Taiwan Tati Cultural and Educational Foundation

Ministry rejects KMT bond payment

Taipei Times

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.

Corporate culture repressing Taiwan

Taipei Times Editorial

Over the past few days, Time magazine as well as Agence France-Presse have reported on the phenomenon of an increasing number of young Taiwanese preferring to work in China. This is nothing new, as Taiwanese have been looking to China for business opportunities for decades.

However, as salaries and opportunities in Taiwan continue to stagnate, this number will only increase, despite increasing cross-strait tensions and an ever-growing and maturing sense of Taiwanese identity.

The Achilles’ heel of PRC and ROC

Peter Chen 陳正義

The Cairo Declaration of Dec. 1, 1943, is often cited as the legal foundation for the People’s Republic of China’s (PRC) and the Republic of China’s (ROC) claims to territorial sovereignty over Taiwan.

The declaration, in international law, was not a binding commitment, but a mere joint communique by then-US president Franklin Roosevelt, then-president Chiang Kai-shek (蔣介石) and then-British prime minister Winston Churchill, and was announced four days after the conclusion of the Cairo Conference on joint war plans.

Nation’s security weakness exposed

Liberty Times Editorial

Due to an operational error that affected CPC Corp, Taiwan’s (CPC) natural gas supply to Taiwan Power Co’s (Taipower) Datan Power Station late on Tuesday afternoon, large areas of Taiwan experienced power outages as Taipower restricted the electricity supply district by district throughout the nation.

It was not until 9:40pm that power was fully restored, after business owners had suspended their businesses, while others had been caught in elevators, production lines had been closed down and communication networks had been interrupted. The situation was reported by the news media, and opposition parties made a big fuss over it.

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