Six separate business groups met yesterday and decided to establish a temporary organization to monitor the effectiveness of the Economic Development Advisory Conference (經發會).
"The new organization aims to become a pressure group for the upcoming economic development conference," said Gary Wang (
Jeffrey Koo (
The business groups were the Chinese National Association of Industry and Commerce, the General Chamber of Commerce of the ROC, the Chinese National Federation of Industries (
The groups submitted 63 proposals to the advisory panel on July 16. Among them, 37 are proposals for the short term and 26 are long-term measures. Nevertheless, not all of the 63 measures were placed on the panel's agenda.
The pressure group decided to resubmit all of its proposal to the advisory panel, along with some new proposals.
Wang said lowering or dropping the securities transaction tax and changes to the weekly working-hours proposal were submitted.
Separately, Liu Tai-yin (
"Under the current global economic recession, almost every country's economy is facing negative growth. Taiwan is not doing badly by maintaining a 2.07 percent growth rate," Liu said.
"Taiwan has a high foreign exchange reserve and [almost] no foreign debt. With all the technology and capability, and a loose money market, the administration should borrow a lot of debt from the market by issuing government bonds and absorbing excessive capital in the market to be put into public investment," Liu said.
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