Vice President Annette Lu (
Addressing a colloquium held at the Chunan office of the Hsinchu Industrial Park, Lu said that so far, 71 percent of the overseas investments made by private Taiwanese companies have focused on China, which she described as tantamount to putting all the eggs in one basket.
Lu urged companies to avoid being "trapped by the Chinese authorities" and to instead invest abroad from a global perspective.
The vice president told executives of 20-odd companies from the science park who attended the colloquium to consider investing in Central and South American countries, such as the Dominican Republic, which she claimed could be a "brand new world" for Taiwanese investors in terms of making investments abroad.
Also speaking at the colloquium, Chen Cheng-chung (陳正忠), secretary-general of the International Cooperation and Development Fund (ICDF), told the high-tech company executives that Taiwan is expected to complete a second round of bilateral talks with the Dominican Republic in September on the signing of a free trade agreement between the two countries.
Tropical Storm Nari is not a threat to Taiwan, based on its positioning and trajectory, the Central Weather Administration (CWA) said yesterday. Nari has strengthened from a tropical depression that was positioned south of Japan, it said. The eye of the storm is about 2,100km east of Taipei, with a north-northeast trajectory moving toward the eastern seaboard of Japan, CWA data showed. Based on its current path, the storm would not affect Taiwan, the agency said.
The Taipei Department of Health’s latest inspection of fresh fruit and vegetables sold in local markets revealed a 25 percent failure rate, with most contraventions involving excessive pesticide residues, while two durians were also found to contain heavy metal cadmium at levels exceeding safety limits. Health Food and Drug Division Director Lin Kuan-chen (林冠蓁) yesterday said the agency routinely conducts inspections of fresh produce sold at traditional markets, supermarkets, hypermarkets, retail outlets and restaurants, testing for pesticide residues and other harmful substances. In its most recent inspection, conducted in May, the department randomly collected 52 samples from various locations, with testing showing
The cosponsors of a new US sanctions package targeting Russia on Thursday briefed European allies and Ukraine on the legislation and said the legislation would also have a deterrent effect on China and curb its ambitions regarding Taiwan. The bill backed by US senators Lindsey Graham and Richard Blumenthal calls for a 500 percent tariff on goods imported from countries that buy Russian oil, gas, uranium and other exports — targeting nations such as China and India, which account for about 70 percent of Russia’s energy trade, the bankroll of much of its war effort. Graham and Blumenthal told The Associated Press
INTEL: China’s ships are mapping strategic ocean floors, including near Guam, which could aid undersea cable targeting and have military applications, a report said China’s oceanographic survey and research ships are collecting data in the Indo-Pacific region — possibly to aid submarine navigation, detect or map undersea cables, and lay naval mines — activities that could have military applications in a conflict with Taiwan or the US, a New York Times report said. The article, titled “China Surveys Seabeds Where Naval Rivals May One Day Clash,” was written by Chris Buckley and published on Thursday. Starboard Maritime Intelligence data revealed that Chinese research ships last year repeatedly scanned the ocean floor east of Taiwan’s maritime border, and about 400km east and west of Guam; “waters that
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