Minister of Finance Chuang Tsui-yun (莊翠雲) is to lead a delegation to the Asian Development Bank’s (ADB) 56th annual meeting of the board of governors in Incheon, South Korea, from today to Friday, the ministry said yesterday.
The minister plans to shore up Taiwan’s international visibility and explore opportunities for multilateral financial connections and cooperation at the meeting, it said.
This year’s theme is “Rebounding Asia: Recover, Reconnect and Reform,” the bank said on its Web site.
Photo: Clare Cheng, Taipei Times
At the meeting, finance ministers, central bank governors and officials from ADB members are to interact with representatives from the private sector, development partners, young people, academia, civil society and the media, it said.
Central bank Deputy Governor Chu Mei-lie (朱美麗), who is Taiwan’s alternate governor to the ADB, is also to attend.
The board of governors are expected to focus on the bank’s role in ensuring a sustainable and inclusive recovery among developing member countries, while seeking to make greater contributions in the region, including on climate change, it said.
Participants are also to explore ways to expand ADB’s lending capacity to meet high demand for financing, it added.
The meeting’s events provide an opportunity for policymakers and development leaders from across Asia and the Pacific to examine the issues that would shape the region’s recovery from the COVID-19 pandemic, ADB Managing Director General Woochong Um said.
The flagship Governors’ Seminar is to focus on policies to support the region’s rebound.
ADB President Masatsugu Asakawa is to update the governors on the bank’s operations and set forth his vision for the organization at the business sessions.
Other seminars are to address topics such as workforce and technology needs for a green transition, gender and financial inclusion, new sources of growth and the private sector’s role in promoting sustainable growth, it said.
NEW MARKET: The partnership opens up India to the Dutch company, which already has a strong hold in the semiconductor market of South Korea, Taiwan and China ASML Holding NV entered into a partnership agreement with Tata Electronics Pvt Ltd aimed at ramping up India’s goal to develop domestic chip-manufacturing capabilities. The Dutch company’s technology would help power Tata Electronics’ planned 300 millimeter (mm) semiconductor foundry in Gujarat, according to a joint statement from the two companies on Saturday. The signing of a memorandum of understanding coincides with a visit by Indian Prime Minister Narendra Modi to the Netherlands, which is looking to deepen bilateral relations with New Delhi. ASML, whose top customers include Taiwan Semiconductor Manufacturing Co (台積電) and Samsung Electronics Co, makes lithography machines that can print
TECH RELIANCE: Growth is increasingly reflecting an unequal K-shaped distribution, where technology sectors outperform and other industries struggle, an expert said Standard Chartered Bank has significantly raised its forecast for Taiwan’s economic growth to 9.5 percent this year, up from 7.6 percent previously, citing surging artificial intelligence (AI) demand driving exports, semiconductor production and investment. The upgrade reflects a sustained AI supercycle that continues to fuel demand for advanced chips and technology infrastructure, which form the backbone of Taiwan’s exports, the bank said in a report this week. “We raise our 2026 growth forecast to reflect a much stronger-than-expected first-quarter GDP figure,” Standard Chartered senior economist for greater China and Asia Tommy Wu (胡東安) said in the report. Driven largely by a 35.3 percent
Tokyo Electron's Taiwan unit today said in a written response that it respects the judicial process, takes the court ruling seriously and would not appeal in the Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) trade secrets case. Last month, a court fined the Taiwan unit of Japan's Tokyo Electron NT$150 million (US$4.74 million) in a case involving trade secrets related to TSMC's sensitive chip technology.
Two of Taiwan’s international carriers, Starlux Airlines Co (星宇航空) and EVA Airways Corp (長榮航空), have retained the five-star airline rating awarded by international airline review organization Skytrax. Starlux was awarded the distinction for a second consecutive year, while EVA Air received it for the 11th straight year, Skytrax said in statements released yesterday and on Thursday last week, respectively. The five-star rating is considered one of the airline industry's highest honors and is awarded following professional audits of airline product and frontline service standards, Skytrax said. The ratings are based on in-depth assessments using unified global quality standards rather than customer review scores
RSS