POLICY: Dismissing the KMT's fears that the DPP would profit from Taiwan Goal, Premier Chang Chun-hsiung said the company was just what the defense industry needed
By Flora Wang
Sweeping aside growing criticism from the Chinese Nationalist Party (KMT) over the establishment of arms company Taiwan Goal, Premier Chang Chun-hsiung (張俊雄) yesterday defended Cabinet policy by saying that the firm would not be disbanded.

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A plane crashed in the Venezuelan Andes just after takeoff and all 46 people on board were killed, authorities said yesterday.

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ENHANCED SECURITY: Serbian nationalists opposed to Kosovo's independence set fire to the US embassy in Belgrade on Thursday after a massive rally in the capital
Police yesterday stood guard outside the US and other Western embassies damaged in rioting overnight in the Serbian capital that killed at least one person.

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By Judy Lin
The central bank dumped an estimated US$492 million in New Taiwan dollars to curtail strong gains by the local currency yesterday, narrowing the gain from NT$0.191 to NT$0.026 in two minutes before the close, dealers said.

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Pakistan's two biggest opposition parties sought to thrash out their choice for prime minister yesterday after agreeing to form a coalition government that could drive Pakistani President Pervez Musharraf from power.

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