Taiwan boosts investment<\/p>\n
TAIPEI (AFP): Taiwan is to invest T$20 billion (US$618.7
\nmillion) in Southeast Asia, mainly in Malaysia, following a visit
\nby Taiwan Vice President Lien Chan to Kuala Lumpur last week, a
\nbusiness group leader said in remarks published yesterday.<\/p>\n
\"We prepare to form an investment company capitalized at 20
\nbillion Taiwan dollars,\" said Liu Tai-ying, chairman of the
\nruling Kuomintang's powerful business unit.<\/p>\n
Some $100 million may go to the Malaysian stock market, while
\nthe rest of the fund allocation is yet to be decided, he was
\nquoted as saying by United Daily News.<\/p>\n
\"Malaysia is more stable than other Southeast Asian countries
\nand it is an investment market,\" CDC spokeswoman Grace Fang said.
\nLiu is also the chairman of CDC, which coordinates the
\nestablishment of the planned holding company.<\/p>\n
Other than CDC, about 10 leading companies were expected to
\nchip in, including Shin Kong Life Insurance, Fubon Insurance,
\nChina Steel, Winbond Electronics Corp. and KMT-affiliated
\ncompanies, the newspaper report said.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/taiwan-boosts-investment-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}