EDITORIAL: Thorny politics of budget reform

The Ministry of Finance calculated that the central government would need to release an additional NT$577.7 billion (US$17.84 billion) to local governments a year under the KMT’s amendment. Coupled ...

Taiwan still fifth-largest net creditor

Taiwan remained the fifth-largest net creditor last year as its net international investment position (NIIP) hit another new high, the central bank said on Friday. Taiwan’s external financial assets ...