Taiwan Tati Cultural and Educational Foundation

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.

President’s ‘honeymoon’ nearing end: foundation

Taipei Times

President Tsai Ing-wen’s (蔡英文) “honeymoon” period is ending, the Taiwan Public Opinion Foundation said yesterday, citing its latest poll, which found a drop of nearly 20 percentage points in Tsai’s approval rating since her inauguration on May 20.

The telephone-based survey showed that 52.3 percent of respondents expressed satisfaction with Tsai’s handling of national matters, a 17.6 percentage point decline from three months ago.

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