Investments pledged for Taiwan up 25% in 2018: MOEA

Focus Taiwan
Date: 2018/12/26
By Liao Yu-yang and Frances Huang

Taipei, Dec. 26 (CNA) Investments pledged for Taiwan grew about 25 percent from a

Deputy Economic Affairs Minister Kung Ming-hsin (龔明鑫)

year earlier in 2018, indicating the government’s efforts to encourage foreign and local firms to invest paid off, Deputy Economic Affairs Minister Kung Ming-hsin (龔明鑫) said Wednesday.

Citing data compiled by the Ministry of Economic Affairs (MOEA), Kung said a total of NT$2.24 trillion (US$72.73 billion) worth of investments were pledged between Jan. 1 and Dec. 25 by investors, representing a 25 percent increase from NT$1.79 trillion in 2017.

The NT$2.24 trillion comes from 227 projects, each valued at more than NT$500 million, according to the MOEA.

Investments pledged by foreign investors totaled NT$504.90 billion, up 23.29 percent from a year earlier, while locally pledged investments rose 25.5 percent from a year earlier to NT$1.73 trillion, the data showed.    [FULL  STORY]

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