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Taiwan's Foreign Investment Falls Sharply in January
Foreign investments in Taiwan declined sharply by over 55 percent in January, according to a Taiwanese media Thursday.
Compared with the same period last year, foreign investment in Taiwan in January dropped 55.5 percent to US$223.63 million, and the decrease was probably due to delayed investment applications by foreign companies during the Lunar New Year holidays, the local authorities were cited as saying.
Investments in China's mainland by Taiwan businesses also decreased 10 percent for the month, down to US$287.26 million. And investment in Taiwan from the United States, Japan, and Singapore all showed negative growth in January.
However, outbound investment in Taiwan totaled US$520.47 million for the month, for a 17.5 percent increase over the previous January, the media reported.
Major outbound investments in January included an investment of US$250 million by Yageo Corp. in supporting Yageo Holding Bermuda Ltd..
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