■ BANKING
BOC reportedly eyes HBOS
Bank of China (BOC, 中國銀行) could join forces with a Scottish businessman for a possible rival takeover bid for British mortgage lender HBOS, the BBC reported on Monday on its Web site. The BBC, which did not cite its source, said that BOC could join Jim Spowart, the creator of HBOS-owned online bank Intelligent Finance, in an audacious bid that could derail the agreed takeover of HBOS by Lloyds TSB. A potential takeover by BOC — if it were to succeed — would mark the biggest overseas acquisition ever by a Chinese group. However, the report added that the deal must be “at a pretty early stage” because no official statement has yet been issued to the London Stock Exchange.
■ENERGY
Putin seeks Russian role
Prime Minister Vladimir Putin called on Monday for Russia, the world’s second-largest oil exporter, to assume a greater role in influencing oil prices, Russian news agencies reported. “It’s clear that Russia, as one of the largest exporters and producers of oil and oil products, cannot sit on the sidelines in the process of how the global price for this commodity is formulated,” Interfax quoted Putin as saying after a government meeting on energy issues. “We have to develop a full set of measures which will enable us to actively influence the market.” Russian officials earlier said the government is considering setting up an oil reserve to influence prices.
■SOUTH KOREA
Economy hurting pets
Pets — and vets — are feeling the pinch as South Korea’s economy slows, a report said yesterday. Owners who cannot afford medical bills are failing to collect their animals from veterinary clinics after treatment while others are turning their dogs and cats out onto the street, the Korea Times said. Seoul vet Lee Joo-ho said he has had to send three dogs and one cat to animal shelters in the past month after owners failed to collect them. “Even humans are finding it hard to foot medical bills these days, so it’s not surprising to see people surrender their sick pets,” he said.
■MEDICINE
Intel helping doctors
The world’s biggest computer chip maker on Monday dove into the medical market with technology that lets doctors make house calls on patients without being there. Intel Health Guide uses gadgetry and Internet connections to enable medical personnel to monitor the health of chronically ill people from afar. Doctors and nurses can keep tabs on heart functions, blood sugar levels and other health factors of at-home patients and then manage their care remotely, Intel said. “The Health Guide is a step forward in offering more personalized and effective management of chronic health conditions in the home,” Intel Digital Health Group vice president Louis Burns said. Health care services provider Advanced Warning Systems Inc will use the Intel system to monitor retired athletes and military veterans considered high-risk for cardiovascular problems, Intel said.
■CONSTRUCTION
CRH says earnings will fall
CRH Plc, the world’s second-biggest building materials maker, said yearly earnings will drop more than predicted earlier as the US financial crisis spreads to Europe. Pretax profit will fall by a percentage in the “low to mid-teens,” Dublin-based CRH said yesterday in a Regulatory News Service statement. Construction growth in Poland and Ukraine, which had countered falling Irish and Spanish markets in the first-half, had slowed, it said.
The government is aiming to recruit 1,096 foreign English teachers and teaching assistants this year, the Ministry of Education said yesterday. The foreign teachers would work closely with elementary and junior-high instructors to create and teach courses, ministry official Tsai Yi-ching (蔡宜靜) said. Together, they would create an immersive language environment, helping to motivate students while enhancing the skills of local teachers, she said. The ministry has since 2021 been recruiting foreign teachers through the Taiwan Foreign English Teacher Program, which offers placement, salary, housing and other benefits to eligible foreign teachers. Two centers serving northern and southern Taiwan assist in recruiting and training
WIDE NET: Health officials said they are considering all possibilities, such as bongkrekic acid, while the city mayor said they have not ruled out the possibility of a malicious act of poisoning Two people who dined at a restaurant in Taipei’s Far Eastern Department Store Xinyi A13 last week have died, while four are in intensive care, the Taipei Department of Health said yesterday. All of the outlets of Malaysian vegetarian restaurant franchise Polam Kopitiam have been ordered to close pending an investigation after 11 people became ill due to suspected food poisoning, city officials told a news conference in Taipei. The first fatality, a 39-year-old man who ate at the restaurant on Friday last week, died of kidney failure two days later at the city’s Mackay Memorial Hospital. A 66-year-old man who dined
EYE ON STRAIT: The US spending bill ‘doubles security cooperation funding for Taiwan,’ while also seeking to counter the influence of China US President Joe Biden on Saturday signed into law a US$1.2 trillion spending package that includes US$300 million in foreign military financing to Taiwan, as well as funding for Taipei-Washington cooperative projects. The US Congress early on Saturday overwhelmingly passed the Further Consolidated Appropriations Act 2024 to avoid a partial shutdown and fund the government through September for a fiscal year that began six months ago. Under the package, the Defense Appropriations Act would provide a US$27 billion increase from the previous fiscal year to fund “critical national defense efforts, including countering the PRC [People’s Republic of China],” according to a summary
‘CARRIER KILLERS’: The Tuo Chiang-class corvettes’ stealth capability means they have a radar cross-section as small as the size of a fishing boat, an analyst said President Tsai Ing-wen (蔡英文) yesterday presided over a ceremony at Yilan County’s Suao Harbor (蘇澳港), where the navy took delivery of two indigenous Tuo Chiang-class corvettes. The corvettes, An Chiang (安江) and Wan Chiang (萬江), along with the introduction of the coast guard’s third and fourth 4,000-tonne cutters earlier this month, are a testament to Taiwan’s shipbuilding capability and signify the nation’s resolve to defend democracy and freedom, Tsai said. The vessels are also the last two of six Tuo Chiang-class corvettes ordered from Lungteh Shipbuilding Co (龍德造船) by the navy, Tsai said. The first Tuo Chiang-class vessel delivered was Ta Chiang (塔江)