People holding co-branded EasyCards will soon be able to use them for travel on the high speed rail system, Taiwan High Speed Rail Corp (THSRC, 台灣高鐵) and EasyCard Corp (悠遊卡公司) announced yesterday.
The cards, issued by EasyCard and eight local banks for credit, debit and transportation payments, will be able to be used to purchase high speed rail non-reserved tickets by the end of the year, THSRC chairman Ou Chin-der (歐晉德) said.
TOUCH-AND-GO
Photo: CNA
“The touch-and-go service will save passengers at least 20 minutes of waiting and ticket processing time,” he said.
According to THSRC estimates, half of the current buyers of non-reserved tickets will take advantage of the new service.
Ou said the service will also help THSRC to double or triple its transportation load in the long term from 110,000 passengers per day.
REGULAR USERS
However, the two companies said they are still considering whether regular EasyCard holders will be able to join the program.
EasyCard Corp has been expanding the use of the -contactless smart cards in recent years to include, among other functions, payments for purchases of up to NT$10,000 (US$348) at contracted stores.
On June 1, the cards were made valid for fare payments on most buses in Taichung and Changhua counties.
They have also been in use on trains and highway buses since the beginning of this year.
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Nanya Technology Corp (南亞科技) yesterday said the DRAM supply crunch could extend through 2028, as the artificial intelligence (AI) boom has led the world’s major memory makers to dramatically reduce production of standard DRAM and allocate a significant portion of their capacity for high-bandwidth memory (HBM) chips. The most severe supply constraints would stretch to the first half of next year due to “very limited” increases in new DRAM capacity worldwide, Nanya Technology president Lee Pei-ing (李培瑛) told a news briefing. The company plans to increase monthly 12-inch wafer capacity to 20,000 in the first half of 2028 after a
Taiwan has enough crude oil reserves for more than 100 days and sufficient natural gas reserves for more than 11 days, both above the regulatory safety requirement, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday, adding that the government would prioritize domestic price stability as conflicts in the Middle East continue. Overall, energy supply for this month is secure, and the government is continuing efforts to ensure sufficient supply for next month, Kung told reporters after meeting with representatives from business groups at the ministry in Taipei. The ministry has been holding daily cross-ministry meetings at the Executive Yuan to ensure
RATIONING: The proposal would give the Trump administration ample leverage to negotiate investments in the US as it decides how many chips to give each country US officials are debating a new regulatory framework for exporting artificial intelligence (AI) chips and are considering requiring foreign nations to invest in US AI data centers or security guarantees as a condition for granting exports of 200,000 chips or more, according to a document seen by Reuters. The rules are not yet final and could change. They would be the first attempt to regulate the flow of AI chips to US allies and partners since US President Donald Trump’s administration said it rescinded its predecessor’s so-called AI diffusion rules. Those rules sought to keep a significant amount of AI