Paraguay asks Taiwan for S$1.4 billion investment

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One of Taiwan’s last remaining diplomatic allies, Paraguay, has requested Taiwan to pump in US$1 billion (S$1.4 billion) worth of investments as a condition for them to retain diplomatic ties.

Paraguayan President Mario Abdo BenĂ­tez told Financial Times (FT) that the investment would help him resist “enormous” pressure to shift allegiance to China.








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