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.
PERSISTENT RUMORS: Nvidia’s CEO said the firm is not in talks to sell AI chips to China, but he would welcome a change in US policy barring the activity Nvidia Corp CEO Jensen Huang (黃仁勳) said his company is not in discussions to sell its Blackwell artificial intelligence (AI) chips to Chinese firms, waving off speculation it is trying to engineer a return to the world’s largest semiconductor market. Huang, who arrived in Taiwan yesterday ahead of meetings with longtime partner Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), took the opportunity to clarify recent comments about the US-China AI race. The Nvidia head caused a stir in an interview this week with the Financial Times, in which he was quoted as saying “China will win” the AI race. Huang yesterday said
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ￥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence (AI) chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centers that are less than 30 percent complete to remove all installed foreign chips, or cancel plans to purchase them, while projects in a more advanced stage would be decided on a case-by-case basis, the sources said. The move could represent one of China’s most aggressive steps yet to eliminate foreign technology from its critical infrastructure amid a
Japanese technology giant Softbank Group Corp said Tuesday it has sold its stake in Nvidia Corp, raising US$5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-based Softbank said it sold the stake in Silicon Vally-based Nvidia last month, a move that reflects its shift in focus to OpenAI, owner of the artificial intelligence (AI) chatbot ChatGPT. Softbank reported its profit in the April-to-September period soared to about 2.5 trillion yen (about US$13 billion). Its sales for the six month period rose 7.7 percent year-on-year
RSS