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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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We're 228 Followers

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

2013-08-18 Holy Mountain Holiness Birthday and Tâi-uân-sîn Lin Mao-sheng Statue's Placement Ceremony

2013-02-28 228 Tâi-uân-sîn Thanksgiving Prayer Assembly - Realized the Determination of Founding Taiwan State with Democratic Power

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

Newsflash

A handout photo provided by the Office of the President of Taiwan on 12 July 2016 shows an aerial photograph of Taiping Island, also known as Itu Aba Island in the South China Sea on March 23, 2016.
Photo: EPA

Taiwan yesterday refused to accept a ruling by the Permanent Court of Arbitration in The Hague, Netherlands,which included a statement that Taiwan-controlled Itu Aba Island (Taiping Island, 太平島) in the Spratly Islands (Nansha Islands, 南沙群島) is a “rock,” saying the verdict has severely infringed on Taiwan’s rights over the South China Sea island and its surrounding waters.