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Taiwan – Stimulus vouchers set to boost employment and wages in Q4 (Taiwan News)

24 September 2021

The launch of Taiwan’s ‘Quintuple Stimulus Vouchers’ will boost employment and wages during the fourth quarter of 2021, reports Taiwan News, citing survey data from job board yes123. According to the survey, the voucher programme will not only boost consumption but will also make businesses consider hiring more employees and raising wages. A total of 44% of the companies participating in the survey said they were planning to hike salaries, while 73% were considering hiring staff during the final quarter of 2021. The manufacturing, technology, and wholesale sectors were the most likely to come up with the positive measures, the poll found. Registration for the digital version of the TWD 5,000 (USD 180) coupons began this week with more than 1.6 million people linking their vouchers to credit cards, mobile payment services, or stored value cards.