PHILIPPINE TRADE & INVESTMENT CENTER TAIPEI
  • Home
  • Doing Business
  • News
  • Events & Announcements
  • Feature
  • Gallery
  • Contact
  • Press Releases

Government to offer preferential loans to workers affected by COVID-19

4/13/2020

 
Picture
Taipei, April 7 (CNA) The Cabinet announced Tuesday that it will soon offer preferential short-term loans to workers who have suffered a loss of income due to the COVID-19 coronavirus pandemic.

At a press conference, Minister of Labor Hsu Ming-chun (許銘春) said low-interest loans of up to NT$100,000 (US$3,293) will be extended to a maximum of 500,000 applicants.

The loans will be repayable over a three-year period, with the first year being interest free and the rate on the second and third years set at 1.845 percent, Hsu said.

More details of the preferential loan will be announced within two weeks after the Legislative Yuan passes a NT$150 billion (US$5billion) special budget put forth by the Cabinet as part of a COVID-19 relief package, she said.


Read more: Focus Taiwan

Comments are closed.

    Picture
    ABOUT PTIC TAIPEI
    The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan​

    Archives

    November 2020
    October 2020
    September 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    September 2017

Proudly powered by Weebly
  • Home
  • Doing Business
  • News
  • Events & Announcements
  • Feature
  • Gallery
  • Contact
  • Press Releases