In the News

Private investment continues to pick up steam

• Publication Date：07/29/2010
• Source： Taiwan Today
• By  Meg Chang

The ROC government is on track to hitting its private investment promotion target for 2010, according to the Industrial Development Bureau under the Ministry of Economic Affairs July 28.

The latest IDB data shows that for the first half of the year, private investment approved by the MOEA’s Investment Commission surged by 86.04 percent from 2009 to NT$574.1 billion (US$17.9 billion).

While this figure is 54.82 percent of the anticipated NT$1.047 trillion yearly figure, it is 22.4 percent short of the NT$740.2 billion recorded in 2008.

An unnamed IDB official said private investment in all of Taiwan’s major sectors remains on target, including electrical equipment, electronics, energy, information technology, metals, retail and services.

Industries directly related to everyday living, such as food manufacturing, textiles and petrochemicals, were the top performers, achieving 63.97 percent of the IDB’s upwardly revised figure of NT$340 billion.

“Ongoing consultations with the private sector reveal that local businesses remain optimistic about Taiwan’s economic outlook,” the official said. “On this basis, the 2010 target appears highly attainable.” (JSM)

Write to Meg Chang at meg.chang@mail.gio.gov.tw