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DPP criticizes civil servant perk law

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.

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Referendum proposal likely to be rejected: TSU head

Taiwan Solidarity Union (TSU) Chairman Huang Kun-huei (黃昆輝) yesterday said the chances that a review committee that has already rejected proposals for a referendum on a controversial trade pact with China would treat a fourth and final bid on the matter any differently were very slim.

Speaking outside a hearing held to determine the legality of his latest proposal to turn the Economic Cooperation Framework Agreement (ECFA) over to a public vote, Huang said the committee would likely turn it down when it reviews it tomorrow, despite the fact that referendums are a “basic right.”

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Newsflash

Although former premier Tang Fei (唐飛) said on Aug. 17 that Taiwan’s indigenous Hsiung Feng III anti-ship missile would be like a mosquito’s bite on an elephant, a new report by a US think tank argues that Taiwan must have “some means of hitting back against Chinese military targets.”

“The ability to hit back at Chinese military targets may not have profound operational effects, but when an inferior force takes on a superior one, the ability to strike back has a nontrivial strategic and psychological impact on an attacker,” said the 38-page Asian Alliances in the 21st Century report, released on Tuesday by the Washington-based think tank Project 2049 Institute.