Taiwan to inject a further US$1.3 billion to lift economy
Taiwan will be rolling out a NT$40 billion (US$1.3 billion) stimulus package to help businesses hardest hit by the coronavirus pandemic.
The package was approved on March 24 by premier Su Tseng-chang.
Drafted by the Ministries of Economic Affairs, Finance, Health and Welfare, Transportation and Communications, and Financial Supervisory Commission, the bill is the second of its kind for the country, following an NT$60 billion stimulus package rolled out in February.
Both packages are aimed at propping up Taiwan’s export-driven economy, since the outbreak of the coronavirus earlier in the year.
MMP
