Biden administration signs off on $425M in arms sales to Taiwan

The Biden administration has approved two separate arms sales to Taiwan worth more than $425 million as China has stepped up its threats and aggression toward the island.  The State Department said the sales are for spare aircraft parts to support Taiwan’s F-16 fighters, C-130 transport planes and other weapons systems that the United States…
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Hawley wants US aid sent to Taiwan over Ukraine as top Marine issues China warning

WASHINGTON — Sen. Josh Hawley chastised the State Department on Wednesday for prioritizing weapons deliveries to Ukraine over Taiwan — as the top Marine general warned that Washington is not moving fast enough to prepare Taipei for a potential invasion by China. “You are prioritizing arms to Ukraine over our vital security interests in Asia,” Hawley (R-Mo.) wrote in his letter to Secretary of State Antony Blinken. “This is not a tenable position.” The US has sent Ukraine approximately $19.7 billion in military aid since the beginning of the Biden administration, the vast majority after Russia invaded the country Feb. 24. According to...
World Screen News

Singapore Leads in Night One of Asian Academy Creative Awards

Singapore took home seven wins during night one of the Asian Academy Creative Awards today, followed by India with four. The Asian Academy Creative Awards are taking place in Singapore this week, with regional winners across a range of categories being presented over two nights. The Gala Awards Final tomorrow night (Thursday) will see the presentation of a further 18 performance and scripted categories.

Mediacorp & Taiwan’s TAICCA strike co-development pact

Taiwan’s government-backed Creative Content Agency (TAICCA) has partnered with Singapore’s national broadcaster, Mediacorp, to co-develop original content for international audiences. The two organisations have struck a two-year deal, signing a memorandum of understanding (MoU), that “paves the way for both parties to collaborate on a range of projects...

RealD Signs Deals With India’s PVR, Taiwan’s Shin Kong As Asian Exhibitors Gear Up For ‘Avatar’ Release

RealD has signed separate deals with India’s PVR Cinemas and Taiwan’s Shin Kong Cinemas as Asia’s exhibitors smarten up their tech offerings ahead of the global rollout of Avatar: The Way of Water in mid-December.  Under the deal with PVR, RealD will install its “Ultimate 3D” projection systems in 100 cinema screens across India over the next three years. Most of the 100 systems will be installed in PVR’s Premium Large Format auditoriums, branded as P[XL]. According to a statement issued by RealD during the on-going CineAsia trade show in Bangkok, the PVR installation has already started. “For 25 years, PVR has been...

Taiwan bans state-owned devices from running Chinese platform TikTok

Public sector bans of Chinese platform TikTok on the grounds of national security have arisen in both Taiwan and additional US states following last week’s ban in South Dakota. US FCC Commissioner has praised Taiwan’s move as “smart” and its Ministry of Digital Affairs as having “strong leadership.”...

TSM Stock Alert: What to Know as Taiwan Semiconductor Triples Investment in Arizona Factory

It looks like Taiwan Semiconductor (NYSE:TSM) is preparing to expand its already sizable presence in the global semiconductor market. The company just revealed its plans to build its second microchip production plant in Arizona. Moreover, President Joe Biden attended an opening ceremony in the city of Phoenix for Taiwan Semiconductor’s new production plant. Nevertheless, TSM stock fell during the early hours of today’s trading session.
Citrus County Chronicle

Under China's 'zero COVID,' uncertainty reigns and unsettles

TAIPEI, Taiwan (AP) — As coronavirus cases rose in Shanghai earlier this year and the city's lockdown stretched from weeks to months, Leah Zhang’s feeling of suffocation grew. Though she could walk around campus freely, she was robbed of weekends spent seeing concerts in the city. She couldn’t...
Washington Examiner

Why the US should be wary about going to war over Taiwan

Last month’s first in-person summit between President Joe Biden and Chinese leader Xi Jinping was a relatively successful event, even if there weren’t many specific outcomes. Both leaders came away pledging to keep up U.S.- China dialogue. Secretary of State Antony Blinken will visit Beijing early next year.
International Business Times

Global Warning Signs: Taiwan's Exports Slump More Than Expected

Taiwan's exports fell for the third straight month in November and more sharply than forecast due to the worsening state of theglobal economy and China's COVID-19 curbs, with inflation and interest rate rises weighing on demand across the world. Exports dropped 13.1% by value last month from a year earlier...

US Proposes Patriot Missile Upgrade for Taiwan: Report

The US has proposed an upgrade of Patriot surface-to-air missiles sold to Taiwan in 2010. The proposal includes upgrading as many as 100 Patriot Advanced Capability (PAC) – 3 missiles to the PAC-3 Missile Segment Enhancement (MSE) version, Bloomberg reported, citing a Department of State notice. The upgrade includes...

TABLE-China's November trade with U.S., EU, other key economies

BEIJING, Dec 7 (Reuters) - China's exports and imports shrank at their steepest pace in at least 2-1/2 years in November, due to weakening global demand, production disruptions and waning demand at home amid widespread pandemic controls. Exports contracted 8.7% in November from a year earlier, a sharper fall from a 0.3% loss in October and marked the worst performance since February 2020, official data showed on Wednesday. Inbound shipments were down sharply by 10.6% from a 0.7% drop in October, weaker than a forecast 6.0% decline. The downturn was the worst since May 2020. Here is a breakdown of China's exports and imports with its biggest trade partners in November. Nov Exports Imports Balance Exports Imports Exports Imports +/- % y/y +/- % y/y +/- % m/m +/- % m/m Japan 14.5 14.2 0.3 -5.6% -24.5% -2.6% -3.5% South 13.0 15.4 -2.4 -11.9% -25.9% -8.8% -1.8% Korea Taiwan 5.8 17.4 -11.6 -20.6% -29.4% -6.5% -10.4% European 44.8 22.9 21.9 -10.6% -16.2% 1.5% 6.6% Union USA 40.8 16.5 24.3 -25.4% -7.3% -13.2% 28.5% Australia 7.0 11.8 -4.7 7.2% -10.0% 11.7% 10.2% ASEAN 50.3 37.0 13.3 5.2% -3.7% 2.9% 11.1% (Reporting by Ellen Zhang and Ryan Woo; Editing by Rashmi Aich)
Washington Times

Congress includes $10B in defense budget for Taiwan to stave off China’s designs on island democracy

Congress is poised to significantly boost U.S. security assistance to Taiwan to thwart a potential invasion by China as part of this year’s must-pass defense policy bill. The final text of this year’s $847 billion National Defense Authorization Act provides up to $10 billion in foreign military financing grants to Taipei over the next five years. It also includes provisions that authorize “presidential drawdown authority” to fast-track military aid to Taiwan in a manner similar to U.S. aid for Ukraine.

The imminent Pearl Harbor 2.0

Eighty-one years ago today, a hostile power executed with extreme stealth and deadly skill an attack that devastated the U.S. military in the Pacific and thrust this country into World War II. We are now at risk of an imminent, and far more decisive, reprise at the hands of a vastly more formidable adversary, the Chinese Communist Party.