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Former VP Lu challenges Cairo Declaration validity


Former vice president Annette Lu talks to the media in Taipei yesterday.
Photo: CNA

Former vice president Annette Lu (呂秀蓮) yesterday questioned Taiwan’s retrocession, challenging the validity of the Cairo Declaration, and warned of Beijing’s “soft unification” strategy, while calling President Tsai Ing-wen’s (蔡英文) cross-strait policy evasive.

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Two local banks failed US financial exams, Koo says


Financial Supervisory Commission Chairman Wellington Koo, left, answers questions from lawmakers on the Finance Committee at the Legislative Yuan in Taipei yesterday.
Photo: CNA

There is no guarantee that Hua Nan Commercial Bank (華南銀行) will be able to avoid being fined by US regulators for the failure of its New York branch to comply with US regulations on money laundering, Financial Supervisory Commission (FSC) Chairman Wellington Koo (顧立雄) said yesterday.

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Newsflash

US-based AMS Group, a provider of technology, equipment and integrated logistics support services, is to open an office in Taipei by the end of this year, senior vice president of global aftermarket Michael Perry said on Monday.

Perry made the remark at an event after a panel discussion on Taiwan-US defense industry cooperation held by the Global Taiwan Institute in Washington.