Taiwan to boost spending by US$7.5 billion as Covid-19 cases rise

May 13, 2021 | INVESTING

Taiwan’s government on Thursday proposed an extra NT$210 billion (US$7.5 billion) in spending to help the economy deal with the Covid-19 pandemic, as it reported 13 new domestic cases amid a rare spike in infections that has spooked the stock market.Early and effective prevention steps, including largely closing its borders, succeeded in shielding Taiwan from the worst of the pandemic. The island of 24 million people has reported just 1,256 infections so far, most of them imported.But markets…

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