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Committee rejects request for referendum on ECFA

The Executive Yuan's Referendum Review Committee yesterday turned down a petition submitted by the Democratic Progressive Party (DPP) asking for a referendum on the economic cooperation framework agreement (ECFA) that the government plans to sign with China.

The committee turned down the petition at the end of a three-and-half-hour meeting after 13 members voted against the petition, while four voted in favor and two abstained.

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Dalai Lama invited to comfort victims

The Dalai Lama has accepted an invitation to visit the victims of Typhoon Morakot in southern Taiwan at the end of this month, a Kaohsiung City Government official said yesterday.

Asked about the visit, the Presidential Office told the Taipei Times it had “no comment.”

The Tibetan spiritual leader had expressed his desire to visit Taiwan last November, but President Ma Ying-jeou (馬英九) said then that “the timing isn't appropriate.”

Last Updated ( Thursday, 27 August 2009 07:06 ) Read more...
 


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Newsflash

Investor Marc Faber said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst.

The Shanghai Composite Index has failed to regain last year’s high while industrial commodities and shares of Australian resource exporters are acting “heavy,” Faber said. The opening of the World Expo in Shanghai last week is “not a particularly good omen,” he said, citing a property bust and depression that followed the 1873 World Exhibition in Vienna.