Taiwan green lights foreign investments
Taiwan's Investment Commission announced that it has confirmed its approval of five new investment projects during its latest application review. The approved projects total to an estimated amount of US$104 million.
Included in the approved investments is Jo Global Investment Pte. Ltd. from Singapore. The company plans to invest NT$1.03 billion, equivalent to US$34.44 million, into the Gold Century Paper Company of Taiwan.
Cayman Islands registered company Himax Imaging is investing NT$19.31 million for development of sensors and system chips. Another Pacific company, Desirable Returns Ltd. from the Virgin Islands, will invest an amount of NT$952 million in Taiwan's local real estate sector.
During the same meeting, several other Taiwanese investments were green-lighted. These newly approved investments comprised a total of over US$58 to be invested in neighboring China. The investments include of Taiwan Cement Corporation, which will invest in Liaoning province. Its rival, Asia Cement Corp, will invest in in the mainland as well.
A computer components manufacturer Primax Electronics Ltd. also secured approval to invest in China.