Incentives attract NT$2.62 trillion in investmentBy Meryl Kao / Staff reporterThree government incentive programs launched in 2019 to encourage Taiwanese and foreign firms to invest in Taiwan have attracted NT$2.62 trillion (US$83.65 billion) in combined pledged investment from 1,712 companies and created more than 164,500 jobs as of Friday last week, the Ministry of Economic Affairs said yesterday. The extension is expected to attract an additional NT$1.2 trillion in investment and create about 80,000 more jobs, bringing the total accumulated investment under the programs to at least NT$3.6 trillion, Department of Investment Promotion Deputy Director Rio Lu (呂貞慧) told a news conference in Taipei. Regarding international investment promotion, the ministry secured 25 foreign investment cases in Taiwan last year, with the companies involved expected to invest about NT$160 billion over the next three to five years, she said. The ministry aims to raise the number of investment cases and the total investment value further this year, Lu said. The ministry will continue to help shape industry advantages this year through the three programs to build a more competitive investment environment, Lu said.
