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Taiwan News Morning Briefing – February 3

A new scheme expected to kick off in June will see the possibility of people who use Taipei and Kaohsiung's metro systems gaining Green Points as rewa...

A new scheme expected to kick off in June will see the possibility of people who use Taipei and Kaohsiung's metro systems gaining Green Points as rewa...

Market & Commodity ■ The Taiwan Stock Exchange’s (TWSE) main index opened 17.01 points higher to 9,404.00 on Tuesday, with turnover reaching NT$1.18 billion. (Taiwan News) ■ A late rally led by energy companies pushed U.S. stock indexes higher Monday after the market flitted between small gains and losses for most of the day. The S&P 500 rose 25.86 points, or 1.3 percent, to 2,020.85. The Dow added 196.09 points, or 1.1 percent, to 17,361.04. The Nasdaq composite rose 41.45 points, or 0.9 percent, to 4,676.69. (AP) World News ■ Japanese Prime Minister Shinzo Abe defends his policy toward terrorism, as the flag at his official residence flies at half-staff in a mark of mourning for two hostages killed by the Islamic State group. (AP) ■ An Indonesian court decides to go ahead with the trials of an American couple charged with murdering the woman's mother while vacationing on the resort island of Bali last year. The three-judge panel overruled defense arguments that the indictment submitted by prosecutors had inaccuracies and should be annulled. (AP) ■ Greece's finance minister is in London, Europe's financial center, to meet with the British government and banks to find support for his country's drive to renegotiate its bailout debt. (AP) ■ Dominique Strauss-Kahn is going on trial for sex charges in France — the nation where he once was considered a top presidential contender. The former head of the International Monetary Fund, whose career went down in flames amid accusations of sexually assaulting a hotel maid in New York, is facing similarly shocking charges in France. (AP) Local News ■ Once more Taipei Mayor Ko Wen-je has aides scrambling to explain what he really meant in a remark to the press. The latest flap over one of the mayor’s statements came not from an off-hand remark to reporters but from an interview which appeared in Foreign Policy magazine. Ko gave his view of the effects of colonialism on former colonies. In an online version of the interview published last week Ko was quoted as saying: “For the four Chinese-speaking regions — Taiwan, Singapore, Hong Kong and Mainland China — the longer the colonization, the more advanced a place is.” (Taiwan News) ■ Military sources say the Libyan-registered Zhen Hua No. 7, a transport vessel owned and operated by a Chinese firm, arrived at Taiping Island in the Spratlys last week and departed again within the seven working days specified in its application to enter the area. The ship was hired to transport eleven giant caissons being used in the construction of larger port facilities for the island, which is claimed by the ROC and occupied by several hundred Coast Guard personnel from Taiwan. (Taiwan News) ■ KMT legislator Alex Tsai presented a spirited 5000-word defense in response to the recall petition he faces thanks to a group called the Appendectomy Project. Tsai lashed out at the leaders in last year’s Sunflower Student Movement, blaming them for stirring up opposition to his political positions and achievements. He called the recall petition “absurd and baseless”, saying that it was an insult to the intelligence of the citizens of Taipei City that hardly deserved refuting. (Taiwan News) ■ DPP Chairman Tsai Ing-wen announced the development of an "Open DPP" plan Monday, citing the proposal as a way to get more party members involved in discussions and implementation of public policies in the party. The ultimate aim of the plan will be to get a minimum of 10,000 members to sign in via the Internet to support positions on policies being considered by the party leadership. (Taiwan News) ■ Taiwan’s smoldering avian flu outbreak spread in an entirely new direction this week as Taitung County Animal Epidemic Protection Station (AEPS) confirmed Monday that the highly pathogenic H5 virus has been found in chickens on a small farm near Taitung City. The virus outbreak now has spread across the Central Mountain Range to the east coast. Health authorities ordered the culling of all birds on the farm Monday evening. (Taiwan News) ■ Former President Lee Teng-hui said Monday that he will invite the heads of Taiwan's two major parties for a meeting on how to change the process used to amend the country's Constitution. (CNA) ■ The Financial Supervisory Commission (FSC) will publish 631 volumes of financial data by the end of May, including data on common service charges of banking institutes in Taiwan, for use by the private sector, the financial regulator said Monday in a statement. (CNA) ■ Wei Ying-chung, the disgraced former chairman of Ting Hsin Oil and Fat Industrial Co., may not get his wish to spend the Lunar New Year holiday at home after the Taiwan High Court revoked on Monday a lower court's ruling that Wei be granted bail. (CNA)


Updated : 2021-09-26 22:10 GMT+08:00