DIRS.INFO The most relevant business & tech news

☆ Foxconn shares drop after report of China tax audit, land use probe
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +3 min

A woman drives past the logo of Foxconn outside the company's building in Taipei, Taiwan November 9, 2022. The Global Times did not give details of the tax or land use probes, which have not been officially announced by any Chinese government department. The Chinese state media report comes less than three months before Taiwan votes in presidential and parliamentary elections. Speaking at a campaign rally on Sunday, Taiwan Vice President Lai Ching-te, the DPP's presidential candidate and leading the polls, said the Chinese report on the investigation was "unexpected" and "regretful". Foxconn shares were down 2.4% at 0204 GMT, underperforming the broader Taiwanese market (.TWII).

Persons: Ann Wang, Foxconn, Terry Gou, Taiwan's, Huang Shih, Gou, Lai Ching, Hai, Ben Blanchard, Jacqueline Wong, Edwina Gibbs, Sonali Paul Organizations: REUTERS, Rights, Global Times, Hai Precision Industry Co, Democratic Progressive Party, Taiwan, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, China's, Henan, Hubei, Zhengzhou, India, U.S

☆ Fearing China, South Korea targets firms building Taiwan navy submarines
▼ + stars: | 2023-10-16 | by ( Ju-Min Park | ) www.reuters.com time to read: +10 min

SI Innotec, which was fined in August 2022, and Park, who received a suspended prison sentence, deny wrongdoing and have appealed. The equipment was not designed solely for military purposes and did not involve sensitive technology, SI Innotec told Reuters. SI Innotec said the contract, at CSBC's request, listed the equipment's primary use as for wind power generation. "The accused were fully aware that the subject equipment would be used to manufacture a military submarine", the court ruled. It was at this point that Seoul's foreign ministry told DAPA it disapproved of the deal, one of them said.

Persons: Tsai Ing, Narwhal, Carlos Garcia Rawlins, Park Mal, sik, China's, DAPA, Moon Jae, Taiwan's, Innotec, SI Innotec, Moo, sik —, —, Yang Hyang, Yang, KHNT's, KHNT, Cho Hyeon Gyu, 1,343.1000, Ben Blanchard, Faith Hung, Tian, Katerina Ang, Josh Smith Organizations: REUTERS, Rights, Reuters, Administration, Keumha Naval Technology, South, Police, Foreign Ministry, Democratic Progressive Party, Indigenous Defense, South Korean, Foreign Trade, SI, Thomson Locations: Kaohsiung, Taiwan, Rights SEOUL, Beijing, Seoul, U.S, China, South Korea, Park, Taipei, Netherlands, Pacific, Beijing . U.S, Changwon, Korea

☆ Taiwan Sets up Task Force to Study Israel-Hamas War
▼ + stars: | 2023-10-11 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

Chiu, asked by reporters at parliament about what lessons Taiwan has learned from Israel's conflict with Palestinian Hamas militants, said the ministry had set up a task force to monitor the situation. Taiwan holds presidential and parliamentary elections in January, which the main opposition party, the Kuomintang (KMT), has cast as a choice between war and peace. The KMT has accused the ruling Democratic Progressive Party (DPP) of taking Taiwan to the brink of war by intentionally provoking China, which it strongly denies. Senior DPP lawmaker Wang Ting-yu, responding on his Facebook page, criticised the KMT for not condemning China and its threats against Taiwan. Israel is an even smaller nation than Taiwan and likewise lives under constant threat," he told an audience that included Taiwan Foreign Minister Joseph Wu.

Persons: Yimou Lee, Ben Blanchard, Chiu Kuo, cheng, heightening, Chiu, Tsai Ing, Eric Chu, Chu, Wang Ting, Wang, Tsai, Scott Morrison, Joseph Wu, Gerry Doyle Organizations: Defence, Taiwan, Kuomintang, KMT, Democratic Progressive Party, Sunday, Beijing, Taiwan Foreign, Stockholm International Peace Research Institute Locations: Ben Blanchard TAIPEI, Taiwan, Israel, China, Beijing, Hamas, Palestinian, Australian, Taipei, Stockholm

☆ Foxconn founder Terry Gou says he has reached Taiwan election bid threshold
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

[1/4] Foxconn founder Terry Gou shakes hands with his supporters at one of his signature campaign offices in New Taipei City, Taiwan September 20, 2023. REUTERS/Ann Wang/ File Photo Acquire Licensing RightsTAIPEI, Oct 6 (Reuters) - Terry Gou, the billionaire founder of major Apple supplier Foxconn (2317.TW), said on Friday he had already collected enough electorate signatures to qualify to stand as an independent in January's presidential election. "Your signatures are a responsibility for me, and your signatures are a spur and encouragement to me. Gou, who stepped down as Foxconn chief in 2019, must gather close to 300,000 voter signatures by Nov. 2 to qualify as an independent candidate, according election regulations. The Central Election Commission will review the signatures and announce the results by Nov. 14.

Persons: Terry Gou, Ann Wang, Gou, Democratic Progressive Party's, William Lai, Lai, Ben Blanchard, Toby Chopra Organizations: REUTERS, Rights, Apple, Democratic Progressive Party, Democratic Progressive, Kuomintang, Taiwan People's Party, Thomson Locations: New Taipei City, Taiwan, Rights TAIPEI, Ukraine, China, Banqiao, Taipei, Beijing

☆ Taiwan elects its own leaders so it is already independent, presidential frontrunner says
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: +1 min

Taiwan Vice President and Chairman of ruling Democratic Progressive Party, or DPP, William Lai gestures during his speech at the DPP headquarters in Taipei on April 12, 2023. In an interview with Japanese media, a transcript of which his campaign team released on Friday, Lai was asked on his position on Taiwan independence. Taiwan regularly elects leaders at all levels of government, right from the grassroots up to the president, Lai said. If it is not sovereign and independent, how can there be a presidential election? Therefore, there is no need to declare Taiwan's independence again," he added.

Persons: William Lai, Lai Organizations: Taiwan, Democratic Progressive Party Locations: Taipei, Taiwan, China, Beijing, Republic of China

☆ Taiwan says China has 'very diverse' ways of interfering in election
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsTAIPEI, Oct 4 (Reuters) - China has "very diverse" ways of interfering in Taiwan's elections in January, from military pressure to spreading fake news, including manipulating opinion polls, a senior Taiwanese security official said on Wednesday. Ahead of elections, Taiwan routinely flags the risk of interference from Beijing, which claims the democratically governed island as its own, saying China seeks to sway the outcome to candidates who may be more favourable toward the country. "The way the Chinese Communists interfere in elections is very diversified," Taiwan National Security Bureau Director-General Tsai Ming-yen told lawmakers during a parliamentary committee session. China can use military pressure, economic coercion or fake news to create a false choice between "war or peace" in the election, seeking to frighten voters, Tsai said. China has increased military activities around Taiwan since the last election in 2020, and regularly sends warships and fighters into the seas and skies near the island.

Persons: Dado Ruvic, Tsai Ming, Tsai, William Lai, Lai, Xi Jinping, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, Taiwan National Security, Taiwan Affairs Office, Taiwan, Democratic Progressive Party, People's Liberation Army Rocket Force, Thomson Locations: Rights TAIPEI, China, Taiwan, Beijing

☆ In election year, Taiwan's national day becomes polarising celebration
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

Former Taiwan President Ma Ying-jeou speaks to guests as he attends an event at Asia Society in New York, U.S. March 1, 2017. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsTAIPEI, Oct 2 (Reuters) - Former Taiwan President Ma Ying-jeou said on Monday he would boycott official celebrations for the island's national day this year after accusing the government of turning it into an overt attempt at pushing independence ahead of an election. Taiwan celebrates Oct. 10 as its national day, marking an uprising in 1911 that ended China's last imperial dynasty and ushered in the Republic of China. Taiwan Premier Chen Chien-jen, a DPP member himself, dismissed Ma's criticism, saying Ma had attended festivities previously when the English translation was Taiwan National Day. Taiwan's president, Tsai Ing-wen, will give a major speech on national day, and there will also be a military parade in front of the presidential office.

Persons: Ma Ying, Eduardo Munoz, jeou, China's, Mao Zedong's, Hou Yu, Ma, William Lai, Taiwan Premier Chen Chien, Chen, Tsai Ing, Tsai, Lai, Ben Blanchard, Gerry Doyle Organizations: Taiwan, Asia Society, REUTERS, Rights, Facebook, Kuomintang, KMT, Democratic Progressive Party, ih, Thomson Locations: New York, U.S, Rights TAIPEI, Taiwan, China, Republic of China, People's Republic of China, The Republic of China, Taiwan Premier, Beijing

☆ Opposition candidate Muizzu projected to win Maldives presidency, local media report
▼ + stars: | 2023-09-30 | by ( Mohamed Junayd | ) www.reuters.com time to read: +2 min

Mohamed Muizzu, Maldives presidential candidate of the opposition party, People's National Congress gestures after casting his vote at a polling station during the Maldives presidential election day in Male, Maldives September 9, 2023. REUTERS/Dhahau Naseem/File Photo Acquire Licensing RightsMALE, Sept 30 (Reuters) - Opposition candidate Mohamed Muizzu is projected to win the Maldives presidential run-off vote on Saturday, beating incumbent Ibrahim Solih, local media said, in a result that could see the Indian Ocean archipelago shift closer to China. Muizzu was leading the count with 54% of the vote against 46% won by Solih, local media reported. Thousands turned out early at 586 polling stations across the 187 islands known for their sun-kissed beaches and resorts. Maldivians also voted at polling stations in India, Sri Lanka, Malaysia, Britain and Abu Dhabi.

Persons: Mohamed Muizzu, Dhahau Naseem, Ibrahim Solih, Muizzu, Maldivians, Abdulla Yameen, Muizzu's, Yameen, Mohamed Junayd, Gursimran Kaur, Andrew Cawthorne, David Holmes Organizations: People's, REUTERS, Maldives presidential, Solih, China, Progressive Party of Maldives, Thomson Locations: Maldives, Male, China, India, Sri Lanka, Malaysia, Britain, Abu Dhabi, Solih

☆ Ukraine war live updates: Putin-sympathizing candidate could win election in major Kyiv-allied country; drone strikes hit Russian power station
▼ + stars: | 2023-09-29 | by ( Natasha Turak | ) www.cnbc.com time to read: 1 min

A Putin-sympathizing candidate for prime minister is neck and neck with his rival progressive party in Slovakia's general election, which will take place on Saturday. Slovakia has been a staunch supporter of Ukraine since Russia's full-scale invasion began, and has sent it air defense systems and MiG jets. Robert Fico — who served two prior periods as Slovakia's prime minister, from 2006 to 2010 and 2012 to 2018 — is a fierce critic of Ukraine and the EU's anti-Russian position on the war, and has vowed not to send arms to its eastern neighbor. A win for the populist leader could also fracture the EU's efforts at a unified front against Russia.

Persons: Robert Fico — Organizations: MiG, Russia Locations: Slovakia, Ukraine

☆ Taiwan says China knows armed threats backfire on influencing elections
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

China has never renounced the use of force to bring democratically governed Taiwan under its control, viewing the island as one of its provinces. In 1996, China lobbed missiles into the Taiwan Strait to try to intimidate the island's voters against voting for Lee Teng-hui as president, who Beijing despised for his perceived pro-independence sympathies. That triggered the so-called Third Taiwan Strait Crisis, in which the U.S. Navy carried out a massive show of force in the strait. Lai has said he does not seek to change the status quo, and has repeatedly offered talks with Beijing. Wu said China was preparing for a possible attack against Taiwan, including how the People's Liberation Army would deal with U.S. intervention.

Persons: Lee Teng, Lee, William Lai, it's, Joseph Wu, Lai, Wu, Ben Blanchard, Gerry Doyle Organizations: U.S . Navy, Democratic Progressive Party, Taiwan Affairs Office, People's Liberation Army, Thomson Locations: TAIPEI, Taiwan, Beijing, China, Taiwan Strait, Taipei, Japan, Australia, United States

☆ China says aim of its drills near Taiwan is to combat 'arrogance' of separatists
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +4 min

Solider miniatures are seen in front of displayed Chinese and Taiwanese flags in this illustration taken, April 11, 2023. "The purpose is to resolutely combat the arrogance of Taiwan independence separatist forces and their actions to seek independence," Zhu said. "The provocation of Taiwan independence continues all day long, and the actions of the People's Liberation Army to defend national sovereignty and territorial integrity are always ongoing," she added. "I hope that the majority of Taiwanese compatriots will clearly distinguish between right and wrong, resolutely oppose Taiwan independence, and work with us to maintain peace and stability in the Taiwan Strait." Taiwan's defence ministry last week also took the unusual step of announcing it was monitoring Chinese drills in Fujian province, opposite Taiwan.

Persons: Dado Ruvic, Zhu Fenglian, Zhu, Li Shangfu, Taiwan's, Yimou Lee, Ben Blanchard, Himani Sarkar, Gerry Doyle Organizations: REUTERS, Rights, Taiwan Affairs, People's Liberation Army, Defence, Reuters, Democratic Progressive Party, Beijing, Thomson Locations: Rights BEIJING, Taiwan, Taipei, China, Shandong, Beijing, Fujian

Kosovo authorities say around 30 heavily armed Serbs stormed the village of Banjska on Sunday, battling police and barricading themselves into the Serbian Orthodox monastery. Police recaptured the monastery late on Sunday after three attackers and one police officer were killed. Kosovo has accused Serbia of backing the armed militants; Serbia says Kosovo is to blame for mistreating residents in the Serb-majority area. It said one of them was Milan Radojcic, a Kosovo Serb politician and one of the leaders of the Serb List party. Serb List was the dominant Serb party in Kosovo's parliament before Serbs from the north and those loyal to Belgrade boycotted Kosovo's institutions nearly a year ago.

Persons: Milos Vucevic, Bjoern Arild Gram, Ognen, Aleksandar Vucic, Albin, Kurti's, Milan Radojcic, Dejan, Dusan Maksimovic, Fatos Bytyci, Aleksandar Vasovic, Ivana Sekularac, Christina Fincher, Alison Williams Organizations: Kovoso Police, Kosovo police, Police, ", Kosovo Serbs, REUTERS, KFOR, Kosovo, Reuters, Belgrade, Kosovo's, Vucic's Serbian Progressive Party, Thomson Locations: PRISTINA, BELGRADE, Kosovo, Banjska, Serbian, Serbia, NATO, Belgrade, Pristina, Serb, Zvecan, United States, EU, Britain, France, Germany, Italy, Kosovo Serb, Kosovo's

☆ China Says Aim of Its Drills Near Taiwan Is to Combat 'Arrogance' of Separatists
▼ + stars: | 2023-09-26 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

Taiwan, which China claims as its own territory, has said this month that it had observed dozens of fighters, drones, bombers and other aircraft, as well as warships and the Chinese aircraft carrier Shandong, operating nearby. The increased frequency of China's military activities has raised the risk of events "getting out of hand" and sparking an accidental clash, the island's defence minister said on Saturday. "The purpose is to resolutely combat the arrogance of Taiwan independence separatist forces and their actions to seek independence," Zhu said. "The provocation of Taiwan independence continues all day long, and the actions of the People's Liberation Army to defend national sovereignty and territorial integrity are always ongoing," she added. "I hope that the majority of Taiwanese compatriots will clearly distinguish between right and wrong, resolutely oppose Taiwan independence, and work with us to maintain peace and stability in the Taiwan Strait."

Persons: Zhu Fenglian, Zhu, Taiwan's, Ben Blanchard, Himani Sarkar, Gerry Doyle Organizations: Taiwan Affairs, People's Liberation Army, Democratic Progressive Party, Beijing Locations: BEIJING, Taiwan, Taipei, China, Shandong, Beijing

☆ Thailand's opposition Move Forward Party names new leader
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

BANGKOK, Sept 23 (Reuters) - Thailand's opposition Move Forward named a new leader on Saturday after Pita Limjaroenrat, who led the party to a stunning election victory in May, was thwarted in his efforts to become premier. The progressive party will lead the opposition after conservative lawmakers and an unelected senate blocked its attempts to form a government. Pita stepped down as party leader earlier this month amid a host of legal and legislative challenges that many see as part of a pattern by the pro-military and royalist establishment to diminish a new generation of leaders. Pita would continue on as advisor to the party and manage activities outside parliament, Chaitawat said. "This could easily wipe out members of the opposition, who give commentary calling for reforms," he added.

Persons: Pita Limjaroenrat, Chaithawat, Pita, Chaitawat, Pannika, penalises, Phasuk, Chayut Setboonsarng, Panu, Kanupriya Kapoor, Simon Cameron, Moore Organizations: Human Rights Watch, Reuters, Thomson Locations: BANGKOK, Thailand

☆ Thailand's Opposition Move Forward Party Names New Leader
▼ + stars: | 2023-09-23 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

BANGKOK (Reuters) - Thailand's opposition Move Forward named a new leader on Saturday after Pita Limjaroenrat, who led the party to a stunning election victory in May, was thwarted in his efforts to become premier. The progressive party will lead the opposition after conservative lawmakers and an unelected senate blocked its attempts to form a government. Pita stepped down as party leader earlier this month amid a host of legal and legislative challenges that many see as part of a pattern by the pro-military and royalist establishment to diminish a new generation of leaders. Pita would continue on as advisor to the party and manage activities outside parliament, Chaitawat said. "This could easily wipe out members of the opposition, who give commentary calling for reforms," he added.

☆ Vacharaesorn Vivacharawongse: Thai King's son signals willingness to talk about lese majeste as he attends exhibition
▼ + stars: | 2023-09-19 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

Vacharaesorn Vivacharawongse, 42, the King’s second-oldest son, who lives in New York, confirmed that he went to see the exhibition on his official Facebook page Monday. “The King can do wrong.”Nonetheless lese majeste prosecutions continued in the last decade of his reign, and increased dramatically when the military seized power in a 2014 coup. An unprecedented demand was royal reform to ensure the King is answerable to the constitution and amendments to the royal insult law. A political toolFor years, human rights organizations and free speech campaigners have said lese majeste has been used as a political tool to silence critics of the Thai government. At least 253 people have been charged with lese majeste during that time, the group said.

Persons: Thailand’s, Maha Vajiralongkorn, King, LeRoy Neiman, Pavin Chachavalpongpun, lese, Vacharaesorn Vivacharawongse, “, ’, ” Vacharaesorn, Vacharaesorn, Thais –, Thais, ”, Pavin, ” Pavin, King Vajiralongkorn, Bhumibol Adulyadej, Bhumibol, Srettha Thavisin, lese majeste, majeste, King Bhumibol, Prayut Chan Organizations: CNN, LeRoy, New York’s Columbia University, Kyoto University’s Center, Southeast Asian Studies, Elections, Thai, YouTube, Facebook, Thai Lawyers for Human Rights, Thai Prime Locations: New York, Thailand, Thai, Local

☆ Foxconn founder Terry Gou has a new running mate — an actor who played the role of a presidential candidate in a Netflix drama
▼ + stars: | 2023-09-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Foxconn founder Terry Gou has picked an actor as his running mate for Taiwan's presidential election. Tammy Lai played the role of a presidential candidate in a Netflix hit. Gou, who is worth $7 billion, is entering Taiwan's presidential race as an independent candidate. Terry Gou, the billionaire founder of Foxconn — a key supplier to Apple — announced Thursday that an actor who played a presidential candidate in a recent Netflix hit will be his running mate for Taiwan's upcoming polls. His pick for vice president is 60-year-old Tammy Lai who played the role of a presidential candidate in Netflix's "Wave Makers," which premiered in April.

Persons: Terry Gou, Tammy Lai, Foxconn, Apple —, Gou, I'd, Lai Organizations: Netflix, Service, Apple, Democratic Progressive Party, Gou, Taiwan's, Kuomintang Locations: Wall, Silicon, Taiwan

☆ Foxconn founder Gou picks Netflix hit show actress as presidential running mate
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Sept 14 (Reuters) - Terry Gou, the founder of major Apple (AAPL.O) supplier Foxconn (2317.TW), on Thursday said his running mate in Taiwan's presidential election next year would be Tammy Lai, an actress who starred in a high-profile Netflix (NFLX.O) drama. At a news conference in Taipei, Gou introduced the veteran actress, author and singer Lai as his running mate. She played a presidential candidate in the hit Taiwanese Netflix show "Wave Makers" earlier this year. I told myself that last year I would set no ceiling for myself, and I didn't expect I'd actually be raised up this far," Lai told reporters. Gou must gather close to 300,000 voter signatures by Nov. 2 to qualify as an independent candidate, according election regulations, and needed to decide his running mate before he could collect signatures.

Persons: Terry Gou, Tammy Lai, Gou, Democratic Progressive Party's, William Lai, Lai, Ben Blanchard, Gerry Doyle Organizations: Apple, Netflix, Democratic Progressive, Kuomintang, Taiwan People's Party, Thomson Locations: TAIPEI, Taiwan's, Taipei, Taiwan

☆ Foxconn founder Gou picks Netflix hit show actress as Taiwan presidential running mate
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: +2 min

Terry Gou (L), founder and former chairman of Foxconn and independent Taiwanese presidential candidate, joins his hand with his running mate Lai Pei-hsia during a press conference in Taipei on September 14, 2023. Terry Gou, the founder of major Apple supplier Foxconn , on Thursday said his running mate in Taiwan's presidential election next year would be Tammy Lai, an actress who starred in a high-profile Netflix drama. At a news conference in Taipei, Gou introduced the veteran actress, author and singer Lai as his running mate. She played a presidential candidate in the hit Taiwanese Netflix show "Wave Makers" earlier this year. I told myself that last year I would set no ceiling for myself, and I didn't expect I'd actually be raised up this far," Lai told reporters.

Persons: Terry Gou, Lai Pei, Tammy Lai, Gou, Democratic Progressive Party's, William Lai, Lai Organizations: Apple, Netflix, Democratic Progressive, Kuomintang, Taiwan People's Party Locations: Taipei, Taiwan's, Taiwan

Hong Kong CNN —China on Tuesday unveiled a plan to deepen integration between the coastal province of Fujian and self-governing Taiwan, touting the benefits of closer cross-strait cooperation while sending warships around the island in a show of military might. The document, hailed as a “blueprint” of Taiwan’s future development by Chinese experts cited in state media, comes at a delicate moment in cross-strait relations as Taiwan gears up for its presidential election in January. Ahead of Beijing’s release of its integration plan, a Chinese aircraft carrier and around two dozen Chinese warships were spotted gathering in waters near Taiwan this week, according to Taiwanese authorities. Fujian, a province of 40 million people on the western side of the Taiwan Strait, is the closest to Taiwan both geographically and culturally. In Tuesday’s directive, Beijing pledges to further speed up integration between the city of Xiamen and Kinmen – which are only a few miles apart.

Persons: Wang Ting, ” Wang, “, China’s, Kinmen, ” Organizations: Hong Kong CNN, Communist Party’s Central, State, Communist Party, Democratic Progressive Party, Taiwan, Mainland Affairs Council, CNN, Times Locations: Hong Kong, China, Fujian, Taiwan, Beijing, Kinmen, Xiamen, Fuzhou, Matsu, Taipei

☆ Maldives election: could be key for China, India rivalry
▼ + stars: | 2023-09-06 | by ( Mohamed Junayd | ) www.reuters.com time to read: +3 min

A Progressive Party of Maldives worker poses with an "India Out" flag in Male, Maldives, March 21, 2022. REUTERS/Alasdair Pal/File Photo Acquire Licensing RightsMALE, Sept 6 (Reuters) - A presidential election in the Maldives on Saturday could be decisive in determining whether China or India win a competition for influence over the tiny Indian Ocean island chain. While India has longstanding cultural, financial and security ties with the Maldives, China has in recent years invested in infrastructure projects as it builds closer ties and pursues its Belt and Road vision of transport and energy networks. India, which denies that, is helping to build a naval harbour for Maldivian forces, who will be trained by the Indian military. Reporting by Mohamed Junayd in Male; Writing by Krishn Kaushik; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Alasdair Pal, Ibrahim Mohamed Solih, Mohamed Muizzu, Ahmed Shaheed, Shaheed, handouts, Solih, Muizzu, Mohamed Junayd, Krishn Kaushik, Robert Birsel Organizations: Progressive Party of, REUTERS, Reuters, Baani, Progressive Party, People's National Congress, Solih's Maldivian Democratic Party, Thomson Locations: Progressive Party of Maldives, India, Male, Maldives, China, Solih's

CNN —Billionaire businessman Terry Gou has resigned from the board of directors of Foxconn, the world’s largest electronics manufacturer, days after announcing his bid for Taiwan’s presidency. A self-made, septuagenarian billionaire with a net worth of $6.8 billion, the 72-year-old Gou founded Foxconn, established as Hon Hai Precision Industry in Taiwan in 1974. It grew to become an international business empire and one of the world’s largest electronics contract manufacturers. Taiwan’s presidential election, due in January, comes at period of fraught tensions between the island of 24 million people and its superpower neighbor, China. Taiwan’s presidential election is expected to take place on January 13, 2024.

Persons: Terry Gou, “, ”, Gou, Young Liu Organizations: CNN —, Foxconn, Taiwan’s, CNN, Hai Technology Group, Hai Precision Industry, Apple, Kuomintang, Democratic Progressive Party Locations: Taiwan, China

☆ Terry Gou, seeking Taiwan presidency, resigns as Foxconn board member
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +3 min

Terry Gou, Foxconn founder announces his bid for the Taiwan presidency during a press event in Taipei, Taiwan August 28, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Sept 2 (Reuters) - Terry Gou, the billionaire founder of major Apple (AAPL.O) supplier Foxconn (2317.TW), resigned as a company board member, the Taiwanese company said on Saturday, less than a week after announcing a bid to be the island's next president. In a brief statement, Foxconn said Gou had resigned due to "personal reasons", and noted he had "officially handed over leadership of the group to a professional manager four yearsago". Asked on Monday about the issue of conflict of interest with Gou being a major shareholder of Foxconn, which has massive investment in China, Gou said he's willing to "sacrifice" his personal assets in China in the event of a Chinese attack. The DPP-led government, and Lai, have repeatedly offered talks with China but been rebuffed, as Beijing views them as separatists.

Persons: Terry Gou, Ann Wang, Gou, Foxconn, Democratic Progressive Party's, William Lai, Lai, Ko Wen, Hou Yu, it's, Ben Blanchard, John Stonestreet, Louise Heavens Organizations: REUTERS, Rights, Apple, Democratic Progressive, DPP, Taiwan People's Party, ih, Kuomintang, Formosa TV, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, Foxconn, China, People's Republic of China, Beijing

Opposition candidates, including Gou, blame the DPP for provoking Beijing and stoking tensions, labeling the vote as a choice between war and peace. Meanwhile, the DPP’s candidate, Vice President Lai Ching-te, has framed the election as a choice between democracy and authoritarianism. Lai Ching-te, Taiwan's Vice President and presidential hopeful, meets the foreign press in Taipei on August 25. In addition to securing 290,000 votes before November, Gou also needs to announce his running mate before September 17, as required by Taiwan’s Central Election Commission. “Gou is really having a race against time, and time is really not in his favor,” Sung said.

Persons: Terry Gou, Tsai Ing, Xi, China –, Lai Ching, “ Don’t, ”, Lai, Taijing Wu, Priding, Foxconn, Gou, China’s, ” Gou, roiling, Hou Yu, Ko Wen, Hou, who’s, “, Ko, Sung, ” Sung Organizations: CNN, Democratic Progressive Party, Harvard, ”, Communist Party, Chinese Communist Party, Kuomintang, KMT, ih, New, Taiwan People’s Party, Australia National University’s Taiwan Studies, Reuters, Taiwan’s Locations: Taiwan, China, Ukraine, Beijing, Moscow, United States, Lai, Taipei, Shenzhen, Taiwan Strait, Diaoyutai, Foxconn, New Taipei City

People represent different countries during seminars on conflict scenarios with China, organised for youth by the Kuomintang (KMT) party, in Taipei, Taiwan May 21, 2023. Younger voters are again playing a role - but this time they are gravitating to dark horse candidate who has become the DPP's closest challenger. Ko Wen-je, a 64-year-old former Taipei mayor, has won over many younger voters with plain talk on issues such as high housing costs rather than focusing on the China threat. Some younger voters may show their hands late, so Ko's appeal to that demographic could close the gap with Lai. Although it may have a healthy lead in opinion polls, the DPP is acutely aware of the dangers of losing younger voters.

Persons: Ann Wang, Tsai Ing, William Lai, Ko Wen, Ko, Lai, Terry Guo, Chen Kuang, Chen, Hou Yu, Mao Zedong's, Ho Chih, yung, Ho, Zheng De, Zheng, Sarah Wu, Yimou Lee, Ben Blanchard, John Geddie, Gerry Doyle Organizations: Kuomintang, KMT, REUTERS, Rights, United States, Democratic Progressive Party, Taiwan People's Party, Taiwanese Public, DPP, Apple, Chung Cheng, Taiwan's, ih, Reuters, Thomson Locations: China, Taipei, Taiwan, Rights TAIPEI, Beijing, United, Hong Kong, Lai, Chung Cheng University

Search resuls for: "Progressive Party"

25 mentions found