FORMER VICE-PRESIDENT TIPS 4% GROWTH FOR TAIWAN

TAIPEI - Taiwan's economic growth could increase to more than 4% in 2013 if more emphasis was placed on investment and consumption, according to former Vice President Vincent Siew. He believes the economy can perform better than the Government's forecast of 3.59% growth – which compares with just 1.26% in 2012. Siew said he had seen an increase in investment activities in the private sector, and that this will be followed by an uptick in consumption. The former Economics Minister said Taiwan's finance industry should be expanded to contribute more to GDP.