■ SARS
Perng offers solution
The dark days of the Asian financial crisis saw central bank governor Perng Fai-nan (彭淮南) credited with finding the right medicine to cure the nation's financial woes. Now, as a deadly flu-like virus spreads rapidly around the world, Perng says a mixture of vinegar, crushed garlic, lily flowers and other Chinese herbal medicines can ward off severe acute respiratory syndrome (SARS). Perng offered his own variant of the concoction to central bank employees and journalists, saying "this can be effective against SARS," one bank official said yesterday. In an internal memo, the central bank said its in-house grocery store would offer the vinegar-based potion for employees.
■ Meeting
Taiwanese officials observe
Two Taiwanese officials are participating in an international conference on controlling drug abuse and trafficking that opened in Panama City Monday. It is the first time in more than two decades that Taiwan has managed to take part in a global meeting on contraband drug control as an observer. Cabinet-level Coast Guard Administration officials Ko Chi-ming (柯繼明) and Liu Chih-wei (劉志偉) are representing Taiwan in the 21st International Meeting on Control of Drugs, which is jointly organized by the US Drug Enforcement Administration and the National Police of Panama. Representatives from 63 countries are participating in the three-day meeting, which features discussions on international cooperation to facilitate the control of drug trafficking. Ko said the meeting gives him and his colleagues an opportunity to learn from the experiences of other countries in fighting drug trafficking.
■ Tourism
Data show industry hurting
The US-led war in Iraq and the outbreak of severe acute respiratory syndrome have taken a heavy toll on Taiwan's travel market, according to government figures released yesterday. Statistics compiled by the Bureau of Immigration show that the number of outbound travelers declined 20 percent last month compared with the year-earlier level. About 90 percent of China-bound tour groups have canceled their travel plans, with the daily decline reaching 4,900 people. Nearly all Hong Kong-bound individual travelers dropped their travel plans. The number of visitors to Japan fell by 10 to 20 percent last month while the number of Southeast Asia- and Europe-bound visitors decreased 30 percent to 40-percent and 20 percent to 30 percent, respectively. Foreign arrivals also plunged. The number of tourist arrivals slid 5.5 percent from the year-earlier level, according to the Bureau of Immigration.
■ SARS
WTO meeting halted
Vice Minister of Economic Affairs Chen Ruey-lung (陳瑞隆) returned to Taipei yesterday after the World Trade Organization (WTO) suddenly halted a meeting in Beijing due to an alert over the global spread of severe acute respiratory syndrome (SARS). Chen returned to Taiwan aboard a charter flight via Seoul rather than through Hong Kong, which, together with China, has been declared by the World Health Organization (WHO) as an affected area since the outbreak of the disease in the middle of last month. Chen had originally planned to return April 13 after the seminar had concluded, but the WTO decided to halt the proceedings following a WHO suggestion that meetings being held in Asia be canceled as soon as possible and that travelers return home as quickly as possible.
Taiwan has received more than US$70 million in royalties as of the end of last year from developing the F-16V jet as countries worldwide purchase or upgrade to this popular model, government and military officials said on Saturday. Taiwan funded the development of the F-16V jet and ended up the sole investor as other countries withdrew from the program. Now the F-16V is increasingly popular and countries must pay Taiwan a percentage in royalties when they purchase new F-16V aircraft or upgrade older F-16 models. The next five years are expected to be the peak for these royalties, with Taiwan potentially earning
STAY IN YOUR LANE: As the US and Israel attack Iran, the ministry has warned China not to overstep by including Taiwanese citizens in its evacuation orders The Ministry of Foreign Affairs (MOFA) yesterday rebuked a statement by China’s embassy in Israel that it would evacuate Taiwanese holders of Chinese travel documents from Israel amid the latter’s escalating conflict with Iran. Tensions have risen across the Middle East in the wake of US and Israeli airstrikes on Iran beginning Saturday. China subsequently issued an evacuation notice for its citizens. In a news release, the Chinese embassy in Israel said holders of “Taiwan compatriot permits (台胞證)” issued to Taiwanese nationals by Chinese authorities for travel to China — could register for evacuation to Egypt. In Taipei, the ministry yesterday said Taiwan
Taiwan is awaiting official notification from the US regarding the status of the Agreement on Reciprocal Trade (ART) after the US Supreme Court ruled US President Donald Trump's global tariffs unconstitutional. Speaking to reporters before a legislative hearing today, Premier Cho Jung-tai (卓榮泰) said that Taiwan's negotiation team remains focused on ensuring that the bilateral trade deal remains intact despite the legal challenge to Trump's tariff policy. "The US has pledged to notify its trade partners once the subsequent administrative and legal processes are finalized, and that certainly includes Taiwan," Cho said when asked about opposition parties’ doubts that the ART was
If China chose to invade Taiwan tomorrow, it would only have to sever three undersea fiber-optic cable clusters to cause a data blackout, Jason Hsu (許毓仁), a senior fellow at the Hudson Institute and former Chinese Nationalist Party (KMT) legislator, told a US security panel yesterday. In a Taiwan contingency, cable disruption would be one of the earliest preinvasion actions and the signal that escalation had begun, he said, adding that Taiwan’s current cable repair capabilities are insufficient. The US-China Economic and Security Review Commission (USCC) yesterday held a hearing on US-China Competition Under the Sea, with Hsu speaking on