Inward FDI down 11.4% year-on-year

TAIPEI, Taiwan -- Inward foreign direct investment (FDI) approved by the government was down in the first half of 2008 while registered outward FDI grew by nearly 60 percent during the same period, according to a report released by the Ministry of Economic Affairs.

During the first six months of this year, registered inward FDI totaled US$3.72 billion, a drop of 11.4 percent year-on-year, while registered outward FDI grew by 59.86 percent to reach US$2.27 billion, statistics from the ministry’s Investment Commission showed.

New securities issued overseas by Taiwan-based listed companies amounted to US$618 million during the same period, and foreign investors remitted a net amount of US$12.38 billion into Taiwan for investment in the stock market, according to data from the Securities and Futures Bureau under the Financial Supervisory Commission.

In terms of major China-bound investment projects worth over US$200,000, a total of 309 such projects were approved by the commission during the first half of this year, with a total value of US$4.77 billion, the report said.

Although the number of such projects decreased 39 percent compared with the same period last year, their total value marked a year-on year increase of 30.81 percent, the report said.

The approved projects included 43 investments worth US$997.54 million in June, it said.

For China-bound projects worth under US$200,000, Taiwanese businesses registered 129 such investments worth US$16.7 million in the first half of the year, according to the report.

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