ECONOMIC BOOSTER:The council is to establish an NT$100 billion equity fund under the National Development Fund and a trading firm to create investment opportunities
Taipei Times
Date: May 26, 2016
By: Crystal Hsu / Staff reporter
The National Development Council (NDC) yesterday unveiled several short-term measures aimed
National Development Council Minister Chen Tain-jy yesterday holds a news conference in Taipei to discuss his short-term goals for helping the economy. Photo: Wang Yi-sung, Taipei Times
at stimulating the economy through private investment by establishing an equity fund and a trading company to help firms expand, innovate and upgrade.
“Unlike past practices, the council and other government agencies will take the initiative and lend a helping hand wherever they spot worthy investment opportunities,” National Development Council Minister Chen Tain-jy (陳添枝) told a news conference in Taipei.
The council plans to establish an equity fund of NT$100 billion (US$3.06 billion) under the National Development Fund and take shares in promising firms through capital injection, Chen said. [FULL STORY]
