The Democratic Progressive Party (DPP) said yesterday it will seek a NT$30 million (US$911,000) bank loan to address its financial deficit.
The party's Central Standing Committee passed a resolution on the matter yesterday.
DPP Chairman Yu Shyi-kun told reporters after the committee meeting yesterday that the party would also raise funds as its finances were in dire straits.
"The financial condition of the party is terrible. We will not be able to cover staffers' paychecks after September. We must take out a loan," he said. "Everyone knows that the DPP does not have party assets. A large part of the expenditures has to be covered by funds raised by party officials."
Yu said the party's revenues this year and last year had been NT$60 million less than in previous years. Part of the reason for this, his said, was his decision, after he became chairman in January last year, to abolish the fund-raising quota by each party official, saying the scheme "could easily be misunderstood as collusion between government officials and business circles."
Yu said raising funds for the party had become even more difficult following last year's anti-President Chen Shui-bian (
"The situation the DPP finds itself in shows that the DPP is a party with integrity," he added.
The party began experiencing financial difficulties toward the end of last year, Yu said.
Last December, the party began planning personnel cutbacks, abolishing 20 percent of the 168 existing positions within the party.
The party also began merging some of its departments and to reorganize its office while not extending a lease of one of the three office floors it occupies.
Palauan President Surangel Whipps Jr arrived in Taiwan last night to kick off his first visit to the country since beginning his second term earlier this year. After arriving at Taoyuan International Airport at around 6:30 pm, Whipps and his delegation were welcomed by Minister of Foreign Affairs Lin Chia-lung (林佳龍). Speaking to gathered media, the Palauan leader said he was excited and honored to be back in Taiwan on his first state visit to Taiwan since he was sworn in this January. Among those traveling with Whipps is Minister of State Gustav N. Aitaro, Public Infrastructure
President William Lai (賴清德) yesterday thanked Palau for its continued support of Taiwan's international participation, as Taipei was once again excluded from the World Health Assembly (WHA) currently taking place in Switzerland. "Palau has never stopped voicing support for Taiwan" in the UN General Assembly, the WHO and other UN-affiliated agencies, Lai said during a bilateral meeting with visiting Palau President Surangel Whipps Jr. "We have been profoundly touched by these endorsements," Lai said, praising the Pacific island nation's firm support as "courageous." Lai's remarks came as Taiwan was excluded for the ninth consecutive year from the WHA, which is being held in
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At least three people died and more than a dozen were injured yesterday afternoon when a vehicle struck a group of pedestrians in New Taipei City’s Sansia District (三峽). The incident happened at about 4pm when a car rammed into pedestrians at an intersection near Bei Da Elementary School. Witnesses said the sedan, being driven at a high speed, ran a red light, knocking scooters out of the way and hitting students crossing the road before careening into a median near the intersection of Guocheng and Guoguang streets. The incident resulted in three deaths and 13 injuries, including the driver, a 78-year-old man
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