As of Sept. 14, the ministry had approved about NT$301.7 billion in repatriated overseas funds, including NT$180 billion from for-profit enterprises and NT$121.7 billion from individuals, the ministry said in a statement. “As the approval of repatriation applications takes time, and the repatriation and investment undergo certain procedures, the repatriation and investment amounts will likely continue to increase,” the ministry said. “However, with full cooperation between the Ministry of Finance, the Ministry of Economic Affairs, the Financial Supervisory Commission and the central bank, the results of implementing the overseas funds repatriation law are in line with expectations and inject energy into the domestic economy,” it said. Apart from the repatriation law, the return of Taiwanese manufacturers and policy efforts to facilitate domestic investment have also reignited Taiwan’s economy over the past two years, government officials and economists have said. The investments are expected to create 113,775 jobs, the ministry said in a statement on Friday, after it had approved the plans of four more companies.

Source: Taipei Times September 26, 2021 15:56 UTC