KOGAS

MNCs-2017-12-29

Foreign direct investment (FDI) into China’s service sector shows strong performance in 2017 with observers recommending various improvements to draw in more. China’s National Development and Reform Commission (NDRC) is concerned about surges in mobile chips and may launch an investigation. The China Banking Regulatory Commission has published draft rules that would make it easier for foreign banks to enter China and expand their businesses there. NDRC minister says China is considering passing legislation that would improve supervision of outward FDI (OFDI) and clarify the limits that exist. Japan’s Sumitomo among foreign bidders for Indian Railways’ first global tender. Japan’s Kubota to join USD $92 million project to improve water supply infrastructure in Yangon following local government order. LG Display receives green light from Seoul to build USD $4.5 billion OLED production plant in Guangzhou. South Korea’s state-owned Korea Gas Corporation finally collects return on its 2010 investment into Australia’s liquefied natural gas sector. Mitsubishi UFJ Financial Group posed to gain approval from Jakarta to purchase 73.8 percent of Bank Danamon Indonesia. Major foreign motorbike companies to build production and assembly plants in Thailand as government investment packages continue to proliferate. UK firms looking to bid on light rail transit and construction projects from Malaysian government. Japan surpasses South Korea to become largest investor in Vietnam in 2017 as Hanoi attracts more foreign money for infrastructure investment.

MNCs in the News-2016-11-11

China approves cyber security law despite intense lobbying by foreign business associations, firms, and governments. China reportedly is considering allowing foreign investment banks to have wholly owned operations on the mainland. China Development Bank Capital (CDBC) and Microsoft have formed a partnership to “promote technology innovation and smart city development.” Germany withdraws approval for a group of Chinese investors’ 670 million euro purchase of Aixtron. The German government is seeking greater powers to investigate and potentially block Chinese acquisitions of German companies. China has expressed concerns about Germany’s seeming new protectionist stance towards Chinese investment. German Vice Chancellor Sigmar Gabriel speaks strongly about protecting German interests and gets the cold shoulder during a visit to China. High-level officials from the United Kingdom (UK) and Britain meet to discuss new investment collaborations in the financial sector. The Japanese government pushes Japanese firms to invest in Russia to help facilitate a resolution of the Russo-Japanese Northern Territories/Southern Kurils dispute. Japanese Trade minister Hiroshige Seko and Russian Far East Development Minister Alexander Galushka agreed to promote economic development projects in Russia’s Far East ahead of a summit between their leaders in December. Japan’s JFE Engineering Corporation will start constructing greenhouses in Primorsky Krai in cooperation with a Russian federal state enterprise. The President of the Japanese chambers of commerce in Britain and the European CEO of Mitsubishi warns that more than general assurances about Brexit are needed to comfort Japanese firms in the UK. Korea and Oman establish basis for Korean companies to participate in almost $27.1 billion in energy and infrastructure projects in Oman. Korea Gas Corporation moving forward on cooperation with China National Petroleum Corporation on natural gas trading, joint international projects, and information sharing. Chinese foreign direct investment (FDI) in Indonesia has jumped following repeated high-level meetings between the Presidents of the two countries. Donald Trump’s victory dampens the opportunities for US energy companies in Indonesia. Jack Ma opts to serve as an advisor to Malaysia rather than Indonesia about the e-commerce economy. Chinese technology giants like Alibaba, Tencent, and Wanda Group have expressed their interests in participating in Malaysia’s digital economy plan. During his recent visit to China, Malaysian Prime Minister Najib Razak signed 14 memorandum of understandings totaling USD $47.5 billion. Pundits note both future opportunities and risks relating to increase Chinese investments in Malaysia.