CONTINUING INVESTMENTS: The economics ministry approved applications from seven small and medium-sized enterprises to invest a combined NT$2.3 billion

Taipei Times
Date: Apr 25, 2020
By: Natasha Li / Staff reporter

The government is planning to reduce the rent for more than 9,000 local businesses by 20 percent, which would save them NT$660 million (21.94 million) in expenses, the Ministry of Economic Affairs’ State-owned Enterprise Commission said yesterday.

The commission yesterday proposed the rent reductions for companies leasing land from state-owned enterprises, including Taiwan Sugar Corp (台糖), Taiwan Power Co (Taipower, 台電), CPC Corp, Taiwan (CPC, 台灣中油) and Taiwan Water Corp (台水), until the end of the year to help businesses weather the storm sparked by the COVID-19 pandemic.

Companies could simultaneously apply to delay rental payment until the end of the year, it added.

They would be allowed to pay the interest-free deferred rent over a maximum period of three years, the commission said.    [FULL  STORY]