■ Diplomacy
Mori heads home
Former Japanese prime minister Yoshiro Mori left Taiwan yesterday afternoon after wrapping up a three-day private visit. Although no longer in power, Mori is still considered one of the few political heavyweights in Japan. He was the Japanese prime minister who granted a visa to former president Lee Teng-hui (李登輝) in 2001 allowing him to receive medical treatment in spite of strong opposition from Beijing. Political analysts said Mori's visit was expected to strengthen Taiwan-Japan ties in the lack of official relations. During Mori's stay in Taipei, he met with several important political figures, including President Chen Shui-bian (陳水扁) and Lee.
■ Finance
Tax cut to be extended
Taiwan's legislators plan to extend by a year a two-year capital gains tax cut on land sales to boost home sales, the Commercial Times reported, citing Chiu Tai-san (邱太三), a Democratic Progressive Party legislator.
Legislators plan to pass a bill as early as Tuesday allowing the government to maintain the capital-gains tax at between 20 and 30 percent, the report said.
The tax cut boosted property trading after it was implemented in February last year, the report said. Taiwan's government collected about NT$60 billion in capital-gains taxes on land sales last year, up from NT$42 billion in 2001, the paper reported.
The cut was introduced in a bid to help spur the sale of 1.2 million excess homes built during a real estate boom in the 1980s and 1990s.
■ Trade
Produce exhibition held
A two-day exhibition of Taiwan's high-quality agricultural products was launched yesterday in Tainan, with domestic and overseas buyers attending. The exhibition, organized by the China External Trade Development Council (CETRA) at the commission of the Council of Agriculture, is aimed at promoting the sale of Taiwan's agricultural products both in local and foreign markets. According to CETRA, foreign buyers attending the exhibition came mainly from South Korea, Malaysia, Hong Kong and Macau. As the government has attached much importance to such product-promotion activities, President Chen Shui-bian will be invited today to attend the exhibition, where more than 1,000 farm, livestock and marine products will be exhibited.
■ Airlines
Dragonair to buy a freighter
Hong Kong Dragon Airlines Ltd will buy a second-hand Boeing 747 freighter from Taiwan, the Standard said, citing the company's chief executive, Stanley Hui.
The carrier chose a 1989 Boeing 747-200F cargo plane, which was put up for sale by the Central Trust of China, a Taiwan government agency set up to handle public procurement, the newspaper said. Dragonair could pay between US$22.6 million and US$30 million for the freighter, it said.
The second-hand freighter, which is China Airlines' only remaining 747-200 freighter, will join Dragonair's freighter fleet as early as the end of next month, the Standard said. China Airlines is Taiwan's largest carrier. Dragonair, the city's second-largest carrier, said in May it may add as many as 10 Boeing freighters in the next five years as it seeks to boost revenue from carrying cargo resulting from increased trade with China. The carrier already owns three Boeing 747-300 freight-carrying planes.
Starlux Airlines, Taiwan’s newest international carrier, has announced it would apply to join the Oneworld global airline alliance before the end of next year. In an investor conference on Monday, Starlux Airlines chief executive officer Glenn Chai (翟健華) said joining the alliance would help it access Taiwan. Chai said that if accepted, Starlux would work with other airlines in the alliance on flight schedules, passenger transits and frequent flyer programs. The Oneworld alliance has 13 members, including American Airlines, British Airways, Cathay Pacific and Qantas, and serves more than 900 destinations in 170 territories. Joining Oneworld would also help boost
A new tropical storm formed late yesterday near Guam and is to approach closest to Taiwan on Thursday, the Central Weather Administration (CWA) said. Tropical Storm Pulasan became the 14th named storm of the year at 9:25pm yesterday, the agency said. As of 8am today, it was near Guam traveling northwest at 21kph, it said. The storm’s structure is relatively loose and conditions for strengthening are limited, WeatherRisk analyst Wu Sheng-yu (吳聖宇) said on Facebook. Its path is likely to be similar to Typhoon Bebinca, which passed north of Taiwan over Japan’s Ryukyu Islands and made landfall in Shanghai this morning, he said. However, it
Taiwan's Gold Apollo Co (金阿波羅通信) said today that the pagers used in detonations in Lebanon the day before were not made by it, but by a company called BAC which has a license to use its brand. At least nine people were killed and nearly 3,000 wounded when pagers used by Hezbollah members detonated simultaneously across Lebanon yesterday. Images of destroyed pagers analyzed by Reuters showed a format and stickers on the back that were consistent with pagers made by Gold Apollo. A senior Lebanese security source told Reuters that Hezbollah had ordered 5,000 pagers from Taiwan-based Gold Apollo. "The product was not
COLD FACTS: ‘Snow skin’ mooncakes, made with a glutinous rice skin and kept at a low temperature, have relatively few calories compared with other mooncakes Traditional mooncakes are a typical treat for many Taiwanese in the lead-up to the Mid-Autumn Festival, but a Taipei-based dietitian has urged people not to eat more than one per day and not to have them every day due to their high fat and calorie content. As mooncakes contain a lot of oil and sugar, they can have negative health effects on older people and those with diabetes, said Lai Yu-han (賴俞含), a dietitian at Taipei Hospital of the Ministry of Health and Welfare. “The maximum you can have is one mooncake a day, and do not eat them every day,” Lai
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