The Solomon Islands said on Thursday that it had secured a US$66 million loan from China to fund tech giant Huawei Technologies Co’s (華為) plans to build 161 telecommunications towers across the Pacific nation.
The deal marks the first financing the country of islands has received from Beijing since it signed a secretive security pact in April following the severing of diplomatic links to Taiwan.
The Solomons’ government said the deal was a “historical financial partnership” that comes after it cut ties with Taiwan and restored ties with Beijing in 2019.
Photo: AP
However, the Solomons’ growing financial and security links to China have roused concern from the US and its allies. Western officials said that China could use the security pact to build a military base in the country — something Solomon Islands Prime Minister Manasseh Sogavare has repeatedly denied.
Under the terms of the deal, the Solomons is to receive a 20-year concessional loan from state-linked Export-Import Bank of China that would fully fund Huawei’s construction of the towers, the government said in a statement.
Almost half of the towers would be built before the country hosts the Pacific Island Games in November next year, it said.
The towers would allow islanders, especially those in rural areas, to watch the Games even if they are not able to not travel to the capital, Honiara, it said.
Sogavare this month proposed changing the country’s constitution to delay national elections until after the Games, saying the country could not afford both events.
Sogavare’s comments were called a “lame excuse” by opposition leader Matthew Wale, who said that any delay to the polls would amount to “an abuse of the people’s right to exercise their vote.”
The next election — due to be held before September next year — is to be the country’s first since widespread rioting by anti-Sogavare protests broke out in Honiara last year.
It would also be the first poll since Sogavare signed the security pact with Beijing which — according to a leaked draft — allows Chinese security forces to be called in to quell unrest.
If the push to delay elections is successful, the Solomon Islands would not go to the polls until 2024 at the earliest.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
The National Development Council (NDC) yesterday unveiled details of new regulations that ease restrictions on foreigners working or living in Taiwan, as part of a bid to attract skilled workers from abroad. The regulations, which could go into effect in the first quarter of next year, stem from amendments to the Act for the Recruitment and Employment of Foreign Professionals (外國專業人才延攬及僱用法) passed by lawmakers on Aug. 29. Students categorized as “overseas compatriots” would be allowed to stay and work in Taiwan in the two years after their graduation without obtaining additional permits, doing away with the evaluation process that is currently required,
RELEASED: Ko emerged from a courthouse before about 700 supporters, describing his year in custody as a period of ‘suffering’ and vowed to ‘not surrender’ Former Taiwan People’s Party (TPP) chairman Ko Wen-je (柯文哲) was released on NT$70 million (US$2.29 million) bail yesterday, bringing an end to his year-long incommunicado detention as he awaits trial on corruption charges. Under the conditions set by the Taipei District Court on Friday, Ko must remain at a registered address, wear a GPS-enabled ankle monitor and is prohibited from leaving the country. He is also barred from contacting codefendants or witnesses. After Ko’s wife, Peggy Chen (陳佩琪), posted bail, Ko was transported from the Taipei Detention Center to the Taipei District Court at 12:20pm, where he was fitted with the tracking