Boeing

MNCs in the News-2017-04-07

China’s State Council creates seven new free trade zones bringing the total number in the country to 11. China’s State Administration of Foreign Exchange (SAFE) pushes foreign businesses to support its efforts to limit capital outflows from China. Prior to Donald Trump-Xi Jinping meeting, Chinese parliamentarian links the quality of the meeting to Google’s prospects for entering China. European Union regulators approve China National Chemical Corporations (ChemChina)’s massive acquisition of Syngenta while requiring some significant divestitures. Trump administration considers some dramatic steps to keep Westinghouse’s nuclear business out of Chinese hands. Sibanye Gold Ltd.’s proposed investment in Stillwater mining may not be golden because of American concerns over strategic materials access. Iran-Japan Investment Treaty enters into force on April 26 and may spur Japanese energy investment in Iran. Japanese foreign acquisitions hit a new record of almost USD $100 billion in fiscal year 2016, but performance is dubious. South Korea’s installation of the THAAD system continues to affect adversely Sino-Korean economic relations and Korean businesses. The fallout between China and South Korea over THAAD contributes to South Korean car manufacturers reducing production in their Chinese factories. Consortium of Chinese and Indonesian companies signs contract launching the construction phase of the Jakarta-Bandung high-speed train project. Afghan President Ghani encourages Indonesian investors to invest in Afghanistan and stresses the security of foreign investors as a top government priority. Tier-one American aerospace manufacturer may invest in Malaysia stimulating business for small and medium enterprises and creating high-income jobs. India and Malaysia sign investment deals with a value of USD $36 billion. Belgium plans to ramp up green energy investment in Vietnam.

MNCs in the News-2017-03-17

Foreign companies change “government” relations practices in China to adjust to the newfound role of the Communist Party. Boeing will work with Commercial Aircraft Corporation of China Ltd., a Chinese state-owned enterprise, to construct a Boeing 737 completion center near Shanghai. During his visit to China, Saudi Arabia’s King Salman signs agreements with a potential value in the tens of billions of dollars, many relating to the construction of petrochemical facilities in China. The head of the People’s Bank of China decries irrational investments in defending the government’s recent imposition of capital controls. Japan and Saudi Arabia agree to study the value of special economic zones as a means to attract Japanese companies to Saudi Arabia. Toshiba’s financial woes, relating to its troubled American Westinghouse unit, are raising all kinds of national security, job, and financial issues for the Japanese and American governments. Japan may use various economic laws to ensure Toshiba’s memory chip unit is not sold to a bidder that may represent a national security risk. Myanmar authorities give KB Kookmin Bank permission to establish a cooperative microfinance venture in the country. Doosan Heavy Industries & Construction Co. wins a USD $408 million deal to upgrade an existing Indonesian power plant. Indonesia runs major investment promotion event in Singapore. Indonesia Tourism Ministry courts Singaporean investment in North Sumatra airport and other infrastructure.

MNCs in the News-2015-09-25

China announces plan to take its “Negative List” nationwide by 2018. Top Chinese leaders stress China’s continuing interest in attracting foreign direct investment. Analysts see Chinese President Xi Jinping’s meetings with hard-pressed American tech executives as a ploy to fend off US commercial espionage sanctions. Cisco moves to strike partnership with Chinese server maker Inspur in order to regain lost ground in China. Microsoft strikes partnerships with politically connected Chinese firms to bolster its business opportunities in China. Boeing strikes multi-billion dollar deal with Chinese firms and will build 737 completion center in China. US Chamber of Commerce executive expresses discontent with China’s new offer regarding a bilateral investment treaty (BIT). Chinese premier Li Keqiang encourages great outward investment and activity by Chinese SOEs. British Chancellor of the Exchequer George Osborne pushes greater Chinese nuclear investment in the U.K. China and France agree to set up joint investment fund to target third countries. Korean government will probe whether Volkswagen and Audi cars sold in Korea have software that manipulates emissions data. Indonesia continues to strike investment and financial deals with China despite cancellation of high-speed rail plan. Indonesian government plans to give investors more opportunities in downstream energy sector. Foreign firms struggle with Indonesia’s ban on export of raw mineral ores. Thailand moves to address demands of Japanese SMEs.