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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

A prototype of Taiwan’s first locally built submarine is set to begin testing in September, marking a milestone in the nation’s Indigenous Defense Submarine program, CSBC Corp, Taiwan (台船) chairman Cheng Wen-lon (鄭文隆) said yesterday.

The construction of the prototype has continued around the clock after overcoming a series of difficulties thanks to the cooperation of the Naval Shipbuilding Development Center, the navy’s 256th Submarine Squadron and a CSBC task force, Cheng said.