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Saturday, August 30, 2014
Prosecutors have decided not to appeal a verdict by the Taiwan High Court last week that found former President Lee Teng-hui (李登輝) not guilty of corruption and money laundering between 1998 and 2000 when he was still president.
Taiwan -- APT to snub rival, launch 4G network later this year
Asia Pacific Telecom (APT,亞太電信) Chairman Lu Fang-ming (呂芳銘) yesterday stated that shifting its 4G network launch date from the first quarter of next year to before the end of this year is the best path for the company, he said at the firm's extraordinaire shareholders' conference.
Tax revenues in the first seven months reached a new high of NT$1.19 trillion, with securities trading tax revenues surging 34.3 percent to hit a three-year high of NT$54.1 billion.
Transfers of non-investment life insurance policies sold in Taiwan became effective Friday in a bid to meet a wide range of different fund needs of insurance policyholders, according the Financial Supervisory Commission (FSC,金融監督管理委員會).
Shares in Taiwan closed lower Friday, extending losses from a session earlier in the wake of losses posted on Wall Street overnight amid renewed geopolitical concerns related to Ukraine, dealers said.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.005 to close at the day's high of NT$29.970 as the greenback recouped its earlier losses on the back of local central bank intervention, dealers said.
Jih Sun International Commercial Bank (日盛國際商銀), the banking arm of Taiwan-based Jih Sun Financial Holding Co. (日盛金控), opened a representative office in Hong Kong Friday, establishing its first overseas foothold.
Friday, August 29, 2014
Taiwan -- Kai Ko released from custody after drug bust
Taiwanese actor Kai Ko (柯震東) was released at midnight today from custody in Beijing.
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The Taipei District Prosecutors Office (TDPO) yesterday summoned former Mainland Affairs Council (MAC) Deputy Minister Chang Hsien-yao (張顯耀) and three other witnesses for questioning regarding Chang's alleged information leak.
Taiwan -- Tour guides demonstrate for working rights
About 600 local tour guides and supporters demonstrated in front of the Ministry of Transportation and Communications (MOTC) yesterday, saying that their working rights have been compromised by the opening of the tourism market to mainland Chinese individual travelers.
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