Taiwan to Offer Further $5 Billion in Loans to Support Domestic Investment | Investing News | US News

A man crosses the street while wearing a protective mask following the recent rise in coronavirus disease (COVID-19) infections in Taipei, Taiwan June 2, 2021. REUTERS/Ann Wang/Files Reuters TAIPEI (Reuters) – Taiwan’s Cabinet said on Thursday the government plans to offer a further T$150 billion ($5.34 billion) in loans as part of a programme to encourage the island’s companies to keep investing at home. Taiwan has been encouraging its firms to invest at home, having seen companies flock back to the island during the China-U.S. trade war, to avoid being affected by punitive tariffs both of those countries have imposed…