June 27, 2001 at 08:00 PM
NU Online News Service, June 27, 2:25 p.m. – Taiwan’s government has increased the ceiling on an insurance company’s investments in the country’s real estate market to 30% of total investments, from 19%, according to the Commercial Times, a Taiwanese business daily.
The government is making the change in an effort to shore up the country’s real estate market by funneling funds into it from insurers, the newspaper says. The Taiwanese government has also revised its regulations to allow insurers to invest their funds in the banking, securities and futures markets.
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