The summer lull in the partisan fighting over various policy issues will soon come to an end as lawmakers started signing up for the new session yesterday.
The TSU, the tiny ally of the DPP, demanded that Minister of Finance Lee Yung-san (
Meanwhile, the KMT called on the Cabinet to voluntarily take back next year's budget, which it said is full of deceiving figures meant to hide the nation's financial troubles.
PHOTO: LIAO RAY-SHIAN, TAIPEI TIMES
Jumping on the bandwagon, the PFP vowed to give the administration a rough ride when the budgetary review begins later this month.
During a collective registration, legislators from the TSU said they oppose offshore banking unit (OBU) operations proposed by the finance ministry to help local investors conduct business in China.
"Oppose OBU! Down with Lee Yung-san," they chanted.
Earlier, the Ministry of Finance indicated it is mulling introducing the OBU mechanism in line with a consensus reached by last year's Economic Development Advisory Conference.
But TSU legislative leader Su Ying-kwei (
"Such a practice, if allowed, would encourage investors to migrate to China and leave their debts in Taiwan," Su said.
Fellow TSU Legislator Liao Pen-yan (
Chen Chien-ming (
Because an executive order would suffice to carry out the OBU plan, the fledgling party threatened to sap the ministry's power through legal revisions, if necessary.
In addition, the 12-member caucus said it would continue pushing for a referendum law that allows the people to have the final say on major policy disputes, political and economic.
The KMT, on the other hand, accused the DPP administration of manipulating the figures when preparing next year's budget and urged the Cabinet to withdraw the plan on its own accord.
According to KMT Legislator Wang Chun-yu (
KMT Legislator Cheng Feng-shih (
"The government must quit playing Santa Claus at the [expense of the] nation's financial health," he said.
Recently, the Cabinet said it would extend the senior-citizen stipend to retired workers with money earmarked for the national pension program.
The KMT, though supportive of expanding the NT$3,000-per-month allowance to more groups, frowns on the proposal to borrow money from the national pension fund.
The PFP said it would play the bad cop during the budgetary review in light of the low efficiency with which the government executed last year's budget. PFP legislative leader Shen Chih-hwei (沈智慧) cited official statistics that show various government agencies failed to carry out their spending programs for last year.
She noted that during the fiscal period, the reserve capital for the Ministry of Transportation and Communications was NT$38.5 billion.
The Ministry of Economic Affairs and the Council of Agriculture trailed in second and third with NT$9.6 billion and NT$5.5 billion, respectively, the lawmaker said.
The Central Weather Administration (CWA) today issued a "tsunami watch" alert after a magnitude 8.7 earthquake struck off the Kamchatka Peninsula in northeastern Russia earlier in the morning. The quake struck off the east coast of the Kamchatka Peninsula at 7:25am (Taiwan time) at a depth of about 19km, the CWA said, citing figures from the Pacific Tsunami Warning Center. The CWA's Seismological Center said preliminary assessments indicate that a tsunami could reach Taiwan's coastal areas by 1:18pm today. The CWA urged residents along the coast to stay alert and take necessary precautions as waves as high as 1m could hit the southeastern
The National Museum of Taiwan Literature is next month to hold an exhibition in Osaka, Japan, showcasing the rich and unique history of Taiwanese folklore and literature. The exhibition, which is to run from Aug. 10 to Aug. 20 at the city’s Central Public Hall, is part of the “We Taiwan” at Expo 2025 series, highlighting Taiwan’s cultural ties with the international community, National Museum of Taiwan Literature director Chen Ying-fang (陳瑩芳) said. Folklore and literature, among Taiwan’s richest cultural heritages, naturally deserve a central place in the global dialogue, Chen said. Taiwan’s folklore would be immediately apparent at the entrance of the
“China is preparing to invade Taiwan,” Deputy Minister of Foreign Affairs Francois Wu (吳志中) said in an exclusive interview with British media channel Sky News for a special report titled, “Is Taiwan ready for a Chinese invasion?” the Ministry of Foreign Affairs said today in a statement. The 25-minute-long special report by Helen Ann-Smith released yesterday saw Sky News travel to Penghu, Taoyuan and Taipei to discuss the possibility of a Chinese invasion and how Taiwan is preparing for an attack. The film observed emergency response drills, interviewed baseball fans at the Taipei Dome on their views of US President
Speeding and badly maintained roads were the main causes of a school bus accident on a rainy day in Taipei last year that severely injured two people and left 22 with minor injuries, the Taiwan Transportation and Safety Board said. On March 11 last year, a Kang Chiao International School bus overturned inside the Wenshan Tunnel (文山隧道) on the northbound lane of the Xinyi Expressway. The tour bus, owned by Long Lai Co, exceeded the speed limit after entering the tunnel, the board’s investigation found. Sensing that the rear of the vehicle was swaying, the driver attempted to use the service and exhaust