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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Taiwan hands out vouchers in bid to lift faltering economy AFP - 2 hours 33 minutes ago TAIPEI (AFP) - - Taiwan started handing out shopping vouchers to each of the island's residents on Sunday, as part of a 2.5-billion-dollar scheme aimed at boosting the island's flagging economy. Government employees began distributing the vouchers at more than 14,000 locations island-wide early in the morning. Every one of the island's 22.7 million citizens are entitled to the vouchers, worth 3,600 Taiwan dollars (107 US) per person, regardless of age. The idea for the vouchers, which can be spent on goods ranging from food and clothing to electronic appliances, was first raised in November last year. Supporters of the plan have said it should give the island's sagging economy a much needed shot in the arm, while critics have labeled it a waste of money, with the costs estimated at 85 billion Taiwan dollars (2.53 billion US). The plan, proposed by the island's top economics planning body, the Council for Economic Planning and Development, is based on a similar initiative launched by Japan in 1999. Among other moves to prop up the island's economy, Taiwan's central bank has cut the cost of borrowing six times in the past three months. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific 100 in Hong Kong protest Israeli attacks on GazaAP - 38 minutes ago Zimbabwe's first lady allegedly hits photographer in HKAFP - 59 minutes ago Japan PM: Will fight to enact economic measuresAP - 1 hour 36 minutes ago Lance Armstrong has high hopes for ObamaAP - 1 hour 52 minutes ago Malaysia government stumbles to another poll defeatReuters - 1 hour 58 minutes ago Enlarge Photo Taiwan hands out vouchers in bid to lift faltering economy Most Popular – Asia Pacific Viewed Zimbabwe unveils $100 trillion banknote 'Dogs don't wear condoms,' says Baywatch star Anderson Boy George jailed for 15 months for imprisoning escort Israel prepares for ceasefire vote amid Hamas warning Hormone drives sexy women to infidelity, says study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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