Value of investment projects reaches 53% of annual target in first half of year

July 29, 2005

Taiwan posted 569 major investment projects with a combined value of NTD 459.47 billion in the first six months of the year, according to MOEA statistics. This value is already 53% of the MOEA's NTD 867 billion annual investment target for 2005. Minister of Economic Affairs Ho Mei-yueh says that the ministry will continue to provide necessary investment assistance the local enterprises and is putting all of its effort into removing obstacles to investment.

The ministry's figures show there have been fifteen major investment projects with a value of at least NTD 5 billion in the first half of the year. These projects add up to a total of NTD 287.929 billion. The largest of these projects include an NTD 72.764 billion project by AU Optronics, an NTD 41.188 billion project by Corning, and an NTD project by Chunghwa Picture Tubes.

(Central News Agency)

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