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In Brief

In Brief

TRI warns of rising NPLs and bad debts
Officials criticized lawmakers for the delay on the passage of draft bills for financial institution supervision, for the purpose of imposing better control on bank lending policies and encouraging structural reform of the banking and financial services sector.
In a seminar organized by the Taiwan Research Institute (TRI), officials warned that instances of non-performing loans and bad-debt ratios have been increasing. They further stressed that if reform policies and strict supervisory measures are not implemented, Taiwan is at risk of financial crisis in the near future.
Panelist agreed that legislators and elected officials have been stumbling blocks to reform, and they must not interfere in the proposed banking and financial service restructuring, as many of them may act on personal interests or on party affiliation, which may cause them to block the bills.
Radar overhaul
Taiwan's coastguard said yesterday it is overhauling its ageing coastal radar system at an estimated cost of nearly NT$600 million to curb smuggling.
Four new radar stations are in place and 73 others are scheduled to be installed on Taiwan and offshore islands within two years, the Coast Guard Administration said.
The Vessel Traffic System, designed to beef up the coastguard's monitoring capability, will be able to detect ships near the coast and transfer information to supervising units via satellite.
Stowaways captured
Thirty-three Chinese stowaways were arrested aboard a newly-built fishing boat off the northern Taiwan coast at around midnight Tuesday, the Keelung coast guard squad said yesterday.
The Chinese stowaways, including one man and 32 women, hid themselves in the cabin of the Shunfeng No. 2 which coast guard officials said was specially designed to transport mainland stowaways ashore from the center line of the Taiwan Strait.
Religious pilgrimage
A large group of Taiwan pilgrims made a direct voyage to China from Kaohsiung via the frontline island of Kinmen yesterday to promote religious exchanges across the Taiwan Strait.
This represents the first time that a Taiwan religious group has traveled directly from Kaohsiung to the China via a transit stop in Kinmen since the ROC allowed for direct shipping links between its offshore defense outposts of Kinmen and Matsu and two Chinese port cities in Fujian Province ?Xiamen and Mawei ?on January 1, 2001.
The 426-member delegation, jointly organized by 10 temples dedicated to Matsu ?the Chinese goddess of the sea, is the largest Taiwan pilgrimage group to visit the mainland since the opening of direct Kinmen-Xiamen shipping services.
staff writers and AGENCIES


Updated : 2021-05-11 16:40 GMT+08:00