Indictment Brought In Ching Fu Scandal Four executives at the Ching Fu Shipbuilding Co., including chairman Chen Ching-nan, were indicted by the Kaohsiung District Prosecutor’s Office on February 12 on charges of fraud, breach of trust, and banking law violations. Prosecutors recommended a 30-year prison sentence for the chairman, commutable to a NT$1 billion (US$34…

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…