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Forum praises Tsai on China stance

Academics at a forum held by a pro-independence organization yesterday lauded President Tsai Ing-wen’s (蔡英文) refusal to recognize the so-called “1992 consensus,” but took issue with the president’s seeming inability to break the shackles of the Republic of China’s (ROC) constitutional system.

The World United Formosans for Independence invited a dozen of academics to examine Tsai’s policies in the first three months of her presidency and share their thoughts on her government’s performance in terms of national status, transitional justice, cross-strait ties and other areas.

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FSC commission to probe Mega Ban

Premier Lin Chuan (林全) yesterday instructed the Financial Supervisory Commission (FSC) to form an investigative committee from members of the central bank, and the ministries of justice and finance after the New York branch of Mega International Commercial Bank (兆豐銀行) was ordered to pay a massive fine for violating US money-laundering rules.

Lin said he hopes that the details of the case are clarified as soon as possible, and that any Mega International employees responsible for the situation are identified.

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Newsflash


Panel members at a forum listen yesterday to National Taiwan University economics professor Kenneth Lin.
Photo: Wang Min-wei, Taipei Times

Government efforts launched last month to stimulate the economy lack any clear results and GDP might still contract or grow at a rate of less than 1 percent, economists said yesterday.

National Taiwan University economics professor Kenneth Lin (林向愷) said he did not believe President Ma Ying-jeou (馬英九) could make good on his promise to make economic progress within the month — which would be up on Wednesday — despite a rise in exports last month and a lowering of the unemployment rate.