Reported 8 months ago
According to the Financial Supervisory Commission's announcement on June 22, 2024, there was a net inflow of 11.72 billion US dollars from foreign and mainland Chinese investments in May 2024, equivalent to nearly NT$380 billion, marking the largest net inflow in history. This has increased the total foreign investment balance in Taiwan to a new high of 271.1 billion US dollars, or nearly NT$8.8 trillion, close to surpassing the NT$9 trillion mark. In the first four months, total loans from domestic banks increased by 1.426 trillion, reaching a new high in the same period, accounting for nearly 80% of the total new loans in the previous year. The export in May increased by 3.5% year-on-year to $37.36 billion, marking the seventh consecutive month of growth but lower than expected, mainly driven by AI business opportunities. The inflation rate in May hit a three-month high of 2.24%, largely due to rising vegetable prices and a minor decrease in egg prices. Additionally, rental prices in May saw a year-on-year increase of 2.6%, the highest in nearly 28 years.
Source: YAHOO