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Taiwan Tati Cultural and Educational Foundation

Judiciary vows toughness in Weng case


Civic group representatives lodge a complaint at the Taipei District Prosecutors’ Office yesterday against six former judges implicated in the Weng Mao-chung corruption case.
Photo: CNA

The investigation into the Weng Mao-chung (翁茂鍾) case would hold all judicial personnel involved accountable to the strictest interpretation of the law, Judicial Yuan President Hsu Tzong-li (許宗力) said yesterday, while pledging more action against misconduct to uphold the judiciary’s credibility.

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China’s pan-blue comrades-in-arms

The Coast Guard Administration (CGA) and the US Coast Guard last month signed a memorandum of understanding (MOU) to establish a coast guard working group. The agreement is an important milestone in the transformation of Taiwan’s coast guard toward the US model. Despite this positive piece of news, the pan-blue camp has, once again, adopted a bizarre and illogical stance.

Broadcasting Corp of China chairman Jaw Shaw-kong (趙少康) has proposed that Taiwan sign an MOU with the Chinese Coast Guard for the joint defense of the disputed Diaoyutai Islands (釣魚台) — known as the Senkaku Islands in Japan.

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EU set to stand up for human rights

On March 22, the EU announced sanctions and travel restrictions on four Chinese officials, including the director of the Public Security Bureau, after China was accused of human rights abuses against Uighurs and other minorities in Xinjiang.

Beijing’s immediate retaliation by announcing sanctions against five European Parliament members, three parliamentarians in EU countries and two EU academics did not sway the bloc, and the European Parliament even announced that it would suspend its review of the EU-China Comprehensive Agreement on Investment.

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First COVAX vaccines arrive in Taiwan

The first batch of COVID-19 vaccines allocated to Taiwan through the global vaccine sharing program COVAX is offloaded after its arrival at Taiwan Taoyuan International Airport yesterday.
Photo: Chu Pei-hsiung, Taipei Times

The first batch of COVID-19 vaccines allocated to Taiwan through the COVAX global vaccine-sharing program arrived yesterday, the Food and Drug Administration (FDA) said, adding that, after testing, it would be able to distribute them by Monday next week at the earliest.

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Newsflash

China’s local government debt may be 3.5 trillion yuan (US$540 billion) larger than auditors estimated, potentially putting banks on the hook for deeper losses that could threaten their credit ratings, Moody’s said yesterday.

Moody’s reviewed a report released by China’s state auditor last week, which found that local governments had chalked up 10.7 trillion yuan of debt. Moody’s said it identified more loans funded by banks after accounting for discrepancies in figures given by various Chinese authorities.

Investors worry the pile of loans, about half of which were racked up during a 2008 stimulus spending binge, could destabilize the Chinese economy in the long run. If banks have to absorb heavy losses, it could restrict lending.