Taipei, Oct. 12 (CNA) Six foreign enterprises were recognized for their investment and contributions to Taiwan's economy Thursday and were awarded a total of NT$5 million (US$150,000) in prizes at a ceremony.
The six companies that won the "Best Investment Partner Award" are: AIG, Citigroup, Corning Display Technologies Taiwan, DuPont Taiwan, IBM Taiwan and Kuozui Motors.
"I want to thank these six companies for their investments, which have made such a vital contribution toward employment in Taiwan as well as to the development and upgrading of our industries," said Chen Ruey-long, head of the Ministry of Economic Affairs (MOEA).
Recognizing the important role direct foreign investment plays in a country's economy, the MOEA took the initiative to create the award.
"The presence of these six companies in Taiwan is, in fact, mutually beneficial [for investors and Taiwan]," Chen said, adding he still believes Taiwan is one of the best places for foreign investment in Asia.