February 16, 2005
The
MOEA Investment Commission approved a total of 1,149 foreign investment projects in Taiwan with a combined value of
USD 3.95 billion in 2004. The commission also approved 658 Taiwanese overseas investment projects, totaling
USD 3.38 billion.
The number of foreign investment projects in Taiwan rose 6.59% on the year in 2004, while the value of these investments increased 10.55%. The growth in foreign investment is mainly attributed to the loosening of world financial markets, the global economic recovery and government efforts to attract foreign investment to Taiwan.
Nearly 70% of last year's foreign investment was funneled into the electronics manufacturing industry, the financial and insurance sector, and the wholesale and retail sector; these sectors accounted for 33.45%, 20.47% and 15.24% respectively of foreign investment in Taiwan. The distribution of this investment is reflective of Taiwan's industrial structure.
The commission reports that the number of Taiwanese overseas investment projects it approved in 2004 declined by 7.84% compared to 2003, while the combined value of this investment fell 14.78%. The greatest portion of Taiwan's investment overseas, 39.02%, went into the financial and insurance sector (mostly to investment holding companies). Electronics manufacturing received 33.91% of this investment, while the wholesale and retail sector got the third largest portion at 5.48%.
The commission notes that United Microelectronics Corp.'s investment of
USD 750 million in Singapore's UMCI Ltd. led to Taiwan earning the ranking as the second largest foreign investor in Singapore in 2004, up from the twelve place spot the previous year.
(Central News Agency)
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