Taiwan to launch stimulus coupons

Taiwan’s coronavirus success and its global donations have led to a rise in patriotic pride and hopes of a greater international standing, according to the Financial Times.

Two hundred Hong Kong protesters came to Taiwan last year to immigrate, but only 20 had their applications accepted. This is understandably a sensitive situation so details of the protesters’ cases have not been publicized by the authorities.

Several nations like Greece and Japan have announced plans for travel bubbles to allow visitors from selected countries with low coronavirus cases, but it’s disappointing Taiwan is not being included for now. One place where Taiwanese can travel to without going through 14-day quarantine from July 1 is Guam.

Taiwan saw zero coronavirus cases on Wednesday, June 3, so total cases remain at 443, with seven deaths. There have been no locally-transmitted cases for 52 straight days.

Taiwan will launch stimulus consumer coupons in July for the public, which will be sold for NT$1000 (US$33) and have a value of NT$3000 (US$100).

Taiwanese tech companies are moving back and opening new factories as part of a government reshoring initiative. Since 2019, the initiative has attracted over NT$760 billion (US$25 billion) in investment.

Taiwan can build on its coronavirus success to power up its economy, with advanced technology in health and big data.

Taiwan has lowered its GDP forecast for this year to 1.67 percent, down from 2.37 percent.

Taiwan is looking to buy a coastal missile system and Harpoon missiles from the US to beef up its coastal defences, while a new advanced jet trainer will have its first test flight in June.

Taiwan’s Coast Guard launched the first of four 4,000-ton frigates, which can also be outfitted for defence during attack by enemy nations. The locally-built “Chiayi” carries one helicopter and professional-grade medical facilities.

Given the precarious situation in the region, Taiwan should offer to let US warships dock at its facilities.

Here’s the history of how Eslite came into being.

BBC looks at Taiwan solved its garbage problem to become one of the world’s top recycling nations.