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August, 26, 2016

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Taiwan > National
President demands a new strategy for defense by Jan. 2017
President Tsai-Ing-wen Thursday called on the Defense Ministry to develop a new defense strategy for the nation's armed forces during her first inspection tour to the annual Han Kuang military exercises in Pingtung.
 
Taiwan, Germany explore cooperation opportunities in smart manufacturing
Business and political leaders from Taiwan and Germany pledged to collaborate on developing smart machinery and Industrie 4.0 at a summit on Thursday.
 
Gov't officials attend opening of wind power investment expo
President Tsai Ing-wen's administration outlined the nation's bid to speed up implementation of renewable energy operations at the 2016 Taiwan Wind Power Investment International Conference and Exhibition Thursday.
 
Labor unions staged a protest outside the Labor Insurance Bureau Thursday, demanding the Cabinet withdraw a bill that would eliminate seven public holidays and take away employees' right to a two-day weekend.
 
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.
 
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).
 
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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