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Government announces subsidies for typhoon damaged businesses
President Lai Ching-te has been visiting areas in northern Taiwan hit hard by torrential rains brought by Typhoon Krathon.
Lai was visiting New Taipei with Mayor Hou Yu-ih and other politicians from both the DPP and KMT. They walked around sites in New Taipei's neighbouring Wanli and Jinshan districts that suffered flooding caused by heavy rains. During the tour, Lai spoke to market vendors, and also stopped inside a temple.
He praised the hard work of the local government for enabling the community to "return to normal life in the short time of just over a day" following the subsiding of the floodwaters.
Meanwhile, economics minister Kuo Jyh-huei has announced measures aimed at helping local vendors return to business as usual.
Kuo said affected businesses can receive subsidies covering 50% of the cost of energy-efficient appliances worth up to NT$500,000 to help replace flood-damaged equipment.
The Ministry of Economic Affairs will also fund interest relief on loans worth up to NT$500,000 for six months to assist businesses that need to restock spoiled goods.
