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Smell of burning causes evacuation of Taipei MRT train

Around 250 passengers aboard a northbound train on Taipei’s Wenshan-Neihu MRT line were evacuated yesterday after staff at Nanjing East Road station detected a burning odor coming from cars.

The incident occurred at 8:29am when the train was at Nanjing East Road station.

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Central bank wants investment curbs

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.

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Newsflash

Despite a good cross-strait relationship, Taiwan in the short run is anxious about the upcoming elections and in the long run is concerned about the respective rise and decline of China and the US’ influence on the country, said Brad Glosserman, the executive director of the Pacific Forum at the Center for Strategic and International Studies, a Washington-based think tank on foreign policy.

He added that all of Asia is beginning to worry that “the balance of power in the region is shifting in China’s favor.”

Glosserman said in his recent writings that while the possibility of the Democratic Progressive Party (DPP) coming to power again has some people worried, it does not mean that those who are worried favor the Chinese Nationalist Party (KMT).