On Monday, the TAIEX fell 244 points. It's not difficult to fathom that recent political instability has led to poor stock performance, but the decline in shares has also spawned conspiracy theories. The Democratic Progressive Party (DPP) believes the opposition parties' mobilization to recall the president and topple Premier Su Tseng-chang's (
Legislative Speaker Wang Jin-pyng (王金平) held cross-party talks on whether to hold an extraordinary legislative session to review some urgently needed bills. Legislators from ruling and opposition parties have agreed to the session, but are split over which bills should be given priority. DPP legislators hope to prioritize budget bills related to people's livelihoods and the economy, while opposition legislators want to prioritize legislation related to the presidential recall campaign and direct links. Given this deep political chasm, the session could simply provide another occasion for pointless political bickering.
The insider-trading case involving Chen's son-in-law Chao Chien-ming (趙建銘) has attracted huge political and media interest. Every development stirs more controversy. Whether Chao is implicated in the scandal or not, the case will have serious implications for the nation's political scene. Nevertheless, the seemingly endless coverage of it is surely abnormal.
The investigation into Chao's case is about to come to a close. The prosecutor will decide whether to present an indictment against Chao. But we cannot start discussing what legal and political responsibility Chen must bear until Chao is found guilty of the charges presented, or Chen and his family members are implicated. Prior to this, any attempt to force the resignation of the premier or recall the president is unwise and will likely plunge the nation into further turmoil.
While the People First Party (PFP) is planning to unseat Chen, the Chinese Nationalist Party (KMT) is taking aim at the Cabinet. Since recalling the president requires the approval of two-thirds of legislators, the KMT thinks it doesn't have the numbers. However, the pan-blues do possess enough legislative seats to force the resignation of the Cabinet. If Chen decided to dissolve the legislature in response, this would force an election, which under the Constitution, would be under the new "single-district, two-vote" system. That means half the legislators would be out of a job. While neither KMT nor PFP legislators desire this, the result would be worse for the PFP, which would likely dissolve completely, allowing the KMT to dislodge both of its political rivals in one go. But, unable to put its ideal plan into action, the KMT has settled on launching a petition to recall the president, so that it does not lose support to the PFP.
The scandals surrounding Chen's entourage and his family are extremely regrettable. It is imperative that law enforcement officials conduct a thorough investigation into all the allegations and find out who is responsible. The public should remain cool and not give politicians an opportunity to engage in further strife. While the recall proposal can be discussed at the special legislative session, issues involving people's livelihoods should top the agenda. Otherwise, contention over the recall is likely to overwhelm all other bills, rendering a special session pointless.
There is a modern roadway stretching from central Hargeisa, the capital of Somaliland in the Horn of Africa, to the partially recognized state’s Egal International Airport. Emblazoned on a gold plaque marking the road’s inauguration in July last year, just below the flags of Somaliland and the Republic of China (ROC), is the road’s official name: “Taiwan Avenue.” The first phase of construction of the upgraded road, with new sidewalks and a modern drainage system to reduce flooding, was 70 percent funded by Taipei, which contributed US$1.85 million. That is a relatively modest sum for the effect on international perception, and
When former president Tsai Ing-wen (蔡英文) first took office in 2016, she set ambitious goals for remaking the energy mix in Taiwan. At the core of this effort was a significant expansion of the percentage of renewable energy generated to keep pace with growing domestic and global demands to reduce emissions. This effort met with broad bipartisan support as all three major parties placed expanding renewable energy at the center of their energy platforms. However, over the past several years partisanship has become a major headwind in realizing a set of energy goals that all three parties profess to want. Tsai
An elderly mother and her daughter were found dead in Kaohsiung after having not been seen for several days, discovered only when a foul odor began to spread and drew neighbors’ attention. There have been many similar cases, but it is particularly troubling that some of the victims were excluded from the social welfare safety net because they did not meet eligibility criteria. According to media reports, the middle-aged daughter had sought help from the local borough warden. Although the warden did step in, many services were unavailable without out-of-pocket payments due to issues with eligibility, leaving the warden’s hands
At the end of last year, a diplomatic development with consequences reaching well beyond the regional level emerged. Israeli Prime Minister Benjamin Netanyahu declared Israel’s recognition of Somaliland as a sovereign state, paving the way for political, economic and strategic cooperation with the African nation. The diplomatic breakthrough yields, above all, substantial and tangible benefits for the two countries, enhancing Somaliland’s international posture, with a state prepared to champion its bid for broader legitimacy. With Israel’s support, Somaliland might also benefit from the expertise of Israeli companies in fields such as mineral exploration and water management, as underscored by Israeli Minister of
RSS