, reduce operating hours and temporarily suspend production,” the spokeswoman said. The measures were to “cope with slowing sales in North America,” she said.
‘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
THAI CASE UPDATE: Twenty-nine close contacts of the worker have been tested with two types of tests, including 18 dorm mates, with 28 negative results so far Five imported cases of COVID-19, four from the Philippines and one from Hong Kong, were reported yesterday, bringing the total confirmed cases in Taiwan to 467, the Central Epidemic Command Center (CECC) said yesterday. The four returning from the Philippines were on the same flight, and the local health department has identified 15 people who had direct contact with them — including 10 passengers in the two rows in front or behind them, who have been put under 14-day home isolation, and five crew members, who will practice 14-day self-health management, said Centers for Disease Control (CDC) Deputy Director-General Chuang Jen-hsiang