-
Samsung Leads Global DRAM Market as SK Hynix Gains Share
-
South Korea Proposes Fourth Delay of Cryptocurrency Gains Tax to 2029
-
Kakao Details Spinoff Plan to Monetize AI Through KakaoTalk
-
ASIC Fines Mona Museum Owner $198,000 for Late Financial Report
-
ASIC Fines Mona Museum Owner's Company for Late Financial Report
-
Business Leaders Criticize Productivity Commission Inquiry Scope
-
Averill Park Defeats Schalmont in Overtime to Win Section 2 Class A Soccer Title
-
SCANDIC FINANCE ने एलेक्स बोडी को समूह का उपाध्यक्ष नियुक्त किया
-
SCANDIC FINANCE แต่งตั้งอเล็กซ์ โบดี เป็นรองประธานกลุ่มบริษัท
-
SCANDIC FINANCE Grubu, Alex Bodi’yi başkan yardımcılığına atadı
-
Alex Bodi wiceprezesem grupy SCANDIC FINANCE
-
Алекс Боди е назначен за вицепрезидент на групата SCANDIC FINANCE
-
Southern Africa Malaria Surge Highlights Gap Between Data and Action
-
Alex Bodi a SCANDIC FINANCE vállalatcsoport új alelnöke
-
Ο Άλεξ Μπόντι νέος αντιπρόεδρος του ομίλου SCANDIC FINANCE
-
Alex Bodi byl jmenován viceprezidentem skupiny SCANDIC FINANCE
-
Alex Bodi utsedd till vicepresident för SCANDIC FINANCE-koncernen
-
تعيين أليكس بودي نائبًا لرئيس مجموعة SCANDIC FINANCE
-
Philadelphia's Top 12 Wing Destinations Ranked for 2026
-
SCANDIC FINANCEグループ、アレックス・ボディ氏を副社長に任命
-
SCANDIC FINANCE 그룹, 알렉스 보디 부사장 선임
-
亞歷克斯・博迪獲任命為 SCANDIC FINANCE 集團副總裁
-
Алекса Боді призначено віцепрезидентом групи SCANDIC FINANCE
-
Алекс Боди назначен вице-президентом группы SCANDIC FINANCE
-
Alex Bodi appointed Vice President of SCANDIC FINANCE GROUP
-
Alex Bodi, numit vicepreședinte al grupului SCANDIC FINANCE
-
Elon Musk jokes about moving businesses to space after US midterms
-
West Mercia Police opens 2027 cadet applications to Worcestershire teenagers
-
NHS to test blood screening designed to detect 13 cancers earlier
-
Worcestershire road closures announced for Remembrance Sunday events
-
Democrats near House takeover as voters judge Trump presidency
-
UBC professor describes police call after Galloway remark as act of care
-
Lethbridge submits interest in provincial ground ambulance contract
-
False voting claims spread rapidly during US Election Day
-
The Cat in the Hat expands its stakes to cosmic scale in animated reboot
-
Lettermen co-founder Tony Butala dies at 87
-
Byron Donalds wins Florida governor race and underscores Republican strength
-
James Talarico defeats Ken Paxton in historic Texas Senate result
-
Physicist Claims Alberta Data Center Releases Energy of 23 Atomic Bombs Daily
-
Commentator predicts possible US strike on Iran as regional tensions rise
-
Goa plans relationship-readiness course amid concern over divorces
-
Manchester United climbs standings after 3-2 Champions League win over Roma
-
India introduces four-layer motor insurance choice from December 15
-
Mutual fund returns show shifting leaders across market-cap categories
-
Chervon Names Doug Palmer Vice President of Finance - Canada
Taiwan's new opposition leader against defence spending hike
Taiwan can't afford to hike its defence budget to more than three percent of GDP, the new leader of the democratic island's biggest opposition party told AFP, which could derail the government's spending plans.
The Kuomintang party (KMT) controls parliament -- and the government's purse strings -- with the help of the Taiwan People's Party, and has close ties with China.
Taiwan president Lai Ching-te, who leads the Democratic Progressive Party (DPP), aims to boost defence spending to more than three percent of GDP next year and five percent by 2030, following US pressure to spend more on protecting itself against a potential Chinese attack.
China claims Taiwan is part of its territory and has threatened to use force to bring the island under its control.
"The US' expectations far exceed what we can reasonably afford," Cheng Li-wun, 55, told AFP in an interview before formally taking up the KMT chair post on Saturday.
"Taiwan isn't an ATM -- we really don't have that much money," she said.
"We certainly have the determination to defend Taiwan, but it's not a blank cheque. That's why I said we must have a reasonable defence budget."
Lai's government has proposed NT$949.5 billion (US$31 billion), or 3.32 percent of GDP, for defence spending next year.
It is also plans to seek up to NT$1 trillion in special funding to upgrade the island's air defence systems and increase capacity to produce and store ammunition for wartime.
The spending proposals need parliamentary approval before they can take effect.
The opposition-controlled legislature cut the 2025 general budget and froze some defence spending.
It is unclear how many KMT lawmakers in the parliament support Cheng's views, but she insists it is the "vast majority" of the party.
Outgoing KMT chair Eric Chu said previously the party supported increasing defence spending to more than three percent of GDP, but opposed Taiwan buying US weapons and equipment to resolve its trade deficit.
The United States severed formal diplomatic ties with Taiwan in 1979 in favour of China, but it remains the island's biggest arms supplier.
Cheng accused Lai of pushing Taiwan towards a potential war in which the island would be the "biggest loser".
- 'Pointless arms race' -
"If cross-strait relations are peaceful and stable, we don't need a pointless arms race," Cheng said, insisting dialogue with Beijing was the best option.
China severed high-level communications with Taiwan in 2016 after Lai's predecessor Tsai Ing-wen, also a member of the DPP, took power.
The dispute between China and Taiwan dates back more than 75 years to the Chinese civil war. Chiang Kai-shek's nationalist forces were defeated by Mao Zedong's communist fighters and fled to Taiwan.
Cheng said the "status quo" between Taiwan and China "cannot remain unchanged forever" and that there will inevitably will be a "process of change".
"What we are working hard for now is to prevent it from escalating into war, but rather towards reconciliation and peace," she said, adding she is willing to meet with Chinese President Xi Jinping.
Cheng began her political career in the DPP before switching to the KMT in 2005. She was the only female candidate in the October 18 elections, which were tarnished by allegations of Chinese interference.
Xi sent a congratulatory message to Cheng after her win and called on both sides to "advance national reunification".
After losing three presidential elections in a row, Cheng said the KMT "cannot afford to lose again" in 2028.
L.Wyss--VB