The financially troubled Central Daily News of the KMT will merge with the China Daily News, another party-run newspaper, in a bid to save costs, media reports said.
The five-page paper will be reduced to four pages, and its staff of 89 employees will be cut. The two papers will share an office at the Central Daily News. The latter's office to be sold or rented.
Chairman of the China Daily News Chan Tien-shing (
The decision ended the protracted struggle in the party on whether the KMT should continue to subsidize the 75-year-old newspaper that has become a financial burden on the party.
The party made the decision after a meeting attended by Shaw, KMT Secretary-General Lin Fong-cheng (
The party agreed to subsidize the paper with NT$5 million a month, despite a request for more.
Tsai opposed the request, saying the KMT should take action to prevent the paper from losing more money. He said last Saturday that it would be a waste of resources if the party continued subsidizing the paper.
The newspaper reportedly relies on a subsidy of NT$14 million per month from the party in order to stay in operation.
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
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