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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

As the one-year anniversary of the Sunflower movement approaches, activists have scheduled a series of events to highlight the goals sought during the landmark protests in which tens of thousands of demonstrators rallied against the government’s handing of a proposed service trade pact with China.

Led by Economic Democracy Union convener Lai Chung-chiang (賴中強), a coalition of social advocacy groups are to rally outside the Legislative Yuan on Wednesday next week, marking the day when student-led protesters first swarmed the Legislative Yuan’s main chamber.