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Tuesday, October 14, 2014
Ting Hsin International Group's (頂新集團) buyout of CNK (中嘉), a Multiple System Operator (MSO) of cable television in Taiwan, might not go as smoothly as planned, as banks have decided to temporarily suspend lending to Ting Hsin.
Vietnam has confirmed that oil exported to one of the companies at the heart of Taiwan's edible oil scandal was intended for use in animal feed and not fit for human consumption, according to the Taipei Economic and Cultural Office in Hanoi Monday.
Taiwan's government has decided to halve the import duties on imported lard and pig fat to prevent major price fluctuations in lard-based oils that could soon be in short supply because of a nationwide edible oil scare.
A system recently unveiled by the National Health Insurance Administration can compile information for patients on the medical care they have received over the past year, helping them keep track of their prescriptions and illnesses.
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Monday, October 13, 2014
Taiwan -- Fifth suspect held in latest oil scandal
Late yesterday, Kaohsiung prosecutors obtained court approval for the detention of Cheng-I Food Co.'s (正義食品) upstream oil supplier Lin Ming-Chung (林明忠). Lin is the fifth suspect to be detained over the tainted oil scandal that has rocked the nation.
The Executive Yuan yesterday announced that approval for hiking the minimum wage has been completed this year and more measures to safeguard the interests of Taiwan's labor force will soon follow, promising to “do all it can,” including toughening laws and punishing “black-hearted” entrepreneurs, to restore people's confidence in the nation's food safety system.
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The average monthly salary of employees in Taiwan's industry and services sector was US$1,533.9 in 2013, a 9 percent increase since the financial crisis of 2008, but the growth rate is less than half of that in Hong Kong, Singapore and South Korea, local Chinese media the Economic Daily News reported Saturday.
Taiwanese short film “Stairway” by actor-turned-director Matt Wu won the best Asian short film award at the 19th Busan International Film Festival in South Korea on Saturday, making Wu the first Taiwanese to win the award.
Taipei mayoral candidates, Kuomintang (KMT) Sean Lien (連勝文) and Democratic Progressive Party (DPP) Ko Wen-je (柯文哲) put aside their differences and agreed to discuss their political platforms during the upcoming mayoral debates.
Sunday, October 12, 2014
Taiwan -- Ting Hsin's feet to fire  in nationwide boycott
A campaign to boycott Ting Hsin (頂新集團)food products picked up momentum yesterday as food conglomerate tycoon Wei Ying-chung (魏應充) made his first public appearance since the latest tainted oil scandal erupted to apologize to the nation.
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