It has been less than six months since Taipei Mayor Ma Ying-jeou (
On Tuesday Ma announced that the KMT is in "extremely dire financial straits" and could not pay its employees their year-end bonuses.
The party backtracked late on Tuesday night and announced that it would pay bonuses amounting to half-a-month's salary -- thanks to a front page story in the Liberty Times (the Taipei Times' sister newspaper) -- sometime next month. While KMT union director Liu Chien-sung (
That is the first question that Ma should be made to answer. The second question is if Ma, who prides himself on being a party reformer, can't resolve the KMT financial puzzle, then why should anyone believe that he is either willing or able to clean up the party's stained reputation by eradicating its "black gold" problem?
Maybe the party really does have financial difficulties. KMT spokeswoman Cheng Li-wen (
Yet it is business as usual for the party's top brass. Despite forcing early retirement on many people, and delaying the miserly bonus it grudgingly agreed to pay, the KMT headquarters had the gall to ask its staffers to entertain the top-ranking party officials at last night's year-end party.
This meshes with the continued deafness of both Ma and the party to calls to return those stolen assets that once belonged to the government -- either transferred to the party at no cost by the KMT government when the Republic of China took over Taiwan at the end of World War II, or purchased later by the KMT with money provided by the government.
Who else is too blind to see the motive behind the pan-blue camp's long-running boycott of a proposed statute on the disposal of assets improperly obtained by political parties?
"Nothing so conclusively proves a man's ability to lead others as what he does from day to day to lead himself," IBM founder Thomas Watson once said.
If ambiguity and mendacity are the way Ma conducts himself with regard to the KMT's financial affairs, and insensitivity and callousness inform his treatment of party staffers, perhaps pan-blue supporters should reconsider their belief that Ma is the man who will lead a return to the promised land -- the Presidential Office -- in 2008.
The conflict in the Middle East has been disrupting financial markets, raising concerns about rising inflationary pressures and global economic growth. One market that some investors are particularly worried about has not been heavily covered in the news: the private credit market. Even before the joint US-Israeli attacks on Iran on Feb. 28, global capital markets had faced growing structural pressure — the deteriorating funding conditions in the private credit market. The private credit market is where companies borrow funds directly from nonbank financial institutions such as asset management companies, insurance companies and private lending platforms. Its popularity has risen since
The Donald Trump administration’s approach to China broadly, and to cross-Strait relations in particular, remains a conundrum. The 2025 US National Security Strategy prioritized the defense of Taiwan in a way that surprised some observers of the Trump administration: “Deterring a conflict over Taiwan, ideally by preserving military overmatch, is a priority.” Two months later, Taiwan went entirely unmentioned in the US National Defense Strategy, as did military overmatch vis-a-vis China, giving renewed cause for concern. How to interpret these varying statements remains an open question. In both documents, the Indo-Pacific is listed as a second priority behind homeland defense and
In an op-ed published in Foreign Affairs on Tuesday, Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) said that Taiwan should not have to choose between aligning with Beijing or Washington, and advocated for cooperation with Beijing under the so-called “1992 consensus” as a form of “strategic ambiguity.” However, Cheng has either misunderstood the geopolitical reality and chosen appeasement, or is trying to fool an international audience with her doublespeak; nonetheless, it risks sending the wrong message to Taiwan’s democratic allies and partners. Cheng stressed that “Taiwan does not have to choose,” as while Beijing and Washington compete, Taiwan is strongest when
US Secretary of the Treasury Scott Bessent and Chinese Vice Premier He Lifeng (何立峰) are expected to meet this month in Paris to prepare for a meeting between US President Donald Trump and Chinese President Xi Jinping (習近平). According to media reports, the two sides would discuss issues such as the potential purchase of Boeing aircraft by China, increasing imports of US soybeans and the latest impacts of Trump’s reciprocal tariffs. However, recent US military action against Iran has added uncertainty to the Trump-Xi summit. Chinese Minister of Foreign Affairs Wang Yi (王毅) called the joint US-Israeli airstrikes and the