Taiwan plans to use $8.7 billion to fund missiles, naval ships and other systems to deter an attack from China
PINGTUNG, Taiwan—Taiwan plans to significantly increase military spending in the next five years, according to a draft bill that calls for new outlays on weapons systems that would better equip the island to repelThe proposal, unveiled by
Taiwan’s cabinet on Thursday, calls for the allocation of the equivalent of about $8.7 billion, over the next five years to fund the acquisition of homegrown precision missiles, high-performance naval ships and weapons systems for existing warships.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Electric vehicle maker Rivian aims to raise as much as $8 billion in IPO, sources sayRivian, the Amazon.com-backed electric vehicle maker that registered last month for a stock market debut, is aiming to raise between $5 billion and $8 billion.
Read more »
Taiwan plans $9 bln boost in arms spending, warns of 'severe threat'Taiwan proposed on Thursday extra defence spending of T$240 billion ($8.69 billion) over the next five years, including on new missiles, as it warned of an urgent need to upgrade weapons in the face of a 'severe threat' from giant neighbour China.
Read more »
Rep. Brian Fitzpatrick plans Taiwan visit in defiance of ChinaRepublican Congressman Brian Fitzpatrick, who recently returned from a trip to Ukraine, said on Monday that his 'next stop' would be Taiwan.
Read more »
Taiwan Battery-Swapping Pioneer Gogoro to Go Public in SPAC MergerTaiwan’s Gogoro will go public in the U.S. via a special-purpose acquisition vehicle merger with Poema Global Holdings that values the battery-swapping pioneer at more than $2.3 billion.
Read more »
Taiwan plans $9 bln boost in arms spending, warns of 'severe threat'Taiwan proposed on Thursday extra defence spending of T$240 billion ($8.69 billion) over the next five years, including on new missiles, as it warned of an urgent need to upgrade weapons in the face of a 'severe threat' from giant neighbour China.
Read more »
House Democrats’ budget plan aims to make up to $500 of the saver’s credit refundable—here's who would qualifyAs part of the $3.5 trillion federal budget plan, House Democrats proposed several measures that would reward those saving for retirement.
Read more »