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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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Official asks for probe of Control Yuan members

A former Yilan County official yesterday asked prosecutors to investigate three Control Yuan members who allegedly covered up for officials involved in the Yuanta I Pin Building (一品苑) case.

Lin Chin-kun (林錦坤), a former Yilan County Yuanshan Village (員山) representative, mailed a request to the Supreme Prosecutor’s Office Special Investigation Panel (SIP) requesting an investigation into whether Control Yuan members Ma Yi-kung (馬以工), Chen Yung-hsiang (陳永祥) and Lin Chu-liang (林鉅鋃) handled the case inappropriately.

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Newsflash


Protesters in front of the National Development Council in Taipei yesterday burn banners representing policies and practices that are unfavorable to workers, farmers and students.
Photo: Chen Chih-chu, Taipei Times

After convening at three rallies held in different locations across Taipei, nearly 1,000 protesters carrying flags and banners swarmed the MRT yesterday to participate in the Autumn Struggle (秋鬥), an annual protest march organized by labor groups, congregating in Ximending (西門町) before marching on to protest in front of the National Development Council.