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Two Chinese indicted in cash laundering case

Two Chinese have been indicted for their alleged involvement in illegal money transfers between Taiwan and China, Kaohsiung prosecutors said on Thursday.
A man surnamed Zheng (鄭) and a woman surnamed Ong (翁) were indicited under the National Security Act (國家安全法) and the Banking Act (銀行法), prosecutors said.
Zheng, 52, and Ong, 47, allegedly conducted unregistered banking activities, remitting about NT$20 million (US$686,860) in the past year, prosecutors said.
Investigators arrested Zheng and Ong at a supermarket in Kaohsiung’s Nanzih District (楠梓) last year.
The national security charges are because the two allegedly assisted a Hong Kong-based investment firm, and colluded with a Kaohsiung-based ....

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China Steel raising prices to counter surging costs

China Steel Corp (中鋼), the nation’s largest steelmaker, is to raise domestic steel prices next month by 2.95 percent on average as manufacturing costs surge due to climbing raw materials costs and unfavorable foreign exchange rates, it said yesterday.
The Kaohsiung-based steel company said unfavorable conditions were unlikely to ease, given persistent hikes in the prices of coal, iron ore, nickel and other metals due to the war in Ukraine.
Transportation costs are also on the rise due to port gridlock, the company said in a statement.
Steel supply has particularly tightened in Asia, as steelmakers from Indonesia, Japan, South Korea and Turkey ....

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JGC wins Taiwan LNG terminal construction deal - News for the Energy Sector

A consortium led by Japan’s JGC has won a construction deal for LNG terminal facilities in Taiwan from state-backed CPC. Significantly, JGC is hoping to ....

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- JGC's Consortium Awarded a Construction...

- JGC's Consortium Awarded a Construction...
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Research centers in Taiwan, India ink a science deal

Research centers in Taiwan and India on Monday signed a memorandum of understanding (MOU), paving the way for them to cooperate on science and education projects.
The MOU was signed remotely by Taiwan Ocean Research Institute director Wang Chau-chang (王兆璋) and T.G. Sitharam, director of the Indian Institute of Technology Guwahati’s Centre for Disaster Management and Research.
The agreement would see the Kaohsiung-based school and the Indian institute’s Centre for Intelligent Cyber-Physical Systems organize workshops, hold short-term courses and international conferences, and promote exchanges between their students and faculty members.
The Ocean Research Institute was established in 2008 and is one of the ....

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