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Key IT firm may be China-owned

An information technology company that provides key systems software for much of the country’s financial institutions is alleged to have been bought by a major China-based investor, an opposition legislator said.

The purchase has raised questions among Democratic Progressive Party (DPP) lawmakers on just how much of Taiwan’s sensitive financial data may have flown across the Taiwan Strait to Chinese companies.

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Hau admits crisis of overpriced flowers

Taipei Mayor Hau Lung-bin (郝龍斌) admitted yesterday that problems with procurement contracts handled by the city government have dampened his popularity and clouded his bid for a second term in the year-end election.

“It is without a doubt a crisis,” said Hau of the Chinese Nationalist Party (KMT), adding that he has briefed President Ma Ying-jeou (馬英九) — who doubles as the KMT chairman — and KMT Secretary-General King Pu-tsung (金溥聰) on the ins and outs of the matter.

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Newsflash

Retired senior military officers from both sides of the Taiwan Strait are pressuring President Ma Ying-jeou (馬英九) to allow greater cooperation with China, telling a forum earlier this week that the Diaoyutai Islands (釣魚台) controversy provides the perfect context in which to do so.

The comments, which called for the creation of a cross-strait military cooperation mechanism, were made on the sidelines of a workshop organized by the Chinese Century Communicating Association (中華世紀交流協會) in Hong Kong on Tuesday.