Word: formosae
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...local entrepreneurs, Taiwan's capital market is still pretty small. But there are several success stories. Y. C. Wang, 51, a Taiwan-born smalltime lumber dealer only a decade ago, now owns the Formosa Plastics Corp., which this year will do a $40 million business in such products as plastic sheeting and baby pants. T. S. Lin's Tatung Engineering Co. has a broad range of consumer goods: the Tatung brand is stamped on pressurized rice cookers, washing machines, fans, radios and, lately, television sets. Tjingling Yen and his wife Vivian, who holds a master's degree...
TIME has been tampered with by censors and other officials in many countries, but never to our knowledge has anyone stamped a rub-out X on the cover.* Last week we learned that in Taiwan authorities had ordered the Formosa Magazine Press, TIME's distributor, to stamp a three-inch blue cross upon the puffy features of Mao Tse-tung on the Jan. 13 cover. The distributor hand-stamped the thousand or more copies (exclusive of those for the U.S. military) that circulate in Taiwan. Earlier, the Taiwanese have occasionally stamped our pictures of Red Chinese figures with...
...Glee Club and members of the Radcliffe Choral Society will give a nine-week concert tour in Japan, Formosa, the Philippines, Thailand, India, Turkey, and Yugoslavia...
...Tsung-jen (with whom he was so closely associated that they were usually referred to collectively as "Li-Pai"), provided the Kuomintang with its best troops, fought effectively against war lords (1926), Japanese invaders (1937-45) and Reds until the mainland fell, at which point Pai joined Chiang on Formosa, Li went to the U.S.;* of a stroke; in Taipei...
Tuberculosis and pneumonia still kill the bulk of Filipinos; teachers are in surplus in Manila, in short supply in the countryside. With 70% of the population engaged in subsistence, peasant-style farming, the average annual income is a scant $140 a year?far less than that of Japan and Formosa. Population growth is among the world's highest: Catholic-dominated Filipinos add 1,000,000 mouths a year to the rice bowl (3.2%). Simultaneously, the economic-growth rate is a minimal 4.2% . The rice yield is scandalously low. Of the world's top 20 major rice-producing nations, the Philippines...