Parties urged to endorse Taipower's NT$100-billion budget, as suggested by business organizations.
Rewritten Article:
Hey there! Here's a scoop on some big business groups in Taiwan pushing for help with electricity costs. They've called on the government to dish out NT$100 billion (about US$3.31 billion) to Taiwan Power Co. (Taipower).
Why, you ask? Well, they reckon this money would help stabilize electricity prices, relieving financial pressures for businesses that are already struggling with US tariffs and exchange rate fluctuations. Plus, it'll help prevent wild fluctuations in commodity prices too[1][4].
But that's not all – these business groups are keen to protect industrial development and serve the greater good[1][4]. If things go according to plan, this financial injection would do just that, ensuring the smooth operation of industries and keeping the economy ticking over[1][4].
There's a catch, though. If Taipower continues losing big bucks, it could trigger a domino effect on the national and industrial economy[1]. So, preventing such a scenario is definitely on the agenda[1].
So, what's the hold-up? Well, late last month, the government proposed a NT$410 billion special bill to combat US President Trump's reciprocal tariff policy. This bill included a NT$100 billion injection for Taipower, but the main opposition Kuomintang (KMT) nixed the plan[3].
KMT caucus whip Fu Kun-chi even suggested that subsidies for Taipower could be proposed through a standard supplementary budget or another process[3].
At any rate, the eight major business groups backing this initiative include the Chinese National Federation of Industries, the General Chamber of Commerce, the Taiwan Electrical and Electronic Manufacturers' Association, and more[2]. They've got their eyes set on a stable energy future for Taiwan[1][4].
[1] Business groups want help with electricity costs, urge NT$100 billion government bailout for Taiwan Power Co., CNA[2] Eight major Taiwanese business groups urge gov't support for Taipower bill, news.yahoo.com[3] Kaohsiung mayor urges reviewed funding for Taipower to focus on energy conservation, CNA[4] Government funding for Taiwan's electricity sector, history and context, IEEFA - Institute for Energy Economics and Financial Analysis
- The business groups in Taiwan, such as the Chinese National Federation of Industries and the General Chamber of Commerce, are advocating for financial assistance to Taiwan Power Co. (Taipower) to the tune of NT$100 billion, as they believe this would streamline business finance issues by stabilizing electricity prices, thereby aiding industries in overcoming challenges posed by US tariffs and exchange rate fluctuations.
- In an effort to foster industrial growth and serve the greater good, these business groups are pushing for a financial injection to Taipower. They envision that this funds would not only maintain economic stability but also ensure smooth operation of industries and secure a steady energy future for Taiwan.
