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August, 25, 2016

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Taiwan probes leading bank linked to Panama Papers
The government is investigating a bank linked to the so-called Panama Papers scandal, in the wake of a US$180 million fine levied by U.S. authorities for "flagrant disregard" of anti-money laundering laws.
Domestic fuel prices to see hike matching year's largest increase
State-owned oil refiner CPC Corp. announced a NT$1.1 (US$0.03) per liter fuel price hike from Monday, the largest weekly increase this year so far.
More than 1,000 national rail employees have signed a petition indicating they will not work additional shifts during next month's Mid-Autumn Festival holiday travel period, organizers said Sunday.
The opposition Kuomintang (KMT) plans to propose 3,500 separate adjustments to the Cabinet's proposed budget for 2017, lawmakers said Sunday.
The five-day live-fire drill events of the military's annual Han Kuang series of exercises will kick off on Monday when President Tsai Ing-wen is expected to preside over parts of the exercises, the first time since she took office, according to the Ministry of National Defense (MND).
The ratio of "May December" love -- between older women and younger men -- has surged to a 10-year high in Taiwan, with nearly two such couples in every 10 registered marriages since the end of last year, according to government statistics.
Three tropical storms have formed in the Pacific, one of which has been named Lionrock and is expected to bring rain to Taiwan from Aug. 25, the Central Weather Bureau said on Sunday.
The Ministry of National Defense has issued call-up orders to mobilize military reservists to attend an exercise dubbed Tung Hsin No. 28 (同心28號), slated for Aug. 22 to 26, according to a press release issued by the MND.
Committed to cross-strait status quo: Tsai
President Tsai Ing-wen reaffirmed Saturday her belief in the importance of maintaining the status quo in cross-strait relations, three months into her presidency.
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Vice President Chen Chien-jen (陳建仁), who returned from a visit to the Dominican Republic on Saturday, said he believed his trip has helped promote the new Taiwan government's "steadfast diplomacy" and raised Taiwan's international visibility.
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