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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

China has sought to “cheat” and “steal” its way to matching Taiwan in chip technology, but has yet to succeed despite investing huge sums, Representative to the US Alexander Yui said on Wednesday, while holding out the prospect of more Taiwanese semiconductor investment in the US.

In an interview with Reuters, Yui, who arrived in Washington in December last year, cast doubt on reports that China’s chipmakers are on the cusp of making next-generation smartphone processors, and refuted charges by former US president Donald Trump, the leading Republican candidate for the US presidential election in November, that Taiwan was taking American semiconductor jobs.