Formosa Plastics Corp.’s president Lin Chen-jung resigned on July 27 in the wake of a bribery scandal that caused another 24 executives at the firm to be fired and subject to criminal investigation. The allegations span seven years and involve kickbacks paid by suppliers. Formosa Plastics Corp. is the flagship company of the sprawling Formosa…

Despite resistance from China in the field of display technology, Taiwan has agreed to take part in the new ITA-2 free trade pact. Taiwan’s Bureau of Foreign Trade (BOFT) announced from Geneva, Switzerland, that it has ended its resistance to finalizing a deal for the updated Information Technology Agreement (ITA) global trade pact, known as…

According to local media reports, the Executive Yuan has proposed amendments to the national Electricity Act that would divide the state-owned Taiwan Power Co., generally known as Taipower, into two separate firms – one a power generator, the other a power distribution network. The amendments would further deregulate the power industry to provide more room…

Senior high-school students opposed to the allegedly “China-centric” new curriculum guidelines developed by the Ministry of Education (MOE), as well as the non-transparent way that the guidelines were established, have staged a series of rallies and protests. On July 23, a late night attempt by protestors to storm the MOE headquarters was met with resistance…