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Ma hails ‘Taiwan Province’-Texas ties

President Ma Ying-jeou (馬英九) referred to Taiwan as a “province” yesterday while describing the sister-state relationship between Taiwan and Texas, rekindling the controversial issue of his perception of Taiwan’s status.

Ma told Texas Governor Rick Perry during a meeting at the Presidential Office that the country’s relationship with Texas was a close one.

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High Court extends former president’s period of custody

The Taiwan High Court yesterday extended former president Chen Shui-bian’s (陳水扁) detention by two months on the grounds that he may flee the country if released.

The ruling dashed his family’s hopes that Chen, whose current detention order expires on Wednesday, would be released following their request to Swiss banking authorities that money be sent to a bank account designated by the Special Investigation Panel (SIP) of the Supreme Prosecutors’ Office. Taiwan High Court judge Teng Chen-chiu (鄧振球) has previously said the move could enhance the chances of the former president being released.

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Newsflash

Retired junior public servants will soon see a nice boost in their savings, as a law increasing the amount of money they can deposit into an 18 percent preferential interest rate account comes into effect this year.

The move, passed by the legislature last year, was criticized by Democratic Progressive Party (DPP) lawmakers yesterday as unfair and unnecessary as interest rates in public banks continue to hover below 2 percent, despite a 0.125 interest rate hike announced last week by the central bank.