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Taiwan’s Air Force buys choppers from Eurocopter

Washington-based weekly Defense News reported on Tuesday that the Taiwan Air Force had selected the Eurocopter EC225 helicopter, a medium-lift helicopter, for search and rescue operations.

The US$111 million contract for three helicopters, which is to be signed in the next few days, was awarded in December and includes an option for a total of 20 helicopters, Defense News reported.

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Study warns of submarine arms race

With the US stalling on Taiwan’s request to purchase diesel-electric submarines, The Heritage Foundation said in a study that there is now a “submarine arms race” in the Pacific Ocean.

The 13-page study says that since the end of the Cold War, China has dramatically expanded its Navy, especially its submarine fleet, adding dozens of attack subs since 1995.

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Newsflash

Taipei City and the four special municipalities that came into being on Saturday could turn into a disaster for the central and local governments if underlying financial problems are not properly addressed, experts told a forum on the financial aspects of the five megacities yesterday.

Peng Pai-hsien (彭百顯), a professor of finance at Kainan University, told a panel organized by the Taiwan Brain Trust think tank in Taipei that the five special municipalities face an immediate shortfall of NT$718.5 billion (US$24.27 billion) — which would climb to NT$803.4 billion if potential debt were counted — while the central government was faring no better, with a potential debt of NT$21 trillion.