Decline in foreign direct investment linked to virus
Foreign direct investment (FDI) in the first 10 months of this year totaled US$5.27 billion, down 28.25 percent year-on-year, the Investment Commission said yesterday. The number of approved cases also fell 23.12 percent from a year earlier to 2,230, it said. The commission attributed the decline to the effects of the COVID-19 pandemic, which put a damper on foreign investment in Taiwan. <strong>PANDEMIC</strong> “COVID-19 continues to affect investment, including business travel and economic activities. This caused FDI to slide both in terms of the number of cases approved and...