Taiwanese firms’ investment pledges hit NT$830 billion

Focus Taiwan
Date: 2019/12/19
By: Ku Chuan and Evelyn Kao

Taipei, Dec. 19 (CNA) A slew of government incentives launched earlier this year to boost investment in

Taiwan have increased the amount of investment in the country pledged by Taiwanese firms to over NT$830 billion (US$27.51 billion), Premier Su Tseng-chang (蘇貞昌) said Thursday.

Su made the remarks after hearing a report by the Ministry of Economic Affairs (MOEA) at a Cabinet meeting that the projects have attracted 278 Taiwanese businesses that have pledged to invest a combined NT$833.2 billion in Taiwan.

The investment is expected to create 67,601 jobs and by the end of this year, it is estimated that paid-in investment will have reached NT$239.8 billion.

To help cushion Taiwanese businesses against the impact of the trade friction between the United States and China, the Executive Yuan launched an action plan Jan. 1 that allocated NT$20 billion in loans and subsidies to cover the 1.5 percent bank service charge for firms investing in Taiwan, Su said.    [FULL  STORY]