Food Safety Overhaul: Taiwan’s Executive Yuan plans to push amendments to the Act Governing Food Safety and Sanitation on July 23 after the Central Union Oil tainted-oil scandal, tightening raw-material and factory oversight, boosting testing and third-party certification, and adding faster reporting rules. Cross-Strait Security & Diplomacy: The U.S. State Department said it is “deeply concerned” after Papua New Guinea ordered the closure of Taiwan’s Port Moresby representative office, calling it part of Beijing’s intimidation campaign; Taiwan says it will keep engaging through diplomatic channels. Economic Fallout From PNG Move: Taiwan’s Foreign Minister Lin Chia-lung said the government is reviewing economic ties with PNG, including whether to adjust LNG purchases after the office closure. Semiconductor Supply Chain Push: Powertech Technology will invest US$400 million in a Singapore joint venture with Broadcom to develop advanced panel-level IC assembly tech, while stressing continued core R&D in Taiwan. Visa and People-to-People Links: Taiwan extended visa-free entry for Filipinos until July 31, 2027, and also extended visa-free entry for Thais to the same date. Disaster Monitoring: In Hualien, the Wanli River barrier lake overflow was delayed to early Monday due to increased seepage, though a severe flood alert remains in place. Market Mood: Taiwan stocks fell sharply amid a global AI sell-off, with chip names hit hard.