Taipei [Taiwan], May 20 (ANI): The newly-elected president of Taiwan, Lai Ching-te of the Democratic Progressive Party (DPP), was sworn in as the fifth popularly elected president of Taiwan on Monday, reported Focus Taiwan. The DPP will be the first ruling party to govern for a third consecutive four-year term, with Lai, 64, and Vice President Hsiao Bi-khim taking office since Taiwan held its first direct presidential election in 1996. The inauguration ceremony was held at the Presidential Office, and the great seal of the nation was handed over to Lai by Legislative Speaker Han Kuo-yu of the …