Taisugar to offer land
State-run Taiwan Sugar Corp (Taisugar, 台糖) yesterday said it planned to offer a 1.2 hectare piece of land in Taipei with a floor price of NT$256 million (US$8.47 million) for a superficies deal with the aim to boost private investment, the firm said in a statement. Taisugar is set to release details of the bidding process today. The winning bidder will have the right to use the land for 20 years, while the contract can be extended to up to 50 years. The land will be available for both residential and commercial use, the company said. The result of the bidding will be announced on Feb. 21.
Foreign investment declines
Approved foreign and overseas Chinese investment in the nation totaled US$4.93 billion last year, down 11.25 percent year-on-year, according to statistics compiled by the Investment Commission of the Ministry of Economic Affairs on Monday. The commission attributed the decline to a high comparison basis from the previous year, saying that because the number of projects increased, it showed that foreign investors still see the local market in a positive light. In comparison, approved outbound investment excluding China totaled US$5.23 billion last year, down 35.39 percent year-on-year, the commission said. Approved Taiwanese investment in China totaled US$8.68 billion last year. The number of investment projects and amounts declined 3.08 percent and 20.5 percent respectively.