Taiwan’s foreign direct investment (FDI) moved into positive territory last year, while global FDI fell 18 percent, according to a report published on Wednesday.
The Global Investment Trends Monitor report, published by the UN Conference on Trade and Development (UNCTAD), did not specify the value of FDI flow in Taiwan last year, but a UNCTAD representative said it was about US$3.9 billion.
The figure was a dramatic improvement from 2011, when Taiwan’s outflow of FDI exceeded its inflow by US$1.96 billion, according to UNCTAD statistics.
Global FDI dropped 18 percent to an estimated US$1.3 trillion due mainly to macroeconomic fragility and policy uncertainty, the report said.
In Asia, almost all the major economies recorded positive FDI figures, despite a decline in inflows.
Hong Kong’s FDP fell 24.6 percent to US$72.5 billion last year, South Korea’s dropped 11.9 percent to US$9 billion and Singapore’s dipped 15.1 percent to US$54.4 billion.
Meanwhile, China recorded an FDI of US$119.7 billion, second only to the US’ US$146.7 billion, which was down by US$80 billion, the report said.
Japan’s struggling economy remained in negative territory, with an FDI deficit of US$400 million last year, which nonetheless was a slight improvement from minus-US$1.8 billion in 2011.
Most EU countries saw significant drops in FDI flows, with the total falling by about US$150 billion. In contrast, FDI flows to developing economies, for the first time ever, exceeded those to developed economies by about US$130 billion, the report said.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS