Taiwan remains third in the latest Profit Opportunity Recommendation report released by U.S.-headquartered Business Environment Risk Intelligence SA. (Staff photo/Chin Hung-hao)
Taiwan retained its third spot ranking among 50 major economies surveyed in the latest Profit Opportunity Recommendation report by U.S.-based Business Environment Risk Intelligence SA.
Scoring 62 out of 100 in the triannual report, Taiwan tied with South Korea and trailed behind only Switzerland, 68, and Norway, 63. It outperformed Singapore, 56; Japan, 51; China, 50; and Malaysia, 46.
Taiwan’s third-best 1C ranking was assessed on the basis of its performance in three indexes: Operations Risk, Political Risk, and Remittance and Repatriation Factor. Switzerland was the only country to earn the top 1A rating, while no economy received the second best IB rating.
The country’s results included first in remittance and repatriation and third in operations behind the U.S. and Switzerland, in that order.
Of the 15 subindexes comprising operations, Taiwan placed first in long-term loans/venture capital, second in labor cost/productivity and professional services/contracts, and third in currency exchange and communications/transportation.
Taiwan’s continued lead in remittance and repatriation comes on the back of its record-high merchandise trade surplus of US$7.46 billion in October, alongside an influx of US$604 million in foreign direct investment as of the same month.
Of the four subindexes used to calculate remittance and repatriation, Taiwan topped in accumulated international reserves, foreign debt assessment, foreign exchange generation and legal framework. (SFC-E)