The Chinese Nationalist Party (KMT) yesterday said it planned to continue its examination of Democratic Progressive Party (DPP) presidential candidate Tsai Ing-wen’s (蔡英文) alleged illegal involvement with Yu Chang Biologics Co (宇昌生技股份有限公司). KMT officials denied plans to stop looking into the case, although other party lawmakers expressed concern that such a course of action could backfire ahead of next month’s elections.
KMT Culture and Communication Committee Chairman Chuang Po-chun (莊伯仲) said efforts would continue to uncover the truth behind the alleged investment deal.
“Tsai has failed to clearly explain whether there was any conflict of interest ... The KMT will continue to examine the case,” he said.
Chuang dismissed DPP allegations that the KMT was engaged in a smear campaign. He also criticized Tsai for trying to distract attention from the issue by focusing her comments on Council for Economic Planning and Development Minister Christina Liu (劉憶如), who Tsai said has lied about forging documents.
The case hit the headlines on Monday when Liu and the KMT accused Tsai of wrongdoing in connection with the biotech start-up while she was vice premier in 2007.
Liu displayed a document that she said had been drafted on March 31, 2007, to back up her claim. However, it later transpired that the document had been drafted on Aug. 19, 2007, at which time Tsai had already left her position as vice premier. The DPP accused Liu of fabricating the dates in an attempt to damage Tsai’s reputation.
In an election campaign meeting on Thursday, several KMT officials and legislators suggested the party stop challenging Tsai after what they described as serious “mistakes” by Liu.
Chuang said that although a proposal to stop probing the case had been made at the meeting, the KMT had no immediate plans to do so.
Several polls conducted by different media outlets showed support for President Ma Ying-jeou (馬英九) slipped after the KMT attacked Tsai over the case.
Premier Wu Den-yih (吳敦義), the KMT’s vice presidential candidate, said yesterday that “it is not necessary to focus too strenuously on this case.”
“We have learned from media polls that support for Ma has increased by two percentage points. Although he did not lose points, he did not score much,” Wu said.
He said the party suffered a setback “because of [Liu’s] small mistake.”
“The [Yu Chang] case should stop here. Now that the documents [related to investments made by state funds in Yu Chang] have been declassified ... people can judge for themselves,” he said. “It’s not necessary to use it as a campaign issue.”
“[In the Yu Chang case,] people will believe what they want to believe. The KMT should focus on its political achievements rather than on a single issue,” he said.
Wu indicated that there was a consensus within the party to drop the Yu Chang case.
However, KMT Legislator Chiu Yi (邱毅) yesterday said: “I do not think it’s right to bury at sea what is right and what is wrong in the Yu Chang case just because of a mistake about the date.”
People can preregister to receive their NT$10,000 (US$325) cash distributed from the central government on Nov. 5 after President William Lai (賴清德) yesterday signed the Special Budget for Strengthening Economic, Social and National Security Resilience, the Executive Yuan told a news conference last night. The special budget, passed by the Legislative Yuan on Friday last week with a cash handout budget of NT$236 billion, was officially submitted to the Executive Yuan and the Presidential Office yesterday afternoon. People can register through the official Web site at https://10000.gov.tw to have the funds deposited into their bank accounts, withdraw the funds at automated teller
PEACE AND STABILITY: Maintaining the cross-strait ‘status quo’ has long been the government’s position, the Ministry of Foreign Affairs said Taiwan is committed to maintaining the cross-strait “status quo” and seeks no escalation of tensions, the Ministry of Foreign Affairs (MOFA) said yesterday, rebutting a Time magazine opinion piece that described President William Lai (賴清德) as a “reckless leader.” The article, titled “The US Must Beware of Taiwan’s Reckless Leader,” was written by Lyle Goldstein, director of the Asia Program at the Washington-based Defense Priorities think tank. Goldstein wrote that Taiwan is “the world’s most dangerous flashpoint” amid ongoing conflicts in the Middle East and Russia’s invasion of Ukraine. He said that the situation in the Taiwan Strait has become less stable
CONCESSION: A Shin Kong official said that the firm was ‘willing to contribute’ to the nation, as the move would enable Nvidia Crop to build its headquarters in Taiwan Shin Kong Life Insurance Co (新光人壽) yesterday said it would relinquish land-use rights, or known as surface rights, for two plots in Taipei’s Beitou District (北投), paving the way for Nvidia Corp to expand its office footprint in Taiwan. The insurer said it made the decision “in the interest of the nation’s greater good” and would not seek compensation from taxpayers for potential future losses, calling the move a gesture to resolve a months-long impasse among the insurer, the Taipei City Government and the US chip giant. “The decision was made on the condition that the Taipei City Government reimburses the related
FRESH LOOK: A committee would gather expert and public input on the themes and visual motifs that would appear on the notes, the central bank governor said The central bank has launched a comprehensive redesign of New Taiwan dollar banknotes to enhance anti-counterfeiting measures, improve accessibility and align the bills with global sustainability standards, Governor Yang Chin-long (楊金龍) told a meeting of the legislature’s Finance Committee yesterday. The overhaul would affect all five denominations — NT$100, NT$200, NT$500, NT$1,000 and NT$2,000 notes — but not coins, Yang said. It would be the first major update to the banknotes in 24 years, as the current series, introduced in 2001, has remained in circulation amid rapid advances in printing technology and security standards. “Updating the notes is essential to safeguard the integrity