Once worth US$3b, Taiwan's Kuomintang party now short of cash

Taipei

TAIWAN'S opposition Kuomintang - once the world's richest political party - is calling for donors to come to the rescue as a government investigation leaves it struggling to pay the bills.

The party, which lost control of both the presidency and legislature last year after decades in power, was soliciting funds to pay its roughly 300 staff members this month, spokesman Hung Mong-kai said on Wednesday. The party's monthly personnel costs were about NT$30 million (S$1.34 million), Mr Hung said.