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Economic, social reform to help Taiwan development: president

The China Post news staff--President Ma Ying-jeou said yesterday that many new social and economic reforms will help the development of Taiwan in the long run during his speech for the Kuomintang's 118th anniversary in Taipei.

The Directorate General of Budget, Accounting and Statistics (DGBAS) released a forecast for the 2013 economy, with both GDP purchasing power parity (PPP) and nominal GDP forecast to increase by about 1.13 percent.

President Ma said that even though it is not a major increase, it shows that citizens should not be too negative about the future of the nation's economy.

Ma also said that recently the Executive Yuan, Legislative Yuan and Examination Yuan have decided to reform the retirement annuity system, which has been an issue in need of consideration for decades.

The nation cannot ignore these issues, Ma said, and the government will do everything it can to solve the problems.

Ma said that Taiwan has a firm international reputation, cross-strait relations are stable and the nation has earned visa-free or visa-upon-arrival privileges from 130 countries, which illustrates the country's increasing international clout.

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