Taiwan Plans 13B Energy Spending
Taiwan plans to spend 415 billion Taiwan dollars to help state energy firms absorb soaring costs from global price surges. The funds will support Taipower and CPC to maintain domestic price stability.
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Taiwan plans to spend T$415 billion ($13.0 billion) this year to help state-backed utilities absorb soaring costs driven by Middle East conflicts. The fiscal package aims to shield consumers from surging global prices for Natural Gas and Brent Crude Oil while keeping inflation in check.
