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Taiwan Tati Cultural and Educational Foundation

New high for KMT shamelessness

Taipei Times Editorial

One might be forgiven for feeling a bit sorry for a struggling 104-year-old who has lost track of their fortune and fears being reduced to penury in their declining years.

One might, unless the centenarian is the Chinese Nationalist Party (KMT), whose fortune grew exponentially over the five decades it ruled Taiwan with an iron fist and whose injuries are entirely self-inflicted.

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Just a typo: bank’s latest excuse fails to convince

Lai Chen-chang 賴振昌

The turbulence surrounding Mega International Commercial Bank and the hefty fine levied on its New York branch has been going on for almost a month. The most recent explanation offered for the incident is that it was a “typographical error.”

The Executive Yuan’s task force overseeing the Mega Bank case has revealed that credit transactions between the bank’s Panama and New York branches in 2014 reached a total of US$491 million, but the report from the New York branch to the New York Department of Financial Services stated that the amount was mistakenly given as US$4.491 billion, and that this resulted in a misunderstanding.

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Jackie Chan replicas axed

Taipei Times

Bronze zodiac sculptures donated by Hong Kong actor Jackie Chan are on display outside the National Palace Museum Southern Branch in Chiayi County on March 1.
Photo: Chang Chia-ming, Taipei Times

The National Palace Museum is to remove replicas of artwork donated by Hong Kong actor Jackie Chan (成龍) amid controversy over Chinese attempts at “cultural unification,” museum Director Lin Jeng-yi (林正儀) said at the Legislative Yuan in Taipei yesterday.

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Keep an eye on Mega Bank

John Hsieh

Under the settlement provision of the New York Department of Financial Services (DFS) Consent Order announced on Aug. 19, Mega International Commercial Bank’s New York branch should do the following:

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Page 705 of 1526

Newsflash

WASHINGTON, Jan. 3 (UPI) -- U.S.-China relations will be strained by Washington's move to sell arms to Taiwan and a meeting with the Dalai Lama, experts say.

The pending approval by U.S. President Barack Obama of the sale of Black Hawk helicopters and anti-missile batteries to Taiwan early this year, coupled with an upcoming meeting between Obama and the Dalai Lama -- whom Chinese officials consider to a separatist -- will likely put pressure on relations with Beijing, The Washington Post reported Sunday.