Friday, November 22, 2024
spot_img
spot_img
HomeLatest ArticlesBritish company launches NT$18 million recovery fund to help bars, restaurants in...

British company launches NT$18 million recovery fund to help bars, restaurants in Taiwan

TAIPEI, Taiwan, (Taiwan News) — Diageo Taiwan on Monday, June 29, announced Raising the Bar, an NT$18 million (US$610,542) program committed to supporting local bars, pubs, and restaurants as they welcome customers back for a full economic recovery following the coronavirus pandemic.

Raising the Bar builds on the London-based beverage alcohol company’s local initiatives to support communities in Taiwan, such as with its recent donation of NT$3 million to the Centers for Disease Control (CDC).

The commitment is part of alcoholic beverage powerhouse Diageo’s US$100 million set of programs to help pubs and bars recover from the coronavirus by supporting jobs and communities worldwide, including in the Taiwanese cities of Taipei, Taichung, and Kaohsiung; Hong Kong; India’s New Delhi and Mumbai; Sydney, Australia; and Shanghai, Beijing, Guangzhou, and Shenzhen in China. The program will kick off in July and run for two years.

“The pandemic has forced the closure of cities and the adoption of social distancing measures, and behaviors like panic buying have further increased the distance between people. Thanks to the front-line medical workers, the national mask team working around the clock, and the general public’s cooperation to prevent the spread of the virus, life in Taiwan now is relatively safe,” said Atul Chhaparwal, managing director of Diageo Taiwan, Hong Kong, and Macau.

He added that the company will also support these efforts and invest its resources in pursuit of a ‘return to normalcy.’

The Raising the Bar program in Taiwan will support qualified bars, pubs, and restaurants over a period of two years with targeted non-cash support needed for outlets to re-open and transition to business-as-usual free of charge. The hospitality industry lost an unprecedented amount of revenue over the last few months, and this has impacted many small- and medium-sized businesses as well as the livelihoods of millions of people.

“Pubs, bars, and restaurants are an integral part of our communities, and the revival of this sector is vital to the economy,” according to a press release from the company. “With Taipei, Taichung, and Kaohsiung as the target recipients of the ‘Raising the Bar’ program, Diageo Taiwan will help the island country transition to the post-pandemic era.”

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img
spot_img

Caribbean News

HEART/NSTA trust’s digital transformation strategy to be guided by five pillars

By Sherika Williams KINGSTON, Jamaica, (JIS) - The HEART/NSTA Trust’s ‘Digital First’ transformational strategy, which aims to enhance customer satisfaction and drive organisational efficiency, will...

Global News

Tata Power signs MoU with Asian Development Bank for US$4.25 billion to finance key clean energy power projects

SINGAPORE - Tata Power, one of India's leading integrated power companies, and the Asian Development Bank (ADB) have signed a Memorandum of Understanding (MoU) coinciding with...