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Public confidence in Tsai rises as Ma drops

Public confidence in Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) and her party reached new highs this month while President Ma Ying-jeou’s (馬英九) trust level continued to drop, the latest poll released by the Chinese-language Global Views Monthly magazine showed.

The poll, conducted by the Global Views Survey Research Center, put Tsai’s confidence index at 52.3 points on a scale of 0 to 100. The figure represented an increase of 1.1 points from last month and was the highest since May.

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Megacities face finance issues: experts

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.

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Newsflash


A protester scuffles with police officers yesterday as China’s Association for Relations Across the Taiwan Straits Chairman Chen Deming arrives at the Cross-Strait CEO Summit in Taipei’s Xinyi District.
Photo: Reuters

After a week-long trip around Taiwan dogged by persistent protests, China’s Association for Relations Across the Taiwan Straits (ARATS) Chairman Chen Deming (陳德銘) returned to Taipei yesterday to attend the annual Cross-Strait CEO Summit — only to be greeted by more demonstrations.

Although the summit purports to facilitate business relationships across the Taiwan Strait, critics say the meeting in effect allows the Chinese Nationalist Party (KMT) and Chinese Communist Party (CCP) to formulate decisions on cross-strait trade policies while circumventing legislative and administrative procedures.