Taiwan was ranked as the third-best investment destination, alongside South Korea, in the lastest report by the US-based Business Environment Risk Intelligence SA (BERI), the Ministry of Economic Affairs said yesterday.
BERI also gave Taiwan the highest score for foreign exchange risk, making it the most secure nation in the world regarding foreign exchange.
The report showed Taiwan scored a profit opportunity recommendation (POR) — a gauge that BERI uses to evaluate a nation as an investment destination — of 62, up one point from 61 in its May and August reports.
Photo: Huang Pei-chun, Taipei Times
Taiwan retained its third-place ranking from the two earlier reports, although South Korea tied with it after improving from 60 in August and 58 in May.
Switzerland topped the latest list, with a POR of 68, followed by Norway, with a POR of 63. Finland and Singapore followed in fourth place with a POR of 56.
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.
Taiwan scored 60 in operating conditions, placing it third; 46 in political risk, ranking it 14; and 80 in foreign exchange risk, putting it in first place.
The report projected that Taiwan’s POR would increase to 67 in 2025, allowing it to retain its third-place ranking alongside South Korea.
Elsewhere in Asia, Japan scored 51 points, placing it 14th in the world; China scored 50, putting it in 16th place; Indonesia scored 48 to come in at 18th; the Philippines scored 44 for 23rd place; India scored 43, coming in at 24th; and Thailand scored 35 to place at 39th.
Fifty countries were included in the report, with Venezuela placing last with a POR of 20. The global average POR is 44.
BERI releases three reports each year, the ministry said.
DEFENSE: The first set of three NASAMS that were previously purchased is expected to be delivered by the end of this year and deployed near the capital, sources said Taiwan plans to procure 28 more sets of M-142 High Mobility Artillery Rocket Systems (HIMARS), as well as nine additional sets of National Advanced Surface-to-Air Missile Systems (NASAMS), military sources said yesterday. Taiwan had previously purchased 29 HIMARS launchers from the US and received the first 11 last year. Once the planned purchases are completed and delivered, Taiwan would have 57 sets of HIMARS. The army has also increased the number of MGM-140 Army Tactical Missile Systems (ATACMS) purchased from 64 to 84, the sources added. Each HIMARS launch pod can carry six Guided Multiple Launch Rocket Systems, capable of
Tropical Storm Podul strengthened into a typhoon at 8pm yesterday, the Central Weather Administration (CWA) said, with a sea warning to be issued late last night or early this morning. As of 8pm, the typhoon was 1,020km east of Oluanpi (鵝鑾鼻), Taiwan’s southernmost tip, moving west at 23kph. The storm carried maximum sustained winds of 119kph and gusts reaching 155kph, the CWA said. Based on the tropical storm’s trajectory, a land warning could be issued any time from midday today, it added. CWA forecaster Chang Chun-yao (張竣堯) said Podul is a fast-moving storm that is forecast to bring its heaviest rainfall and strongest
GET TO SAFETY: Authorities were scrambling to evacuate nearly 700 people in Hualien County to prepare for overflow from a natural dam formed by a previous typhoon Typhoon Podul yesterday intensified and accelerated as it neared Taiwan, with the impact expected to be felt overnight, the Central Weather Administration (CWA) said, while the Directorate-General of Personnel Administration announced that schools and government offices in most areas of southern and eastern Taiwan would be closed today. The affected regions are Tainan, Kaohsiung and Chiayi City, and Yunlin, Chiayi, Pingtung, Hualien and Taitung counties, as well as the outlying Penghu County. As of 10pm last night, the storm was about 370km east-southeast of Taitung County, moving west-northwest at 27kph, CWA data showed. With a radius of 120km, Podul is carrying maximum sustained
TRAJECTORY: The severe tropical storm is predicted to be closest to Taiwan on Wednesday and Thursday, and would influence the nation to varying degrees, a forecaster said The Central Weather Administration (CWA) yesterday said it would likely issue a sea warning for Tropical Storm Podul tomorrow morning and a land warning that evening at the earliest. CWA forecaster Lin Ting-yi (林定宜) said the severe tropical storm is predicted to be closest to Taiwan on Wednesday and Thursday. As of 2pm yesterday, the storm was moving west at 21kph and packing sustained winds of 108kph and gusts of up to 136.8kph, the CWA said. Lin said that the tropical storm was about 1,710km east of Oluanpi (鵝鑾鼻), Taiwan’s southernmost tip, with two possible trajectories over the next one
RSS