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August, 26, 2016

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Taiwan
Thirteen tourism-related businesses workers will march down Ketagalan Boulevard on Sept. 12 to call attention to concerns that the number of tourists from mainland China has declined since the new administration took office in May.
 
Samuel Yin (尹衍樑), chairman of Ruentex Financial Group (潤泰集團), is set to pocket NT$10 billion today from his stock holding in CTBC Financial Holding Co. (中信金), even before Yin's planned hostile takeover of CTBC begins.
 
China Airlines (CAL), one of the leading international carriers in Taiwan, said that it will resume cargo services to India amid optimism toward the fast-growing South Asian economy.
 
Premier Lin Chuan on Thursday directed the Financial Supervisory Commission (FSC) to begin examining Mega International Commercial Bank's New York and Panama branches immediately, after the bank was fined NT$180 million in the United States recently for violating anti-money laundering laws.
 
The Cabinet is set to appoint software extraordinaire Audrey Tang (唐鳳) as a minister without portfolio tasked with supervising an open government initiative and other digital economic programs, a spokesperson announced Thursday.
 
A magnitude-4.2 earthquake shook eastern Taiwan at 3:13 p.m. Thursday, according to the Central Weather Bureau (CWB).
 
Police have recovered about 80 percent of NT$1 million (US$31,616) worth of cash that an 80-year-old woman allegedly threw into a burner set up by a temple in Tamsui for burning joss paper and incense.
 > Taipei
 
Taiwan will significantly increase scholarship opportunities to attract students from Southeast Asia and India as part of the government's "New Southbound Policy," the Ministry of Education announced Thursday.
 
Defense drill held at Hsuehshan Tunnel
Taiwan military on Wednesday closed for the first time a main artery connecting the Greater Taipei area with northeastern Yilan County, to test the armed forces' ability to defend the capital city from Chinese invasion.
 
An appeals court on Wednesday awarded a group of plaintiffs NT$3.94 million over a plasticizer-tainted food scandal dating back to 2011.
 
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