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Key IT firm may be China-owned

An information technology company that provides key systems software for much of the country’s financial institutions is alleged to have been bought by a major China-based investor, an opposition legislator said.

The purchase has raised questions among Democratic Progressive Party (DPP) lawmakers on just how much of Taiwan’s sensitive financial data may have flown across the Taiwan Strait to Chinese companies.

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Hau admits crisis of overpriced flowers

Taipei Mayor Hau Lung-bin (郝龍斌) admitted yesterday that problems with procurement contracts handled by the city government have dampened his popularity and clouded his bid for a second term in the year-end election.

“It is without a doubt a crisis,” said Hau of the Chinese Nationalist Party (KMT), adding that he has briefed President Ma Ying-jeou (馬英九) — who doubles as the KMT chairman — and KMT Secretary-General King Pu-tsung (金溥聰) on the ins and outs of the matter.

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Page 209 of 250

Newsflash

China has expanded military training aimed at Taiwan to include practice for a “short, sharp war” with Japan, a senior US naval officer has said.

Captain James Fannell, director of intelligence and information operations for the US Pacific Fleet, made the assertion at a conference in San Diego, California, on Thursday last week.

He said that all branches of the Chinese People’s Liberation Army (PLA) trained for taking over the disputed Senkaku Islands — known as the Diaoyutai Islands (釣魚台) in Taiwan — during a large military exercise held recently.