Banks face loan problems as Taipei holds back on aid

Article Abstract:

Taiwan's financial system is preparing for more bad loans following the refusal of the government to take over the mortgage loans of collapsed buildings in the wake of the Sept 1999 earthquake. The estimated losses from uncollected mortgages at collapsed buildings vary from $314.5 million to $1.57 billion. Because of the decision, the current overdue-loan ratio of the banking industry is expected to increase by half a percentage point. The specter of setting a precedent for future natural disasters may have prompted the government from extending such form of assistance to the banks.

Banking Institutions, Depository Credit Intermediation, Liabilities NEC, Banking industry, Laws, regulations and rules, Banks (Finance), Economic policy, Earthquakes, Mortgages

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Island electioneering: Taipei maverick makes inroads

Article Abstract:

People First Party leader James Soong is preparing for Taiwan's next presidential election in 2004 by campaigning for candidates in the upcoming local and parliamentary elections. An alliance with the ousted Kuomintang is helping him gain further popularity as the current premier Chen Shui-bian is being blamed for the island's economic problems.

Column

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We can't be soft on 'Taiwain issue'

Article Abstract:

James Soong, leader of Taiwan's People First Party, discusses the issues of the United States' foreign policy, the upcoming transfer of power in China's leadership and Taiwan's own year-end parliamentary elections.

International politics, Interview

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