NEVs

MNCs in the News-2019-11-01

Chinese Vice Minister promises better treatment and protections for foreign direct investment (FDI), no forced tech transfers, and more rapid opening of financial sector. United States (US) contemplates new methods for increasing China’s protection of US intellectual property (IP) such as blacklisting repeat IP right violators. Chinese Ambassador in Malaysia stresses the needs for Chinese companies to deliver the goods as well as respect local laws and customs. Massive Laos high-speed rail project has many problems and multiple critics, but likely to continue given country’s desire to surmount its landlocked status. Japan’s Finance Ministry works to counter anxieties about Japan’s new FDI review regime by, among other things, providing more specifics. Toyota breaks with Honda about backing California’s new automobile emissions standards. Executives at Samsung Electronics and Samsung BioLogics faced serious accounting fraud charges relating to the revaluation of a stake in a US joint venture. Rising number of Korean firms in China report that they are increasingly affected by US-trade war.

MNCs in the News-2017-11-17

China’s Ministry of Commerce (MOFCOM) reports slow growth in inward foreign direct investment (FDI) over the first 10 months of 2017. China dangles prospect of freer car ventures for foreign investors if they meet certain conditions regarding where they invest and what they produce. To meet government requirements, Amazon Web Services sells the physical assets for its China cloud business to local Chinese partner. MOFCOM announces plunge in growth of outward FDI (OFDI) between January and October 2017, linked to its effort to control irrational investment. Troubled Toshiba to sell TV and visual solutions subsidiary to China’s Hisense to obtain cash needed to deal with the fallout of regulatory changes that bankrupted its American nuclear business. SoftBank to invest up to USD $25 billion in Saudi Arabia to support Crown Prince’s agenda. Hyundai sent Vice Chairman to US to develop response to Trump Administration’s desire to revise Korean-US Free Trade Agreement. Hyundai confirmed expansion of its Alabama plant ahead of KORUS FTA negotiations. Tadmax Resources partnering with Korea’s state-owned Korea Electric Power Corp to build USD $840 million power plant in Malaysia. Malaysia’s state-owned Tenaga Nasional Bhd and Indonesian state-owned utility company PT PLN to build coal-fired power plant in Kalimantan.