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
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
’WHITE BOX’: The open platform would give local firms access to Cisco’s cloud-based mobile network to develop 5G telecom equipment and tap into the global market The Ministry of Economic Affairs (MOEA) yesterday introduced a new 5G “open lab” in collaboration with US-based information technology and networking giant Cisco Systems Inc to address the rapidly growing “white box” 5G networking equipment market. The open lab will be a platform where Taiwanese manufacturers can access Cisco’s cloud-based mobile network to develop their own 5G telecom equipment, such as small-cell base stations, network switches, modems and Internet of things (IoT) devices, a ministry statement said. The open platform would allow Taiwanese manufacturers to tap into the lucrative 5G telecom equipment market, which was previously monopolized by Nokia Oyj, Ericsson AB
Nintendo Co is raising its target for Switch production to about 25 million units this fiscal year, people familiar with the matter said, as the ongoing COVID-19 pandemic keeps lifting demand and component shortages ease. The Kyoto, Japan-based company, which in April hiked orders to 22 million units by March next year, is asking partners to tack on another few million units, said the people, who did not want to be identified discussing internal goals. Assembly partners plan to work at maximum capacity through December. The new production target suggests that Nintendo is likely to outperform its Switch sales forecast of 19 million
‘BIG LOSS’: This year might see the last generation of Huawei’s Kirin chips, as their production would stop next month because they are made using US technology Chinese tech giant Huawei Technologies Co (華為) is running out of processor chips to make smartphones due to US sanctions and would be forced to stop production of its own most advanced chips, a company executive has said, in a sign of growing damage to Huawei’s business from US pressure. Huawei, one of the biggest producers of smartphones and network equipment, is at the center of US-Chinese tension over technology and security. Washington last year cut off Huawei’s access to US components and technology, and those penalties were tightened in May, when the White House barred vendors worldwide from using US