Debt remains at NT$5.4tn
Taiwan’s national debt was NT$230,000 (US$7,755) per person as of the end of last month, staying unchanged from a month earlier, the Ministry of Finance said yesterday. National debt amounted to NT$5.377 trillion as of the end of last month, the ministry’s data showed. Government bonds — the central government’s outstanding debt with a maturity of more than a year — totaled NT$5.1223 trillion, while treasury bills — the central government’s outstanding debt with a maturity of less than a year — stood at NT$254.8 billion. Under the Public Debt Act (公共債務法), the central government’s long-term debt is allowed to total 40.6 percent of the average GDP for the past three years, or NT$5.702 trillion.
YouTube hosts talent contest
Google’s video-sharing Web site YouTube is offering a launchpad to aspiring singers by hosting a talent contest online to scout future Mandopop stars. People aged 21 or over are encouraged to upload videos to YouTube of themselves performing one of four designated songs by Sept. 17, Google Taiwan announced on Sunday. Participants must choose from: Change Me by Taiwan-based US singer Wang Lee-hom (王力宏); Sky So High by Taiwan’s Shin Band; Big Big Hug by local singer A-lin (real name Huang Li-ling, 黃麗玲); and Whitney Houston’s One Moment in Time. The winner will get the opportunity to record with Sony Music, Google said.