Economy

    Economy (6)

    TAIPEI, Taiwan — William Lai (賴清德) has continued his tap dance to court centrist support while holding on to his more strongly pro-independent base.

    In a radio interview Friday morning with Hit FM, the Tainan mayor appeared to try to reassure the base, saying that while he was comfortable with close cross-strait ties, he still supported Taiwan independence.

    "I stand for Taiwan independence. No matter what position I am in, I will not change this stance, this ideal," the Democratic Progressive Party mayor said.

    Next week, Taiwan's power supply is projected to be the tightest it's been all year.

    State-run utility Taiwan Power Company (Taipower, 台電公司) said Taiwan had entered the season of the "orange alert," an indicator that flashes when the operating reserve falls below 6 percent of the total supply.

    Formosat-5, the first satellite developed by Taiwan, is scheduled to be launched on Aug. 25 in California, it was announced on Thursday.

    Chang Guey-shin (張桂祥), director-general of the National Space Organization, said the satellite has been developed in conjunction with local academic and industrial sectors.

    The Ministry of Science and Technology unveiled plans May 3 to set up an artificial intelligence and robotics production base as part of wider government efforts to foster the AI industry and bolster Taiwan’s competitiveness in smart manufacturing.

    Friday, 12 May 2017 09:33

    Countdown to Computex Taipei begins

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    Computex Taipei, set to run May 30 to June 3 at Taipei World Trade Center, will attract more than 1,600 firms from home and abroad to showcase their latest offerings at the largest information and communication technology trade show in Asia, according to co-organizer Taiwan External Trade Development Council (TAITRA).

    Thursday, 11 May 2017 23:37

    Taiwan Business Quick Take

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    Domestic investors return

    The Financial Supervisory Commission yesterday said that the return of domestic investors to the local bourse has helped pushed the TAIEX past the 10,000-point mark. The rally saw significant support from domestic investors instead of foreign institutional investors, Securities and Futures Bureau Deputy Director Chang Chen-shan (張振山) told a news conference in Taipei. He said that foreign institutional investors had accounted for 30.4 percent of trading, but the figure dipped to 27 percent at the end of last month.

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