INVESTMENT:A National Development Council plan calls for the government to take the lead by boosting public investment to encourage the private sector to follow suit
Taipei Times
Date: Aug 26, 2016
By: Lee Hsin-fang and Jake Chung / Staff reporter, with staff writer
The Executive Yuan yesterday said it plans to earmark NT$340 billion (US$10.7 billion) for a stimulus package to spur economic growth, with an emphasis on boosting government investment in state-owned businesses and projects.
The National Development Council (NDC) suggested that the Cabinet focus on ameliorating the nation’s investment environment, encourage private investment, step up investment in state-owned businesses and reinforce digital innovations as the main staples of its stimulus plan.
Premier Lin Chuan (林全) said the government must take the lead by increasing investments in public projects and state-owned businesses to encourage the private sector to follow suit.
NDC Deputy Director Kung Ming-hsin (龔明鑫) said the council is unable, at this time, to provide estimates on how much the stimulus would contribute to GDP growth, but should the Executive Yuan approve the plan, immediate policies would include a two-year waiver on rent for land in industrial zones and a stable rent policy for science parks. [FULL STORY]