The past year has been a rocky one for the cash-strapped Independence Evening Post (自立晚報) and yesterday was no exception.
Chang Fu-tai (
Chang said he has filed forgery charges with the Taipei District Prosecutors' Office against his predecessor, Wang Shih-chien (
"The selection process was unlawful and invalid. I don't enjoy the status of chairman at all," Chang said.
On July 26, it was widely reported that Chang, a doctor of Chinese medicine and chairman of the Green Peace Radio Station (綠色和平), succeeded Wang as the Post's chairman.
Chang, however, said yesterday that he was being used by Wang as a "tool to evade due legal responsibilities."
Before Chang was reported to have taken over at the newspaper, Wang already owed him NT$12 million in loans. Some of those loans had been given to Wang in the name of the newspaper, others were personal loans.
According to Chang, he never signed any documents for the company or took part in any board meetings over the past month and a half.
Chang said he discovered the ploy only a few weeks ago, when he found out that Wang still owed the paper NT$9 million in payment for the employees' labor insurance and NT$12 million in pay to the paper's deliverers.
Wang denied all of Chang's accusations yesterday.
He said he has maintained no connection with the Post since he stepped down from the chairmanship on July 26, urging Chang to take up his responsibility to cope with the paper's financial problems.
Wang said the financial condition of the Post was transparent under his leadership and that he lost hundreds of millions of NT dollars investing in the paper.
Members of the Post's workers' union yesterday protested the buck-passing between the old and new management.
ACTION PLAN: Taiwan would expand procurement from the US and encourage more companies to invest in the US to deepen bilateral cooperation, Lai said The government would not impose reciprocal tariffs in retaliation against US levies, President William Lai (賴清德) said yesterday, as he announced five strategies to address the issue, including pledging to increase Taiwanese companies’ investments in the US. Lai has in the past few days met with administrative and national security officials, as well as representatives from various industries, to explore countermeasures after US President Donald Trump on Wednesday last week announced a 32 percent duty on Taiwanese imports. In a video released yesterday evening, Lai said that Taiwan would not retaliate against the US with higher tariffs and Taiwanese companies’ commitments to
Intelligence agents have recorded 510,000 instances of “controversial information” being spread online by the Chinese Communist Party (CCP) so far this year, the National Security Bureau (NSB) said in a report yesterday, as it warned of artificial intelligence (AI) being employed to generate destabilizing misinformation. The bureau submitted a written report to the Legislative Yuan in preparation for National Security Bureau Director-General Tsai Ming-yen’s (蔡明彥) appearance before the Foreign Affairs and National Defense Committee today. The CCP has been using cognitive warfare to divide Taiwanese society by commenting on controversial issues such as Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) investments in the
HELPING HAND: The steering committee of the National Stabilization Fund is expected to hold a meeting to discuss how and when to utilize the fund to help buffer the sell-off The TAIEX plunged 2,065.87 points, or 9.7 percent, to close at 19,232.35 yesterday, the highest single-day percentage loss on record, as investors braced for US President Donald Trump’s tariffs after an extended holiday weekend. Amid the pessimistic atmosphere, 945 listed companies led by large-cap stocks — including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Hon Hai Precision Industry Co (鴻海精密) and Largan Precision Co (大立光) — fell by the daily maximum of 10 percent at the close, Taiwan Stock Exchange data showed. The number of listed companies ending limit-down set a new record, the exchange said. The TAIEX plunged by daily maxiumu in just
‘COMPREHENSIVE PLAN’: Lin Chia-lung said that the government was ready to talk about a variety of issues, including investment in and purchases from the US The National Stabilization Fund (NSF) yesterday announced that it would step in to staunch stock market losses for the ninth time in the nation’s history. An NSF board meeting, originally scheduled for Monday next week, was moved to yesterday after stocks plummeted in the wake of US President Donald Trump’s announcement of 32 percent tariffs on Taiwan on Wednesday last week. Board members voted to support the stock market with the NT$500 billion (US$15.15 billion) fund, with injections of funds to begin as soon as today. The NSF in 2000 injected NT$120 billion to stabilize stocks, the most ever. The lowest amount it