Results for: Taiwan

Taiwan has announced plans to remove over 750 statues of Chiang Kai-shek, a former dictator who ruled the island for nearly three decades. Chiang’s reign was marked by brutality and political repression, with an estimated 140,000 people imprisoned and 3,000 to 4,000 executed. Despite his authoritarian rule, Chiang is also credited with modernizing Taiwan and helping to secure its independence from China. The decision to remove his statues has sparked debate in Taiwan, with some arguing that it is an attempt to erase the country’s historical ties to China.

The US Senate is set to vote on a $95 billion war aid package for Israel, Ukraine, and Taiwan. The package includes $61 billion for Ukraine, $26 billion for Israel, $8 billion for Taiwan, and a provision that could ban TikTok in the US. The legislation has drawn some opposition from conservatives who argue that it is too expensive and that the US should be focused on other priorities. However, it is expected to pass with broad bipartisan support.

The Senate is set to vote on a $95 billion war aid package for Ukraine, Israel, and Taiwan on Tuesday. The legislation has been delayed for months due to internal debates over U.S. involvement abroad. The aid to Ukraine is crucial as the country faces escalating Russian attacks. The package also includes assistance to Israel and measures to counter China in Taiwan. Despite bipartisan support, a growing number of conservative Republicans oppose the aid, causing potential career implications for top Republican leaders.

The Senate is set to vote on a $61 billion aid package for Ukraine, $26 billion for Israel, and $8 billion for Taiwan. The legislation has faced months of delays and internal debate over the U.S.’s involvement abroad.

Taiwan’s incoming president, Lai Ching-te, expressed his gratitude for a multi-billion U.S. military aid package, which he believes will strengthen the island’s defense against increasing political and military pressure from China. Lai emphasized the aid’s importance in boosting deterrence against authoritarianism and enhancing confidence in the region’s countries in the United States’ commitment to safeguarding democratic values. The aid package includes $9.8 billion for countering China’s regional influence, $1.9 billion for replenishing Taiwan’s military equipment and training, and $2 billion for foreign military financing for countries in the region. Lisa McClain, a member of the visiting U.S. delegation, reaffirmed their commitment to building and strengthening relations with Taiwan. The announcement of the aid package comes ahead of U.S. Secretary of State Antony Blinken’s visit to China, where he will urge Beijing to curb its wartime support for Russia.

Admiral John Aquilino, the departing commander of the US Indo-Pacific Command, has issued a warning about China’s rapidly escalating aggressive stance in Asia. Aquilino emphasized the urgent need to recognize the pace at which China is advancing its military buildup and assertive behavior. His comments coincide with Secretary of State Tony Blinken’s upcoming high-stakes visit to China, where he will convey US concerns about Chinese support for Russia’s war in Ukraine and seek to avoid further deterioration in relations between the two countries.

A magnitude 6.1 earthquake struck Taiwan on Tuesday, jolting the eastern part of the island. The epicenter was located at a depth of 87 kilometers, according to the National Centre for Seismology (NCS). There were no immediate reports of casualties or damage to infrastructure.

Investors are bracing for a potential further drop in Taiwan Semiconductor Manufacturing Co. (TSMC) stock, which has witnessed a sharp decline in recent days. The chipmaker’s stock has been on a downward trajectory since its April 11 earnings call, where it revised its growth forecasts for the semiconductor industry. These revisions reflect industry challenges and led to a market value loss of over $100 billion.

A cluster of earthquakes struck Taiwan on Tuesday, with the strongest registering a magnitude of 6.1. While no casualties were reported, damage was sustained to two multi-story buildings previously evacuated after a 7.4 magnitude quake earlier in April, which claimed 13 lives and injured over 1,000. Taiwan, prone to earthquakes, has implemented strict building codes and public education campaigns to mitigate the impact on its 23 million residents.

The U.S. Congress has passed a $95 billion foreign aid package, which includes $61 billion for Ukraine, $26 billion for Israel and humanitarian efforts in Gaza, and $8 billion for Taiwan and other U.S. allies in the Indo-Pacific region. The portion of funding earmarked for Ukraine received the most opposition from lawmakers but ultimately passed the house on Saturday with bipartisan support 311-112. The bill is expected to pass the Senate and be signed into law by President Biden.