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Smell of burning causes evacuation of Taipei MRT train

Around 250 passengers aboard a northbound train on Taipei’s Wenshan-Neihu MRT line were evacuated yesterday after staff at Nanjing East Road station detected a burning odor coming from cars.

The incident occurred at 8:29am when the train was at Nanjing East Road station.

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Central bank wants investment curbs

The central bank is pushing for curbs to be imposed on the amount of Chinese capital that can be placed in local stocks, hoping to stem the inflow of speculative funds, an official said yesterday.

The Financial Supervisory Commission, which has the authority to set limits on Chinese funds, has been approached by central bank officials eager to keep controls tight, said Lu Ting-chieh (盧廷劼), the commission’s chief secretary.

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Newsflash

Taiwan is already a sovereign and independent nation and therefore has no need to declare its independence, Vice President William Lai (賴清德) said at his swearing in as Democratic Progressive Party (DPP) chairman in Taipei yesterday.

Lai, who is regarded as the frontrunner to secure the DPP’s nomination for next year’s presidential election, made the comment after being asked to clarify his cross-strait policy.

Last month, he said it was to promote peace while protecting Taiwan.