ISSUE 148                                                                                     June 30, 2022
Taiwan Weekly
Reliable report and analysis of the most important issues in Taiwan
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● This Week in Taiwan: 
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EUA of Rapid Test Kits Suspected of Collusion
According to media reports, the Democratic Progressive Party (DPP) administration is taking advantage of the surging pandemic and demand of rapid test kits to profit certain businesses.
(Photo from: United Daily News)
Featured News

Even Food Stall Receives EUA for Rapid Test Kits, Making Amazing Profits

United Daily News, June 26, 2022

 

Since the local pandemic from April, scandals like the Gordon case and Daxin fraudulent rapid test kits have become common. According to the information obtained by this newspaper, from April to June 12 when the epidemic reached its peak in Taiwan, a total of about 296 million rapid test kits were imported, and the business opportunity was estimated to be up to about $1 billion U.S. dollars. So far, a total of 326 business entities have applied for emergency use authorization (EUA), and 33 of them had been granted EUA. If we deducted the largest number of test kits imported by Roche, Abbott and others, the remaining business entities have sold 140 million kits, making a profit of $50 million U.S. dollars at least, with an average profit of about $14 million U.S. dollars for each business entity.

read more

 

From: https://udn.com/news/story/122909/6415758

Featured News
U.S. patrol aircraft flew through the Taiwan Strait recently and was monitored by the People's Liberation Army (PLA) throughout the process. The incident signifies air space rivalry between the two powers above the Taiwan Strait.
(Photo from: United Daily News)

U.S. Military Aircraft Flew Over Taiwan Strait, Monitored by PLA

United Daily News, June 26, 2022

 

When a U.S. P-8A patrol and reconnaissance aircraft passed through the Taiwan Strait on June 24, mainland China’s air and ground troops followed closely throughout the entire process, strongly challenging each other over the Taiwan Strait. The U.S. Indo-Pacific Command said in a statement that the flight over the Taiwan Strait was in accordance with international law and demonstrated the U.S. commitment to a free and open Indo-Pacific. However, Spokesman Shi Yi of the mainland’s Eastern Theater Command, criticized that the United States acted deliberately to disrupt the regional situation and stability of the Taiwan Strait.

read more

 

From:

https://udn.com/news/amp/story/10930/6415587

https://udn.com/news/amp/story/10930/6415590

Featured Opinion
Chas Freeman, former U.S. Assistant Secretary of Defense, believes that the most dangerous time in the Taiwan Strait will be within three months following the United States presidential election in November 2024.
(Photo from: United Daily News)

Freeman Cautions Most Dangerous 3 Months in Taiwan Strait

By Kuo Chung-lun

United Daily News, June 25, 2022

 

In October 1995, the People’s Liberation Army (PLA) announced it would conduct missile exercises in the Taiwan Strait. Former U.S. Assistant Secretary of Defense Chas Freeman, who happened to be visiting Beijing then, warned the People’s Liberation Army (PLA) that the United States would react to the exercise. In response, Xiong Guangkai, deputy chief of staff of the PLA, expressed Beijing did not believe that the United States would dare to attack mainland China "because [they] value Los Angeles more than Taipei." This statement was seen as intimidation to the United States — if the United States defends Taiwan, California may face the threat of a nuclear attack.

read more

 

From: https://vip.udn.com/vip/story/121937/6413146

This Week in Taiwan
The American Chamber of Commerce in Taiwan released its 2022 white paper, contending that the most pressing issue of the year is stabilizing the energy supply.
(Photo from: China Times)
June 19: The winners of the 5th Tang Prize for biotechnology and medicine in 2022 were announced, and three scientists shared the NT$50 million (about US$1.6 million) prize. They successfully developed the application of mRNA technology in biomedicine, and their breakthrough research made possible mRNA vaccines, which became powerful weapons in combating the coronavirus (COVID-19). 
 
The three winners include American immunologist Drew Weissman, biochemist Katalin Karikó, and Canadian physicist Peter Cullius. They expressed gratitude with taped remarks. 
 
June 20: The Tourism Bureau, Ministry of Transportation and Communications, announced that the requirement for travelers to receive three doses of vaccine is canceled. Effectively immediately, those who have not received three doses of vaccine may show proof of a negative rapid test within 48 hours. 
 
June 20: The Army held its annual Leiting Exercise at the Jiupeng base of the National Chung-shan Institute of Science and Technology. A multiple rocket launcher of the 58th Artillery Command experienced an MK45 rocket jam, causing an explosion within the frame and the entire unit to burn down. Fortunately, no officer was injured. This is the first accident since the Thunder Rocket Artillery Vehicle, indigenously developed by the Armed Forces, entered service. 
 
June 22: While performing flight training at Zuoying base in the afternoon, an S-70C anti-submarine helicopter of the Navy suddenly fell to the ground from a height of 80 feet. The tail and rotor were broken and caught fire instantly. Four people including the pilot and co-pilot were injured. Among them, the foreman was in critical condition with burns between 90 and 95 percent. The family members gave up treatment on June 23. According to reports, the Navy did not notify at the first instance the Ministry of National Defense, which learned about the news more than an hour later.
 
June 22: The American Chamber of Commerce in Taiwan released its 2022 Taiwan White Paper. Vice Chair Andrea Wu indicated that the most urgent issue for Taiwan this year is to stabilize the energy supply. Up to 78 percent of members have concerns about unstable electricity supply. At the same time, the chamber called for opening the border while ensuring epidemic prevention safety, so as to secure investment opportunities. 
 
June 23: The Taiwan Research Institute released its economic outlook for Taiwan for the second half of 2022. Considering factors such as the Russia-Ukraine War, inflation, and the pandemic, global economic recovery has slowed down, and Taiwan's overall exports are also facing great uncertainty. The economic growth rate estimate was revised to 3.8 percent, down from the previous 4.05 percent. 
 
June 24: Taiwan saw the first imported case of monkeypox. A 25-year-old male student from Tainan returned to Taiwan on June 16 after studying in Germany for half a year received medical treatment on June 21 and 22 due to fever, sore throat, muscle aches, body rash, and swollen lymph nodes in the groin. He is currently housed in a hospital in Tainan. Taiwan is the third country in Asia to observe monkeypox cases.
 
June 27: The Ministry of Economic Affairs decided to increase electricity prices from July 1, raising prices most significantly on customers with high energy consumption and not increasing prices for residential and small business customers. The average increase will be 8.4 percent. High-voltage and ultra-high-voltage electricity customers will see prices hike by as much as 15 percent.
 
The business community criticized the price increase as unreasonable and urged the government to consider reviving nuclear power. According to critics, policy mistakes should not be borne by all the people.
Taiwan Weekly is a newsletter released every week by Fair Winds Foundation and Association of Foreign Relations which provides coverage and perspectives on the latest developments in Taiwan.

The conclusions and recommendations of any Taiwan Weekly article are solely those of its author(s) and do not reflect the views of the institutions that publish the newsletter.

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