Lawmakers across partisan lines yesterday voiced support for central bank Deputy Governor Yang Chin-long (楊金龍) to succeed central bank Governor Perng Fai-nan (彭淮南) next month.
Democratic Progressive Party Legislator Wu Ping-jui (吳秉叡) was one of the lawmakers who praised the selection, which has reportedly been made by President Tsai Ing-wen (蔡英文), but has yet to be confirmed publicly.
Picking Yang means taking advantage of his experience at the central bank, where he has worked since 1989, Wu said, adding that his familiarity with the institution would allow Yang to get off to a running start and would be good for the institution’s morale.
Echoing Wu, Chinese Nationalist Party (KMT) Legislator Lai Shyh-bao (賴士葆) said that Yang, who has worked with Perng for a long time, can be expected to follow Perng’s approach of stabilizing interest rates and the foreign exchange market.
The choice of Yang is also welcome because it steers clear of politics, Lai said, adding that Yang is a good candidate and should be able to maintain the central bank’s independence.
Following speculation, including a report in yesterday’s Liberty Times (sister newspaper of the Taipei Times) saying Yang’s appointment had been finalized internally, a source familiar with the matter confirmed that Yang will be the next central bank governor.
Cabinet spokesman Hsu Kuo-yung (徐國勇) said that once the decision has been made, the information would be made public in accordance with standard procedure.
Regardless of who becomes the next governor, the president expects the person to work well under pressure and avoid political affiliations to maintain the stability of the country’s economy, Presidential Office spokesman Sidney Lin (林鶴明) said.
People First Party Legislator Lee Hung-chun (李鴻鈞) said he expected Yang to continue to use the appropriate monetary policy to support the nation’s economy, which is its main source of soft power, at a time when ties with China are worsening and Taiwan is faced with rising barriers in the global political arena.
While presidential advisor Chen Po-chih (陳博志) agreed with Yang’s selection, he urged him not to compare himself with Perng, but to follow his own path in leading the bank.
Otherwise, not earning an “A” grade as Perng did could throw Tang off following his monetary policy direction, Chen said.
NATIONAL SECURITY: Authorities are working to confirm the identities of the military personnel involved and investigating possible illegal conduct and regulatory violations Authorities are probing possible national security implications after Kinmen police and immigration officers on Sunday found a Chinese woman allegedly posing as a tourist while engaging in prostitution involving more than 10 military personnel. The woman, surnamed Chen (陳), has since been deported, authorities said, adding that investigators are still working to confirm the identities of those implicated, as the records only listed code names and aliases. The case stemmed from a report received by the Kinmen District Prosecutors’ Office on Friday last week from the Jinhu Precinct of the Kinmen County Police Bureau. On Sunday, police, along with the National Immigration
GLOBALGIVING: ‘ Caving to external pressure is not acceptable for an organization that has cultivated justice reform and human rights for 30 years,’ one NGO said A slew of non-government organizations (NGOs) have withdrawn from the GlobalGiving fundraising platform after it announced it would use “Chinese Taipei” instead of “Taiwan” from next month. The Taiwan Good Rice Association wrote on Facebook on Friday that it was informed on April 28 via a teleconference call of the change, which was made because the platform wanted to operate in China. Taiwan Good Rice is to terminate all cooperative relationships with GlobalGiving in response to the platform’s “unilateral and non-negotiable” decision to remove references to Taiwan, the NGO said. “Taiwan is in the official name of Taiwan Good Rice Association and the
STAY COOL: The HPA recommended that people stay hydrated, use air-conditioning or fans while indoors, wear loose-fitting clothes and walk in the shade while outdoors Employers must implement measures such as installing cooling equipment, and providing drinking water and rest breaks for outdoor workers starting from Monday next week, the Taipei Department of Labor said on Sunday. Employers who fail to comply could face fines of NT$30,000 to NT$300,000 under the Occupational Safety and Health Act (職業安全衛生法), the department said. Businesses in Taipei employing fewer than 100 workers, as well as registered self-employed workers with labor insurance coverage, could receive on-site assessments and guidance from occupational safety consultants to help them apply for central government subsidies to implement or improve heat-protection measures, it said. Under the Ministry of
Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) yesterday briefed her party’s Central Standing Committee regarding her scheduled visit to the US between Monday next week and June 16, saying that her purpose would be to persuade the US that the Republic of China (ROC) Constitution was a “one China” constitution that would foster stable and peaceful cross-strait relations. The ROC Constitution is the most important defense for all Taiwanese citizens, as it upholds our democracy and has contributed to our robust economy, which aligns with international and US interests, she said. “We would not be troublemakers and drag the US under,”
RSS