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.
Photo: CNA
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
ADVANCED: Previously, Taiwanese chip companies were restricted from building overseas fabs with technology less than two generations behind domestic factories Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp, would no longer be restricted from investing in next-generation 2-nanometer chip production in the US, the Ministry of Economic Affairs said yesterday. However, the ministry added that the world’s biggest contract chipmaker would not be making any reckless decisions, given the weight of its up to US$30 billion investment. To safeguard Taiwan’s chip technology advantages, the government has barred local chipmakers from making chips using more advanced technologies at their overseas factories, in China particularly. Chipmakers were previously only allowed to produce chips using less advanced technologies, specifically
BRAVE NEW WORLD: Nvidia believes that AI would fuel a new industrial revolution and would ‘do whatever we can’ to guide US AI policy, CEO Jensen Huang said Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) on Tuesday said he is ready to meet US president-elect Donald Trump and offer his help to the incoming administration. “I’d be delighted to go see him and congratulate him, and do whatever we can to make this administration succeed,” Huang said in an interview with Bloomberg Television, adding that he has not been invited to visit Trump’s home base at Mar-a-Lago in Florida yet. As head of the world’s most valuable chipmaker, Huang has an opportunity to help steer the administration’s artificial intelligence (AI) policy at a moment of rapid change.
The New Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility. A strategy of borrowing the New Taiwan dollar to invest in higher-yielding alternatives has generated the second-highest return over the past month among Asian currencies behind the yuan, based on the Sharpe ratio that measures risk-adjusted relative returns. The New Taiwan dollar may soon replace its Chinese peer as the region’s favored carry trade tool, analysts say, citing Beijing’s efforts to support the yuan that can create wild swings in borrowing costs. In contrast,
TARIFF SURGE: The strong performance could be attributed to the growing artificial intelligence device market and mass orders ahead of potential US tariffs, analysts said The combined revenue of companies listed on the Taiwan Stock Exchange and the Taipei Exchange for the whole of last year totaled NT$44.66 trillion (US$1.35 trillion), up 12.8 percent year-on-year and hit a record high, data compiled by investment consulting firm CMoney showed on Saturday. The result came after listed firms reported a 23.92 percent annual increase in combined revenue for last month at NT$4.1 trillion, the second-highest for the month of December on record, and posted a 15.63 percent rise in combined revenue for the December quarter at NT$12.25 billion, the highest quarterly figure ever, the data showed. Analysts attributed the