President Chen Shui-bian (
Chen asked that Su "take good care" of the problem and mete out punishment if necessary.
He also asked Yu to discuss the possibility of revamping exiting laws within the DPP caucus to make it mandatory to publish information on financial institutions with extravagant bad loans.
"I am totally baffled by the regulation. Why cannot the identity of the individuals who maliciously pilage financial institutions be made public? Why must it be the government and the public who are left to deal with the problems, while those who are responsible get away with it?" he asked.
Chen made the remarks during a press conference held in Managua, Nicaragua. He was visiting the nation's ally in Central America to attend the inauguration of Nicaraguan president-elect Daniel Ortega yesterday.
Yu is part of Chen's delegation in Nicaragua.
Two subsidiaries of the Rebar Asia Pacific Group (
The bank was taken over by the government through the Central Deposit Insurance Corp last Friday, causing a public uproar over alleged misuse of taxpayer's money.
Rebar Group chairman Wang You-theng (
Chen then commented on the fairness and utility of using taxpayer money to deal with the situation.
"The government must listen to the grievances of the people and bow humbly before them," he said.
On a separate issue, replying to a question about the constitutionality of prosecutors questioning the president, Chen said that it was open for debate and that the problem lies with the system rather than the person.
Chen caused a stir by relinquishing his presidential prerogative and accepting to be questioned by prosecutors investigating the alleged misuse of his "state affairs fund."
The DPP caucus has requested that the Council of Grand Justices determine whether prosecutors violated Article 52 of the Constitution, which grants immunity to the president except in case of sedition or treason.
While the Taipei District Court again requested that the Presidential Office present by today documents relating to the fund -- part of which Chen claims to have used for matters of secret diplomacy -- Chen said he would let the Presidential Office deal with the matter.
The office has refused to comply with the court's first request last month.
Foreign travelers entering Taiwan on a short layover via Taiwan Taoyuan International Airport are receiving NT$600 gift vouchers from yesterday, the Tourism Administration said, adding that it hopes the incentive would boost tourism consumption at the airport. The program, which allows travelers holding non-Taiwan passports who enter the country during a layover of up to 24 hours to claim a voucher, aims to promote attractions at the airport, the agency said in a statement on Friday. To participate, travelers must sign up on the campaign Web site, the agency said. They can then present their passport and boarding pass for their connecting international
Temperatures in northern Taiwan are forecast to reach as high as 30°C today, as an ongoing northeasterly seasonal wind system weakens, the Central Weather Administration (CWA) said. CWA forecaster Tseng Chao-cheng (曾昭誠) said yesterday that with the seasonal wind system weakening, warmer easterly winds would boost the temperature today. Daytime temperatures in northern Taiwan and Yilan County are expected to range from 28°C to 30°C today, up about 3°C from yesterday, Tseng said. According to the CWA, temperature highs in central and southern Taiwan could stay stable. However, the weather is expected to turn cooler starting tonight as the northeasterly wind system strengthens again
COOLING OFF: Temperatures are expected to fall to lows of about 20°C on Sunday and possibly 18°C to 19°C next week, following a wave of northeasterly winds on Friday The Central Weather Administration (CWA) on Sunday forecast more rain and cooler temperatures for northern Taiwan this week, with the mercury dropping to lows of 18°C, as another wave of northeasterly winds sweeps across the country. The current northeasterly winds would continue to affect Taiwan through today, with precipitation peaking today, bringing increased rainfall to windward areas, CWA forecaster Liu Pei-teng (劉沛滕) said. The weather system would weaken slightly tomorrow before another, stronger wave arrives on Friday, lasting into next week, Liu said. From yesterday to today, northern Taiwan can expect cool, wet weather, with lows of 22°C to 23°C in most areas,
Taiwan sweltered through its hottest October on record, the Central Weather Administration (CWA) said yesterday, the latest in a string of global temperature records. The main island endured its highest average temperature since 1950, CWA forecaster Liu Pei-teng said. Temperatures the world over have soared in recent years as human-induced climate change contributes to ever more erratic weather patterns. Taiwan’s average temperature was 27.381°C as of Thursday, Liu said. Liu said the average could slip 0.1°C by the end of yesterday, but it would still be higher than the previous record of 27.009°C in 2016. "The temperature only started lowering around Oct. 18 or 19
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