President Lai Proposes NT$100B Plan for SMEs; MOEA Head Says Legal Framework is Being Considered
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Taiwan's President Lai Ching-te announced on May 20th a plan worth NT$100 billion to accelerate the upgrade and transformation of small, medium, micro, and traditional enterprises. Minister of Economic Affairs Kung Ming-hsin stated this is a positive policy direction to spread the fruits of economic growth from the high-tech sector to all industries. He added that the Ministry of Economic Affairs will devise specific measures, while the Executive Yuan is considering institutionalizing the plan through legislation.