Vice Premier Lin Hsin-i (
Stressing that the government will continue to push for balanced development between the north and south of the country, Lin said the Kaohsiung free trade port plan is an established government policy and that he expects the plan to be approved by the legislature in June.
He said that a budget for the plan will be drawn up as soon as possible.
The plan was first put forward by the Kaohsiung City Government to the Council for Economic Planning and Development. The council allocated NT$82.2 billion (about US$2.35 billion) for the project last July.
Within a free-trade port area, foreign imports can be stored or processed before being reshipped to a third country or area, while businesses based there enjoy a variety of tax incentives.
According to the vice premier, the Ministry of Transportation and Communications is also assessing a "two-port" plan it will present to the council for a final settlement.
Under the plan, the government will link Kaohsiung Port with Taipei Port to forge an air-sea traffic network.
As for the direct-links issue, Lin said the government will move gradually toward the goal in line with its basic stance -- sea links and cargo traffic ahead of air links and passenger travel.
Lin added that the links issue is still being assessed by the Mainland Affairs Council.
However, he said that Kaohsiung Port will benefit greatly from direct links.
He added the government has also worked out various economic stimuli plans.
On Sunday Lin said that the difficult days are numbered for the people, as the government will release various pump-priming and reform packages to improve the economy so that it keeps pace with the global economic recovery.
He also said the economy has already bottomed out and is now rising, despite some remaining risks such as war between the US and Iraq.
Tropical depression TD22, which was over waters south of the Ryukyu Islands, is likely to develop into a tropical storm by this morning and pose a significant threat to Taiwan next week, the Central Weather Administration (CWA) said yesterday. The depression is likely to strengthen into a tropical storm named Krathon as it moves south and then veers north toward waters off Taiwan’s eastern coast, CWA forecaster Hsu Chung-yi (徐仲毅) said. Given the favorable environmental conditions for its development, TD22’s intensity would reach at least typhoon levels, Hsu said. As of 2pm yesterday, the tropical depression was about 610km east-southeast of Taiwan proper’s
Four factors led to the declaration of a typhoon day and the cancelation of classes yesterday, Taipei Mayor Chiang Wan-an (蔣萬安) said. Work and classes were canceled across Taiwan yesterday as Typhoon Krathon was forecast to make landfall in the southern part of the country. However, northern Taiwan had only heavy winds during the day and rain in the evening, leading some to criticize the cancelation. Speaking at a Taipei City Council meeting yesterday, Chiang said the decision was made due to the possibility of landslides and other problems in mountainous areas, the need to avoid a potentially dangerous commute for those
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SEMICONDUCTORS: TSMC is able to produce 2-nanometer chips and mass production is expected to be launched by next year, the company said In leading-edge semiconductor manufacturing China is behind Taiwan Semiconductor Manufacturing Co (TSMC) by at least 10 years as the Taiwanese chipmaker’s manufacturing process has progressed to 2 nanometers, National Science and Technology Council (NSTC) Minister Wu Cheng-wen (吳誠文) said yesterday. Wu made the remarks during a meeting of the Legislative Yuan’s Education and Culture Committee when asked by Democratic Progressive Party Legislator Wu Pei-yi (吳沛憶) about a report published in August by the Chinese version of Nikkei Asia that said Taiwan’s lead over China in chip manufacturing was only three years. She asked Wu Cheng-wen if the report was an accurate