By Liao Yu-yang and Frances Huang
Taipei, Dec. 26 (CNA) Investments pledged for Taiwan grew about 25 percent from a
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]