EZ News 03/05/25

EZ News

Good afternoon, I'm _____ with today's episode of EZ News.
Tai-Ex opening
The Tai-Ex rebounded from recent losing sessions this morning - opening up
181-points yesterday's close, at 22,778 on turnover of 8.9-billion N-T.
The market closed down by 0.7-per cent on Tuesday, but managed to recoup some
of its early losses, as investor sentiment remained cautious in the wake of
volatility on Wall Street overnight …
.. which was sparked by U-S President Donald Trump confirming that tariffs on
imports from Canada and Mexico would go into effect later in the day.
Premier touts TSMC's expanded US plan
Premier Cho Jung-tai is voicing his support for Taiwan Semiconductor
Manufacturing's new investment in the United States.
According to Cho, government sees T-S-M-C's expanded investment positively,
because it will boost Taiwan's competitive edge (競爭力) inthe global market,
and "making Taiwan stronger is the common stance of the government and
industry."
Cho says the government has long been encouraging domestic industries to
expand worldwide and is providing necessary assistance for such expansions.
The premier also says he hopes T-S-M-C's investments will continue to create
mutual benefits and a win-win situation with Taiwan's allies.
Cabinet spokeswoman Michelle Lee says the U-S has become the top destination
of Taiwanese investors, as local companies seek to extend their global reach
and the U-S accounted for 30-per cent of Taiwan's total overseas investment
last year.
CPBL head reacts to WBC fine
Chinese Professional Baseball League President Tsai Chi-chang is vowing to
reflect on the reasons the national team was find 20,000 U-S dollars for
violating regulations during last month's World Baseball Classic qualifiers
at the Taipei Dome.
The team was fined by tournament organizes - Major League Baseball - for
violating a rule regarding the use of electronic devices.
The M-L-B says movers were found to have used their phones in an office where
equipment was stored - in violations of (違反) a rule banning players or team
staff member from using electronic devices in all areas considered to be part
of the competition.
Tsai is admitted that mistakes were made, but stressing that he wasn't in the
dugout during the qualifying games and that the C-P-B-L will accept the fine
in accordance with the rules.
US Investors to Buy Panama Canal Ports
A consortium of US investors has agreed to buy majority stakes in two ports
on the Panama canal from a Hong Kong-based company for nearly 20 billion
dollars.
The deal comes in the wake of allegations by the Trump administration that
Chinese influence (影響) over the waterway poses a security risk to the US.
Ira Spitzer reports.
China Keeps 5Percent Growth Target
Meanwhile…
China is keeping its economic growth target at “around 5%” for 2025 despite
a looming trade war with the United States and other headwinds (阻力，逆風).
Premier Li Qiang announced the target in a report presented at the opening
session of the National People's Congress today.
The report says a target of around 5% is well aligned with the country's mid-
and long-term development goals.
The IMF has projected that China’s economy will grow 4.6% this year, down
from 5% in 2024, according to Chinese government statistics.
That was the I.C.R.T. EZ News, I'm _____.
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