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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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Newsflash


NATO Secretary General Jens Stoltenberg speaks during a press conference at a NATO summit in Madrid yesterday.
Photo: Reuters

NATO has for the first time singled out China as one of its strategic priorities for the next decade, warning about its growing military ambitions, confrontational rhetoric toward Taiwan and other neighbors, and increasingly close ties to Russia.

In Taipei, the Ministry of Foreign Affairs (MOFA) yesterday said it appreciates the alliance’s global vision in facing up squarely to the systemic challenges posed by China.