Good Morning World: CPC Corporation Delayed Reporting Carcinogen Over-Limit, Ministry of Health and Welfare Fines NT$160 Million, Highest Ever

Central News Agency reported that Minister of Health and Welfare Shieh Jhy-Wey stated that the investigation into CPC Corporation's oil products exceeding carcinogen limits revealed that Nanqiao discovered the carcinogen over-limit in its self-inspection on May 13th. However, CPC Corporation did not report to the competent authority until June 30th. According to the Food Safety and Sanitation Act, a fine of NT$165.2 million was imposed, setting the highest fine amount in the history of central government penalties. Shieh Jhy-Wey said that all "Tier 2 products," regardless of the proportion of use, must be removed from shelves by 24:00 on the 8th. The Food and Drug Administration added that CPC Corporation and three first-tier downstream businesses all delayed reporting to the health authorities, hindering timely processing. Over 43 metric tons have been recalled, and the list of 232 affected products includes convenience store foods such as rice balls. (Read the full report)

Typhoon Bavi is approaching, and Minister of Education Cheng Ying-Yao announced that the 115th academic year's college entrance examination, originally scheduled for the 11th to 12th, has been postponed. The current plans include postponing it to the 13th and 14th, or the 14th and 15th. The University Entrance Committee is expected to announce the specific dates at 9:00 AM on the 8th. The Central Weather Administration indicated that according to various international forecasts, Typhoon Bavi is most likely to pass northeast of Taiwan and then turn north. It is estimated that sea and land typhoon warnings will be issued consecutively on the 9th, and Bavi's eyewall will make contact with Taiwan's landmass around the evening of the 10th. The Maritime and Port Bureau announced that all eastern shipping routes will be suspended from the afternoon of the 8th to the 11th. Wuling, Cingjing, and Fushoushan Farms will implement precautionary closures from 12:00 PM on the 9th. (Read the full report)

President Lai Ching-te received a delegation led by U.S. Senator Tammy Duckworth at the Presidential Office on the afternoon of the 7th. He thanked Duckworth for proposing many pro-Taiwan bills over the years and for promoting the donation of vaccines to Taiwan during the pandemic, demonstrating the attention of the U.S. Congress and government to Taiwan. As the first U.S. senator to visit Taiwan after the Trump-Xi summit, Duckworth stated that her visit aims to convey an important message: U.S. support for Taiwan remains strong and bipartisan. (Read the full report)

A Hong Kong resident surnamed Liao, born in China, attacked the CEO of the Indo-Pacific Strategy Think Tank, Ming-fu Itayoda, in Taichung on the 6th. Police apprehended him at Taichung Airport in a timely manner. On the 7th, he was sent for prosecution and detained pending trial on charges including the Anti-Infiltration Act. The police stated that they will meticulously investigate all of the suspect's movements after entering the country, including reviewing surveillance footage and communication records to clarify his motives. Former Hong Kong district councilor Lee Man-ho revealed that Liao was previously sentenced to 4 years and 2 months in prison in 2016 for trafficking dangerous drugs in Hong Kong. Minister of the Interior Liu Shih-fang pointed out that relevant information and evidence will be submitted to national security units for reference. Ming-fu Itayoda expressed his gratitude for the concern from all parties on social media and emphasized that he will not be deterred by this and will continue to speak out for Taiwan's democracy and freedom. (Read the full report)

The Directorate-General of Budget, Accounting and Statistics announced on the 7th that the consumer price index (CPI) for June saw an annual increase of 2.6%, exceeding the inflation alert line of 2% for two consecutive months and reaching the highest record in 17 months. An official from the Directorate-General of Budget, Accounting and Statistics explained that June coincided with the Dragon Boat Festival, and in addition to the festive effect, high oil prices and unstable weather affecting vegetable and fruit prices were also significant factors. Central Bank Governor Yang Chin-long stated that the statistical results from the Directorate-General of Budget, Accounting and Statistics are roughly in line with the Central Bank's expectations and do not deviate significantly. The CPI for the full year is expected to remain below 2%. (Read the full report)

Asian stock markets are experiencing a significant downturn with continuous capital outflow. The Taiwan Stock Exchange closed down 1077.28 points on the 7th, marking the 8th largest single-day point drop in history, falling below the 10-day moving average of 46057 points and the monthly moving average of 45710 points. The New Taiwan Dollar also depreciated by 1.18角, hitting a new low in over 1 year and 2 months. The South Korean stock market also plummeted, with a maximum decline of 8%. The Korea Exchange was forced to activate the circuit breaker mechanism for the 6th time this year. The Nikkei 225 index in the Japanese stock market closed down more than 2% due to selling pressure on technology stocks triggered by Samsung's earnings report. The Shanghai Composite Index closed at 3990.24 points on the 7th, down 1.26%, marking the 4th time this year it has fallen below the 4000-point mark. Securities analysts stated that the sharp decline in Japanese and South Korean stock markets, along with the fall in U.S. Nasdaq futures, indicates lingering doubts in the market about the prospects for AI industry applications and demand. (Read the full report)

The Legislative Yuan passed an amendment to Article 80 of the Criminal Code on the 7th, stipulating that the period from the date of conviction for sexual assault crimes to the victim's 20th birthday will not be counted towards the statute of limitations for prosecution. The draft amendment to the Criminal Code proposed by the Executive Yuan and the Judicial Yuan pointed out that given the clandestine nature of sexual assault crimes, victims may not have the maturity to seek social resources or legal assistance at the time of the incident. When victims seek legal remedies, justice is often difficult to achieve due to the expiration of the statute of limitations. The Legislative Yuan meeting on the 7th passed the amendment without objection from the attending legislators. (Read the full report)

The Financial Supervisory Commission approved E.SUN Financial Holding Company's acquisition of 100% of Mega International Life Insurance Company through a share swap on the 7th, with the expected merger effective date of September 1st. The Financial Supervisory Commission stated that as of the first quarter of this year, Mega International Life Insurance had 2.452 million policyholders and 10.038 million active policies. E.SUN Financial Holding Company has pledged to ensure uninterrupted service for Mega International Life Insurance policyholders, retain all existing employees of Mega International Life Insurance, guarantee that their labor rights will remain unchanged for 3 years, and fulfill its capital increase commitments. (Read the full report)

Substitute player Merino scored the winning goal in stoppage time, helping Spain defeat Portugal 1-0 and advance to the quarterfinals, simultaneously ending Cristiano Ronaldo's World Cup career. As the captain of the Portuguese team in his sixth World Cup appearance, Ronaldo said with suppressed disappointment as he left the field, "This is football, this is a player's life." Spain's next match will be against Belgium, who defeated the United States 4-1. Before the match, U.S. forward Balogun's eligibility to play despite receiving a red card sparked controversy, with many U.S. fans interviewed expressing that while they support their national team, they do not feel the handling of the situation was fair. (Read the full report)

After becoming a free agent, Taiwanese-American player Fairchild has attracted interest from several Chinese Professional Baseball League teams, including the Wei Chuan Dragons and Uni-President 7-Eleven Lions. However, his agency confirmed on the 7th that Fairchild has signed with the Seattle Mariners of Major League Baseball, continuing his career in the U.S. professional league. Fairchild made 14 appearances in Major League Baseball this season, recording 3 hits in 19 at-bats, contributing 1 RBI, and batting .158. (Read the full report)

On the morning of July 9th, Republic of China Year 47 (1958), many students and citizens gathered in front of the Taiwan Highway Bureau station on Dagong Road, Kaohsiung City, to welcome Japanese Kendo master Norio Aoki, who was visiting Taiwan. He was there to retrieve a red oak sword that had been kept by his Taiwanese disciple, Huang Huan-bin, for 13 years. This sword is said to have been personally crafted by the Japanese swordsman Miyamoto Musashi. (Read the full report)

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