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Civic groups warn of impending financial crisis


Union of Taiwanese Teachers director Neil Peng, second left, yesterday speaks at a news conference in Taipei, urging the government to reform the pension system.
Photo: Chu Pei-hsiung, Taipei Times

A number of civic groups yesterday said that President Tsai Ing-wen (蔡英文) should be wary of an impending financial crisis facing the nation if the pension system does not undergo a systematic reform.

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Ill-gotten asset panel to ‘settle’ accounts: Koo

Committee of Illegal Party Asset Settlement Chairman Wellington Koo (顧立雄) yesterday said the organization would return the ill-gotten assets obtained by the Chinese Nationalist Party (KMT) during its authoritarian rule to their rightful owners.

During a plaque unveiling ceremony in Taipei, Premier Lin Chuan (林全) presented Koo with a seal and an appointment order, officially launching the committee.

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Newsflash

The government would closely monitor Chinese spouses who have been coordinating with the Chinese Communist Party (CCP) to engage in “united front” work against Taiwan, or have been receiving funding from the CCP to establish pro-unification organizations, National Security Bureau Director-General Tsai Ming-yen (蔡明彥) said yesterday.

“The bureau’s position is very clear. We respect Chinese spouses as long as they engage in legal activities in Taiwan, but we will closely monitor those who have been coordinating with the Chinese government on united front work against Taiwan, hosting cross-strait exchanges for political purposes and receiving sponsorships from Beijing to establish pro-unification groups,” Tsai told reporters before attending a meeting of the legislature’s Foreign Affairs and National Defense Committee.