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Taiwan Tati Cultural and Educational Foundation

Ministry rejects KMT bond payment

Chinese Nationalist Party (KMT) Administration and Management Committee director-general Chiu Da-chan speaks at a news conference in Taipei yesterday.
Photo: CNA

The Ministry of Finance yesterday rejected the Chinese Nationalist Party’s (KMT) offer to pay a NT$864.8 million (US$28.6 million) fine imposed by the Ill-gotten Party Assets Settlement Committee with US dollar-denominated bonds issued by the government in 1947.


Corporate culture repressing Taiwan

Over the past few days, Time magazine as well as Agence France-Presse have reported on the phenomenon of an increasing number of young Taiwanese preferring to work in China. This is nothing new, as Taiwanese have been looking to China for business opportunities for decades.

However, as salaries and opportunities in Taiwan continue to stagnate, this number will only increase, despite increasing cross-strait tensions and an ever-growing and maturing sense of Taiwanese identity.


The Achilles’ heel of PRC and ROC

The Cairo Declaration of Dec. 1, 1943, is often cited as the legal foundation for the People’s Republic of China’s (PRC) and the Republic of China’s (ROC) claims to territorial sovereignty over Taiwan.

The declaration, in international law, was not a binding commitment, but a mere joint communique by then-US president Franklin Roosevelt, then-president Chiang Kai-shek (蔣介石) and then-British prime minister Winston Churchill, and was announced four days after the conclusion of the Cairo Conference on joint war plans.


Nation’s security weakness exposed

Due to an operational error that affected CPC Corp, Taiwan’s (CPC) natural gas supply to Taiwan Power Co’s (Taipower) Datan Power Station late on Tuesday afternoon, large areas of Taiwan experienced power outages as Taipower restricted the electricity supply district by district throughout the nation.

It was not until 9:40pm that power was fully restored, after business owners had suspended their businesses, while others had been caught in elevators, production lines had been closed down and communication networks had been interrupted. The situation was reported by the news media, and opposition parties made a big fuss over it.


Guam, Taiwan’s brother in arms

North Korean leader Kim Jong-un’s threat that he would fire four missiles toward the US territory of Guam has been splashed across the world’s media. Meanwhile, Taiwan is being threatened by Chinese fighter jets, which have in recent weeks and months made repeated flights off the nation’s east coast.

Both stories have been presented in a similar fashion: Pyongyang threatens Guam with a possible attack; Beijing threatens Taiwan with invasion. The underlying message is that the people of Taiwan and Guam are brothers in arms, under siege by aggressor nations.


Power errors not nuclear disaster

On Tuesday, mistakes by CPC Corp, Taiwan personnel stopped gas supplies to the Datan Power Station in Taoyuan for two minutes, tripping all six generators at the plant. At the same time, generators were offline at Taiwan Power Co’s (Taipower, 台電) Taichung and Tongsiao power plants, as well as at Ho-Ping Power Co’s plant in Hualien County.

The result was that region after region across Taiwan experienced power outages.

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The Executive Yuan is surrounded by barricades yesterday as protesters rallied against China’s M503 flight route.
Photo: Liu Hsin-de, Taipei Times

Several groups yesterday rallied outside the Executive Yuan in Taipei, accusing the government of conceding to Beijing on the controversial M503 flight route in exchange for easing regulations on Chinese air passengers making transit stops in Taiwan.