Foreign direct investment (FDI) fell 25.1 percent year-on-year in the first 10 months of the year to US$7.3 billion, the Investment Commission said yesterday.
Denmark-based Orsted Wind Power TW Holding A/S topped the list, with the government approving its plan to inject NT$18 billion (US$624.57 million) into its local wind power unit, Orsted Taiwan Ltd (沃旭能源), the commission said in a statement.
A total of 2,901 foreign investment projects were approved in the first 10 months, down 11.8 percent from a year earlier, it said.
The number of newly approved companies was 1,876, accounting for US$458 million in investments, it said.
The number of investment projects from countries that are part of the government’s New Southbound Policy was 448, down 17.5 percent year-on-year, with total investments reaching US$325 million, down 62.9 percent, it said.
The commission approved 83 investment cases from China during the period, a decline of 31.4 percent. However, in terms of value, total investments grew 36.9 percent to US$124 million.
As for outbound investments, 440 cases were approved in the first 10 months, down 22 percent, but up 19 percent in value to US$7 billion, the commission said.
Yageo Corp (國巨) led the list, investing US$1.4 billion in Yageo Holding Hungary LLC and US-based Kemet Corp. Fong Chun Formosa Fishery Co (豐群水產) followed, investing US$775 million in US-based Bumble Bee Foods, LLC.
There were 146 approved outbound investments to New Southbound countries, a decrease of 33.3 percent and 10.5 percent in terms of value to US$2.2 billion.
The commission approved 387 China-bound investments, down 22 percent year-on-year.
However, the amount surged 47 percent to US$4.8 billion, led by Grand Pacific Petrochemical Corp (國喬石化) with US$376 million.
With the speed cryptocurrency is emerging as the millennial generation’s alternative asset of choice in India, it is hard to imagine that just two years ago a couple of blockchain pioneers were briefly in police custody. Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old start-up, were arrested in late 2018. No, they had not pulled off a shady initial coin offering. Their “crime” was that they put up a kiosk in a mall in Bangalore where customers could swap bitcoin, ether or ripple for cash or vice versa. That was the whole point of unocoin, their crypto token exchange.
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