TAIWAN TOUTS NEW AT-5 BRAVE EAGLE ADVANCED TRAINING JET — Reuters, Wednesday 6 July 2022
TAITUNG, Taiwan (Reuters) — Taiwan’s air force showed off its new locally designed and made jet trainer, the AT-5 Brave Eagle, touting its more advanced, combat-capable abilities as a replacement for ageing and accident-prone existing equipment. The new AT-5, made by state-owned Aerospace Industrial Development Corporation (AIDC) with a budget of T$68.6 billion ($2.3 billion), had its first test flight in 2020. It is Taiwan’s first jet made domestically since the F-CK-1 Ching-kuo Indigenous Defence Fighter more than three decades ago. Three Brave Eagles roared into the air at the Chihhang air base in Taitung, on Taiwan’s east coast, in a show of prowess in front of reporters. The jet is suitable for both air-to-air and air-to-ground combat training and can land and take off using a shorter amount of runway. Taiwan’s air force plans to take 66 units by 2026 to replace ageing AT-3 and F-5 training aircraft, which have suffered a series of crashes in recent years. Taiwan’s President Tsai Ing-wen has made development of an advanced home-grown defence industry a priority, especially as China steps up military modernisation efforts and drills near Taiwan.
TAIWAN NAVY’S YUSHAN LANDING PLATFORM DOCK SAILS OUT TO SEA — Taiwan News, 7 July 2022
TAIPEI (Taiwan News) — The Navy’s first indigenous landing platform dock, the Yushan, sailed out to sea on Wednesday 6 July. The landing dock was built by CSBC Corporation, Taiwan and launched in April 2021. Once its seven phases of testing are completed, it will be handed over to the Navy, most likely in September. The dock can transport 673 soldiers as well as amphibious armoured vehicles, Humvees and helicopters, and comes equipped with features protecting against electromagnetic pulses and radar detection, while surface-to-surface and surface-to-air missiles can also be fired from the ship.
WEST INDIES OIL COMPANY LIMITED LISTED ON ECSE — July 7, 2022
The West Indies Oil Company Limited was listed on the Eastern Caribbean Securities Exchange (ECSE) on July 7th, 2022, becoming the fourteenth company listed on the ECSE, the first listed energy company and the first listed company from Antigua and Barbuda. The shares of the company, trading under the symbol WIOC, became available for trading following the opening of the market. A copy of the company’s Research Report can be accessed on the ECSE’s website at www.ecseonline.com.