Cabinet Spokesman Cheng Wen-tsang (鄭文燦) yesterday announced the details of a minor reshuffle.
As part of the reshuffle, Council for Economic Planning and Development (CEPD) Chairman Hu Sheng-cheng (胡勝正) will become the new chairman of the Financial Supervisory Commission (FSC) while Minister Without Portfolio Ho Mei-yueh (何美玥), who was previously minister of economic affairs, will double as the new CEPD chairwoman, Cheng added.
Jongher Yang (楊忠和), president of Taipei Physical Educational College, will succeed Chen Chuan-shou (陳全壽) as chairman of the National Council on Physical Fitness and Sports, the spokesman said.
Chen offered his resignation following last month's Asian Games in Doha because the performances of Taiwanese athletes did not live up to his expectations.
As the term of office for members of the Fair Trade Commission (FTC) is set to come to an end later this month, the Cabinet also announced nine new members.
Tang Jinn-chuan (湯金全), former deputy mayor of Kaohsiung, will replace Hwang Tzong-leh (黃宗樂) as the commission's new chairman while vice chairman Yu Chau-chiuan (余朝權) will remain in his position, Cheng said.
Cheng said that Hu had worked on financial reform for many years and the government had adopted many of the proposals and suggestions put forward by the CEPD.
"The non-performing loan ratio was reduced from above 12 percent in 1999 to 2.3 percent this year. We believe that his appointment [as FSC chairman] will be accepted in professional circles," Cheng said.
Asked whether Premier Su Tseng-chang (蘇貞昌) had cleared the appointment with the president, Cheng said that there was a "full discussion" between the premier and the president on the matter.
Former FSC chairman Shih Jun-ji (施俊吉) unexpectedly announced his resignation on Jan. 12 in the wake of the Rebar Group scandal.
Talking of Ho, Cheng said that she was a suitable successor to the CEPD chairman on account of her good understanding of the nation's economic situation.
"Ho started her career as a basic civil servant. She can communicate well with business and is good at all kinds of administrative coordination," Cheng added.
also see story:
Hu appointed chairman of FSC
UNITED: The premier said Trump’s tariff comments provided a great opportunity for the private and public sectors to come together to maintain the nation’s chip advantage The government is considering ways to assist the nation’s semiconductor industry or hosting collaborative projects with the private sector after US President Donald Trump threatened to impose a 100 percent tariff on chips exported to the US, Premier Cho Jung-tai (卓榮泰) said yesterday. Trump on Monday told Republican members of the US Congress about plans to impose sweeping tariffs on semiconductors, steel, aluminum, copper and pharmaceuticals “in the very near future.” “It’s time for the United States to return to the system that made us richer and more powerful than ever before,” Trump said at the Republican Issues Conference in Miami, Florida. “They
GOLDEN OPPORTUNITY: Taiwan must capitalize on the shock waves DeepSeek has sent through US markets to show it is a tech partner of Washington, a researcher said China’s reported breakthrough in artificial intelligence (AI) would prompt the US to seek a stronger alliance with Taiwan and Japan to secure its technological superiority, a Taiwanese researcher said yesterday. The launch of low-cost AI model DeepSeek (深度求索) on Monday sent US tech stocks tumbling, with chipmaker Nvidia Corp losing 16 percent of its value and the NASDAQ falling 612.46 points, or 3.07 percent, to close at 19,341.84 points. On the same day, the Philadelphia Stock Exchange Semiconductor Sector index dropped 488.7 points, or 9.15 percent, to close at 4,853.24 points. The launch of the Chinese chatbot proves that a competitor can
TAIWAN DEFENSE: The initiative would involve integrating various systems in a fast-paced manner through the use of common software to obstruct a Chinese invasion The first tranche of the US Navy’s “Replicator” initiative aimed at obstructing a Chinese invasion of Taiwan would be ready by August, a US Naval Institute (USNI) News report on Tuesday said. The initiative is part of a larger defense strategy for Taiwan, and would involve launching thousands of uncrewed submarines, surface vessels and aerial vehicles around Taiwan to buy the nation and its partners time to assemble a response. The plan was first made public by the Washington Post in June last year, when it cited comments by US Indo-Pacific Commander Admiral Samuel Paparo on the sidelines of the Shangri-La Dialogue
Taiwanese actress Barbie Hsu (徐熙媛) has died of pneumonia at the age of 48 while on a trip to Japan, where she contracted influenza during the Lunar New Year holiday, her sister confirmed today through an agent. "Our whole family came to Japan for a trip, and my dearest and most kindhearted sister Barbie Hsu died of influenza-induced pneumonia and unfortunately left us," Hsu's sister and talk show hostess Dee Hsu (徐熙娣) said. "I was grateful to be her sister in this life and that we got to care for and spend time with each other. I will always be grateful to
RSS