Alexa
  • Directory of Taiwan

It's opportune moment to distribute vouchers: President

It's opportune moment to distribute vouchers: President

Taipei, Jan. 18 (CNA) President Ma Ying-jeou said Sunday that Taiwan is the first country in the world to distribute shopping vouchers since the onset of the global economic downturn, and that now was a good time to issue them.
Ma said that although the NT$3,600 in vouchers every citizen will receive is not that much, it is enough to stimulate domestic consumption and directly benefit retailers and department stores, especially in the week before the Chinese New Year holiday begins.
Ma indicated that several nations are closely watching Taiwan's voucher program to determine if they should follow suit.
"I consider this a positive example for the world," the president said.
Ma, who picked up the vouchers for all four members of his family Sunday morning, said he will not use his vouchers all in one go, but will spread out their use over the coming days to encourage more shopping and stimulate the sagging domestic economy.
Meanwhile, Vice President Vincent Siew traveled south to his hometown of Chiayi City after receiving his vouchers in Taipei to boost consumption there.
In Taipei County, nearly 30,000 people were mobilized Sunday to distribute the vouchers at stations similar to those set up for elections. Vouchers worth over NT$13.7 billion are expected to be distributed to over 3.82 million residents in the country's largest administrative district.
In southern Taiwan's Tainan County, 21 county councilors of the ruling Kuomintang (KMT) announced that they would donate their vouchers to charity and urged the public to follow their lead.
They said the NT$3,600 amount may be an insignificant amount for those who are well off but can make a difference to disadvantaged families.
Councilor Tsai Yu-huei also urged Tainan's people to spend their vouchers on domestically produced goods, saying that increased procurement can help invigorate Tainan County's economy, which may see unemployment exceed 5 percent in January.
The Cabinet will spend NT$85.7 billion on the voucher program, which it hopes will boost the slumping retail sector and spark economic growth.
(By Deborah Kuo)




Updated : 2021-06-17 16:02 GMT+08:00