TOUGH TIMES? The KMT has NT$10.1 million in disposable cash in the bank and only NT$2 billion in real estate, Administration and Management Committee director Chiu Da-chan said

Taipei Times
Date: Dec 10, 2017
By: Stacy Hsu  /  Staff reporter
The Chinese Nationalist Party (KMT) yesterday said it is considering collecting a “special

KMT Administration and Management Committee director Chiu Da-chan speaks at a meeting of the party’s Central Committee in Taipei yesterday.  Photo: Liao Chen-huei, Taipei Times

party fee” and raising the contribution amounts required by KMT cadres and public office holders, in a last-ditch effort to remedy what the party called an “unprecedented financial crisis.”

“The challenge facing the KMT is unprecedented, as is its current financial crisis. To make matters worse, the passage of the Political Party Act (政黨法) last month significantly restricted the engagement of political parties in profit-making activities,” KMT Administration and Management Committee director Chiu Da-chan (邱大展) said in his report on the party’s financial situation at a meeting of the KMT Central Committee in Taipei yesterday.

It was the first meeting of the 210 members of the Central Committee since they were elected in September.    [FULL  STORY]