Taiwan has retained its ranking as the fourth-best investment destination in the world, the Ministry of Economic Affairs said on Friday, citing a report issued by US-based Business Environment Risk Intelligence SA (BERI).
Taiwan had a profit opportunity recommendation of 64, slipping from 65 in the previous report in April due to the political climate, the ministry said, citing the report.
The profit opportunity recommendation is an overall indicator used by BERI to evaluate countries as an investment destination.
Switzerland remained at the top of the list with a profit opportunity recommendation of 74, followed by Norway (69) and Singapore (65), while Japan (62) was fifth, the report said.
The list is based on three main indicators used to assess investment-related risks: operations risks, political risks and remittance and repatriation factor risk.
In terms of operations risk, Taiwan scored 65, beating all other Asian nations except India, which had the same score.
It scored well on aspects such as administration efficiency, economic growth, inflation and currency supply, which put the nation fourth globally, the report said.
Switzerland also topped the operations risk index with 71 points, ahead of the US (68) and Australia (66), while among other Asian nations, South Korea ranked 10th globally, Singapore was 12th, Japan was 32nd and China was 42nd.
However, Taiwan slipped to seventh among Asian nations on the political risk index, scoring 44 points, and was 20th globally alongside Malaysia.
Japan was third globally on 65 points, followed by Singapore (63) and China (58) in fifth.
Taiwan topped the global repatriation factor index with 84 points, as the nation is considered strongest in terms of international reserves, foreign exchange and foreign debt.
Among other Asian nations, South Korea (78) and Japan (77) were close behind.
Overall, the report gave Taiwan’s general investment climate a “1B” rating, meaning its equity market is good for long-term investment.
Taiwan is expected to be the seventh-best investment destination worldwide by 2024, although its overall profit opportunity recommendation score is expected to rise to 66 points, the report said.
Additional reporting by CNA
Polytronics Technology Corp (聚鼎科技) yesterday announced that it is buying Henkel AG’s thermal clad dielectric material (TCLAD) business division for US$26 million as the Taiwanese firm aims to improve its technology, product portfolio and revenue performance. Polytronics, headquartered in the Hsinchu Science Park (新竹科學園區), is a supplier of protection components and heat dissipation materials. The firm entered the metallic heat-dissipation substrate market in 2007 and developed a unique solventless production process. Its board of directors approved signing an agreement with Henkel to acquire the German chemical firm’s TCLAD division in the US. The purchase includes all assets and business interests, including equipment,
SIZE MATTERS: Medium-sized hotels that do not have the support of parent groups are more vulnerable and are forced to take action, a REPro Knight Frank researcher said About 50 hotels across Taiwan are seeking to exit the market as they succumb to the bleak business outlook amid international travel restrictions imposed to combat the COVID-19 pandemic. Yomi Hotel (優美飯店) on Minsheng E Road, Sec 1, in Taipei is seeking to transfer ownership with an asking price of NT$950 million (US$32.15 million) and a pledge for a lease contract that guarantees a 3 percent return. The budget hotel, with room rates that start from NT$1,400 per night, maintains normal operations, but has been struggling since March, when the government placed restrictions on inbound and outbound travel. Occupancy rates for hotels in
With the US dollar expected to weaken in the next 12 months due to near-zero interest rates, investors should consider purchasing US corporate bonds, Standard Chartered Bank Taiwan Ltd (渣打台灣銀行) said on Thursday. The bank said that the US Federal Reserve since last month has been buying bonds issued by US companies to curb default rates. The US dollar is forecast to be weaker against the pound, the euro and the yen, as well as the Canadian dollar, the Swedish krona and the Swiss franc, as the greenback lacks high investment returns after the Fed in March slashed the benchmark interest rate
A Bollywood actor’s face tattooed on his arm, Sandeep Bacche’s devotion shocks few in India where stars enjoy semi-divine status, but even there the hallowed silver screen might be losing its shine to streaming services and pandemic fears. “Whenever things get better and theaters begin operations, I will watch three movies a day for sure just as a way to celebrate,” said the Mumbai rickshaw driver, who is recovering from the virus himself. However, others might not join the party. With cinemas shut for months due to a COVID-19 lockdown, and little prospect they will reopen soon, frustrated Bollywood producers have turned to