COVID-19: Council plans additional NT$210bn for virus reliefStaff writer, with CNAThe National Development Council (NDC) yesterday detailed a plan to allocate an additional NT$210 billion (US$7.55 billion) budget to the government’s COVID-19 relief fund in the wake of an escalating community spread of the coronavirus in Taiwan. Council Minister Kung Ming-hsin (龔明鑫) told a news conference after a weekly Cabinet meeting that the budget is expected to go toward helping the hardest-hit individuals and industries, as well as providing additional loans to people in need. National Development Council Minister Kung Ming-hsin speaks at a news conference after a weekly Cabinet meeting in Taipei yesterday. The central bank would also offer additional loans of NT$100 billion to small and medium-sized enterprises, bringing the total to NT$400 billion, he said. However, once the COVID-19 pandemic slows down, it is possible that similar packages would again be launched, Lo added.

Source: Taipei Times May 27, 2021 15:56 UTC