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.
SPACE VETERAN: Kjell N. Lindgren, who helps lead NASA’s human spaceflight missions, has been on two expeditions on the ISS and has spent 311 days in space Taiwan-born US astronaut Kjell N. Lindgren is to visit Taiwan to promote technological partnerships through one of the programs organized by the US for its 250th national anniversary. Lindgren would be in Taiwan from Tuesday to Saturday next week as part of the US Bureau of Educational and Cultural Affairs’ US Speaker Program, organized to celebrate the 250th anniversary of the signing of the Declaration of Independence, the American Institute in Taiwan (AIT) said in a statement yesterday. Lindgren plans to engage with key leaders across the nation “to advance cutting-edge technological partnerships and inspire the next generation of scientists and engineers,”
The Chinese Nationalist Party (KMT) caucus yesterday said it opposes the introduction of migrant workers from India until a mechanism is in place to prevent workers from absconding. Minister of Labor Hung Sun-han (洪申翰) on Thursday told the Legislative Yuan that the first group of migrant workers from India could be introduced as early as this year, as part of a government program. The caucus’ opposition to the policy is based on the assessment that “the risk is too high,” KMT caucus secretary-general Lin Pei-hsiang (林沛祥) said. Taiwan has a serious and long-standing problem of migrant workers absconding from their contracts, indicating that
UNREASONABLE SURVEILLANCE: A camera targeted on an road by a neighbor captured a man’s habitual unsignaled turn into home, netting him dozens of tickets The Taichung High Administrative Court has canceled all 45 tickets given to a man for failing to use a turn signal while driving, as it considered long-term surveillance of his privacy more problematic than the traffic violations. The man, surnamed Tseng (曾), lives in Changhua County and was reported 45 times within a month for failing to signal while driving when he turned into the alley where his residence is. The reports were filed by his neighbor, who set up security cameras that constantly monitored not only the alley but also the door and yard of Tseng’s house. The surveillance occurred from July
TRADE-OFF: Beijing seeks to trade a bowl of tempura for a Chinese delicacy, an official said, while another said its promises were attempts to interfere in the polls The government must carefully consider the national security implications of building a bridge connecting Kinmen County and Xiamen, China, the Public Construction Commission (PCC) said yesterday. PCC Commissioner Derek Chen (陳金德), who is also a minister without portfolio, made the remarks in a meeting of the legislature’s Transportation Committee, after Democratic Progressive Party Legislator Hsu Fu-kuei (徐富癸) asked about China’s proposal of new infrastructure projects to further connect Kinmen and Lienchiang (Matsu) counties with Xiamen. China unveiled the bridge plan, along with nine other policies for Taiwan, on Sunday, the last day of Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun’s (鄭麗文) visit
RSS