Taiwan billionaire launches Asian ‘Nobel prize’

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TAIPEI – One of Taiwan’s richest men on Monday launched what has been widely touted as the Asian equivalent of the Nobel Prize, and it is even more lucrative than the famed Swedish award.

Samuel Yin, head of the sprawling Ruentex business empire which has invested heavily in China, said that by donating Tw$3 billion ($101 million) for the Tang Prize he had fulfilled one of his biggest dreams.

“I hope that the prize will encourage more research that is beneficial to the world and humankind, promote Chinese culture and make the world a better place,” he said in a statement released by the prize foundation.

The prize is named after China’s Tang Dynasty (618-907), which is much admired by Yin, the foundation said.

The dynasty has inspired generation after generation with admiration for its vibrant characteristics of self-confidence and cosmopolitan inclusiveness, which are the qualities that the Tang Prize seeks to promote, it said.

Beginning in 2014 prizes will be awarded every two years in four different categories — sustainable development, biopharmaceutical science, sinology and the “rule of law” — to individuals, regardless of nationality.

The winner in each category will receive Tw$50 million ($1.7 million), compared to the eight million Swedish kronor ($1.2 million) that comes with a Nobel Prize.

The Tang Prize will help raise Taiwan’s profile in the international scientific community, the statement said.

Nobel Prizes are awarded in the fields of physics, chemistry, physiology or medicine, literature and peace.

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  • http://profile.yahoo.com/FQQPZLNOMD2EBFTHSWOP6QGZWY Marshall

    I NOMINATE JEJOMAR BINAY…
    SIGURADO NA PANALO 
    WALANG TATALO..

    TANG PRIZE FOR CORRUPTION…JEJOMAR BINAY..

    LAHAT NG PILIPINO SUPORTAHAN NATIN ITO.. 
    TALAGANG SWAK NA SWAK  PARA KAY BINAY ITO… GO  GO   GO …

  • http://profile.yahoo.com/EA7TIY7PYXEU5UOXG2K5CY5F64 Eric

    Swedish nga.

  • We love Pnoy. Do as you please

    the Ramon Magsaysay Award is the real “Asian Nobel Prize”. It is not geared to any race like that one.

    • http://profile.yahoo.com/TJAA3WKCKQZWSJX2ATNY4K65GU Titan

      I was about to comment that :D  The only difference is the cash prize, and that we beat them Taiwanese to it.  Someone’s re-inventing the wheel when it’s already been invented. :P

      • We love Pnoy. Do as you please

        Soon China will understand having money is not equal to the real thing. It has its limitations. Also, like equating money with power. What is power if nobody recognizes it? And that others would follow only because of their money. Wasn’t it a pathetic situation?

  • http://pulse.yahoo.com/_WT5ZX5O7ZBC6Z3LXFA4UIQZC3I emajega

    Tang nang award to ng mga intsik kanila nalang.

  • louie

    there’s a category for sinology? there’s something wrong with this. anyway, who will say no if it offers millions of dollars.

  • $18209031

    HAhaha, tataluhin pa ang mga mabahong Norwegian Azzes. Their Nobel Prize comes from selling components for dynamite which is part to kill people and destruction of natural beauty like mine blasting. Its blood money so its not worth getting .

  • Toink Tibursho

    And their first ever ASIAN NOBEL PRIZE is… KIM JONG UN….

  • http://profile.yahoo.com/AIYSIJJOL4JNRLHXVTGUH3NYHM The Overlord

    “Sinology”? Study of Chinese culture. No thanks. This is just an award veiled at brainwashing what the Chinese culture is: fake.

  • http://profile.yahoo.com/MDAWMT3LIDHOCW7ZTSYXZEUQQ4 ghe

    Whoever discovers unlimited energy source like cold fusion should get the prize.

  • $18209031

    Enough of Nobel Prizes, it is blood money from selling dynamite ingredients. No way Hesus ! Ibibigay na lang ninyo yan sa mga kawatan, marami yan dito sa Pinas.

  • $37644997

    It is always better to seek fame with God even with-out honors and recognition in the physical.The price is life eternal…

  • staad

    kahit kelan panay pangongopya ang mga intsik.
    pinangalan pa sa ala nilang kwentang imperial history.

    ano pa bang award yan kundi award sa system/technology na dinekwat din naman from western education.

    THE ASIAN WORDLVIEW IS NEVER CONSISTENT WITH MODERN PROGRESS. WITHOUT WESTERN EDUCATION/TECHNOLOGY EVERYONE IN ASIA IS STILL STUCK IN BACKWARD MENTALITY.

    kung may dedekwating sila sa Nobel eh yung PEACE PRICE ang unhain dahil sa mga alang kwentang violation ng human rights lalo na sa tsina.

  • http://www.xavierraja.com/telescope.php A.Xavier Raja

    www xavierraja com

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