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President, DPP chairperson to hold debate on ECFA

A highly anticipated debate between President Ma Ying-jeou (馬英九) and Democratic Progressive Party (DPP) Chairwoman Tsai Ing-wen (蔡英文) is scheduled to take place before the end of this month, representatives from both sides said yesterday.

The two will square off on issues surrounding an economic cooperation framework agreement (ECFA) that the Ma administration wants to sign with China, but which the DPP strongly opposes.

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PRC hand seen in Nan Shan bid: report

An electronic copy of a report obtained by the Taipei Times on the yet-to-be-approved sale of Nan Shan Life Insurance Co claims that the backers of the Hong Kong-based consortium led by Primus Financial Holding Ltd and China Strategic Holding may include individuals found guilty of financial irregularities as well as close relatives of senior members of the Chinese Communist Party.

The English translation of the report, which is dated March 10 and comes from the office of Democratic Progressive Party Legislator Pan Meng-an (潘孟安), also mentions risks of stock speculation and raises questions about the qualifications of major shareholders and the use of “shell” companies.

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Newsflash

President Ma Ying-jeou (馬英九) yesterday said he would honor the legislature’s decision to amend a food safety law even though it would contravene a bilateral beef trade protocol signed by Taiwan and the US in October. The president, however, was evasive about who should be held responsible for the about-face.

“The top priority at the moment is to find out how the US government will react to the legislature’s decision and minimize the damage,” Ma said at a press conference at the Presidential Office yesterday afternoon after the legislature in the morning passed an amendment to the Act Governing Food Sanitation (食品衛生管理法), banning imports of specific beef products from countries with documented cases of mad cow disease in the past decade.