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Anti-ECFA groups join in campaign

Pro-independence organizations vowed yesterday to launch a long-term campaign against the government’s plan to sign a trade agreement with China and promised to take part in an anti-ECFA rally on June 26.

Officials and representatives from at least eight groups held a joint press conference in Taipei, chanting that they were against “secret negotiations between the Chinese Nationalist Party (KMT) and China that sell out a democratic Taiwan.”

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Chen’s son withdraws from DPP

Former president Chen Shui-bian’s (陳水扁) son yesterday withdrew from the Democratic Progressive Party (DPP) and announced he would run for Greater Kaohsiung city councilor as an independent.

Chen Chih-chung (陳致中) declared his intention to run in the year-end elections earlier in the week. His formal announcement yesterday came in the wake of the Taiwan High Court’s ruling on Friday rejecting Chen Shui-bian’s appeal of his conviction on corruption, forgery and money laundering charges. However, sentences and fines were reduced in the second trial for Chen Shui-bian, his wife Wu Shu-jen (吳淑珍) and six other defendants including Chen Chih-chung.

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Newsflash

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.