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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

“What is the Republic of China [ROC]?” was the question posed yesterday by former president Chen Shui-bian (陳水扁) in the latest of his jailhouse writings.

Chen referred to remarks by his predecessors as evidence that doubts on the legitimacy of the term ROC continue to linger. His comments come shortly after the concept of being “Taiwanese” was raised as an issue by the ongoing presidential campaigns.

“Former president Chiang Kai-shek (蔣介石) once said on March 13, 1950 ... that ‘our Republic of China was destroyed when we lost the mainland at the end of last year,’” Chen wrote in a statement published by his office.