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Megacities face finance issues: experts

Monday, 27 December 2010 08:02 Taipei Times

Taipei City and the four special municipalities that came into being on Saturday could turn into a disaster for the central and local governments if underlying financial problems are not properly addressed, experts told a forum on the financial aspects of the five megacities yesterday.

Peng Pai-hsien (彭百顯), a professor of finance at Kainan University, told a panel organized by the Taiwan Brain Trust think tank in Taipei that the five special municipalities face an immediate shortfall of NT$718.5 billion (US$24.27 billion) — which would climb to NT$803.4 billion if potential debt were counted — while the central government was faring no better, with a potential debt of NT$21 trillion.

Chen not seeking amnesty

Saturday, 25 December 2010 09:34 Taipei Times

Former president Chen Shui-bian (陳水扁) yesterday said he welcomed the Chinese Nationalist Party (KMT) government to rule him out of any commutation it might grant next year to mark the Republic of China’s (ROC) 100th anniversary, his son, Chen Chih-chung (陳致中) said.

The former president began serving a 17-and-a-half-year sentence at Taipei Prison on Dec. 2 after being convicted of accepting bribes in connection with a land deal and a personnel appointment.

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228 Tâi-uân-sîn

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2015-12-26 Taiwanese Shrine Initation & Marytr-Spirit Enshrine Ceremony

2014-02-28 228 Tâi-uân-sîn(Taiwan gods) Thanksgiving Blessing Assembly and Trong R. Chai Tâi-uân-sîn Thanksgiving Praying Ceremony

2013-08-18 Holy Mountain Holiness Birthday and Tâi-uân-sîn Lin Mao-sheng Statue's Placement Ceremony

2013-02-28 228 Tâi-uân-sîn Thanksgiving Prayer Assembly - Realized the Determination of Founding Taiwan State with Democratic Power

228 Memorial and Bian Casters Gathering on Feb. 28th, 2010

Newsflash

Prison officials are preventing a magazine column written by former president Chen Shui-bian (陳水扁) from going to print, his son, Chen Chih-chung (陳致中), said yesterday.

Greater Kaohsiung Councilor Chen Chih-chung said after visiting his father in Taipei Prison yesterday that prison officials had requested the column be revised a second time, after Chen Shui-bian complied with an earlier request.

As a result, it is unlikely that the article, for which the former president is understood to have been paid close to NT$20,000, will make it into tomorrow’s edition of Next Magazine, he said.