Firms to spend NT$3bn on trips

KEEPING IT LOCAL: Although many firms had planned to hold trips overseas for their employees, they are instead opting to spend that money on domestic events

Taipei Times
Date: un 05, 2020
By: Kao Shih-ching / Staff reporter

Financial Supervisory Commission Chairman Thomas Huang, center, tells a news conference in New Taipei City yesterday that 287 financial companies plan to spend NT$3.032 billion on subsidies for their employees to take trips locally.
Photo: Wang Meng-lun, Taipei Times

Nearly 300 financial companies plan to spend NT$3.032 billion (US$101.3 million) subsidizing domestic trips for employees from this month to the end of the year to help boost the economy, the Financial Supervisory Commission (FSC) said yesterday.

The 287 companies include 36 banks, 41 insurance companies, 68 securities brokerages, 39 securities investment trust firms, 84 securities investment consulting companies, 15 futures traders and four accounting firms, FSC Chairman Thomas Huang (黃天牧) said.

Banks plan to spend NT$1.36 billion, the highest among all industries, followed by insurers with NT$1.35 billion, securities companies with NT$185 million and accounting firms with NT$67 million, the commission said.

A total of 600,000 employees are expected to benefit from the subsidies, Huang said.
[FULL  STORY]

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