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Taiwan Wants U.S. Helicopter Missiles

WASHINGTON, May 28, 1999 -- (Reuters) Taiwan has expressed interest in buying 240 "Hellfire-2" missiles used by attack helicopters for $23 million, the Pentagon said on Thursday.

The missiles, built by Lockheed Martin Corp. are used by helicopters against tanks and other armoured forces on the ground.

Taiwan has AH-1W "Super Cobra" and OH-58D "Kiowa" attack helicopters in its military force. The United States continues to sell defensive military equipment to Taipei over protests from China, although Washington recognizes Beijing as China's sole government. ((c) 1999 Reuters)

Taiwan to build a hotel in Spratlys -

April 5, 1999
Web posted at: 10:32 AM EDT (1432 GMT)

TAIPEI (Reuters) -- Businesses run by Taiwan's ruling Nationalist Party plan to invest more than T$100 million (US$3 million) to build a hotel on a Taiwan-controlled island in the Spratlys, local newspapers reported on Monday.

The reports quoted Liu Tai-ying, chairman of the party's Business Management Committee, as saying the businesses would make the investment on the Dongsha Island.

The Spratlys, a cluster of about 60 potentially oil-rich islands in the South China Sea, are claimed wholly or in part by China, the Philippines, Taiwan, Vietnam, Malaysia and Brunei. Taiwan has military forces on Dongsha, which is not a disputed island.

They quoted Liu as saying he had suggested Taiwan, China, the United States and Japan develop the South China Sea region together to jointly benefit from its resources, instead of feuding over the Spratlys.

Liu was quoted as saying his proposal had won support from Taiwan President Lee Teng-hui.

Officials were not available for comment on Monday, a national holiday.

The Nationalists -- one of the world's wealthiest political parties -- control assets worth more than US$3 billion through seven holdings companies overseen by the Business Management Committee.