MNCs in the News*

February 2nd, 2014
As a result of declining sales, Revlon, a US cosmetics company, announced that it planned to terminate its China operations and eliminate more than 1,000 positions. While the US $22 billion China cosmetics’ market has been growing impressively, foreign firms have faced a variety of difficulties ranging from bribery scandals to problems with product distribution and retailing.
February 2nd, 2014
Toyota has hinted it may withdraw from Vietnam if Hanoi does not take steps to improve the country’s automobile environment. At present, Vietnam imposes an import tariff of 60% to protect its indigenous industry. Neither has the government taken adequate measures to enhance the national demand for automobiles.
February 2nd, 2014
With US, European, and Japanese growth anemic after 2008, Japanese companies have concentrated their investments in China. In recent years, though, Japanese firms, especially in consumer electronics, have been shifting a greater amount of investment to India.

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