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In Brief

In Brief

Banking association extends grace period
Taiwan's Banking Association has agreed to extend a grace period by two months for people who cannot pay their credit card bills on time.
An association spokesman said credit card holders may postpone their card payments for two months without damaging their credibility if they could present documents showing that their spouses or close keens are very ill, or that they have to pay taxes or the tuitions of their children.
Earlier, only credit card holders who were very ill or those who were out of work involuntarily could negoatiate with their banks for postponement of their credict card payments.
Fines over pricey milk
The Fair Trade Commission under the Executive Yuan yesterday issued a total of NT$11.5 million in fines to three enterprises, Uni-President Enterprise Corp., Wei Chuan Corp., and Kuang Chuan Dairy Corp., for simultaneously increasing milk prices on August 1.
Spokeswoman of the commission Chou Ya-shu (周雅淑) noted that as the three enterprises account for nearly 80 percent of market share in dairy products in Taiwan, the three corporations should prevent milk prices from increasing at the same time. The simultaneous price hike was not only a violation of the free market, but also affected consumers' rights, Chou said.
Illegal drug labs
Illegal drug laboratories are gradually moving from China to Taiwan, posing a threat to the nation's social order, Coast Guard Administration Minister Wang Jin-wang said yesterday.
The phenomenon has become more evident as investigation and law enforcement on illegal drug production are getting stricter in China, Wang said.
According to Wang, CGA and the Bureau of Investigation under the Ministry of Justice discovered a drug factory in Tainan County August 26, and found 800 kilograms of ketamine worth NT$600 million (US$18.09 million), the biggest single haul of ketamine in Taiwan's history.
Cross-strait travel fair
KINMEN
A delegation of more than 70 members from the outlying island of Kinmen will leave for Xiamen in China's Fujian province September 4 via the "mini-three links" to take part in the 2007 Cross-Strait Travel Fair scheduled for September 6-11.
The delegation will be headed by Kinmen Deputy Magistrate Yang Chung-chuan. Its members will include officials from the county government's Bureau of Tourism and Bureau of Reconstruction, employees from the Kinmen Kaoliang Liquor Co., members of the Kinmen Chamber of Commerce and the Kinmen Association of Travel Agents, and representatives from 18 businesses.