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Premier resigns, Cabinet reshuffle slated for Thursday

TAIPEI - Premier Lin Chuan and the entire Cabinet will resign on Thursday, the Executive Yuan announced Monday.

Lin tendered his resignation to President Tsai Ing-wen at a national security meeting on Sunday. According to Executive Yuan Spokesman Hsu Kuo-yung, Lin thanked the president for the opportunity to serve the country. Lin said that it is now time for him to go as he has completed a phase of his mission and that his departure will facilitate the president's official appointment strategy.

Lin told the media that he will not accept any governmental appointments after his resignation. Some media outlets have speculated that the premier would take over as the Central Bank governor after the incumbent chief Perng Fai-nan's retirement slated for 2018.

It was also widely reported Monday that Tainan Mayor William Lai will replace Lin as premier. The Executive Yuan has not confirmed or denied the report.

The Presidential Office said that the president has accepted Lin's resignation and will hold a press conference at 11:30 a.m., Tuesday to explain the details concerning the Cabinet reshuffle.

Lin has led the Executive Yuan through a series of controversial policies including the five-day (or one fixed, one flexible day) workweek reform and the NT$840-billion Forward-looking Infrastructure Development Projects.

The premier has faced calls for and rumors of his resignation that started soon after he assumed office in May 2016. Having served as the head accountant and finance minister under the former President Chen Shui-bian, Lin was said to have built a good rapport with President Tsai.

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