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Taiwan
Intelligence for Better Decision Making
Tropical Storms Near Taiwan
Sept. 11, 2024 | Direct Indicator- The Meteorological Administration has announced the presence of two tropical low pressures at sea, identified as Bebijia and Putosang, likely to intensify into typhoons by tomorrow. If they reach typhoon status, they will be the 13th and 14th typhoons of the year.
- Tropical Depression No. 14 (TD14) formed early this morning southeast of Guam, with potential to strengthen into a mild typhoon moving northwest, possibly impacting the Ryukyu Islands. The likelihood of TD14 directly landing in Taiwan is low, but its path remains uncertain. TD14 is expected to bring localized showers in northern and northeastern Taiwan, with heavier rainfall possible. Strong waves at sea are anticipated from today into the first half of tomorrow, with caution advised for ships.
- Tropical Depression No. 15 (TD15) developed northeast of Taiwan, with limited intensity expected due to unfavorable environmental conditions. TD15 might intensify into a light typhoon by tomorrow morning but could dissipate shortly thereafter.
- The first storm to form will be named Bebinca, and the second will be called Pulasan.
- Localized brief showers are anticipated in northern and northeastern Taiwan today, with potential afternoon thundershowers in various mountainous regions. Central and southern mountainous regions may also experience sporadic showers, especially in the afternoon.
- A large low-pressure environment is expected to persist through mid-to-late September, with potential for new tropical systems. New tropical disturbances may emerge in the waters east of the Philippines after the weekend, requiring continuous monitoring by the Meteorological Administration. Scattered rain and potential downpours are expected in northern and eastern Taiwan today.
Collusion of Bank Executives with Fraud Syndicates
Sept. 11, 2024 | Indirect Indicator- The Taipei District Prosecutor's Office is investigating a financial scandal involving Shen Qingjing, Chairman of Weiking Group, and Taipei City Councilor Ying Xiaowei, with approximately NT$47.4 million in cash flow identified between them.
- Shen Qingjing was interrogated for three hours in a wheelchair and subsequently remanded to the Taipei Detention Center.
- Shen and Ying are alleged to have communicated with then-Mayor Ke Wenzhe regarding the Jinghua City case, and prosecutors discovered a USB with potential bribery records during a search of Ke's residence.
- Both Shen and Ying, along with others, have been barred from the Taipei District Court on allegations of corruption.
- A fraudulent group presented fake investment opportunities, leading to a victim losing over 49 million yuan. The group used multiple bank accounts and virtual currencies to obscure the origins of stolen funds and avoid detection.
- The Yunlin District Prosecutor's Office arrested 15 individuals connected to the scam, including members of the fraud group and personnel from banks and rental car companies.
- Bank employees, including a manager named Zhang and a financial specialist named Teng, colluded with the fraud group by raising withdrawal limits and lifting risk controls.
- A rental car company overseen by an individual named Chen was implicated in arranging drivers to facilitate cash withdrawals for the fraud group. Prosecutors charged nine defendants under various legal provisions, including the Criminal Code, Money Laundering Prevention Act, and Organized Crime Ordinance.
- Public prosecution for the fraud scheme was initiated on August 30, with the organization led by a man named Lin including key players such as bank supervisors who raised withdrawal limits and bypassed risk controls.
- The fraud group used fake company numbers to secure personal bank accounts and rapidly transferred stolen funds through multiple accounts, buying virtual currencies to disguise its origins.
- Investigations revealed a car rental company owner collaborating with the fraud group to assist with money withdrawals. A total of 24 people have been prosecuted for fraud, money laundering, and organized crime in connection with these cases.
Monitored Intelligence for Taiwan - Sept. 13, 2024
News
Media
669
Government
Releases
42
City/State
Releases
77
Embassy
Releases
5
Foreign
Service
Advisories
0
Service
Advisories
0
Academic/
Think
Tank
0
Think
Tank
0
Podcasts
0
Videos
0
Social
Media
0
Business
Releases
4
Erudite Risk takes an all risks approach to intelligence reporting. We categorize key intelligence into one of 40 different risk intelligence categories.
The goal is to provide intelligence that allows decision makers to avoid being blindsided by what they may have missed, while informing them to make better decisions as well.
Risk Categories Reported on Today
Risk Category
Items Reported On
Regulation
9
Corporate Corruption or Fraud
10
IP Protection
2
Accidents
9
Crime
8
Political Scandal or Corruption
4
Extreme Weather Events
2
Climate Change
3
Communal and Religious Strife
1
Shifting Geopolitical Alliances
1
Strikes and Work Stoppages
1
Man-made Environmental Disasters
1
Geopolitical Conflict and Disputes
4
Critical Infrastructure Failure
1
Pollution
1
Regulatory Enforcement Actions
1
Natural Disasters
1
Cyber Attacks and Data Loss
1
Erudite Risk also includes operations categories so you can monitor the environment for better decision making. Everything is tied together--what happens in risk affects operations and what happens in the market impacts risk profiles.
We categorize key intelligence into one of 30 different operations intelligence categories.
Different roles and functions within the organization can monitor different key issue areas. HR may monitor employment, wages, regulations, labor and management relations, etc., while P&L leaders may monitor overall developing trends.
Operations Categories Reported on Today
Operations Category
Items Reported On
Demographics
1
Investor Sentiment
4
Budgets-Budgeting
1
Asset Price Change
21
Mergers & Acquisitions
11
Economic Growth
9
Inflation
4
Supply Chain Issues
3
Taxes
4
Real Estate
5
Employment
1
Operating Results
1
Unemployment
1
泰鼎太陽能方案第一階段完工 估年減碳逾6000噸
The completion of the first phase of Taiding Solar Energy Solution is estimated to reduce carbon emissions by more than 6,000 tons per year
United Daily News | Local Language | News | Sept. 13, 2024 | Climate Change
Tai Ding-KY, Thailand's largest PCB manufacturer and a Taiwanese company, announced the completion of the first phase of its solar energy solution, adding nearly 3.2MW of installation capacity, which is expected to reduce carbon dioxide emissions by over 2,300 tons annually. By September 2024, total installed capacity will reach 8.3MW, estimated to cut more than 6,000 tons of carbon emissions per year, achieving a renewable energy replacement rate near 4%. The company plans to expand its solar power sources through Power Purchase Agreements (PPA) starting in 2025, targeting over 13.9MW, leading to an additional reduction of over 10,200 tons of carbon dioxide. The project also included roof renovations at the second factory, improving the operating environment and safety. Taiding is committed to sustainable business practices and will collaborate with the Thai government to reach net-zero emissions by 2060. The company aims to align its operations with sustainable development by leveraging Thailand’s sunny climate for solar energy production.
金控前八月獲利4,641億 富邦金累計純益1,133億
Financial Holdings made a profit of 464.1 billion in the first eight months, and Fubon Gold accumulated a net profit of 113.3 billion
United Daily News | Local Language | News | Sept. 12, 2024 | Operating Results
The cumulative profits of listed financial holding companies in the first eight months reached 464.1 billion yuan, marking a 49% annual increase. However, profits fell by 65% month-on-month in August, impacted by the appreciation of the New Taiwan dollar, stock market declines, and cash dividend bookings. Fubon Gold reported an after-tax net profit of 113.33 billion yuan for the first eight months. In August, Fubon Gold's net profit stood at 5.53 billion yuan, with its subsidiary, Taipei Fubon Bank, contributing significantly to overall profits. Cathay Gold's cumulative after-tax net profit approached 100 billion yuan, with August profits at 5.26 billion yuan. Various subsidiaries of both companies reported increased profits, showcasing strong growth despite the challenges faced in August.
Bundestag member criticizes China over German plan to sail through Taiwan Strait
Taipei Times | English | News | Sept. 12, 2024 | Geopolitical Conflict and Disputes
Bundestag member Michael Roth defended Germany's plan to send naval vessels through the Taiwan Strait, stating it aligns with legal transit regulations. He criticized China's objections, asserting the importance of maintaining freedom of navigation and stability in the region. Roth emphasized that the transit is not provocative and condemned any unilateral changes to the status quo by China. He noted that two German naval ships, the Baden-Württemberg frigate and the Frankfurt am Main supply ship, are set to navigate the Strait while journeying from South Korea to Jakarta. In response, the Chinese Ministry of Foreign Affairs reiterated its opposition to actions perceived as provocative against its sovereignty. Roth urged Germany to reject China's narrative, highlighting the essential need to prevent a military conflict in the Taiwan Strait, which could have severe repercussions for Germany and the global economy.
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