Close Menu
    What's Hot

    Starbucks adds energy-boosted refreshers to menu

    April 7, 2026

    McDonald’s CEO Said He Blames Mother for Infamous Big Arch Taste Test

    April 7, 2026

    Nikki Glaser, 41, Says Money Makes Beauty Standards Harder to Ignore

    April 7, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Economy»Taiwan president appeals for harmony amid budget standoff By Reuters
    Economy

    Taiwan president appeals for harmony amid budget standoff By Reuters

    Press RoomBy Press RoomJanuary 27, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    TAIPEI (Reuters) – Taiwan President Lai Ching-te appealed on Monday in his Lunar New Year message for harmony between the ruling and opposition parties, amid a standoff over the opposition slashing this year’s budget.

    While Lai won the presidential election last year, his Democratic Progressive Party lost its majority in parliament, giving the opposition legislative control that includes spending proposals.

    Last week the opposition, citing a need to cut waste, passed spending cuts the government says amount to T$207.6 billion ($6.33 billion) or 6.6% of the proposed total budget, for central government spending this year.

    The government is considering asking parliament to reconsider the budget, which includes defence spending, though the opposition has not shown signs of backing down.

    In his message ahead of the Lunar New Year, which starts on Wednesday, Lai said harmony was needed, though he did not directly mention the budget or other disputes with the opposition.

    “There is a saying that in a harmonious family, all things prosper,” he said in the message carried on his social media accounts.

    “The same goes for our nation. I look forward to the ruling and opposition parties being in harmony and our society uniting. Let’s work together to help our nation continue to make great strides.”

    Lai, who Beijing denounces as a “separatist” given his rejection of the country’s sovereignty claims, did not extend greetings to China, which last year staged two rounds of major war games around the island.

    “I also want to thank everyone for your hard work over the past year. Together, we overcame many challenges, helping Taiwan continue to progress and develop, as well as play an even more important role on the global stage,” he said.

    This year, Lai said he will continue to promote development and spur economic growth.

    © Reuters. FILE PHOTO: Taiwan's President Lai Ching-te speaks at the Asia Democracy and Human Rights Award in Taipei, Taiwan December 10, 2024. REUTERS/Ann Wang/File Photo

    “I will also be resolved in the missions of ensuring that the nation endures and progresses, safeguarding the lives and property of the public.”

    ($1 = 32.8170 Taiwan dollars)

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Wall Street slides as valuation concerns, rate-cut jitters linger

    November 18, 2025

    Wall St opens lower as valuation concerns, rate-cut jitters linger

    November 18, 2025

    They solved for the Kansas City Chiefs enforcement equilibrium

    September 5, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    Starbucks adds energy-boosted refreshers to menu

    April 7, 2026

    McDonald’s CEO Said He Blames Mother for Infamous Big Arch Taste Test

    April 7, 2026

    Nikki Glaser, 41, Says Money Makes Beauty Standards Harder to Ignore

    April 7, 2026

    Tuesday’s Economic Calendar

    April 7, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • April 2026
    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.