Recently the PFP has specialized in holding press conferences and crying foul on behalf of its chairman. To clear PFP Chairman James Soong (
With so many fingers pointing at its controversial leader, the PFP in its paranoia is presenting a conspiracy theory, essentially claiming that everyone wants to harm Soong. But is Soong really as innocent as the PFP would like us to believe?
The Chung Hsing Bills Finance scandal is a four-year-old case. On Wednesday, in response to a question from a member of the public, President Chen Shui-bian (
After the Taipei District Prosecutors' Office decided not to indict Soong over the case, lawyer Chuang Po-lin (
The Taiwan High Court Prosecutors' Office has now ordered the Taipei prosecutors' office to look into the reasons cited by Chuang in his appeal. The pan-blue lawmakers' accusations of political persecution are an overreaction.
On another front, the Central News Agency (CNA) recently made a mistake in translating a news report about former French foreign minister Roland Dumas' remarks on the Lafayette scandal. Dumas claimed that US$400 million in kickbacks had been transferred to the "general secretariat" of the then-ruling party -- ie, the KMT. But CNA mistranslated the phrase "general secretariat" as "secretary general" -- and in so doing directly implicated Soong.
The fact that the report turns out to be a mistranslation in no way actually proves Soong's innocence. After all, he was the KMT secretary-general at the time, the man who oversaw the party's secretariat. If the Lafayette kickbacks have anything to do with the KMT's secretariat, they almost certainly have to do with Soong. Using a mistranslated news report to "prove" Soong's innocence is an attempt to divert public attention and put blinkers on people's eyes.
This is nothing new for Soong. A few days ago, Soong argued during a press conference that, as director-general of the Government Information Office at the time, his role in the 1979 Kaohsiung Incident was simply to try to maintain the nation's image. What an understatement. During the trials for those arrested in the notorious incident, Soong publicly denounced them as "pro-Taiwan independence elements," and "those who walk the same path as the Communist bandits," and as "People who want to overthrow the government by force."
Soong's words defined the incident then and betray him now.
There's a frequently used phrase in local politics -- borrowed from Shakespeare -- "The queen's chastity cannot be questioned!" Soong is not only the chairman of the PFP but also the "queen" whom KMT Chairman Lien Chan (
The conflict in the Middle East has been disrupting financial markets, raising concerns about rising inflationary pressures and global economic growth. One market that some investors are particularly worried about has not been heavily covered in the news: the private credit market. Even before the joint US-Israeli attacks on Iran on Feb. 28, global capital markets had faced growing structural pressure — the deteriorating funding conditions in the private credit market. The private credit market is where companies borrow funds directly from nonbank financial institutions such as asset management companies, insurance companies and private lending platforms. Its popularity has risen since
The Donald Trump administration’s approach to China broadly, and to cross-Strait relations in particular, remains a conundrum. The 2025 US National Security Strategy prioritized the defense of Taiwan in a way that surprised some observers of the Trump administration: “Deterring a conflict over Taiwan, ideally by preserving military overmatch, is a priority.” Two months later, Taiwan went entirely unmentioned in the US National Defense Strategy, as did military overmatch vis-a-vis China, giving renewed cause for concern. How to interpret these varying statements remains an open question. In both documents, the Indo-Pacific is listed as a second priority behind homeland defense and
Every analyst watching Iran’s succession crisis is asking who would replace supreme leader Ayatollah Ali Khamenei. Yet, the real question is whether China has learned enough from the Persian Gulf to survive a war over Taiwan. Beijing purchases roughly 90 percent of Iran’s exported crude — some 1.61 million barrels per day last year — and holds a US$400 billion, 25-year cooperation agreement binding it to Tehran’s stability. However, this is not simply the story of a patron protecting an investment. China has spent years engineering a sanctions-evasion architecture that was never really about Iran — it was about Taiwan. The
After “Operation Absolute Resolve” to capture former Venezuelan president Nicolas Maduro, the US joined Israel on Saturday last week in launching “Operation Epic Fury” to remove Iranian supreme leader Ayatollah Ali Khamenei and his theocratic regime leadership team. The two blitzes are widely believed to be a prelude to US President Donald Trump changing the geopolitical landscape in the Indo-Pacific region, targeting China’s rise. In the National Security Strategic report released in December last year, the Trump administration made it clear that the US would focus on “restoring American pre-eminence in the Western hemisphere,” and “competing with China economically and militarily
RSS