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US has decided on new arms sale to Taiwan: media

US-based media reported on Thursday that the US government had privately decided to sell a new arms package to Taiwan, but was keeping it under wraps until after an official delegation by Chinese President Hu Jintao (胡錦濤) visits next week.

Quoting unnamed senior US government officials, the Washington Times said the package would include new upgrades for Taiwan’s aging arsenal of US-made F-16A/Bs and it is expected to trigger fresh outrage from Beijing.

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Groups planning independence march

In the face of the administration’s elaborate plans to celebrate the Republic of China’s (ROC) centennial, a pro-independence group yesterday said it was teaming up with the Democratic Progressive Party (DPP) to hold a march on Sept. 8 to reaffirm Taiwan’s sovereignty.

Former Examination Yuan president Yao Chia-wen (姚嘉文), who heads the Taiwan Nation Alliance, said at least three major events would be held this year.

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Newsflash

Retired junior public servants will soon see a nice boost in their savings, as a law increasing the amount of money they can deposit into an 18 percent preferential interest rate account comes into effect this year.

The move, passed by the legislature last year, was criticized by Democratic Progressive Party (DPP) lawmakers yesterday as unfair and unnecessary as interest rates in public banks continue to hover below 2 percent, despite a 0.125 interest rate hike announced last week by the central bank.