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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 recent “Jasmine Revolution” and the effect it has had on autocratic political systems has shown that forces are in place for a new wave of democracy and that these could erupt at any time. These recent events also show that this force has a way of reaching areas situated near each other. The Internet has become a new tool for disseminating information about democracy and this is something that traditional theories on democratization never foresaw. The middle class, new social movements and even opposition parties have all fallen into the background and have been replaced with a new form of mass communication that is more democratic and decentralized.