Former president Lee Teng-hui (
Lee also said that he never suggested a Cabinet reshuffle in the wake of the government's about-turn on reform of the farmers' and fishermen's credit institutions.
He stressed that his advice for the government was offered with the best interests of the nation at heart and called on the nation's leaders to work harder to develop their political judgment.
PHOTO: FANG PIN-CHAO, TAIPEI TIMES
While tens of thousands of farmers took to the streets of Taipei to voice their grievances against the government, the former president chose to visit Maokung (
Lee made the comments in an effort to calm the ongoing political storm following the unexpected decision on the policy turnabout of grassroots financial reform.
Three months after the finance ministry introduced a three-tiered risk-control mechanism on the 304 credit units of the farmers and fishermen's associations with outstanding non-performing loans, the Cabinet announced last Sunday evening that it would indefinitely suspend the initiative because the reform efforts had provoked enormous opposition from farmers and fishermen.
Premier Yu Shyi-kun and three Cabinet members -- Vice Premier Lin Hsin-yi (
Lee seized the chance to counter media reports, which stated that he hindered the Cabinet's reform and indirectly triggered the political commotion.
Speculation was rampant that the close relationship between Chen and Lee turned sour after the uproar, after Lee had lambasted the DPP administration in a weekly magazine last week.
Lee reportedly said that government officials were inexperienced and only knew how to campaign, but know nothing about ruling the nation. Denying the interview, Lee said "as a civilian, I have only respect for the president."
"I sought to tell the president that politicians have to be cautious and get to the point. [Leaders] ought to thoroughly research an issue before they attempt to provide an efficient remedy. Only by doing so will people have faith in the government," he said.
Lee acknowledged that sometimes he speaks aggressively to spice up his conversation, but he meant no harm to the government while proffering his advice.
When he offered his suggestions to the DPP concerning financial reform, he said he did not wish to give the ruling party a difficult time. "What I said was for the country's agricultural and economic development," he said.
Considering that most countries issue more than five denominations of banknotes, the central bank has decided to redesign all five denominations, the bank said as it prepares for the first major overhaul of the banknotes in more than 24 years. Central bank Governor Yang Chin-lung (楊金龍) is expected to report to the Legislative Yuan today on the bank’s operations and the redesign’s progress. The bank in a report sent to the legislature ahead of today’s meeting said it had commissioned a survey on the public’s preferences. Survey results showed that NT$100 and NT$1,000 banknotes are the most commonly used, while NT$200 and NT$2,000
The Centers for Disease Control (CDC) yesterday reported the first case of a new COVID-19 subvariant — BA.3.2 — in a 10-year-old Singaporean girl who had a fever upon arrival in Taiwan and tested positive for the disease. The girl left Taiwan on March 20 and the case did not have a direct impact on the local community, it said. The WHO added the BA.3.2 strain to its list of Variants Under Monitoring in December last year, but this was the first imported case of the COVID-19 variant in Taiwan, CDC Deputy Director-General Lin Ming-cheng (林明誠) said. The girl arrived in Taiwan on
South Korea is planning to revise its controversial electronic arrival card, a step Taiwanese officials said prompted them to hold off on planned retaliatory measures, a South Korean media report said yesterday. A Yonhap News Agency report said that the South Korean Ministry of Foreign Affairs is planning to remove the “previous departure place” and “next destination” fields from its e-arrival card system. The plan, reached after interagency consultations, is under review and aims to simplify entry procedures and align the electronic form with the paper version, a South Korean ministry official said. The fields — which appeared only on the electronic form
The Ministry of Foreign Affairs (MOFA) is suspending retaliation measures against South Korea that were set to take effect tomorrow, after Seoul said it is updating its e-arrival system, MOFA said today. The measures were to be a new round of retaliation after Taiwan on March 1 changed South Korea's designation on government-issued alien resident certificates held by South Korean nationals to "South Korea” from the "Republic of Korea," the country’s official name. The move came after months of protests to Seoul over its listing of Taiwan as "China (Taiwan)" in dropdown menus on its new online immigration entry system. MOFA last week