City Taipei Financial News

China aims to «contain» foreign interference over Taiwan and «resolutely combat» any efforts towards the island's formal independence this year, which is the sensitive 75th anniversary of the founding of communist China, state media said on Friday. China views democratically ruled Taiwan as its own territory, ignoring the objections of the government in Taipei, and has ramped up political and military pressure to assert those claims. Taiwan last month elected current Vice President Lai Ching-te as its next president, a man Beijing has called a dangerous separatist. Lai, who takes office in May, has repeatedly offered talks with China but has been rebuffed.

Terry Gou, the billionaire founder of major Apple supplier Foxconn, made his first high-profile appearance in months on Tuesday at the firm's 50th birthday, following the ending of his bid for Taiwan's presidency late last year. Gou, who stepped down as Foxconn chief in 2019 and resigned as a board member last September, remains the company's largest shareholder and is still reverentially referred to by company executives as «the Founder».

TAIPEI (Reuters) — Terry Gou, the billionaire founder of major Apple (NASDAQ:AAPL) supplier Foxconn, made his first high profile appearance in months on Tuesday at the firm's 50th birthday, following the ending of his bid for Taiwan's presidency late last year.

Taiwan, a Memorandum of Understanding (MoU) was inked on Friday, opening doors for Indian migrant workers to explore job opportunities in Taiwan. «Taiwan-India relations reach a new high! The MOU on the Facilitation of Employment of Indian Workers, signed by @TWIndia2 Rep. Ger & @ita_taipei Rep Yadav,» the Ministry of Foreign Affairs of Taiwan (@MOFA_Taiwan) announced the milestone in a post on social media platform X. The MoU is seen as a step towards mutual benefits, igniting a robust momentum for deeper cooperation between the two nations.

labour-strained Taipei seeks to expand its foreign workforce beyond its traditional source countries of Southeast Asia, Reuters reported. Meanwhile, local media reports said Taiwan seeks to hire more Indian workers to address labour shortages in the manufacturing, construction, agriculture, and fishery industries. Taiwan is a major semiconductor producer but with an ageing society.

defence ministry said it detected 14 Chinese air force planes operating around Taiwan and carrying out "joint combat readiness patrols" with Chinese warships on Wednesday. China, which views Taiwan as its own territory, has over the past four years regularly sent warplanes and warships into the skies and waters around the island as it seeks to assert sovereignty claims that the Taipei government rejects. Taiwan's defence ministry said that starting around 1 p.m. (0500 GMT) on Wednesday it had detected 14 Chinese aircraft including J-16 fighters and drones operating off northern and southwestern Taiwan.

Taiwan's defence ministry said on Sunday it had detected eight Chinese balloons crossing the Taiwan Strait in the previous 24 hours, of which five flew across Taiwan, the second day in a row is has reported a large number of balloons. Taiwan, which China claims as its own territory despite the strong objections of the government in Taipei, has complained since December about the balloons, saying they are a threat to aviation safety and attempt at psychological warfare. In its daily report on Chinese military activities, Taiwan's defence ministry said it spotted the first balloon on Saturday morning and the last one mid-afternoon, having spotted the same number of balloons on Friday.

defence ministry said on Saturday it had detected eight Chinese balloons crossing the Taiwan Strait in the previous 24 hours, two of which flew across the island, in an uptick of activity at the start of the Lunar New Year holiday. Taiwan, which China claims as its own territory despite the strong objections of the government in Taipei, has complained since December about the balloons, saying they are a threat to aviation safety and attempt at psychological warfare.

TAIPEI (Reuters) — Taiwan's defence ministry said it detected 23 Chinese air force planes operating around Taiwan and carrying out «joint combat readiness patrols» with Chinese warships on Friday, ahead of high-level China-U.S. talks in Thailand.

ties and Taiwan will be topics raised at a meeting between U.S. National Security Advisor Jake Sullivan and Chinese Foreign Minister Wang Yi in Bangkok, building on a pledge by the leaders of the world's two largest economies to deepen dialogue. «During the new round of meetings, (Wang) will state China's position on China-U.S. relations, including the Taiwan issue, and exchange views with the U.S. side on international and regional issues of common interest,» a ministry spokesperson told reporters at a regular press conference.

Taiwanese prosecutors have expanded their investigation into ACE Exchange, requesting the detention of Chenhuan Wang, the president of the platform.

Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the week with heavy losses as investors pared back bets the Bank of Japan would soon abandon its uber-easy policies. Oil prices were on edge amid worries about increasing geopolitical risks in the Middle East. The U.S. launched new strikes against Houthi anti-ship missiles aimed at the Red Sea on Thursday, and Pakistan conducted strikes inside Iran, two days after Iranian strikes inside Pakistani territory. MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.9% on Friday, but was still down 2.9% for the week, the biggest weekly loss since mid-August. Taipei-listed shares of Taiwan Semiconductor Manufacturing (TSMC) surged 5.0% after the chipmaking giant projected 2024 revenue growth of more than 20%.

TAINAN, Taiwan—More than a decade ago, some residents of this southern Taiwanese city got a lesson in the character of the man who is now set to be Taiwan’s next president. Lai Ching-te, then Tainan’s mayor, wanted to move a section of railway underground. Residents whose homes would have to be demolished blocked bulldozers with their bodies and accused him of selling them out to property developers.

Jakarta: Indian shooters' gold rush continued in the Asia Olympic Qualifiers with Yogesh Singh winning the top prize in individual as well as team event of the men's 25m centre fire pistol competition on Monday. Yogesh claimed the individual gold medal after shooting 573, finishing ahead of silver winner Muad Al Balushi of Oman (570) and Indonesia's Anang Yulianto (567).

Taiwan told China on Sunday to «face reality» and respect its election result, after voters defied Beijing's warnings and chose pro-sovereignty candidate Lai Ching-te as its President. Voters spurned Beijing's repeated calls not to vote for Lai, delivering a comfortable victory for a man China's ruling Communist Party sees as a dangerous separatist. Beijing responded to Lai's victory by saying it would not change the «inevitable trend of China's reunification».

By Yimou Lee, Sarah Wu and James Pomfret

By Steve Holland, Nandita Bose and Trevor Hunnicutt

China which has repeatedly denounced him as a dangerous separatist. 1. The Chinese Foreign Ministry reaffirmed its claim to the breakaway territory as part of its own in its first official response to the presidential elections in neighbouring Taiwan.

Lai Ching-te was quoted as saying by CNN. While speaking to the media persons ahead of his victory speech on Saturday night, Lai added, "In the future, we hope that China will recognize the new situation, and understand that only peace benefits both sides of the strait." "We are telling the international community that between democracy and authoritarianism, we still stand on the side of democracy," the President-elect said further. While addressing thousands of supporters at a rally after coasting to a win in the Presidential elections, Lai said Taiwan managed to stay on the world map through the conduct of the polls.

Taiwan's ruling party, won an election on Saturday that China had framed as a choice between war and peace. The candidate for Taiwan's main opposition party the Kuomintang (KMT), Hou Yu-ih, conceded defeat in the election.

By Yimou Lee and Ben Blanchard