MNCs in the News*

April 27th, 2014
Xi’an High-Tech Development Zone (HTDZ) spurs Johnson & Johnson subsidiary to build huge bio-pharmaceutical plant in Xi’an. Chinese Vice-Premier Wang Yang encourages Japanese business leaders to help improve China-Japan relations. Mitsubishi Heavy Industries to export missile part to US. Chinese litigants file first wartime labor compensation and damages case against Chinese-based subsidiary of Japanese company. Queensland Province (Australia) charges Singaporean firm with environmental violations.
April 13th, 2014
Strikes continue at Walmart’s Changde store. Japanese pharmaceutical company Daiichi sells its Indian drug holding Ranbaxy due to large losses linked to regulatory problems. Philip Morris blows out of Australia due to increasing stringent tobacco product regulations. China Airlines and other Taiwan travel industry operators lobby China to allow third party transfers in Taiwan. Singapore government supports increased investment in China’s Shandong province.
April 12th, 2014
Rakuten removes whale meat ads in response to ICJ ruling. Japan modifies its arms export policies. Korea’s National Tax Service and Customs Service investigate MNC practices that may have cost Korea millions of won in customs duties. Russian companies turn to Asia-Pacific in the face of sanctions against Russia.
March 30th, 2014
Alcatel strikes major China mobile deal in tandem with President Xi’s visit to France. ACFTU backs striking Walmart workers. Toyota Motors (India) and Indian workers both lobby government to support their cause. Indonesia announces it will not renew around 70 bilateral investment treaties. Citic Pacific (Hong Kong) buys out its mainland parent.
March 30th, 2014
Chinese government supports Geely Holdings with $3+ billion loan. The positives and negatives of Chinese investment in Ugandan copper mines. Frustration levels of American firms in China increase. China court accepts first wartime laborer lawsuit. Japanese firm attacked on Chinese consumer protection broadcast. South Korean financial agencies investigate Chinese banks for currency investment activities. Korean anti-trust regulator acts to challenge cooperation among world’s largest container companies. Taiwanese steelmakers face first US anti-dumping investigation in twenty-seven years.
March 16th, 2014
Half of IBM’s striking Shenzhen workers will take severance packages rather than stay. Panasonic to give China worker air pollution hazard premium. Japan government to support insurance and medical companies abroad that target low-income families. Korean Finance Ministry to probe possible illegal activities of Korean banks in Japan. Korean government will partially lift sanctions for certain service sectors doing business with Iran. Singaporean central bank to bolster Yuan related financial services.
March 9th, 2014
Strikes take place at IBMs factory in Shenzhen. Huawei discloses shareholder information. Yasuda participates in Indonesian infrastructure project. South Korea touts opportunities for foreign financial firms. GM voices concern about rising labor costs in South Korea. Korea eases regulations on private equity M & A. Singaporean cooperation with Japanese firm boosts water reclamation
March 9th, 2014
Sinopec opens to foreign investment. South Korean women sue for compensation for forced labor. Chinese laborers and family members file suit for forced labor. South Korean Global Companies CEO Association will represent all types of members.
February 23rd, 2014
Chinese Timber Operations in Gabon. Nissan Leaf EV adoption in Bhutan. South Korea acts to protect data privacy. Singapore Tackles pollution from Palm Oil clearance fires
February 23rd, 2014
Mobile Phone China Alliance, an industry group in China, submitted a report to the National Development and Reform Commission (NDRC) accusing Qualcomm Inc., a major American mobile phone chipmaker that depends heavily on the China smartphone market, of charging excessive patent fees from which it derived excessive licensing revenues. Furthermore, the Alliance alleged Qualcomm, which already is facing an antitrust investigation, was forcing customers to buy bundled services.

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