Legislators and activists urged the government yesterday to exercise care in appointing the new chairman of state-run China Steel Corp (
Amid speculation about high-level, behind-the-scenes disagreements over who should chair China Steel, the Commission of National Corporations (
At a press conference held by independent legislator Liao Hsueh-kuang (
Activists from Spoonbill Action Voluntary Echo International, Taiwan Environmental Action Network, Taiwan Environmental Protection Union and the Taiwan Labor Front, also said at the press conference that the steel industry was a "sunset industry," which deserved no support from the government.
The new chairman of China Steel's board will receive a NT$6 million annual salary and will be the dominant figure in the allocation of an over NT$60 billion budget for the planned rapid transit system in Kaohsiung, in which the company is the sole investor.
It has been reported that the two leading candidates for the post are Wang Chung-yu (
Yieh-loong has been involved in the proposal for the Pinnan Industrial Complex (濱南工業區) in Tainan together with the Tuntex Group (東帝士集團) since 1993. The environmental impact assessment for the project has not yet received final approval from the Environmental Protection Administration.
Yieh-loong was purchased by China Steel last year after a financial crisis at the company.
Environmentalists, however, say that the two major rivals and frontrunners are both unqualified.
"We are particularly against Kuo, the promoter of an industrial complex that will have a negative impact on the environment, including air pollution and the destruction of a wintering site for the endangered Black-faced Spoonbill," said Pan Han-chiang (
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
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The US said it plans to help build a first-of-its-kind industrial hub in the Philippines to boost production of inputs crucial to US supply chains. The 4,000-acre hub is intended to be “a purpose-built platform for allied manufacturing” and “an investment acceleration hub where the specific industrial activities are shaped by market demand,” the US Department of State said on Thursday. The project — touted as an “economic security zone” — would be within the Luzon Economic Corridor, a flagship economic project backed by the US and Japan on the main Philippine island. The project was also described as “the first artificial intelligence