Taiwan president promises 3rd relief package to boost economy
President Tsai encourages domestic travel and spending in order to mitigate economic hit from coronavirus
By: Matthew Strong, Taiwan News, Staff Writer
President Tsai Ing-wen (center) meeting business representatives Thursday Aug. 20 (CNA photo)
TAIPEI (Taiwan News) — A third phase of relief measures with a budget of NT$210 billion (US$7.13 billion) and added investment totaling NT$6 trillion should help Taiwan recover from the Wuhan coronavirus (COVID-19) pandemic, President Tsai Ing-wen (蔡英文) said Thursday (Aug. 20).
The new programs arrive on top of previous packages totaling NT$1.05 trillion to help enterprises and workers through the impact of the virus. It forms the largest economic aid program in Taiwan's history, CNA quoted Tsai as saying. [FULL STORY]