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Ministry ramps up missile production

The Ministry of National Defense plans to increase the production of anti-ship missiles from this year to 2025 to bolster the nation’s maritime defenses, an official said yesterday.

The extended-range variant of the Hsiung Feng III anti-ship missile is entering mass production this year, while the production volume of the Hsiung Feng II and the base model of the Hsiung Feng III is to be ramped up, the official said, speaking on condition of anonymity.

The estimated cost for the missiles this year is NT$15.5 billion (US$497.83 million), rising to NT$19.8 billion next year before peaking at NT$22 billion in 2025, they said.

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Taiwan aims to cement US ties: President Tsai

President Tsai Ing-wen (蔡英文) yesterday underscored her administration’s intent to cement Taiwan-US relations as she welcomed a delegation of US lawmakers led by US Representative Mike Rogers, chairman of the US House of Representatives Armed Services Committee.

“We thank the US Congress for consistently showing bipartisan concern for Taiwan’s security and its show of support [for the nation] through concrete actions,” Tsai told the delegation at the Presidential Office in Taipei.

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Newsflash


Central bank Governor Yang Chin-long speaks at a question-and-answer session at the Legislative Yuan in Taipei yesterday.
Photo: Wang Yi-sung, Taipei Times

Central bank Governor Yang Chin-long (楊金龍) yesterday said the bank would remove authoritarian icons from the nation’s currency if explicit orders were given by the transitional justice promotion committee to be established by the Executive Yuan.