TAIPEI (Taiwan News) — Four major Taiwanese bank holding companies have made cash donations totaling NT$253 million (US$9.11 million) to help the country battle COVID-19.
Yuanta Financial Holdings, Cathay Financial Holdings, Taishin Holdings, and Fubon Financial have pledged NT$160 million, NT$40 million, NT$30 million, and NT$23 million, respectively for the cause, reported UDN.
The funds will be channeled to hospitals nationwide and the governments of Taipei and New Taipei, which are COVID hotspots. Since the start of the year, Taipei and New Taipei have recorded 2,137 and 2,610 local cases, respectively, of the country’s total 5,528.
Taipei City Hospital and National Taiwan University Hospital have pleaded for assistance as their medical systems become overstretched due to hundreds of daily infections over the past few weeks. The capital has established a COVID relief fund to support medical workers and the disadvantaged.