IDB approves 756 aid requests

STAYING AFLOAT: IDB has issued NT$734 million in subsidies to help companies pay wages last month for up to 33,957 employees, and it plans another NT$1.12 billion

Taipei Times
Date: May 08, 2020
By: Natasha Li / Staff reporter

Industrial Development Bureau Deputy Director-General Yang Chih-ching, left, speaks at a news conference in Taipei yesterday.
Photo: Huang Pei-chun, Taipei Times

The Industrial Development Bureau (IDB) has approved 756 of 1,224 applications from companies seeking government subsidies due to the effects of the COVID-19 pandemic, it said yesterday.

Of the approved applications, 280 are from base metal and machinery equipment makers, 188 are from consumer goods and chemical materials manufacturers, and 120 are from information and communication technology companies, IDB data showed.

The remaining applications are from businesses across various sectors, such as design, tourism and knowledge-based industries.

“Applications are still pouring in and we are receiving an average of 100 applications per day,” IDB Deputy Director-General Yang Chih-ching (楊志清) said at a news briefing in Taipei.

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