Taiwan Tati Cultural and Educational Foundation

 
  • Increase font size
  • Default font size
  • Decrease font size
Home The News News

News

Taiwanese businessman misled by Chinese bank

A Taiwanese businessman investing in China was shocked when he found that a 50 million yuan (US$8 million) loan he applied for from the China Construction Bank (CCB) more than a year ago actually went into a unrelated business in China and was used as collateral for another 90 million yuan loan.

The 73-year-old Chen Hsi-so (陳細鎖) said that on the recommendation of a friend, he opened a lime absorbent plant in Wuping District, Longyan, in China’s Fujian Province last year, and applied for a 50 million yuan loan from CCB’s branch in Wuping.

Read more...
 
 

Politicians urge Ma to reflect on criticism

After an article in the latest edition of the Economist magazine called President Ma Ying-jeou (馬英九) a bumbler, politicians across party lines yesterday said that Ma should thoroughly reflect on his leadership and governance practices.

In the piece entitled “Ma the Bumbler,” the global publication said that in addition to the dismal international economy, “Mr. Ma’s leadership is also to blame” for some of Taiwan’s problems.

Read more...
 


Page 917 of 1480

Newsflash

Academics yesterday criticized a proposed amendment to the Regulations Governing the Approval and Administration of Direct Cross-Strait Sea Transport between the Taiwan Area and the Mainland Area (臺灣地區與大陸地區海運直航許可管理辦法), saying that President Ma Ying-jeou’s (馬英九) administration is threatening national security by allowing “all kinds of Chinese ships to navigate freely in the waters around Taiwan.”

The Act Governing Relations between the People of the Taiwan Area and the Mainland Area (臺灣地區與大陸地區人民關係條例) states that no Chinese vessels may enter restricted or prohibited waters in Taiwan’s territory unless permitted by the relevant authorities.