Taiwan's President-elect Lai Ching-te and his running mate Hsiao Bi-khim in Taipei after his election victory on Saturday. Reuters
Taiwan's President-elect Lai Ching-te and his running mate Hsiao Bi-khim in Taipei after his election victory on Saturday. Reuters
Taiwan's President-elect Lai Ching-te and his running mate Hsiao Bi-khim in Taipei after his election victory on Saturday. Reuters
Taiwan's President-elect Lai Ching-te and his running mate Hsiao Bi-khim in Taipei after his election victory on Saturday. Reuters

Taiwan elects ruling party's Lai Ching-te as island's new leader


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Lai Ching-te, the presidential candidate for Taiwan's ruling party, won an election on Saturday described in China as a choice between war and peace.

Main opposition Kuomintang party candidate Hou Yu-ih conceded defeat.

It is an unprecedented third term for Mr Lai's party, the Democratic Progressive Party (DPP), which advocates the island's separate identity and rejects China's territorial claims.

Mr Lai was facing two opponents for the presidency - Mr Hou and former Taipei Mayor Ko Wen-je of the small Taiwan People's Party, only founded in 2019.

Speaking in the southern city of Tainan before voting, Mr Lai encouraged people to cast their ballots.

"Every vote is valued, as this is Taiwan's hard-earned democracy," he said.

In the run-up to the election, China repeatedly denounced Mr Lai as a dangerous separatist and rebuffed his calls for talks. Mr Lai says he is committed to preserving peace across the Taiwan Strait and boosting the island's defences.

On Taiwan's air force upgrading F-16 fighter jets and buying more from the US, China's Defence Ministry said on Friday even with purchases of US weapons the DPP "cannot stop the trend of complete reunification of the motherland".

"The Chinese People's Liberation Army remains on high alert at all times and will take all necessary measures to resolutely crush any form of 'Taiwan independence' separatist plots and firmly defend national sovereignty and territorial integrity," said ministry spokesman Zhang Xiaogang.

Taiwan's Defence Ministry said on Saturday morning it had again spotted Chinese balloons crossing the sensitive Strait, one of which flew over Taiwan itself.

The Ministry has denounced the surge in balloons reported over the Strait in the past month as psychological warfare and a threat to aviation safety.

"Nobody wants war," said Jennifer Lu, 36, a businesswoman, who was playing on a grass pitch with her daughter after casting a ballot on a sunny morning in Taipei's Songshan district.

Mr Hou wants to restart engagement beginning with people-to-people exchanges and has, like China, accused Mr Lai of supporting Taiwan's formal independence. Mr Lai says Hou is pro-Beijing, which Mr Hou rejects.

Mr Ko won a passionate support base, especially among young voters, for focusing on bread and butter issues such as the high cost of housing. He also wants to re-engage China but insists that cannot come at the expense of protecting Taiwan's democracy and way of life.

- With reporting from agencies

What to watch out for:

Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways

The hulls of three ships will be used for the roof

The hulls will painted to make the largest Italian tricolour in the country’s history

Several pillars more than 20 metres high will support the structure

Roughly 15 tonnes of steel will be used

Ruwais timeline

1971 Abu Dhabi National Oil Company established

1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants

1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed

1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.  

1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex

2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea

2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd

2014 Ruwais 261-outlet shopping mall opens

2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies

2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export

2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.

2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery 

2018 NMC Healthcare selected to manage operations of Ruwais Hospital

2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13

Source: The National

Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business

 

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

It

Director: Andres Muschietti

Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor

Three stars

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Sam Smith

Where: du Arena, Abu Dhabi

When: Saturday November 24

Rating: 4/5

Company%20profile
%3Cp%3EDate%20started%3A%20January%202022%3Cbr%3EFounders%3A%20Omar%20Abu%20Innab%2C%20Silvia%20Eldawi%2C%20Walid%20Shihabi%3Cbr%3EBased%3A%20Dubai%3Cbr%3ESector%3A%20PropTech%20%2F%20investment%3Cbr%3EEmployees%3A%2040%3Cbr%3EStage%3A%20Seed%3Cbr%3EInvestors%3A%20Multiple%3C%2Fp%3E%0A
MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Updated: January 14, 2024, 4:51 AM