Leaders of opposition legislative caucuses agreed yesterday to a special legislative session being held to review financial bills seen as key to the nation's financial reform.
The legislation, which has been proposed by the Cabinet, failed to pass before the closure of the legislative session last Wednesday.
But lawmakers representing the KMT, People First Party and New Party said yesterday that the session could only be held -- for constitutional reasons -- after President Chen Shui-bian (
PHOTO: GEORGE TSORNG, TAIPEI TIMES
"The bills to be considered in the provisional session have to be urgent and important ones," said Cheng Yung-chin (
Chen said yesterday he respects the decision of the legislature and would do his part to make the special session possible.
The dates of the provisional session are expected to be decided in negotiations between the ruling and opposition parties.
The bills targeted by the Cabinet include the enactment of the Financial Holding Company Law, the Statute for the Establishment and Management of the Financial Reconstruction Fund, the Securities and Finance Management Law and amendments to the Business Tax Law, the Insurance Law and laws regarding deposit insurance.
During a visit to Legislative Yuan speaker Wang Jin-pyng (王金平) on Thursday, Premier Chang Chun-hsiung (張俊雄) expressed his wish that lawmakers could pass the bills early by holding a special session, rather than waiting until the next session which is set to open on Sept. 18.
According to the Constitution, in addition to being held at the request of the president, a provisional session can also be held if initiated by lawmakers with the endorsement of at least a quarter of the legislative body.
Also on Thursday, Chen promised he would issue an official statement asking for a provisional legislature session, if the legislature considered this a more proper method to handle the matter.
Wang, who has always believed the session should be held at the request of the president, reiterated yesterday that the legislature must take a cautious attitude on the issue.
"Unless there are major national affairs to consider, the legislature will lack the legitimacy to hold a provisional session," Wang said.
Opposition lawmakers, meanwhile, said Chang should explain to the public the importance and urgency of the bills before the special session is held.
In addition, the Cabinet should put forth a complete list of its urgent bills that are to be considered in the upcoming provisional session, if there are other ones in addition to the six aforementioned bills, the lawmakers said.
DEFENSE: The first set of three NASAMS that were previously purchased is expected to be delivered by the end of this year and deployed near the capital, sources said Taiwan plans to procure 28 more sets of M-142 High Mobility Artillery Rocket Systems (HIMARS), as well as nine additional sets of National Advanced Surface-to-Air Missile Systems (NASAMS), military sources said yesterday. Taiwan had previously purchased 29 HIMARS launchers from the US and received the first 11 last year. Once the planned purchases are completed and delivered, Taiwan would have 57 sets of HIMARS. The army has also increased the number of MGM-140 Army Tactical Missile Systems (ATACMS) purchased from 64 to 84, the sources added. Each HIMARS launch pod can carry six Guided Multiple Launch Rocket Systems, capable of
Authorities have detained three former Taiwan Semiconductor Manufacturing Co (TMSC, 台積電) employees on suspicion of compromising classified technology used in making 2-nanometer chips, the Taiwan High Prosecutors’ Office said yesterday. Prosecutors are holding a former TSMC engineer surnamed Chen (陳) and two recently sacked TSMC engineers, including one person surnamed Wu (吳) in detention with restricted communication, following an investigation launched on July 25, a statement said. The announcement came a day after Nikkei Asia reported on the technology theft in an exclusive story, saying TSMC had fired two workers for contravening data rules on advanced chipmaking technology. Two-nanometer wafers are the most
TRAJECTORY: The severe tropical storm is predicted to be closest to Taiwan on Wednesday and Thursday, and would influence the nation to varying degrees, a forecaster said The Central Weather Administration (CWA) yesterday said it would likely issue a sea warning for Tropical Storm Podul tomorrow morning and a land warning that evening at the earliest. CWA forecaster Lin Ting-yi (林定宜) said the severe tropical storm is predicted to be closest to Taiwan on Wednesday and Thursday. As of 2pm yesterday, the storm was moving west at 21kph and packing sustained winds of 108kph and gusts of up to 136.8kph, the CWA said. Lin said that the tropical storm was about 1,710km east of Oluanpi (鵝鑾鼻), Taiwan’s southernmost tip, with two possible trajectories over the next one
Tropical Storm Podul strengthened into a typhoon at 8pm yesterday, the Central Weather Administration (CWA) said, with a sea warning to be issued late last night or early this morning. As of 8pm, the typhoon was 1,020km east of Oluanpi (鵝鑾鼻), Taiwan’s southernmost tip, moving west at 23kph. The storm carried maximum sustained winds of 119kph and gusts reaching 155kph, the CWA said. Based on the tropical storm’s trajectory, a land warning could be issued any time from midday today, it added. CWA forecaster Chang Chun-yao (張竣堯) said Podul is a fast-moving storm that is forecast to bring its heaviest rainfall and strongest
RSS