KMT legislator Yang Chi-hsiung (
At a press conference yesterday, Yang presented a pile of documents which, he claimed, disproved Soong's story that he had returned several months ago a sum of NT$106 million that had been deposited into his son Soong Chen-yuan's (宋鎮遠) Chung Hsing Bills Finance Corporation account.
"Last week Soong claimed that he had returned the money to the unidentified `elder' on June 10," Yang said. "But according to my own information, after June 17 there were still transactions listed in this account.''
Yang also said that even when the account was finally liquidated on Oct. 4, the resulting cash was paid into a deposit account in Soong Chen-yuan's name at a branch of the First Commercial Bank.
"Are there any other mystery accounts?" Yang asked.
Immediately after the press conference finished, Yang went to the Ministry of Finance to provide evidence that Soong Chen-yuan had evaded paying gift tax on the "elder's" donations. He then took the records of Soong Chen-yuan's Chung Hsing Bills Finance account to the Taipei District Prosecutor's Office.
The controversy surrounding the accounts hinges on how in 1991-93, Soong Chen-yuan, at the time only 24 years old, with no independent means of support, purchased NT$120 million worth of securities, receiving NT$106 million in one day in December 1992 when his father was still serving as KMT secretary-general.
James Soong's spokesman, Yen Rong-chang (顏榮昌), denied that the Soong camp had ever claimed the account was liquidated in June.
"Even in our official newsletter, we only said that since Soong Chen-yuan no longer needed the money, we returned it to the `elder' several months ago. There was no mention of a specific date," Yen said.
Yen said that the whole issue still required an explanation from Soong himself.
An aide to Soong said the candidate spent all day yesterday in discussion with his inner circle to hammer out a strategy.
Soong's aides said they were preparing to cancel today's scheduled signature drive in Penghu County to organize a press conference aimed at providing the facts of the case.
Independent legislator Robert Hsu (
The accusations against Soong have had a dramatic impact on the presidential race, but not to the obvious advantage of KMT presidential candidate Lien Chan (
A poll conducted by the TVBS TV channel, conducted on Sunday, showed that DPP presidential hopeful Chen Shui-bian (陳水扁) had taken the lead from Soong.
But DPP legislator Chou Po-lun (
DEMOGRAPHICS: Robotics is the most promising answer to looming labor woes, the long-term care system and national contingency response, an official said Taiwan is to launch a five-year plan to boost the robotics industry in a bid to address labor shortages stemming from a declining and aging population, the Executive Yuan said yesterday. The government approved the initiative, dubbed the Smart Robotics Industry Promotion Plan, via executive order, senior officials told a post-Cabinet meeting news conference in Taipei. Taiwan’s population decline would strain the economy and the nation’s ability to care for vulnerable and elderly people, said Peter Hong (洪樂文), who heads the National Science and Technology Council’s (NSTC) Department of Engineering and Technologies. Projections show that the proportion of Taiwanese 65 or older would
Nvidia Corp yesterday unveiled its new high-speed interconnect technology, NVLink Fusion, with Taiwanese application-specific IC (ASIC) designers Alchip Technologies Ltd (世芯) and MediaTek Inc (聯發科) among the first to adopt the technology to help build semi-custom artificial intelligence (AI) infrastructure for hyperscalers. Nvidia has opened its technology to outside users, as hyperscalers and cloud service providers are building their own cost-effective AI chips, or accelerators, used in AI servers by leveraging ASIC firms’ designing capabilities to reduce their dependence on Nvidia. Previously, NVLink technology was only available for Nvidia’s own AI platform. “NVLink Fusion opens Nvidia’s AI platform and rich ecosystem for
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it is building nine new advanced wafer manufacturing and packaging factories this year, accelerating its expansion amid strong demand for high-performance computing (HPC) and artificial intelligence (AI) applications. The chipmaker built on average five factories per year from 2021 to last year and three from 2017 to 2020, TSMC vice president of advanced technology and mask engineering T.S. Chang (張宗生) said at the company’s annual technology symposium in Hsinchu City. “We are quickening our pace even faster in 2025. We plan to build nine new factories, including eight wafer fabrication plants and one advanced
‘WORLD’S LOSS’: Taiwan’s exclusion robs the world of the benefits it could get from one of the foremost practitioners of disease prevention and public health, Minister Chiu said Taiwan should be allowed to join the World Health Assembly (WHA) as an irreplaceable contributor to global health and disease prevention efforts, Minister of Foreign Affairs Lin Chia-lung (林佳龍) said yesterday. He made the comment at a news conference in Taipei, hours before a Taiwanese delegation was to depart for Geneva, Switzerland, seeking to meet with foreign representatives for a bilateral meeting on the sidelines of the WHA, the WHO’s annual decisionmaking meeting, which would be held from Monday next week to May 27. As of yesterday, Taiwan had yet to receive an invitation. Taiwan has much to offer to the international community’s