Typhoon Morakot bore down on Taiwan Friday , packing 89 mph ( 143 kph ) winds and threatening to soak the entire island when it makes landfall Saturday morning , Taiwan 's Central Weather Bureau said . NEW : Storm about 200 km ( 124 miles ) southeast of Taipei , CNN meteorologist says . Comment: The storm is moving west at a very fast speed and will likely hit Taiwan by the end of this week or early next week. NEW : Airlines cancel flights ; schools , government offices , stock exchange closed . Taiwan is vulnerable to flash flooding , mudslides because mountains are near sea .
NEW : Storm about 200 km ( 124 miles ) southeast of Taipei , CNN meteorologist says . Comment: The storm is moving west at a very fast speed and will likely hit Taiwan by the end of this week or early next week. NEW : Airlines cancel flights ; schools , government offices , stock exchange closed . Taiwan is vulnerable to flash flooding , mudslides because mountains are near sea .