Taiwan has become the third-best investment destination after it moved up a place in a global ranking, according to a triannual report by US-based Business Environment Risk Intelligence SA (BERI), the Ministry of Economic Affairs said yesterday.
Taiwan scored a profit opportunity recommendation (POR) — a gauge BERI uses to evaluate a nation as an investment destination — of 61 in the report, which recommended that investors increase holdings on the local equity market, the ministry said in a statement.
BERI uses three main indicators to assess investment risk: operating conditions (operations risk), political risk and foreign exchange and external accounts position (remittance and repatriation factor) risk.
Switzerland and Norway topped the list with a POR of 71 and 62 respectively in the survey of 50 nations, which is issued in April, August and December.
In Asia, Taiwan remained the No. 1 investment destination, ahead of Singapore and South Korea, which were both given a POR of 58, the ministry said.
Japan ranked 11th on the list with a POR of 54, while Malaysia and Indonesia ranked 14th and 18th with a POR of 50 and 48 respectively, BERI data showed.
India and Vietnam tied for 20th with PORs of 47.
With a POR of 45, China ranked 23rd on the list, and the Philippines ranked 26th with a POR of 43.
Taiwan is expected to retain its ranking until 2025 with a higher POR of 67, the ministry said, citing the report’s forecast.
Dutch brewing company Heineken NV yesterday said that it has reached an agreement to acquire a subsidiary brewery of Taiwan’s Sanyo Whisbih Group (三洋維士比集團). Heineken is to assume majority ownership and management rights of the Long Chuan Zuan Co (龍泉鑽興業) brewery in Pingtung County’s Neipu Township (內埔), the Dutch company said. It would become the first multinational brewing company to operate brewery in Taiwan once the acquisition is completed. The deal has been approved by the Ministry of Economic Affairs’ Investment Commission, but details of the financial transaction cannot be disclosed at this time, as terms of the settlement have not been completed,
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