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South Taiwan business owner reports loan shark for 'not taking repayment'

TAIPEI (Taiwan News) — A business owner in Tainan reported a loan shark for avoiding him and making him unable to pay off his debt, The Liberty Times reported. The man had “stormed into...

Taiwan tycoon sentenced to 8 years and 6 months for illegal loans

TAIPEI (Taiwan News) — Former SinoPac Financial Holdings Co. (永豐金控) Chairman Ho Shou-chuan (何壽川) was sentenced to eight years and six months in prison for illegal loans Friday (Nov. 20), but his...

China's Hengfeng Bank ex-chairman Cai sentenced to death with two-year reprieve

A Chinese court sentenced on Friday (Nov. 6) the former chairman of Hengfeng Bank, Cai Guohua, to death with two-year reprieve after convicting him of abuse of power, corruption, embezzlement, receivi...

Albania police arrest Chinese allegedly tied to crime group

TIRANA, Albania (AP) — Albanian police say they have arrested a Chinese man wanted in his country for illegal earnings as part of an organized crime group. A statement Wednesday said...

New anti-submarine aircraft added to Taiwan's military forces

PINGTUNG (Taiwan News) — Taiwan President Tsai Ing-wen (蔡英文) announced the replacement of the country’s S-2 Tracker (S-2T) anti-submarine aircraft with the Lockheed P-3C (P-3C) aircraft at...

Taiwanese tycoon needs 90 minutes to find NT$400 million for bail

TAIPEI (Taiwan News) – SinoPac Financial Holdings Co. (永豐金控) founder Ho Show-chung (何壽川) needed less than an hour and a half to find NT$400 million (US$13 million) to pay for bail, reports said ...