Chinese Nationalist Party (KMT) Chairman Wu Poh-hsiung (吳伯雄) yesterday said all KMT assets had been acquired legally, but added that the party must divest itself of them “within a short period of time.”
Speaking at the party’s Central Evaluation Committee meeting, Wu said that no KMT assets had been obtained illegally because if the KMT had any illegal assets, the former Democratic Progressive Party (DPP) administration would have confiscated them.
“However, our party assets are very limited,” he said.
All of the party’s assets are under the management of the Central Investment Co, in which the KMT is a shareholder, he said. If the company does not make money, the party does not benefit, he said.
Wu said that this year the party had spent only one-third of what it used to spend on the legislative elections and one-fifth on the presidential poll.
“How much money we spend is not important,” he said. “What is more important is whether we are united and determined.”
While the party had a net value of NT$20 billion (US$625 million) last year, Wu said that figure had dwindled to NT$10 billion. If the party rid itself of all its assets, Wu said, the money would go to party employee pensions, severance payments and utility bills. If there were any money left, it would be donated to civic agencies and disadvantaged groups, he said.
While the party used to have more than 4,700 full-time employees, Wu said the number had been cut to 900.
Acknowledging criticism of the government from both the public and the party, Wu said winning the legislative and presidential elections had caused him more anxiety than relief in light of the global financial crisis and natural disasters that have struck Taiwan since President Ma Ying-jeou (馬英九) took office in May.
“Since we elect the best candidate to lead the country, the party has no choice but to give him full backing,” Wu said.
“We don’t have a second choice. We must also support the government so it will perform impressively,” he said.
Regarding the relationship between the party and the government, he said that it had improved.
The Executive Yuan yesterday approved a southwestern extension of the Sanying MRT Line from New Taipei to Bade District (八德) in Taoyuan, with a goal of starting construction by late 2026. The 4.03-kilometer extension, featuring three new stations, will run from the current terminus at Yingtao Fude Station (LB12) in New Taipei City to Dannan Station (LB14), where it will connect with Taoyuan’s Green Line, New Taipei City Metro Corp said in a statement. This extension will follow the completion of core Sanying Line, a 14.29-kilometer medium-capacity system linking Tucheng (土城), Sansia (三峽)
CARGO LOSS: About 50 containers at the stern of the ‘Ever Lunar’ cargo ship went overboard, prompting the temporary closure of the port and disrupting operations Evergreen Marine Corp, Taiwan’s largest container shipper, yesterday said that all crew members aboard the Ever Lunar (長月) were safe after dozens of containers fell overboard off the coast of Peru the previous day. The incident occurred at 9:40am on Friday as the Ever Lunar was anchored and waiting to enter the Port of Callao when it suddenly experienced severe rolling, Evergreen said in a statement. The rolling, which caused the containers to fall, might have been caused by factors including a tsunami triggered by an earthquake in Russia, poor winter sea conditions in South America or a sudden influx of waves,
The Ministry of Culture yesterday officially launched the “We TAIWAN” cultural program on Osaka’s Nakanoshima sandbank, with the program’s mascot receiving overwhelming popularity. The cultural program, which runs from Aug. 2 to 20, was designed to partner with and capitalize on the 2025 World Expo that is being held in Osaka, Japan, from April 13 to Oct. 13, the ministry said. On the first day of the cultural program, its mascot, a green creature named “a-We,” proved to be extremely popular, as its merch was immediately in high demand. Long lines formed yesterday for the opening
The Taipei Summer Festival is to begin tomorrow at Dadaocheng Wharf (大稻埕), featuring four themed firework shows and five live music performances throughout the month, the Taipei Department of Information and Tourism said today. The festival in the city’s Datong District (大同) is to run until Aug. 30, holding firework displays on Wednesdays and the final Saturday of the event. The first show is scheduled for tomorrow, followed by Aug. 13, 20 and 30. To celebrate the 30th anniversary of Disney Pixar's movie Toy Story, the festival has partnered with Walt Disney Co (Taiwan) to host a special themed area on