ICT

Dr. Amitendu Palit's picture

Investments and Connectivity: Digital Capacity Matters

The Belt and Road Initiative (BRI) and upcoming regional connectivity plans like the Asia-Africa Growth Corridor (AAGC) should stimulate foreign direct investment (FDI) inflows in countries getting connected and developing new industrial and other capacities. These investments, among other factors, would be driven by local and national capacities to do business across cyberspace. Discussions on connectivity often overlook this vital element as they focus on land and sea links.

MNCs in the News-2015-07-10

China tells foreign businesses to stop whining. China’s Ministry of Commerce (MOFCOM) reports that China’s three new free trade zones (FTZs) have attracted significant foreign direct investment (FDI). China’s draft cybersecurity law raises new concerns among foreign technology firms and foreign companies operating in China. China’s heavy outward FDI to and presence around Angola raise concerns among Angolans. Tokyo hosts “Mekong Five” leaders summit to promote export, investment, and infrastructure opportunities for Japanese firms. Japan looks to beat China to build the first deep-water port in Bangladesh. Thai Prime Minister Prayut Chano-Cha courts greatest Japanese investment in Thailand’s special economic zones. Indonesia’s state energy firm Pertamina asserts ownership over the Mahakam block. Indonesia to revoked thousands of unused investment permits issued between 2000 and 2006. Freeport-McMoRan moves to divest mining shares pursuant to Indonesia government regulations. Vietnam moves to build investment and business cooperation in ICT with Japan and South Korea. Vietnamese Communist Party General Secretary promises administrative reforms on tax and customs procedures to create a better investment climate for foreign businesses.