Focus Taiwan
Date: 03/27/2020
By: Tsai Peng-min and Matthew Mazzetta

Taipei, March 27 (CNA) Taiwan's Ministry of Economic Affairs (MOEA) on Friday launched a free hotline to help businesses determine whether they are eligible for special funding amid government efforts to mitigate the impact of the coronavirus pandemic.

The Cabinet approved a NT$60 billion special budget bill on Feb. 27, and announced Monday that it is planning to unveil a second economic stimulus package of around NT$40 billion.

The purpose of the 1988 hotline is to help businesses and members of the public to determine whether they are eligible for assistance, and connect them with designated contacts at the government agencies handling the funds, the MOEA said in a press release.

The services available to businesses include loan deferments, subsidized training programs and discounts on utilities.    [FULL STORY]