Updated Sunday, June 21, 2009 10:02 am TWN, CNA

Jan.-May inward foreign direct investment down 45%

TAIPEI, Taiwan -- Inward foreign direct investment (FDI) approved by the government in the first five months of 2009 amounted to US$1.67 billion, down 44.91 percent from the year-earlier level, according to a report released Friday by the Ministry of Economic Affairs.

In May alone, approved inward FDI plunged 80.23 percent year-on-year to US$165.35 million, statistics from the ministry's Investment Commission show.

Meanwhile, registered outward FDI soared 71.2 percent year-on-year to US$392.73 million in May, but showed an overall drop of 55.87 percent for the first five months of the year, amounting to US$943.14 million.

In terms of China-bound investment, the amount approved in May was US$301.88 million, down 71.5 percent year-on-year, while US$1.35 billion was approved for the Jan.-May period, a decrease of 65.03 percent year-on-year, according to the report.

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