Taiwan Tati Cultural and Educational Foundation

Cronyism crippling the young: groups

Taipei Times

A group of lawyers and civic groups yesterday said that if the “cronyism in the finance sector and judiciary” that began under the Chinese Nationalist Party (KMT) persists, young people — who are facing the concentration of capital, impoverishment and a low birth rate — risk becoming a “crumbled generation.”

Lawyer Fan Jen-yu (樊仁裕) said that the finance sector has hired people from the former administration to be their “door gods.”

Civic groups warn of impending financial crisis

Taipei Times

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.

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

Taipei Times

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.

Lawmaker pans FSC probe on Mega

Taipei Times

The government should not have let the Financial Supervisory Commission (FSC) lead an administrative investigation into Mega International Commercial Bank’s violation of US rules against money laundering, New Power Party Executive Chairman Huang Kuo-chang (黃國昌) said.

People have been mostly concerned with the suspected money-laundering activities, which have been put under judicial investigation, Huang said in a radio interview yesterday.

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