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Taiwanese businessman misled by Chinese bank

Monday, 19 November 2012 10:40 Taipei Times

A Taiwanese businessman investing in China was shocked when he found that a 50 million yuan (US$8 million) loan he applied for from the China Construction Bank (CCB) more than a year ago actually went into a unrelated business in China and was used as collateral for another 90 million yuan loan.

The 73-year-old Chen Hsi-so (陳細鎖) said that on the recommendation of a friend, he opened a lime absorbent plant in Wuping District, Longyan, in China’s Fujian Province last year, and applied for a 50 million yuan loan from CCB’s branch in Wuping.

Politicians urge Ma to reflect on criticism

Sunday, 18 November 2012 09:46 Taipei Times

After an article in the latest edition of the Economist magazine called President Ma Ying-jeou (馬英九) a bumbler, politicians across party lines yesterday said that Ma should thoroughly reflect on his leadership and governance practices.

In the piece entitled “Ma the Bumbler,” the global publication said that in addition to the dismal international economy, “Mr. Ma’s leadership is also to blame” for some of Taiwan’s problems.

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2015-12-26 Taiwanese Shrine Initation & Marytr-Spirit Enshrine Ceremony

2014-02-28 228 Tâi-uân-sîn(Taiwan gods) Thanksgiving Blessing Assembly and Trong R. Chai Tâi-uân-sîn Thanksgiving Praying Ceremony

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228 Memorial and Bian Casters Gathering on Feb. 28th, 2010

Newsflash

From left, Democratic Progressive Party legislators Wang Ding-yu, Lo Chih-cheng and Su Chen-ching yesterday hold a news conference in Taipei to discuss Mega International Commercial Bank’s branch in the US being fined for ignoring money laundering regulations.
Photo: George Tsorng, Taipei Times

US authorities had warned Mega International Commercial Bank’s New York branch that it had violated US money laundering regulations as early as 2013, after the bank dramatically increased the size of loans to businesses affiliated with the Chinese Nationalist Party (KMT), Democratic Progressive Party (DPP) legislators said yesterday.