The Ministry of Transportation and Communications is proposing to offer an additional NT$25 billion (US$878.73 million) in loans to business operators in the aviation industry as the nation’s borders remain virtually closed due to the COVID-19 pandemic.
Minister of Transportation and Communications Lin Chia-lung (林佳龍) yesterday announced the plan in his opening address at a forum on the development of the logistics industry in the post-pandemic era.
In April, the ministry secured NT$50 billion to offer airlines, ground handling service operators and catering providers for airlines as loans or interest subsidies.
Asked about the new plan, Lin told reporters that the fund would provide loans to operators in the aviation industry, as their businesses are expected to continue to suffer next year because of the pandemic.
The ministry proposed the plan to the Executive Yuan last week, he said.
The ministry is also proposing to extend the subsidy program to compensate salaries of workers at international airports until the first half of next year, he said.
Lin said that part of the funding for the new plan would come from the ministry, while the rest would come from interdepartmental funding allocated through the relief fund packages.
“We hope to coordinate with other government agencies on this matter, as some of them have yet to use up relief funds in certain categories that were allocated to them through the Executive Yuan’s relief fund packages,” Lin said.
Ministry officials said that the NT$50 billion package for the aviation industry has nearly been depleted.
As the government has yet to lift restrictions at the nation’s borders and international flight carriers are still sustaining financial losses, the ministry proposed the additional NT$25 billion in loans, they said.
Aviation business operators could start filing applications for loans once the Executive Yuan approves the ministry’s proposal, they said, adding that their applications would be subject to review by the ministry and the Small and Medium Enterprise Credit Guarantee Fund of Taiwan.
Lin also said that a trade dispute between the US and China over the past two years has caused many high-tech companies to relocate supply chains outside of China to spread their risks.
As global supply chains are reshuffling, Taiwan could use the opportunity to develop the high value-added processing industry, he said.
“We can use the aviation network and free-trade zone at Taiwan Taoyuan International Airport, the broad hinterland at the Port of Taipei and Chunghwa Post’s express deliveries to attract investments from some key component manufacturers and create new supply chains,” Lin said.
“We have identified the cross-border e-commerce service, cargo delivery combining air and sea transport services and cold-chain technology as having the most potential for development in the nation,” he added.
Lin said that the ministry plans to allocate NT$1.9 billion to address traffic congestion at the Linkou (林口) Interchange on Sun Yat-Sen Freeway (Freeway No. 1), which is the main route to the Chunghwa Post Logistics Park.
Taipei has once again made it to the top 100 in Oxford Economics’ Global Cities Index 2025 report, moving up five places from last year to 60. The annual index, which was published last month, evaluated 1,000 of the most populated metropolises based on five indices — economics, human capital, quality of life, environment and governance. New York maintained its top spot this year, placing first in the economics index thanks to the strength of its vibrant financial industry and economic stability. Taipei ranked 263rd in economics, 44th in human capital, 15th in quality of life, 284th for environment and 75th in governance,
Control Yuan Secretary-General Lee Chun-yi (李俊俋) tendered his resignation last night, admitting that he had misused a government vehicle, as reported by media. His resignation was immediately accepted by the Control Yuan. In a statement explaining why he had resigned, Lee apologized for using a Control Yuan vehicle to transport his dog to a pet grooming salon on May 20. The issue first came to light late last month, when TVBS News reported that Lee had instructed his driver to take the dog to the salon. The news channel broadcast photos that it said were taken by an unnamed whistle-blower, which purportedly showed the
The Sports Administration yesterday demanded an apology from the national table tennis association for barring 17-year-old Yeh Yi-tian (葉伊恬) from competing in the upcoming World Table Tennis (WTT) United States Smash tournament in Las Vegas this July. The sports agency said in a statement that the Chinese Taipei Table Tennis Association (CTTTA) must explain to the public why it withdrew Yeh from the WTT tournament in Las Vegas. The sports agency said it contacted the association to express its disapproval of the decision-making process after receiving a complaint from Yeh’s coach, Chuang
A former officer in China’s People’s Liberation Army (PLA) who witnessed the aftermath of the 1989 Tiananmen Square massacre has warned that Taiwan could face a similar fate if China attempts to unify the country by force. Li Xiaoming (李曉明), who was deployed to Beijing as a junior officer during the crackdown, said Taiwanese people should study the massacre carefully, because it offers a glimpse of what Beijing is willing to do to suppress dissent. “What happened in Tiananmen Square could happen in Taiwan too,” Li told CNA in a May 22 interview, ahead of the massacre’s 36th anniversary. “If Taiwanese students or