We interrupt this broadcast: Taiwan moves to rein in cable-TV operators

Article Abstract:

Taiwan has passed legislation regulating its $183 million-per-year cable television industry. The law is largely a result of US pressure to stop the pirating of US programming. As many as 285 licenses will be granted to companies that can meet the minimum capitalization requirements. The law prohibits foreign ownership of cable companies but allows political parties to purchase cable stations. Some small stations maintain that the capital requirement will allow the ruling Kuomintang to control programming, but the government denies this charge.

United States, Laws, regulations and rules, Cable television, United States foreign relations, Chinese (Taiwan) foreign relations, Television broadcasting policy

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Mid-course correction

Article Abstract:

Taiwan is reducing its six-year plan to develop the country's infrastructure mid-way through the program. A three-year stimulus package that provides loans to small- and medium-sized companies and for high-technology companies will ensure annual expansion in gross domestic product of 6% to 7% and private investment of 10% to 15%. Many had criticized the development plan as impractical and too expensive, and the reduction will cut its cost by 22% to NT$6.4 billion.

Economic development

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Taiwan steel out of favour

Article Abstract:

Taiwan's efforts to privatize its steel industry has suffered a setback as its stocks of the state-owned company, China Steel Corp, failed to fetch good prices in the international market. The share price of China Steel's stocks dove, a development that may signal a delay in the company's eventual conversion into a private company. Stock analysts, however, have judged the offered stocks as overpriced in the first place.

Iron and Steel Foundries, Securities, Steel industry, China Steel Corp.

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