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TAIPEI (Reuters) -Taiwan s government proposed on Thursday an extra T$210 billion ($7.52 billion) in spending to help the economy deal with the COVID-19 pandemic, as it reported 13 new domestic cases amid a rare spike in infections that has spooked the stock market. Early and effective prevention steps, including largely closing its borders, succeeded in shielding Taiwan from the worst of the pandemic. The island of 24 million people has reported just 1,256 infections so far, most of them imported. But markets and the government have been on edge since renewed domestic outbreaks began late last month, with 16 new domestic cases announced on Wednesday setting a record daily high. The benchmark stock index fell 1.5% on Thursday, though it also tracked losses in the United States overnight. Chu Tzer-ming, head of the Directorate-General of Budget, Accounting and Statistics, said they were proposing another T$210 billion to add to previously announced stimulus spending worth T$420 billion, ....
Taiwan warns on rising COVID-19 risk, share market tumbles By Yimou Lee and Ben Blanchard Reuters TAIPEI (Reuters) - Taiwan may raise its COVID-19 alert level in the coming days , Health Minister Chen Shih-chung said on Wednesday, warning of an extremely serious situation that sent the island s stock market tanking. On Tuesday, Taiwan announced plans to restrict public gatherings as a result of a cluster of six new cases with no clear infection source, an unusual outbreak for the island that had kept a tight lid on community outbreaks. Describing the situation as very serious , Chen told parliament the level could be lifted a notch to three, limiting gatherings to five people indoors and 10 outdoors, as well as closing of non-essential businesses. ....
Taiwan s China Airlines says pilot quarantines to hit freight operations 05/11/2021 5:42 TAIPEI (Reuters) -Taiwan s largest carrier, China Airlines Ltd, said on Tuesday that the quarantining of its pilots to stem a COVID-19 outbreak is expected to affect more than 10% of its freighter capacity, potentially affecting the island s exports. Taiwan has kept the pandemic under control thanks to early prevention, with only sporadic domestic cases, but since last month it has been dealing with an outbreak linked to China Airlines pilots and an airport hotel where many of them stayed. There have been 35 confirmed infections so far in the outbreak. The government announced on Monday it would quarantine for 14 days all the airlines pilots to stem the spread of the infection. ....
Message : Required fields WASHINGTON (Reuters) - The U.S. Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritise the needs of U.S. automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said. Raimondo told a Council of the Americas event on Tuesday that longer term, increased investment was needed to produce more semiconductors in the United States and that other critical supply chains needed re-shoring, including to allied countries. We re working hard to see if we can get the Taiwanese and TSMC, which is a big company there, to, you know, prioritize the needs of our auto companies since there s so many American jobs on the line, Raimondo said in response to a question from a General Motors Co executive. ....
Publishing date: May 05, 2021 • 3 hours ago • 2 minute read • Article content WASHINGTON The U.S. Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritize the needs of U.S. automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said. Raimondo told a Council of the Americas event on Tuesday that longer term, increased investment was needed to produce more semiconductors in the United States and that other critical supply chains needed re-shoring, including to allied countries. We apologize, but this video has failed to load. Try refreshing your browser, or U.S. Commerce Dept. presses Taiwan for more chips to automakers Back to video ....