Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers

http://www.businessweek.com/news/2013-01-08/taiwan-aims-for-nt-150-billion-of-returning-investment-in-2013

Bloomberg News

Taiwan Aims for NT$150 Billion of Returning Investment in 2013

January 08, 2013

Taiwan said it will seek to lure NT$150 billion ($5.17 billion) in returning investment in 2013 from Taiwanese companies with overseas operations, as PresidentMa Ying-jeou strives to bolster economic growth.

The island will provide benefits such as lower tariffs on equipment imports and higher quotas for hiring foreign workers to achieve the goal, Duh Tyzz-Jiun, deputy minister at the Ministry of Economic Affairs, said in Taipei today.

Ma’s government aims to spur an economy that the International Monetary Fund estimates expanded 1.3 percent last year, the weakest pace since the 2009 global recession. The president said yesterday that Taiwan will try to liberalize its business environment and deepen international trade links.

The island has so far approved eight applications for returning investment, including from Largan Precision Co. and Catcher Technology Co., worth a total of NT$110 billion over three years and adding 15,000 jobs, according to the ministry.

The government originally outlined objectives for attracting investment last year.

To contact the reporter on this story: Adela Lin in Taipei at alin95@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus