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Ministry rejects KMT bond payment


Chinese Nationalist Party (KMT) Administration and Management Committee director-general Chiu Da-chan speaks at a news conference in Taipei yesterday.
Photo: CNA

The Ministry of Finance yesterday rejected the Chinese Nationalist Party’s (KMT) offer to pay a NT$864.8 million (US$28.6 million) fine imposed by the Ill-gotten Party Assets Settlement Committee with US dollar-denominated bonds issued by the government in 1947.

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Presidential guard cut in sword attack


An injured military police officer is being taken to National Taiwan University Hospital after being attacked by a man wielding a samurai sword outside the Presidential Office Building yesterday.
Photo: Lee Hsin-fang, Taipei Times

A man wielding a Japanese sword yesterday slashed a military police officer guarding the Presidential Office Building, authorities said.

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Newsflash

US Vice President Joe Biden, who is expected to embark on a state visit to China in the middle of next month, will provide assurances to Beijing that the US has no plans to sell Taiwan the F-16C/D aircraft it is seeking, reports said yesterday.

During his visit, Biden will explain why the US President Barack Obama’s administration, facing pressure from US Congress and required to meet its obligations under the Taiwan Relations Act, would agree to upgrade Taiwan’s fleet of 144 F-16A/B aircraft, the Chinese-language news service DW News (多維新聞) reported, citing an unnamed “senior US official.”

However, Biden will reportedly tell his Chinese hosts that Washington has no plans to sell to Taiwan the 66 more advanced F-16C/D it has been seeking since 2006, the report said.