The Cabinet yesterday approved several nominations made by the Ministry of Finance to reshuffle the top brass of the nation's major state-run banks.
Former Taiwan Sugar chairman Wu Nai-jen (
Chen will replace Liang Cheng-jin (梁成金), who is retiring, as head of the Taiwan Cooperative Bank, the ministry said in a press statement yesterday. Taiwan Business Bank president Soo Jin-fong (蘇金豐) will take over as president of the Taiwan Cooperative Bank.
Joseph Lyu (呂桔誠), former vice chairman of the Commission of National Corporations, was appointed as Bank of Taiwan chairman to fill a vacancy left by Chen Mu-tsai (陳木在), who was promoted to head China Development Financial Holding Corp in April.
The ministry appointed Tsai Jer-shyong (
Bank of Overseas Chinese chairman Herbert Chung (鍾甦生) replaces Wang Rong-jou (王榮周) as chairman of Taiwan Business Bank. Wang was appointed to chair the Taiwan Asset Management Corp, while Hung San-hsiung (洪三雄) will take over as chairman of Taiwan Financial Asset Services.
ESCALATING TENSIONS: The US called for restraint and meaningful dialogue after Beijing threatened Taiwanese independence advocates with the death sentence The US on Monday condemned China’s “escalatory and destabilizing language and actions” toward Taiwan after Beijing last week announced new guidelines to punish supporters of Taiwanese independence. Asked about the guidelines, which included the death sentence for “diehard” independence advocates, US Department of State spokesman Matthew Miller said: “We strongly condemn the escalatory and destabilizing language and actions from PRC [People’s Republic of China] officials.” “We continue to urge restraint and no unilateral change to the status quo,” he said at the press briefing. The US urges China to “engage in meaningful dialogue with Taiwan,” Miller said, adding that “threats and legal
DEATH THREAT: A MAC official said that it has urged Beijing to avoid creating barriers that would impede exchanges across the Strait, but it continues to do so People should avoid unnecessary travel to China after Beijing issued 22 guidelines allowing its courts to try in absentia and sentence to death “Taiwan independence separatists,” the Mainland Affairs Council (MAC) said yesterday as it raised its travel alert for China, including Hong Kong and Macau, to “orange.” The guidelines published last week “severely threaten the personal safety of Taiwanese traveling to China, Hong Kong and Macau,” MAC Deputy Minister and spokesman Liang Wen-chieh (梁文傑) told a news conference in Taipei. “Following a comprehensive assessment, the government considers it necessary to elevate the travel alert to orange from yellow,” Liang said. Beijing has
Chinese President Xi Jinping (習近平) yesterday said that the Chinese Communist Party was planning and implementing “major” reforms, ahead of a political conclave that is expected to put economic recovery high on the agenda. Chinese policymakers have struggled to reignite growth since late 2022, when restrictions put in place due to the COVID-19 pandemic were lifted. The world’s second-largest economy is beset by a debt crisis in the property sector, persistently low consumption and high unemployment among young people. Policymakers “are planning and implementing major measures to further deepen reform in a comprehensive manner,” Xi said in a speech at the Great Hall
WATER CONCERNS: The CWA encouraged people to conserve water, as fewer typhoons would bring less rain, and the plum rain season brought in only 60% of average rainfall About two to four typhoons are forecast to come close to Taiwan between now and November, the Central Weather Administration (CWA) said yesterday, as it also forecast that extreme heat would persist throughout the week, only dropping by 1°C after Friday. The number of typhoons is slightly lower than the average of three to five, reflecting a weakening El Nino weather pattern and the possibility of a La Nina pattern approaching, CWA Weather Forecast Center Director Chen Yi-liang (陳怡良) told a news conference in Taipei. While typically fewer typhoons develop under such conditions, their routes would be more likely to pass near