March 12, 2020 / 9:58 AM / 25 days ago

Taiwan says another $1.3 bln available to stimulate economy

TAIPEI, March 12 (Reuters) - Another almost T$40 billion ($1.33 billion) is available to stimulate Taiwan's economy on top of a previous T$60 billion package, President Tsai Ing-wen said on Thursday.

The government will also make every effort to stabilise the financial markets, but the fundamentals of Taiwan's domestic economy are still good with sufficient funds, she told a meeting of the National Security Council, according to a statement from her office.

$1 = 30.0920 Taiwan dollars Reporting by Ben Blanchard; editing by John Stonestreet

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