Taiwan's Tsai seeks $11 bn defence budget as China threat grows by Staff Writers Taipei (AFP) Aug 6, 2018 Taiwan's President Tsai Ing-wen said Monday she is seeking to ramp up spending on the armed forces, as relations with China deteriorate. Her proposal to increase the 2019 defence budget by 5.6 percent to Tw$346 billion ($11.3 billion) will go before parliament following the summer recess. Beijing sees democratic self-ruling Taiwan as part of its territory to be brought back into its fold, by force if necessary. China has stepped up pressure on Taiwan since Tsai came to power two years ago, as her government refuses to acknowledge the island is part of "one China". It has staged a string of air and naval exercises, including a live-fire drill in the Taiwan Strait in April, which Chinese officials said were aimed at Taiwan's "independence forces". "There have been many changes in international and regional situations and our national security is faced with more obvious and complicated threats," Tsai said Monday as she attended a naval ceremony and announced the defence spending plan. Up Tw$18.3 billion from the previous year, it would account for 2.16 percent of the GDP. The 2018 defence budget was only up 1.9 percent on the year before, at Tw$327.7 billion. Around a fifth of the 2019 budget would be spent on "defence self-sufficiency" projects, Tsai said. Taiwan wants to beef up its homegrown defence systems, particularly its submarines. The United States government this year approved a licence required to sell submarine technology to Taiwan, part of warming relations between the two sides. Although the US does not have official diplomatic relations with Taipei after switching recognition to Beijing in 1979, it remains Taiwan's most powerful ally and arms supplier. A long-stalled offer approved by then US president George W Bush in 2001 to supply eight conventional submarines has never come to fruition. Last year, Taiwan also announced its bid to create a new generation of locally built jet trainers by 2026.
Pakistan hits back at 'inappropriate' US fears over IMF bailout Islamabad (AFP) Aug 1, 2018 Pakistan hit back Wednesday at US fears that any IMF bailout its new government might have to seek would be used to repay Chinese loans, stating that it was "totally wrong" to link the two. Abdullah Hussain Haroon, the caretaker foreign minister, said that a new government led by Imran Khan, who won the country's general election last week, would have to decide whether to approach the International Monetary Fund (IMF) amid fears of a balance of payments crisis. However he also dismissed as "inap ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |