News dalla rete ITA

14 Ottobre 2020

Taiwan

INVESTORS RETURN NT$80 BILLION MORE THAN EXPECTED TO TAIWAN Premier Su Tseng-chang says total could reach NT$400 billion in August 2021

TAIPEI (Taiwan News) — Taiwanese investors overseas have returned NT$210 billion (US$7.32 billion) to the island nation since August 2019, exceeding the government target by NT$80 billion, Premier Su Tseng-chang (蘇貞昌) said Thursday (Oct. 8).By the second anniversary of the government program in August of next year, the total could reach NT$400 billion, the premier told the weekly Cabinet meeting, according tothe Liberty Times.To counter the potential negative fallout of the trade war between the United States and China, the government launched a program to attract funds from Taiwanese businesses active overseas. According to a report by the Ministry of Finance, 74 percent of the funds returned by businesses originated in offshore banking units, 14 percent came from Singapore, and 5 percent came from the British Virgin Islands.For private accounts, 82 percent was moved back from Hong Kong, 17 percent from Singapore, and 0.4 percent from the U.S. In Hong Kong’s case, investors might have seen Taiwan’s measures as a timely opportunity to leave political the upheaval behind, officials said.Su said the extra funds had contributed NT$17.5 billion in tax revenue, while NT$65 billion was being invested, providing a welcome boost to the country’s economy.By Matthew Strong, Taiwan News, Staff Writer2020/10/08 16:01 (ICE TAIPEI)


Fonte notizia: Organi di Stampa - Taiwan News