Taiwan receives pledges of US$5.3 billion in investment

Focus Taiwan
Date: 2016/10/03
By: Huang Chiao-wen and Lilian Wu

Taipei, Oct. 3 (CNA) Sixty-six companies expressed the willingness to invest a total of NT$166 billion

President Tsai Ing-wen attends the opening of the conference.

President Tsai Ing-wen attends the opening of the conference.

(US$5.3 billion) in Taiwan over the next three years at the 2016 Taiwan Business Alliance Conference held in Taipei on Monday, the Ministry of Economic Affairs said.

The potential investment, 6.4 percent more than the amount pledged last year, is expected to create 15,458 jobs, the ministry said.

The ministry signed letters of intent with 20 of the companies for investments totaling NT$105 billion over the next three years.

Vivian Lien (連玉蘋), director-general of the MOEA’s Investment Commission, said the United States had the most companies pledging investment with 22, followed by Europe and Japan with 20 and 18, respectively.     [FULL


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