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President, DPP chairperson to hold debate on ECFA

A highly anticipated debate between President Ma Ying-jeou (馬英九) and Democratic Progressive Party (DPP) Chairwoman Tsai Ing-wen (蔡英文) is scheduled to take place before the end of this month, representatives from both sides said yesterday.

The two will square off on issues surrounding an economic cooperation framework agreement (ECFA) that the Ma administration wants to sign with China, but which the DPP strongly opposes.

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PRC hand seen in Nan Shan bid: report

An electronic copy of a report obtained by the Taipei Times on the yet-to-be-approved sale of Nan Shan Life Insurance Co claims that the backers of the Hong Kong-based consortium led by Primus Financial Holding Ltd and China Strategic Holding may include individuals found guilty of financial irregularities as well as close relatives of senior members of the Chinese Communist Party.

The English translation of the report, which is dated March 10 and comes from the office of Democratic Progressive Party Legislator Pan Meng-an (潘孟安), also mentions risks of stock speculation and raises questions about the qualifications of major shareholders and the use of “shell” companies.

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Newsflash

Although the Ministry of National Defense and some Chinese Nationalist Party (KMT) legislators played down the significance of an incident involving two Chinese fighter aircraft in the Taiwan Strait late last month, analysts say the matter is more than simply routine.

Confirming on Monday media reports that one of two Chinese Sukhoi-27 fighter aircraft shadowing a US U-2 spy plane had crossed the median line in the Taiwan Strait on June 29, ministry officials maintained this was an isolated incident and did not regard it as provocative.

The Chinese aircraft are believed to have been from the 40th Fighter Regiment, 14th Fighter Division at Nanchang-Xiangtang Air Base in Jiangxi Province.