The News Lens
By: Brian Hioe, 破土 New Bloom
Taipei, Feb. 25 (CNA) President Tsai Ing-wen (蔡英文) estimated Monday that Taiwan’s national defense
industry, boosted by the government’s program to build naval ships at home, could create at least 8,000 “high-quality” jobs.
Addressing a convention of local suppliers supporting Taiwan’s home-grown naval vessel program, Tsai said the shipbuilding deals crafted recently under the program are expected to result in an output value of as much as NT$40.5 billion (US$1.32 billion).
The president did not provide details of the “deals” in the speech, but lauded the program as saving Taiwan’s shipbuilding industry from collapse amid a global recession in that sector.
“The global shipbuilding sector hit a low in recent years that led to two-thirds of shipbuilders around the world to shut down,” Tsai said, noting that what the industry needs the most right now is “orders.”