Private Investments Slacken in Taiwan(2011/10)

October 24th, 2011 | Categories: 2011 | Tags:

Taiwan’s new private investment reached NT$94.8 billion in September, up 17.63% year-on-year but the figure represented 18% decline from NT$115.8 billion in August, indicating that private investments are slackening, due to uncertain economic outlook, according to the Ministry of Economic Affairs (MOEA).

In the first nine months this year, new private investments topped NT$929.6 billion, amounting to 85% of the whole-year target of NT$1.1 trillion.

Taiwan Semiconductor Manufacturing Corp. (TSMC) invested NT$37.9 billion in September, the largest among domestic investors, including NT$19 billion in solar-energy module, NT$11 billion in solid-state lighting, and NT$7.9 billion in solar-energy thin film.

In September, Formosa Plastics Group also invested NT$12 billion in renovating the pipelines in its petrochemical complex in Mailiao offshore industrial zone, in Yunlin County.

During the first nine months, the electronic and information technology industry was the champion investor, investing NT$442.1 billion. The biotech industry invested NT$25.626 billion during the period and the amount is expected to top NT$33 billion for the entire year, a record high, up from last year’s NT$30 billion. Biotech firms have invested aggressively, in order to tap the business opportunities associated with the medical reforms of mainland China and the U.S. Shih Yen-shiang, economics minister, reported yesterday (Oct. 18) that the government will support the formation of five flagship biotech firms with annual turnover exceeding NT$10 billion in next five years.

(by Philip Liu)
Source:http://cens.com/cens/html/en/news/news_inner_38124.html

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