Minister of Economic Affairs Wang Mei-hua (王美花) yesterday announced a draw to encourage people to claim their Triple Stimulus Vouchers digitally.
The prizes include movie tickets and 25 electric scooters donated by Gogoro Inc (睿能創意), Wang said.
The Ministry of Economic Affairs said that it would hold a scooter draw every day for the next 10 days, beginning yesterday, after which there would be a draw every week for 15 weeks.
The first winner was a Taiwan Cooperative Bank (合庫銀行) credit card user, the ministry said.
The benefits of claiming the vouchers digitally extend beyond the draws, with many businesses offering special deals for people who use digital vouchers, Wang told a news conference in Taipei.
Gogoro chief executive officer Horace Luke (陸學森) said that his company was glad to donate the scooters in support of the stimulus program.
“Gogoro scooters are designed and made in Taiwan,” Luke told the news conference. “They are the perfect complement to a program designed to stimulate the Taiwanese economy.”
The scooters up for grabs have a suggested retail price of NT$54,980 (US$1,860.51) each.
The first phase for pre-ordering stimulus vouchers is being extended to July 12, the ministry announced later yesterday.
The ministry originally announced that the pre-ordering of the paper versions of the vouchers could be done in two stages: from July 1 to 7 and from Aug. 1 to 7.
Vouchers ordered from July 1 to 7 or July 8 to 12 can be claimed at designated convenience stores from July 15 to 31 and July 22 to 31, respectively.
Those who order the vouchers from Aug. 1 to 7 can pick them up at convenience stores from Aug. 15 to 31.
The government is launching the Triple Stimulus Voucher program to stimulate the economy amid an economic slump due to the COVID-19 pandemic.
So far, most people have claimed the vouchers at post offices or convenience stores, with only 20 percent claiming them digitally, Wang said.
People can purchase NT$3,000 of vouchers for NT$1,000, and aid is available for low-income households. The NT$50 billion program is not open to foreign residents unless they have a Taiwanese spouse.
In the past few days, President Tsai Ing-wen (蔡英文) and Premier Su Tseng-chang (蘇貞昌) have touted the convenience of buying the vouchers at convenience stores.
Wang said that while paper vouchers offer more security, digital vouchers are more convenient and are suitable for younger, tech-savvy consumers.
Details on how to obtain the digital vouchers can be found at 3000.gov.tw, the ministry said.
Asked about the possibility of there being more government stimulus measures, Wang said that there would be news soon.
“We still have to evaluate our budget, the use rates of the current program and other factors, but it will not take too long,” she said.
Although Taiwan has largely been spared the worst of the COVID-19 pandemic, which has caused great economic repercussions elsewhere in the world, the nation’s export-dependent economy was still affected by the global slowdown in consumption, Wang said.
“Unfortunately, it looks like the virus really never went away in many countries and will remain with us through the fall,” she said. “However, economies are reopening and we look forward to gradual gains.”
Additional reporting by CNA
The Financial Supervisory Commission (FSC) yesterday fined Citibank Taiwan Ltd (花旗台灣) NT$10 million (US$357,194) and DBS Bank Taiwan (星展台灣) NT$6 million for breaches of the nation’s anti-money laundering (AML) regulations. The NT$10 million fine is the highest penalty that it has imposed on a domestic bank, the commission said. Citibank Taiwan failed to set up a sound mechanism for evaluating clients’ risk of money laundering and for detecting suspicious transactions, Banking Bureau Deputy Director-General Huang Kuang-hsi (黃光熙) told a news conference in New Taipei City. The bank based its AML policies on those of its US-based parent company, Citigroup Inc, but the policies
BETTING BIG: The world’s most advanced chipmaker might be eyeing an advanced 3-nanometer plant in the US after it finishes setting up its 5-nanometer fab there Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is weighing plans to pump tens of billions of dollars more into cutting-edge chip factories in Arizona than it had previously disclosed, but is cool on prospects for an advanced European plant, people familiar with the matter said. TSMC is the world’s most advanced chipmaker, and its investment plans are being closely watched amid a global chip shortage and new initiatives in the US and Europe to subsidize semiconductor production. TSMC last year announced that it would invest US$10 billion to US$12 billion to build a chip factory in Phoenix. The previously disclosed factory could be
COMPETITIVE: The chip designer is offering an annual compensation of NT$1.5 million to NT$2 million, in addition to cash and stock bonuses to attract workers MediaTek Inc (聯發科), the world’s biggest designer of 5G handset chips, is stepping up its recruitment drive this year, with plans to hire more than 2,000 engineers specializing in core technologies, including 5G, wireless communication and artificial intelligence (AI). That would be double from the more than 1,000 people it hired on average in the past few years, as the Hsinchu-based company looks to boost growth this year and beyond. It also comes as the company plans to launch a new 5G chip, Dimensity 2000 series, which supports mmWave technology and sub-6-gigahertz technology, at the end of this year. That would be
COMPONENTS ISSUE: Hon Hai’s Young Liu said that although prices for components and raw materials have increased, their influence on the company would be limited Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), yesterday said that a global supply crunch that has hit the consumer electronics and automaking industries will worsen this quarter, after it weathered component shortages to post better-than-expected quarterly profit last quarter. The world’s largest contract electronics manufacturer and main assembler of iPhones reported net income of NT$28.2 billion (US$1 billion) in the first quarter, beating the average NT$24.4 billion of adjusted analyst estimates. Revenue in the second quarter will likely be steady from the previous quarter’s NT$1.35 trillion, as growth in its consumer electronics and components divisions is