Cabinet Spokesman Cheng Wen-tsang (鄭文燦) yesterday announced the details of a minor reshuffle.
As part of the reshuffle, Council for Economic Planning and Development (CEPD) Chairman Hu Sheng-cheng (胡勝正) will become the new chairman of the Financial Supervisory Commission (FSC) while Minister Without Portfolio Ho Mei-yueh (何美玥), who was previously minister of economic affairs, will double as the new CEPD chairwoman, Cheng added.
Jongher Yang (楊忠和), president of Taipei Physical Educational College, will succeed Chen Chuan-shou (陳全壽) as chairman of the National Council on Physical Fitness and Sports, the spokesman said.
Chen offered his resignation following last month's Asian Games in Doha because the performances of Taiwanese athletes did not live up to his expectations.
As the term of office for members of the Fair Trade Commission (FTC) is set to come to an end later this month, the Cabinet also announced nine new members.
Tang Jinn-chuan (湯金全), former deputy mayor of Kaohsiung, will replace Hwang Tzong-leh (黃宗樂) as the commission's new chairman while vice chairman Yu Chau-chiuan (余朝權) will remain in his position, Cheng said.
Cheng said that Hu had worked on financial reform for many years and the government had adopted many of the proposals and suggestions put forward by the CEPD.
"The non-performing loan ratio was reduced from above 12 percent in 1999 to 2.3 percent this year. We believe that his appointment [as FSC chairman] will be accepted in professional circles," Cheng said.
Asked whether Premier Su Tseng-chang (蘇貞昌) had cleared the appointment with the president, Cheng said that there was a "full discussion" between the premier and the president on the matter.
Former FSC chairman Shih Jun-ji (施俊吉) unexpectedly announced his resignation on Jan. 12 in the wake of the Rebar Group scandal.
Talking of Ho, Cheng said that she was a suitable successor to the CEPD chairman on account of her good understanding of the nation's economic situation.
"Ho started her career as a basic civil servant. She can communicate well with business and is good at all kinds of administrative coordination," Cheng added.
also see story:
Hu appointed chairman of FSC
The Ministry of the Interior (MOI) is to tighten rules for candidates running for public office, requiring them to declare that they do not hold a Chinese household registration or passport, and that they possess no other foreign citizenship. The requirement was set out in a draft amendment to the Enforcement Rules of the Public Officials Election and Recall Act (公職人員選舉罷免法 ) released by the ministry on Thursday. Under the proposal, candidates would need to make the declaration when submitting their registration forms, which would be published in the official election bulletin. The move follows the removal of several elected officials who were
FOUR DESIGNATED AREAS: Notices were issued for live-fire exercises in waters south and northwest of Penghu, northeast of Keelung and west of Kaohsiung, they said The military is planning three major annual exercises across the army, navy and air force this month, with the navy’s “Hai Chiang” (海強, “Sea Strong”) drills running from today through Friday, the Ministry of National Defense said yesterday. The Hai Chiang exercise, which is to take place in waters surrounding Taiwan, would feature P-3C Orion maritime patrol aircraft and S-70C anti-submarine helicopters, the ministry said, adding that the drills aim to bolster the nation’s offshore defensive capabilities. China has intensified military and psychological pressure against Taiwan, repeatedly sending warplanes and vessels into areas near the nation’s air defense identification zone and across
FORCED LABOR: A US court listed three Taiwanese and nine firms based in Taiwan in its indictment, with eight of the companies registered at the same address Nine companies registered in Taiwan, as well as three Taiwanese, on Tuesday were named by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) as Specially Designated Nationals (SDNs) as a result of a US federal court indictment. The indictment unsealed at the federal court in Brooklyn, New York, said that Chen Zhi (陳志), a dual Cambodian-British national, is being indicted for fraud conspiracy, money laundering and overseeing Prince Holding Group’s forced-labor scam camps in Cambodia. At its peak, the company allegedly made US$30 million per day, court documents showed. The US government has seized Chen’s noncustodial wallet, which contains
SENATE RECOMMENDATION: The National Defense Authorization Act encourages the US secretary of defense to invite Taiwan’s navy to participate in the exercises in Hawaii The US Senate on Thursday last week passed the National Defense Authorization Act (NDAA) for Fiscal Year 2026, which strongly encourages the US secretary of defense to invite Taiwan’s naval forces to participate in the Rim of the Pacific (RIMPAC) exercise, as well as allocating military aid of US$1 billion for Taiwan. The bill, which authorizes appropriations for the military activities of the US Department of Defense, military construction and other purposes, passed with 77 votes in support and 20 against. While the NDAA authorizes about US$925 billion of defense spending, the Central News Agency yesterday reported that an aide of US
RSS