Firms to spend NT$3bn on tripsKEEPING IT LOCAL: Although many firms had planned to hold trips overseas for their employees, they are instead opting to spend that money on domestic eventsBy Kao Shih-ching / Staff reporterNearly 300 financial companies plan to spend NT$3.032 billion (US$101.3 million) subsidizing domestic trips for employees from this month to the end of the year to help boost the economy, the Financial Supervisory Commission (FSC) said yesterday. Banks plan to spend NT$1.36 billion, the highest among all industries, followed by insurers with NT$1.35 billion, securities companies with NT$185 million and accounting firms with NT$67 million, the commission said. Many firms had planned to organize overseas trips for their employees, or hold conferences and employee training courses abroad, Huang said. Fubon Financial Holding Co (富邦金控) yesterday said it would spend NT$700 million on domestic travel and training programs for its 58,000 employees. The company’s insurance unit, Fubon Life Insurance Co (富邦人壽), plans to spend NT$220 million on similar endeavors, it added.

Source: Taipei Times June 04, 2020 15:56 UTC