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Taiwan's investment environment 3rd in world: BERI

2012/01/10 22:48:41

Taipei, Jan. 10 (CNA) Taiwan's investment environment ranked third among 50 countries in the world as of last December, according to the American rating company Business Environment Risk Intelligence (BERI).

BERI said Taiwan's political risk ranked sixth, one notch ahead of the previous rating, indicating that in spite of the heated election campaign, its political risk is seen as heading along a "stable" track.

Ling Chia-yuh, director of the Department of Investment Services under the Ministry of Economic Affairs, said the latest BERI ranking shows that Taiwan enjoys a stable investment environment even though the presidential and legislative election campaigns are ramping up to full steam ahead.

The report said Taiwan's operations risk ranked second, the same as in a report released in September, behind only Singapore.

According to BERI analysts, Taiwan's good ranking could be attributed to anticipated strong expansion in infrastructure investment in the coming two years and more incentives to speed up investment in that area.

An announcement by the Taiwanese authorities that from Jan. 1, mainland Chinese banks were permitted to buy into Taiwanese banking and financial holding stakes was a plus for Taiwan's business environment, BERI noted.

In terms of foreign exchange risk, Taiwan was ranked third after Singapore and Switzerland.

Norway shared the third overall ranking with Taiwan, which ranked second in Asia, with Singapore taking the number one spot, BERI said.

(By Lin Shu-yuan and S.C. Chang)
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