November 28, 2006
The Ministry of Economic Affairs (
MOEA) has set a year-end goal of
NTD 990 billion for private investment. The goal is based on assessments by the
MOEA that show that new private investment projects in 2007 could be worth up to
NTD 963.1 billion.
Private investment rebounded in the second half of the year, due to rising production in the semiconductor industry, said Hu Sheng-cheng, chairman of the Council for Economic Planning and Development (CEPD).
According to the Directorate General of Budget Accounting and Statistics (DGBAS), private investment would grow by 5% in the July-Dec period, accounting for an 0.53% rise for the year.
Hu also cited an
MOEA survey which showed that 28.1% of domestic companies have either already increased their investment or plan to do so -- a 5.1% increase over a similar survey held in Oct. last year.
Foreign investment totaled
USD 10.7 billion from Jan. to Oct. this year, a record high for this period, according to
MOEA statistics.
(Central News Agency, Taipei Times)
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