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Government Moves Closer to Private Investment Goal: MOEA

August 1, 2006

Statistics recently released by the Ministry of Economic Affairs (MOEA) indicate that 701 new major domestic investment projects initiated in the first half of this year were worth a total of NTD 574.5 billion, making up 64% of the government's yearly goal for private investment.

Investment amounts were highest in electronics and IT, totaling NTD 352 billion; the second highest were the metals and machinery/electronics industries, which totaled NTD 123.7 billion, followed by the chemicals industry at NTD 68.7 billion; technical services at NTD 18.8 billion; and wholesale/distribution at NTD 9.8 billion.

The MOEA is currently consulting on and tracking 1,514 private investment cases, worth a total of NTD 1.853 trillion. There were 461 completed cases from Jan. to June this year; the Ministry estimates that 539 cases will be completed by year's end.

(Central News Agency)

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