The episode revealed deep-seated problems in the defense-contracting process. In February, Kaohsiung prosecutors indicted four executives and one consultant of the Ching Fu Shipbuilding Co., charging them with fraud, breach of trust, and violation of banking laws. If convicted, the defendants could face prison sentences ranging from 20 to 30 years, although the prosecution has…

Proponents see big opportunities for Taiwan in this nascent space. Virtual currency fever swept the globe over the past year, peaking when Bitcoin’s value hit US$19,500 in December. Since that zenith, the preeminent cryptocurrency’s value has plummeted to just $10,000, illustrating its extreme volatility. Bitcoin is the best known cryptocurrency, but over a thousand have…

Banks remain cautious about embracing full-throated digitization. Customers of Taiwan’s domestic banks sometimes feel like they’re in a time warp. Basic savings accounts often are not automatically equipped with online banking – customers have to request that service. And in many cases, the standard means of tracking account activity is a passbook that must be…

Despite Taiwan’s success in treating hepatitis, the prevalence of liver illnesses continues to rise. Taiwan has made great strides treating liver disease, especially the inflammatory condition hepatitis, which is usually caused by viral infections but may also result from alcohol or drug abuse or autoimmune diseases. If left untreated, hepatitis may permanently damage the liver,…

An ongoing study suggests environmental factors in Taiwan are contributing to a rising number of cases in otherwise healthy non-smokers.  After four doctors at National Taiwan University Hospital (NTUH) had suddenly collapsed on the job during the previous two years – with one of them failing to recover – the hospital in the second half…