Taiwan People News is on Dec. 31 to cease daily operations after six years due to financial difficulties, founder Chen Yung-hsing (陳永興) said on Thursday on the news Web site, thanking readers for their support.
Taiwan People News does not have the financial backing of big conglomerates, enterprises or political parties, and has been supported by about 300 small shareholders from the medical, cultural, and small and medium-sized enterprise sectors, said Chen, who is also a political activist.
Shareholders decided to stop daily operations because of the costs of running a daily news Web site.
Over the past six years, Taiwan People News has spent NT$72 million (US$2.33 million), Chen said, adding that the decision was made with great reluctance, but it is time to say goodbye.
Chen said that he was appointed to settle the news outlet’s accounts, and any remaining funds would be donated to the Taiwan People Cultural Arts Foundation, which is expected to continue running the news Web site and publish occasional articles written by editorial writers from Taiwan People News.
Research conducted in October by Taiwan Media Watch, a non-governmental organization committed to maintaining press freedom and promoting media self-regulation, found that the Taiwan People News Facebook page was one of the most trustworthy and diverse among the 36 organizations publishing daily news in Taiwan.
Organized by Chen, Nobel Prize laureate Lee Yuan-tseh (李遠哲) and film director Wu Nien-jen (吳念真), Taiwan People News publishes news without charge and seeks to reflect public opinion in Taiwan, according to its Web site.
Considering that most countries issue more than five denominations of banknotes, the central bank has decided to redesign all five denominations, the bank said as it prepares for the first major overhaul of the banknotes in more than 24 years. Central bank Governor Yang Chin-lung (楊金龍) is expected to report to the Legislative Yuan today on the bank’s operations and the redesign’s progress. The bank in a report sent to the legislature ahead of today’s meeting said it had commissioned a survey on the public’s preferences. Survey results showed that NT$100 and NT$1,000 banknotes are the most commonly used, while NT$200 and NT$2,000
The Centers for Disease Control (CDC) yesterday reported the first case of a new COVID-19 subvariant — BA.3.2 — in a 10-year-old Singaporean girl who had a fever upon arrival in Taiwan and tested positive for the disease. The girl left Taiwan on March 20 and the case did not have a direct impact on the local community, it said. The WHO added the BA.3.2 strain to its list of Variants Under Monitoring in December last year, but this was the first imported case of the COVID-19 variant in Taiwan, CDC Deputy Director-General Lin Ming-cheng (林明誠) said. The girl arrived in Taiwan on
South Korea is planning to revise its controversial electronic arrival card, a step Taiwanese officials said prompted them to hold off on planned retaliatory measures, a South Korean media report said yesterday. A Yonhap News Agency report said that the South Korean Ministry of Foreign Affairs is planning to remove the “previous departure place” and “next destination” fields from its e-arrival card system. The plan, reached after interagency consultations, is under review and aims to simplify entry procedures and align the electronic form with the paper version, a South Korean ministry official said. The fields — which appeared only on the electronic form
The Ministry of Foreign Affairs (MOFA) is suspending retaliation measures against South Korea that were set to take effect tomorrow, after Seoul said it is updating its e-arrival system, MOFA said today. The measures were to be a new round of retaliation after Taiwan on March 1 changed South Korea's designation on government-issued alien resident certificates held by South Korean nationals to "South Korea” from the "Republic of Korea," the country’s official name. The move came after months of protests to Seoul over its listing of Taiwan as "China (Taiwan)" in dropdown menus on its new online immigration entry system. MOFA last week
RSS