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Tsai vows to liberalize finance rules


President Tsai Ing-wen speaks at the opening ceremony of the 2020 Taiwan Capital Market Forum, held by the Liberty Times, in Taipei’s Neihu Disitrct yesterday.
Photo: Liu Hsin-de, Taipei Times

Taiwan would liberalize banking and investment rules to establish itself as a regional financial hub, President Tsai Ing-wen (蔡英文) told the Taiwan Capital Market Forum in Taipei yesterday.

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Former president Lee Teng-hui dies


Former president Lee Teng-hui, who passes away at 97 in Taipei yesterday, is pictured on the cover of Newsweek magazine in 1996.
Photo: Screen grab from Facebook

Former president Lee Teng-hui (李登輝) passed away at 7:24pm yesterday at Taipei Veterans General Hospital. He was 97 years old.

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Newsflash

The Red Cross Society of the Republic of China (ROC), which has raised nearly NT$1.7 billion (US$58.5 million) for disaster victims in Japan, more than all other Taiwanese charities combined, is facing criticism that most of the money has yet to leave Taiwan.

The complaints that only about a quarter of the money earmarked for Japan had been given to charitable aid efforts by yesterday came as attention focused on how the organization is managing the fund and how it plans to allocate the money.