By Yu-huay Sun
Sept. 6 (Bloomberg) -- Taiwan's Cabinet will propose measures to boost stocks at its next weekly meeting on Sept. 11, the United Daily News reported, citing Vice Premier Paul Chiu.
Possible steps include cutting the securities transaction tax, narrowing the permitted range for daily stock-price fluctuations, and increasing government subsidies on some mortgage loans, the Taipei-based, Chinese-language newspaper said, without saying where it obtained the information.
Taiwan's Taiex index declined 1.6 percent yesterday, falling for a fifth day to its lowest since July 19, 2006. The measure has dropped 26 percent this year.
To contact the reporter on the story: Yu-huay Sun in Taipei ysun7@bloomberg.net
Saturday, September 6, 2008
Taiwan Cabinet Plans Stock-Boosting Measures, United Daily Says
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