英倫翻譯社/ Trsmaster

The Financial Supervisory Commission has announced that it’s considering easing rules on day trading to boost low turnover. But some investors think it will have little effect and will simply add more risk. 

After a rebound for two consecutive days, the Taiwan Stock Exchange appeared anemic, rising by just three-tenths of a percentage point. Turnover fell to NT$71.4 billion. This is despite the cabinet’s economic vitalization plan that could permit certain types of day trading.

Investor
The government seems to be doing its utmost with this policy, but it is having little effect. Turnover changed only slightly. Over the long term, I am not bullish. I think it will create more chaos in the market

By allowing certain day trades, investors may be able to make transactions with minimal capital or little cost. However, potential day trading losses can lead to the risk of default when it comes to account settlements, and could adversely affect market stability.

Lo Shu-lei

Before the Next Media sale took place in Macau, protesters converged outside the Executive Yuan building in Taipei. They worry the deal will give the pro-China businessman Tsai Eng-meng a monopoly over local media. 

Nearly a hundred student activists rallied to form a youth association that opposes media monopolies. Since last night the group has been protesting the proposed sale of Next Media’s Apple Daily, Next Magazine and Next TV to a syndicate that includes the Want Want China Times Group. The group is headed by the controversial businessman and media mogul Tsai Eng-meng.

Student Activist
After the acquisition of Next Media’s newspaper unit is complete, it will constitute a monopoly. One voice will ring out louder than all others, and China will be able to disrupt Taiwan’s media freedom.

The first round of protests ended at around 1 o’clock in the afternoon. Academics joined the chorus of people calling on the government to keep big business from monopolizing the media. Premier Sean Chen responded.

Sean Chen

Boracay is a popular place for Taiwanese tourists who are visiting the Philippines. But one couple is complaining about overcharging which took place at seafood restaurant where they paid NT$4,700 for a single lobster. 

Boracay is known for its beautiful beaches and bountiful seafood. Unfortunately, Mr. Ho and his girlfriend were unwittingly duped when they went to a local restaurant that had a sign advertising lobster for the equivalent of NT$128. When they finished their meal, they learned the price was actually NT$128 per 100 grams, meaning their 3.7 kg lobster ultimately cost NT$4,700. Worse yet, the couple didn’t have the cash on them to pay this exorbitant bill and they were soon taken to the local police station.

While many people may be shocked by this news, the reality of the situation is that the price of such lobster at markets in Taiwan may be even more expensive.

Fishmonger
It’s impossible. NT$128 is impossible. Even at a 70 percent discount it would be impossible to cost just NT$120.

Chen Yi-chuan of Taiwan’s Travel Quality Assurance Association reminded tourists to pay more attention when visiting the Boracay Fish Market. He warned that such vendors may deceptively label prices and said it’s important to know just how much you are spending before you commit to a meal.

Taiwan’s Ang Lee has received one of France’s highest cultural honors. Yesterday he was made an officer in the French National Order of Arts and Letters. During the ceremony, the culture minister praised Lee for communicating touching stories to different cultures around the world. 

The French minister of culture and communication, Aurelie Filipetti, inducted Ang Lee into France’s cultural honor role. She praised Lee for his contribution to globalization and his vision that every individual contains great potential. 

Lee said that as a young person, he was inspired by French film. And in “Life of Pi” he even added a role for revered French actor Gerard Depardieu.

Gerard Depardieu
French Actor 
The chef is not in the book, but it is indeed a very good adaptation.

Egyptian President Mohamed Morsi is standing by his decision to grant himself sweeping powers, despite protests from hundreds of thousands in the capital city of Cairo. Similar protests and unrest have spread throughout major cities as the power grab embroils Egypt’s political system. 

Demonstrators clashed with the police near Tahrir Square and the US embassy. The scene was filled with tear gas and protestors throwing stones and other debris, as many were injured and one fatality was attributed to tear gas.

Protestors filled Tahrir Square both day and night, despite the danger, even setting fire to nearby cars. They have been protesting every since Egyptian President Mohamed Morsi announced last week that the president would be immune to judicial review. This led the square to be inundated by tens of thousands of protestors who camped out and demanded he rescind his expanded powers. 

Protester
We reject any form of dictatorship. We want democracy.

Egypt's second largest city of Alexandria also saw similar violent protests with demonstrators ransacking the headquarters of Morsi’s political party, the Muslim Brotherhood. Files and office furniture were thrown from the balcony of this office as protestors vented their anger. The last thing the protestors want is another dictator after successfully toppling former President Hosni Mubarak.