The China Post
Date: December 6, 2016
TAIPEI, Taiwan — The Taipei 101 skyscraper has raised the funds needed to hold its renowned annual fireworks show, Minister of Finance Sheu Yu-jer said Monday.
Speaking at a hearing held by the Finance Committee of the Legislative Yuan, Sheu said the company has raised the NT$45 million (US$1.41 million) needed to cover the budget for the New Year’s fireworks show.
The government is the largest shareholder of Taipei Financial Center Corp. (TFCC), which operates Taipei 101, with a 44.35 percent stake.
On behalf of the largest shareholder of Taipei 101, Sheu said the Tourism Bureau will contribute up to NT$20 million, as it has in the past, while the business sector has pledged to provide the rest of the funding.
Taipei 101 also spent NT$45 million on its New Year’s fireworks show last year, which lasted 238 seconds and involved a total of 30,000 fireworks. [FULL STORY]