China General Nuclear Power Corporation

MNCs in the News-2016-08-05

Analysts speculate on the economic and political factors that drove the new British government to delay a decision on the Hinkley Point C project. Some conjecture British Prime Minister Theresa May has delayed the project due to national security considerations. Chinese government urges British government to move forward with Hinkley Point decision and hints at possible adverse consequences for relationship. France awards CGN one of its first industrial-scale offshore floating wind power projects. South Korea’s environmental ministry bans the sales and cancels certifications of 80 Volkswagen models over VWs fraudulent emissions and noise tests. South Korea’s National Tax Service Seoul Regional Office launches a tax probe into the Korean affiliate of Huawei Technologies Co. for possible tax evasion. Indonesia’s Investment Coordinating Board (BKPM) is confident of reaching its realized inward FDI (FDI) investment goals for 2016 because of its fast-track permitting process. BKPM chief downplays possibility that the South China Sea dispute will affect FDI flows, including from China, into Indonesia. Indonesian Energy and Mineral Resources Minister emphasizes the country plans to ensure all investors in the energy sector obey the country’s laws and rules. Thai oil and gas conglomerate PTT PLC says it is still in the process of developing a massive refinery and petrochemical plant in Vietnam. Registered inward FDI (IFDI) into Vietnam over the first seven months of 2016 soars over the same period year-over-year (YOY).

MNCs in the News-2015-10-23

China announces plan to role out a Negative List in various regions over the next two years. Apple powers up its renewable energy initiatives in China. GlaxoSmithKline CEO Andrew Witty tells official Chinese media that his company has put in place systems to ensure no bribes are paid to doctors. Xi Jinping’s visit to the U.K. leads to promise of massive Chinese investment in the Hinkley nuclear power plant. Alibaba reaches out to U.S. Trade Representative Office to highlight its efforts to fight the sale of counterfeit goods on its websites. Indonesia expresses confidence that realized investment for 2015 will exceed government goals. Falling investment in labor intensive sectors in Indonesian prompts investment authorities to press government to liberalize tax allowance policies. Thai firms, including medium-sized enterprises, increasingly engage in outward investment, especially in neighboring countries. Malaysian MPs call for legislation similar to Singapore’s that would allow for the government to punish companies associated with massively polluting Indonesia forest fires