Taiwan legislature passes new special budget for economic relief, stimulus

The Legislative Yuan has passed a special budget of NT$209.95 billion (US$7.33 billion) largely to continue economic relief measures that ease the impact of the COVID-19 pandemic on Taiwan's econo...

Full text of President Tsai Ing-wen's Taiwan National Day address

President Tsai Ing-wen (蔡英文) delivered her National Day address Saturday, in which she stressed her administration's determination to safeguard Taiwan's national security and outlined the coun...

Taiwan's 2021 budget to rise by 4%

TAIPEI (Taiwan News) — Taiwan’s general budget for 2021 will increase by four percent next year, with defense accounting for the largest area of expenditure for the nation. Premier Su T...

Opposition lawmakers accuse Taiwan government of excessive spending

TAIPEI (Taiwan News) — The government has spent so much on its Forward-looking Infrastructure Development Program that it has collected NT$15.8 trillion (US$546 billion) in extra debt, oppositio...

Taiwan president promises 3rd relief package to boost economy

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 co...

South Africa announces $26 billion to help struggling nation

JOHANNESBURG (AP) — South Africa’s president has announced an “extraordinary budget” of $500 billion rand ($26 billion) to address the huge socioeconomic effects of the coronavirus pandemic, saying th...

Taiwan expands special budget for economic relief to NT$210 billion

TAIPEI (Taiwan News) — The Legislative Yuan on Tuesday (April 21) passed the review for the expanded economic relief budget, hoping the additional NT$150 billion (US$4.99 billion) could help sof...

Taiwan premier approves NT$4 billion plan on disease prevention center

Premier Su Tseng-chang (蘇貞昌) has approved a 7-year NT$4 billion plan to set up a disease prevention center in Taipei's Nangang District to carry out sampling, testing and research and development ...

Taiwan passes NT$1.05 trillion economic relief package

TAIPEI (Taiwan News) — In an effort to minimize the impact of the Wuhan coronavirus (COVID-19) on Taiwan's economy, the Cabinet on Thursday (April 2) passed an NT$1.05 trillion (US$34.7 bill...

Taiwan's COVID-19 relief package could reach NT$1.05 trillion

The government plans to provide NT$1.05 trillion (US$34.64 billion) in two phases of an economic relief package to provide emergency aid to businesses and individuals hit by the COVID-19 coronavirus p...

Taiwan's COVID-19 response could reach NT$1 trillion: premier

The Taiwan government's response to the COVID-19 coronavirus pandemic could reach as much as NT$1 trillion (US$33 billion), Premier Su Tseng-chang (蘇貞昌) told a legislative hearing on Tuesday. S...

Next 14 days are critical for Taiwan's Wuhan virus battle: Tsai

TAIPEI (Taiwan News) — President Tsai Ing-wen (蔡英文) on Thursday (March 19) said the next 14 days will be critical in Taiwan's efforts to contain the second wave of the Wuhan coronavirus (COV...

Taiwan readies billion-dollar package to boost economy

TAIPEI (Taiwan News) — Speaking after Taiwan’s stock market plummet on Thursday morning (March 19) amid the escalating coronavirus (COVID-19) pandemic, President Tsai Ing-wen (蔡英文) asked t...

Taiwan to allow delayed payment of taxes for 1 year due to Wuhan virus

TAIPEI (Taiwan News) — The Ministry of Finance (MOF) on Monday (March 16) announced that it will allow those affected by the Wuhan coronavirus (COVID-19) pandemic to delay their payment of taxes...

KMT proposes freezing special budget aimed at buttressing Taiwan's economy

TAIPEI (Taiwan News) — During the legislature's review of the NT$60 billion (US$2 billion) special budget on Monday (March 9), the opposition Kuomintang (KMT) party sponsored a motion to fre...