Taiwan to allocate NT$11 billion next year for digital development

Focus Taiwan
Date: 2016/11/24
By: Elaine Hou and Tai Ya-chen

Taipei, Nov. 24 (CNA) The Cabinet passed a proposal Thursday on developing a digital and innovative

An Internet of Things demonstration with smart devices (CNA file photo)

An Internet of Things demonstration with smart devices (CNA file photo)

economy, and will allocate NT$11 billion (US$344.6 million) for digital economy, in an effort to rank Taiwan among the world’s top 10 in e-competitiveness and raise the ratio of the digital economy to GDP to 30 percent.

The plan, passed during the Cabinet’s weekly meeting, is aimed at boosting the country’s digital development over the period from 2017 to 2025. To implement the plan, an initial NT$11 billion will be allocated in 2017, with an annual budget of NT$20 billion to be allocated in the following years.

Proposed by the board of science and technology under the Executive Yuan, the plan includes building an environment conducive to digital innovation, cultivating digital talent, upgrading the digital industry, and developing digital cities, the Executive Yuan said in a statement.

Speaking during the meeting, Premier Lin Chuan (林全) directed relevant government agencies to step up efforts to draft a digital communication act and amend the Telecommunications Act.    [FULL  STORY]

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