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Schriver urges US to engage with DPP

In the aftermath of Saturday’s special municipality elections, the US government should establish new links with the Democratic Progressive Party (DPP), a forum in Washington has been told.

Randy Schriver, president of the Project 2049 Institute and an expert on Taiwan, said that the DPP had shown its “strength and viability,” which has implications for the US.

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Chen transferred to penitentiary

Former president Chen Shui-bian (陳水扁) was moved yesterday from a detention center to a nearby penitentiary to formally begin serving his sentence after the Supreme Court upheld his conviction on wide-ranging graft charges.

The transfer followed a decision last month by the Supreme Court to uphold Chen’s convictions in two high-profile bribery cases involving a land deal in Longtan (龍潭), Taoyuan County, and the appointment of a chairwoman to the company that manages the Taipei 101 building.

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Newsflash

The central bank is pushing for curbs to be imposed on the amount of Chinese capital that can be placed in local stocks, hoping to stem the inflow of speculative funds, an official said yesterday.

The Financial Supervisory Commission, which has the authority to set limits on Chinese funds, has been approached by central bank officials eager to keep controls tight, said Lu Ting-chieh (盧廷劼), the commission’s chief secretary.