Taiwan launches first English TV channel as China pressure grows
October 3, 2022, 7:30 pm

Taiwan launches first English TV channel as China pressure grows

Night view of taipei city in Taiwan - Pic. Pixabay

Taiwan launched its first English-language TV channel on Monday (October 3) in a bid to boost its international outreach against an intensified pressure campaign by Beijing.

However, TaiwanPlus will only be available on the island for now, limiting its international reach.

Self-ruled Taiwan lives under constant threat of an invasion by China, which claims the island as part of its territory to be seized one day.

Beijing's state-run media has an increasingly large global footprint, mostly through the CGTN television network and the embrace of social media platforms like Twitter and YouTube that are banned domestically.

Officials say TaiwanPlus, which started as an online streaming platform last year with government backing, will be used in part to counter China's narrative.

Overseeing the launch ceremony on Monday, President Tsai Ing-wen said the 24-hour channel would "bring Taiwan to the international community" as it seeks closer ties with "countries that share our core values of freedom and democracy".

Taiwan's military released a handbook on civil defence for the first time on Tuesday (Apr 12). It gives citizens survival guidance in a war scenario as Russia's invasion of Ukraine focuses attention on how the island should respond to China's pressure (File photo: Pixabay)

She said: "I am sure this new TV channel will help bolster our international outreach."

China has ramped up diplomatic and military pressure on Taiwan in recent years.

It aims to keep the island democracy isolated and has reacted with growing anger to visits by foreign politicians, most recently with a massive show of force to protest US House Speaker Nancy Pelosi's trip in August.

Island of Taiwan, a potential Ukrainian script in East Asia?

"We have an evil neighbour that constantly threatens us with the use of force... but we are not intimidated and life goes on normally," Premier Su Tseng-chang told reporters at the launch.

He added: "Freedom, democracy and human rights have progressed substantively. Many friends in the world want to know how Taiwan has managed that and Taiwan is willing to let the world know.”

Culture Minister Lee Yung-te said the government hoped TaiwanPlus would be available in the United States in six months.

Source: rfi

Joe Biden, his wife head to storm-hit Puerto Rico FM Cleverly says Britain will support Ukraine until war is won

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.