City Taipei Financial News

Aug 8th, Taipei – Gate.io CEO Dr. Han Lin delivered an insightful presentation at the Asia Blockchain Summit 2024, focusing on the evolution of the cryptocurrency industry. Dr. Han explored the current state of the crypto sector, emphasizing that while the industry’s growth has been impressive, there remains substantial potential for further expansion.

Subscribe to enjoy similar stories. TAIPEI—Sgt. Lai Chung-yu had almost everything a Chinese spy recruiter could want in a Taiwanese asset.

Of the 12 aircraft sorties, nine crossed the median line of the Taiwan Strait and entered Taiwan's southwestern and eastern Air Defense Identification Zones (ADIZ). In a post on X, the MND wrote, «12 sorties of PLA aircraft and 6 PLAN vessels operating around Taiwan were detected up until 6 a.m. (UTC+8) today.» It added, «9 out of 12 sorties crossed the median line and entered Taiwan's southwestern and eastern ADIZ. We have monitored the situation and responded accordingly.»

Marco Rubio announced on Monday (local time) the imposition of visa restrictions on Chinese officials responsible for limiting the access of US officials to Tibetan areas. This move is in response to the Chinese Communist Party's (CCP) long-standing refusal to allow US diplomats, journalists, and international observers into Tibet while Chinese officials enjoy unrestricted access to the United States. «Today, I am taking steps to impose additional visa restrictions on Chinese officials determined to be substantially involved in the formulation or execution of policies related to access for foreigners to Tibetan Areas, pursuant to the Reciprocal Access to Tibet Act of 2018,» Rubio said in a statement. «For far too long, the Chinese Communist Party (CCP) has refused to afford US diplomats, journalists, and other international observers access to the Tibet Autonomous Region (TAR) and other Tibetan areas of China, while China's diplomats and journalists enjoy broad access in the United States. US diplomats are also unable to provide services to US citizens traveling in Tibet,» he added. Further, the US urged the CCP to immediately address this issue and allow diplomats and others unrestricted access to TAR.

Xi Jinping is making China’s presence more felt across the Indo-Pacific region by testing US allies on sensitive issues, as Donald Trump’s attention is taken up elsewhere. From sending warships off Australia’s coast for unprecedented shooting drills to flying a record number of “grey zone” balloons around Taiwan, and putting pressure on Thailand over human rights issues, Beijing is ramping up efforts to project power in the region. China also issued a strongly worded warning on Taiwan to Tokyo — which doesn’t officially recognize Taipei — against “colluding” with separatists. Trump’s sudden embrace of Russia, skepticism of NATO allies and tariffs that punish friendly nations have fueled concerns about the US as a reliable security partner in Asia, where Washington has for decades provided a buffer to Beijing.

A statement by ministers meeting in Canada mirrored a February Japan-U.S. statement in condemning «coercion» toward Taiwan, language that heartened Taipei in its increasingly tense standoffs with Beijing. Compared to a G7 foreign ministers' statement in November, the statement added members' concerns over China's nuclear buildup, although it omitted references to their concerns about Beijing's human rights abuses in Xinjiang, Tibet and Hong Kong. Also missing were references stressing the desire for «constructive and stable relations with China» and recognizing the «importance of direct and candid engagement to express concerns and manage differences.» The statement dropped past reassurances, recently stated in November, that there is «no change in the basic position of the G7 members on Taiwan, including stated One-China policies,» as well as that the G7 is «not decoupling or turning inwards» and recognizing the importance of China in global trade.

Net profit for October-December for Apple's top iPhone assembler and Nvidia's AI server maker came in at T$46.33 billion ($1.41 billion), missing analysts' average forecast of T$54.4 billion, according to an LSEG consensus estimate of 15 analysts. Foxconn said in January its fourth-quarter revenue jumped 15.2% to a record for that quarter on strong sales of AI servers.

artificial intelligence servers. Net profit for October-December for Apple's top iPhone assembler and Nvidia's AI server maker likely came in at T$54.4 billion ($1.65 billion), according to an LSEG consensus estimate of 15 analysts, versus T$53.15 billion a year earlier. Foxconn said in January its fourth-quarter revenue jumped 15.2% to a record for that quarter on strong sales of AI servers.

Subscribe to enjoy similar stories. TAIPEI—In an era of brutal great-power politics, how do lesser powers get by? For this embattled Pacific island, a lifeline comes from landlocked Slavs half a world away. Taiwan and the Czech Republic, living in the shadow of China and Russia, have found common cause when small powers worry about being trampled by bigger rivals.

Taiwan Economy Minister Kuo Jyh-huei said on Thursday that chipmaker TSMC would need government permission for any overseas joint ventures, but there are no restrictions on making the most advanced chips overseas other than for China.

TSMC, when asked about possible investment in Intel and the United States.

In a statement, the White House highlighted the range of security assistance provided to Taiwan, including the first-ever use of Foreign Military Financing (FMF) and Presidential Drawdown Authority (PDA), as well as International Military Education and Training (IMET), Taipei Times reported. The statement also noted that President Joe Biden had identified the Indo-Pacific as a crucial region for the future of both the US and the world.

White House said, while the State Department approved the potential sale to the island of $265 million worth of military equipment. The United States is bound by law to provide Chinese-claimed Taiwan with the means to defend itself despite the lack of formal diplomatic ties between Washington and Taipei, to the constant anger of Beijing. Democratically governed Taiwan rejects China's claims of sovereignty.

To determine the busiest international and domestic flight routes, OAG analyzed the volume of scheduled airline seats from January to December 2024. The routes listed reflect round trip flights rather than one-ways in a single direction. “With the Asia Pacific region very close to a full recovery, the busiest routes are concentrated in the familiar major hubs of Hong Kong, Seoul Incheon and Singapore,” said John Grant, chief analyst at OAG, in a release.

Subscribe to enjoy similar stories. TAIPEI—China massed dozens of navy and coast guard vessels in what appears to be the largest maritime exercises targeting Taiwan and the broader Western Pacific region since 1996, a potent warning to the incoming Trump administration of its intention to eventually take control of the island. China’s military didn’t announce the start of any drills.

Taiwan's Mainland Affairs Council (MAC) had condemned China and Russia for escalating tensions in the Asia-Pacific region. The council's statement on Friday highlighted Chinese military activity in the Taiwan Strait and joint military operations between China and Russia, which breached South Korea's air defence identification zone (KADIZ) earlier this week, Taipei Times reported. These actions have raised concerns about increasing instability in the region.

This marks a significant increase of TWD 634.669 million, or 53.48 per cent, from the current year's TWD 1,186,718,000, according to the Legislative Yuan's Budget Centre. Compared to last year's confidential spending of TWD 751,157,000, the proposed budget represents a jump of TWD 1,070,230,000, or 142.48 per cent. The rise has sparked calls for greater transparency regarding the use of these funds.

Donald Trump's «protection» money demand seriously with large and early new arms deals, showing it is not looking for a free ride and is determined to show Washington its resolve to spend to defend itself.

Taiwan is making a longshot push to join the International Monetary Fund

Subscribe to enjoy similar stories. As Beijing dispatched its military Monday in a show of force that encircled Taiwan, China’s coast guard posted a map showing its ships ringing the island in a heart-shaped formation, describing it as “an act of love." To Taiwan, the social-media message was just one piece of China’s multifaceted campaign to intimidate, isolate and influence the people and leaders of the island democracy to give up their commitment to self-rule. Alongside its most high-profile tactic—sending a message of military dominance—China is employing what Taiwan says is an expanding army of hackers, diplomats, prosecutors and celebrities in its effort to persuade Taiwan to submit to Beijing.

Subscribe to enjoy similar stories. TAIPEI—For years, residents of Taiwan who were curious what a Chinese invasion might look like had to rely largely on their own imaginations. Now they are starting to get help.

Subscribe to enjoy similar stories. PINGTUNG, Taiwan—Taiwan’s military recently set up live-fire exercises on this stretch of coastline facing China to show off half a dozen brand-new Humvee armored vehicles mounted with antitank missile launchers—part of its recent delivery of weapons from the U.S. But the missiles designed for use with the launchers didn’t arrive with the shipment.