The Ministry of Economic Affairs on Monday eased penalties on Taiwanese businesses with unapproved investments in China, saying it would impose only the minimum fine on most violators if they reported these illegal investments and made new investments at home.
The newly modified regulations apply to unreported investments in China, regardless of their scale, if the investments were made before March 10 last year.
However, they do not apply to businesses that fall under categories “banned” by Taiwanese authorities for investment in China.
Businesses that failed to report investments made in China after March 10 will be fined depending on the size of investment. Ministry officials said, however, that violators would be treated more leniently under the new rules compared with those under the previous administration.
The modified rules are aimed at encouraging Taiwanese entrepreneurs to return home and generate new investment in the domestic market.
In response to the ministry’s announcement, some Taiwanese businesspeople that are based in China said the overture was not “very meaningful.”
Chuang Fu-chih (莊福池), chairman of a Taiwanese business association in Fuzhou City, Fujian Province, said only a sound investment climate would encourage Taiwanese businesspeople to return.
“Businesspeople should not be punished for investing in China, because it is a misguided policy,” he said. “Moreover, the number of violators is low.”
An undersea cable to Penghu County has been severed, the Ministry of Digital Affairs said today, with a Chinese-funded ship suspected of being responsible. It comes just a month after a Chinese ship was suspected of severing an undersea cable north of Keelung Harbor. The National Communications and Cyber Security Center received a report at 3:03am today from Chunghwa Telecom that the No. 3 cable from Taiwan to Penghu was severed 14.7km off the coast of Tainan, the Ministry of Digital Affairs said. The Coast Guard Administration (CGA) upon receiving a report from Chunghwa Telecom began to monitor the Togolese-flagged Hong Tai (宏泰)
EVA Air is prohibiting the use of portable chargers on board all flights starting from Saturday, while China Airlines is advising passengers not to use them, following the lead of South Korean airlines. Current regulations prohibit portable chargers and lithium batteries from check-in luggage and require them to be properly packed in carry-on baggage, EVA Air said. To improve onboard safety, portable chargers and spare lithium batteries would be prohibited from use on all fights starting on Saturday, it said. Passengers are advised to fully charge electronic devices before boarding and use the AC and USB charging outlets at their seat, it said. South
WAR SIMULATION: The developers of the board game ‘2045’ consulted experts and analysts, and made maps based on real-life Chinese People’s Liberation Army exercises To stop invading Chinese forces seizing Taiwan, board gamer Ruth Zhong chooses the nuclear option: Dropping an atomic bomb on Taipei to secure the nation’s freedom and her victory. The Taiwanese board game 2045 is a zero-sum contest of military strategy and individual self-interest that puts players on the front lines of a simulated Chinese attack. Their battlefield game tactics would determine the theoretical future of Taiwan, which in the real world faces the constant threat of a Chinese invasion. “The most interesting part of this game is that you have to make continuous decisions based on the evolving situation,
Actor Lee Wei (李威) was released on bail on Monday after being named as a suspect in the death of a woman whose body was found in the meeting place of a Buddhist group in Taipei’s Daan District (大安) last year, prosecutors said. Lee, 44, was released on NT$300,000 (US$9,148) bail, while his wife, surnamed Chien (簡), was released on NT$150,000 bail after both were summoned to give statements regarding the woman’s death. The home of Lee, who has retreated from the entertainment business in the past few years, was also searched by prosecutors and police earlier on Monday. Lee was questioned three
RSS