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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.

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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.

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Newsflash


Dai Lin, a member of the Northern Taiwan Anti-Curriculum Changes Alliance, holds up a black umbrella at his home in New Taipei City in an undated photograph to represent the government’s opaque “black box” changes to the high-school curriculum guidelines.
Photo taken from Lin Kuan-hua’s Facebook account

A student who had campaigned against the Ministry of Education’s controversial adjustments to high-school curriculum guidelines was found dead yesterday in an apparent suicide at his family’s residence in New Taipei City.

Dai Lin (林冠華), a member of the Northern Taiwan Anti-Curriculum Changes Alliance, was found dead by emergency workers who were summoned by his mother after her son failed to respond to calls outside his bedroom, the New Taipei City Fire Department said. After police arrived and broke down the door, they saw Lin lying in bed with a pan of charcoal lighted on a nearby desk, in an apparent suicide.