Taiwan was ranked the world’s fourth-best investment destination in a report released last week by US-based Business Environment Risk Intelligence SA (BERI), down one notch from its previous ranking.
Taiwan garnered a profit opportunity recommendation (POR) of 61, ranking fourth among the 50 major countries assessed by BERI, which uses POR to gauge whether the business environment merits investment.
ASIA RANKING
Photo: Billy H.C. Kwok, Bloomberg
Taiwan finished behind Switzerland, Norway and South Korea in BERI’s first report of this year, but ahead of Singapore (sixth), China (12th), Japan (14th), Indonesia (17th), Malaysia (20th), Vietnam (22nd), the Philippines (23rd), India (24th) and Thailand (39th).
Each year, BERI issues its report in April, August and December.
Three key indicators are used by BERI to assess a country’s investment risk: operations risk, political risk, and a remittance and repatriation factor.
Taiwan remained third for operations risk, sharing the spot with Australia and following the US and Switzerland.
POLITICAL RISK
Regarding political risk, Taiwan finished 21st, down seven spots from the previous report in December last year.
It also finished seventh in Asia, behind Singapore, China, South Korea, Japan, Vietnam and Indonesia.
BERI forecast that Taiwan would fall to 24th in the political risk category by next year.
In the remittance and repatriation category, Taiwan retained the world’s top spot with a score of 80.
It also led the world in the category’s four subindices: accumulated international reserves, foreign-exchange generation, foreign debt assessment and legal framework.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to
PRECEDENTED TIMES: In news that surely does not shock, AI and tech exports drove a banner for exports last year as Taiwan’s economic growth experienced a flood tide Taiwan’s exports delivered a blockbuster finish to last year with last month’s shipments rising at the second-highest pace on record as demand for artificial intelligence (AI) hardware and advanced computing remained strong, the Ministry of Finance said yesterday. Exports surged 43.4 percent from a year earlier to US$62.48 billion last month, extending growth to 26 consecutive months. Imports climbed 14.9 percent to US$43.04 billion, the second-highest monthly level historically, resulting in a trade surplus of US$19.43 billion — more than double that of the year before. Department of Statistics Director-General Beatrice Tsai (蔡美娜) described the performance as “surprisingly outstanding,” forecasting export growth
RSS