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Ma visits former president Lee, KMT’s Lien Chan

President Ma Ying-jeou (馬英九) visited former president Lee Teng-hui (李登輝) yesterday to wish him a happy Lunar New Year.

During the 50-minute visit, Ma and Lee discussed energy conservation and water resources, said Presidential Office Spokesman Wang Yu-chi (王郁琦), adding that Lee also expressed concern about medical care, asking the government to attach importance to the development of related industries.

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US rejects Beijing’s demand to cancel Dalai Lama meeting

The US has escalated a mounting row on multiple fronts with China, refusing Beijing’s demand to cancel US President Barack Obama’s meeting this week with the Dalai Lama.

The deepening public spat over Tibet, a row over US arms sales to Taiwan, China’s dispute with Google and trade and currency disagreements, come at a key diplomatic moment, as Obama seeks Chinese help to toughen sanctions on Iran.

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Newsflash

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.