Kamis, 23 Mei 2024

Tiny Palau on why it maintains diplomatic ties with Taiwan despite Chinese pressure - CNA

Mr Whipps Jr admitted that while the loss of income from Chinese visitors is significant, he emphasised tourism “should not be weaponised”.

“If you don't beat your wife to (force her to) love you, then it's true partnership,” he said.

“Palau people understand how important Taiwan is, as a true partner that really cares about the development of our island and promotion of our friendship.”

He said Palau wants to be a “friend to all and enemy to none”, including China.

“We've told China, we have no problems having diplomatic relations with you. But China said, ‘You have to denounce Taiwan’. And we said, ‘That's not an option’. We will not denounce our best friend,” said Mr Whipps Jr.

“It is important that countries respect each other's boundaries and territories. We want to make sure that we continue to promote a rules-based order. Even though we're small, we still should be respected as a country.”  

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2024-05-23 06:16:00Z
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Rabu, 22 Mei 2024

China starts 'punishment' drills around Taiwan - CNA

Taiwan's defence ministry condemned the drills, saying that it had dispatched forces to areas around the island and was confident it could protect its territory.

"The launch of military exercises on this occasion not only does not contribute to the peace and stability of the Taiwan Strait, it also highlights (China's) militaristic mentality," the ministry said.

A senior Taiwan official, speaking anonymously given the sensitivity of the matter, told Reuters that the drills are part of a scenario Taiwan had anticipated and that the island's government has a "comprehensive grasp" of Chinese military movements.

Taiwanese officials had said in the run-up to the inauguration they were keeping watch for Chinese military movements.

The drills focus on joint sea-air combat-readiness patrols, precision strikes on key targets, and integrated operations inside and outside the island chain to test the "joint real combat capabilities" of the forces, China's military said.

"This is also a strong punishment for the separatist acts of Taiwan independence forces and a stern warning against the interference and provocation by external forces," the command added.

Chinese state media published a map of the drills zones, in five areas all around Taiwan and the islands Taiwan controls near the Chinese coast.

There was no sign of alarm in Taiwan, where people are long used to Chinese military activity. The benchmark stock index was down 0.3 per cent on Thursday morning.

In August 2022, China launched live-fire military exercises around Taiwan immediately after a visit, much condemned by Beijing, by former United States House speaker Nancy Pelosi. That series of exercises, the scale of which was unprecedented, lasted for four days, followed by several days of additional drills.

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2024-05-23 02:11:00Z
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Norway, Ireland, Spain to recognise Palestinian state; Israel summons envoys - CNA

"TURNING POINT"

Hamas in a statement hailed the move as "an important step towards affirming our right to our land", while Bassem Naim, a senior Hamas political bureau member, said the move came about because of the "brave resistance of the Palestinian people" and that it will mark "a turning point in the international position on the Palestinian issue".

The Palestine Liberation Organisation, seen internationally as the sole legitimate representative of the Palestinian people, hailed the moves as "historical moments in which the free world triumphs for truth and justice", Hussein al-Sheikh, secretary general of the PLO executive committee, wrote on social media platform X.

For decades, the formal recognition of a Palestinian state has been seen as the endgame of a peace process between Palestinians and their Israeli neighbours.

The United States and most Western European nations have said they are willing to one day recognise Palestinian statehood, but not before agreement is reached on thorny issues like final borders and the status of Jerusalem.

But after Hamas's Oct 7 attacks and Israel's retaliatory campaign in Gaza, diplomats are reconsidering once-contentious ideas.

In 2014, Sweden, which has a large Palestinian community, became the first EU member in western Europe to recognise Palestinian statehood.

It had earlier been recognised by six other European countries: Bulgaria, Cyprus, the Czech Republic, Hungary, Poland and Romania.

Hamas's Oct 7 attack resulted in the deaths of more than 1,170 people, mostly civilians, according to an AFP tally based on Israeli official figures.

Hamas also took 252 hostages, 124 of whom remain in Gaza including 37 the army says are dead.

Israel's retaliatory offensive has killed at least 35,647 people in Gaza, also mostly civilians, according to the Hamas-run territory's health ministry.

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2024-05-22 08:51:00Z
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Taiwan braces for more international pressure as Beijing eyes its remaining allies - CNA

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2024-05-22 00:27:58Z
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Selasa, 21 Mei 2024

Taiwan's shrinking circle of friends: Palau warns against lure of fast money - CNA

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2024-05-21 15:47:22Z
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China has a point about Taiwan's new leader - Financial Times

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2024-05-21 23:00:37Z
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Malaysia to cut diesel subsidies, saving $852 million annually - CNA

KUALA LUMPUR :Malaysia will begin cutting fuel subsidies to bolster its fiscal position starting with diesel, a move that will save about 4 billion ringgit ($852 million) annually, Prime Minister Anwar Ibrahim said on Tuesday.

Anwar has repeatedly vowed to shift away from blanket subsidies to a targeted system that mainly aids low-income groups.

Malaysia subsidises fuel, cooking oil, and rice, among other items, but rising commodity prices have seen that expense climb in recent years, straining the government's coffers.

Anwar said savings from subsidy cuts could be re-directed to the needy, including cash assistance to eligible owners of diesel vehicles such as paddy farmers and small traders.

"I caution that any targeted subsidy should not burden the majority of the people," Anwar said in a televised address.

The diesel subsidy reform will only involve consumers in peninsular Malaysia, he said.

He did not give a date when the subsidy cuts would take effect, saying further details will be announced later.

Malaysia is projected to spend 52.8 billion ringgit on subsidies and social assistance this year, down from an estimated 64.2 billion ringgit in 2023, according to its budget for 2024.

The move to targeted subsidies comes as Malaysia looks to implement labour reforms and tackle stagnant wages amid rising prices.

Anwar this month announced a 13 per cent hike in salary for civil servants from December, and on Tuesday vowed to pursue a proposed progressive wage policy and other measures to raise incomes.

Anwar said a capital gains tax on the disposal of unlisted shares and other new levies introduced this year will see an estimated 4.5 billion ringgit increase in tax revenue, while electricity subsidy reforms are expected to generate about 4 billion ringgit in savings.

Inflation is expected to tick up following the removal of blanket subsidies.

Malaysia's central bank projects headline inflation to range between 2 per cent and 3.5 per cent this year, compared to 2.5 per cent in 2023, after taking into account the planned subsidy and price control adjustments.

Malaysia recorded growth of 3.7 per cent in 2023, a sharp drop from a 22-year high of 8.7 per cent in 2022. In the first quarter, the economy grew 4.2 per cent, beating analysts' estimates on the back of higher household spending and a recovery in exports.

($1 = 4.6900 ringgit)

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2024-05-21 15:09:08Z
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