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Taiwan expanding submarine fleet as China threat grows

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Taiwan began construction on a fleet of indigenous submarines on Tuesday, the latest move by the out-gunned island to bolster its defences against increasingly bellicose threats from Beijing.

Democratic Taiwan lives under the constant threat of invasion by communist China, which views the self-ruled island as part of its territory and has vowed to one day seize it, by force if necessary.

Beijing has piled on military, economic and diplomatic pressure since the election of President Tsai Ing-wen in 2016, in part due to her refusal to acknowledge its stance that the island is part of “one China”.

“We are letting the world see Taiwan’s strong will to defend its sovereignty,” Tsai said at a ceremony marking the start of construction in a shipyard in southern Kaohsiung city.

The long-mooted project aims to deliver eight new submarines, with the first expected by 2025 according to officials.

Taiwan’s navy currently has four submarines, including two built by the United States in the 1940s.

In recent decades Taiwan has had to ramp up its own defence industry as China pressures other countries against selling it major weapon platforms.

It has made significant progress on missiles and built its own fighter jet, but its military might is dwarfed by China’s People’s Liberation Army.

Washington initially approved an offer back in 2001 to supply eight conventional submarines, but the sale never came to fruition.

Over the same period China has built itself one of the world’s largest navies, with nuclear-powered submarines, aircraft carriers and latest-generation hypersonic missiles within its arsenal.

Chinese President Xi Jinping has adopted the most openly hostile stance towards Taiwan since Mao Zedong.

Chinese jets have neared Taiwan’s air defence zones at an unprecedented rate this year, forcing Taipei to repeatedly scramble its own ageing fleet.

But the wariness of major arms manufacturing powers to sell to Taiwan may be fading.

Outgoing US President Donald Trump was far more willing to sign off on advanced weapon systems to Taiwan, approving some $18 billion worth of sales, including new-generation fighter jets.

– AFP

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Up to 200 athletes tested for doping so far at Asian Games

Between 150 and 200 Asian Games athletes tested for doping, yielding no positive results. Anti-doping efforts emphasized for a clean event, focusing on record-breakers.

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HANGZHOU, CHINA — Between 150 and 200 Asian Games athletes have already been tested for doping, the Olympic Council of Asia said on Monday, with no positive results so far.

Speaking at an anti-doping press conference on the second full day of the Games in the Chinese city of Hangzhou, the OCA said dope-testing was “gaining momentum” at the event.

Mani Jegathesan, an adviser to the OCA anti-doping committee, warned that drug cheats would be rooted out.

Up to 200 athletes have been tested so far, he said, but any positive results will take several days to come through.

“Every athlete participating in these Games must understand that they could be picked at any time,” Jegathesan warned.

“That is the best step to ensuring we have a clean event.”

There are about 12,000 athletes at the 19th Asian Games, more competitors than the Olympics, and Jegathesan admitted it would be impossible to test them all.

Instead, they will prioritise, including picking out those who break world or Asian records.

— AFP

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Foodpanda’s restructuring amid sale speculations

Food delivery giant Foodpanda, a subsidiary of Delivery Hero, announces staff layoffs in the Asia-Pacific region, aiming for increased efficiency. This move coincides with ongoing talks about potentially selling parts of its 11-year-old business.

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Foodpanda, a subsidiary of Delivery Hero, is initiating undisclosed staff reductions in the Asia-Pacific region, as discussions continue regarding the potential sale of a portion of its 11-year-old food delivery business.

In a memorandum circulated to employees on 21 September, Foodpanda CEO Jakob Angele conveyed the company’s intent to become more streamlined, efficient, and agile.

Although the exact number of affected employees was not disclosed, the emphasis was on enhancing operational efficiency for the future.

No mention was made in the memo regarding the reports of Foodpanda’s potential sale in Singapore and six other Southeast Asian markets, possibly to Grab or other interested buyers.

Foodpanda had previously conducted staff layoffs in February and September 2022. These actions come as the company faces mounting pressure to achieve profitability, particularly in challenging economic conditions.

The regulatory filings of Foodpanda’s Singapore entity for the fiscal year 2022, ending on 31 Dec, indicated a loss of S$42.7 million despite generating revenue of S$256.7 million.

Angele further explained that Foodpanda intends to review its organizational structure, including both regional and country teams, with some reporting lines being reassigned to different leaders. Additionally, certain functions will be consolidated into regional teams.

Expressing regret over the challenging decisions, Angele assured affected employees of a severance package, paid gardening leave, and extended medical insurance coverage where feasible.

Foodpanda will also forego the usual waiting period for long-term incentive plan grants, and vesting will continue until the last employment date. Employees will retain all vested shares as of their last day of employment.

Foodpanda, established in 2012 and headquartered in Singapore, became a part of Delivery Hero in 2016. The company operates in 11 markets across the Asia-Pacific region, excluding its exit from the Japanese market last year.

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