Sumitomo Corp.

MNCs in the News-2018-06-01

China’s inward foreign direct investment (FDI) shows growth with especially impressive growth in high-tech areas like medical equipment manufacturing. Slew of political factors conspiring to dampen Chinese outward FDI (OFDI) to the United States (US). European parliament pushing increased reviews of FDI, partly due to surge of Chinese OFDI in Europe. China’s first report on central state-owned enterprises (SOEs) corporate social responsibility (CSR) argues their efforts go unnoticed and that they are doing a good job in environmental protection. Japanese contractors blindsided by Malaysia’s decision to scrap planned USD $14.8 billion high-speed rail link from Kuala Lumpur to Singapore. Government representatives of China, Japan and Thailand announce intentions to pursue business collaboration in Eastern Economic Corridor. General Motors’ $7 billion rescue plan for South Korean plants in jeopardy because of threat of Trump tariffs on foreign cars and car parts. Hanwha Q CELLS Korea signs memorandum of understanding with Whitfield County government to construct solar module production facility. Mahathir announces reconsideration of terms of USD $14 billion rail deal involving Chinese partners to prioritize reducing country’s ballooning national debt. Malaysia’s state-owned Petronas to become second-largest partner in Canadian liquefied natural gas export project by buying 25 percent stake.

MNCs in the News-2018-05-04

China’s financial sector opening seems to be bearing fruit in terms of catalyzing applications by foreign firms to enter the China market. China’s liberalization of its aircraft sector giving flight to new opportunities for foreign companies in the aviation industry. In partnership with Irish development authorities, Chinese pharmaceutical firm makes major greenfield investment in Ireland. Chinese accountancy expands in the United Kingdom (UK) to service growing China-UK investment and trade. Hitachi considering Taiwan plant as Asian hub after winning bid for Taiwan Power offshore wind turbines project. Japanese traders competing to expand poultry businesses by importing from abroad after Japanese ministry sanctioned the import of Turkish chicken. Korean battery manufacturers such ramping up investment in China in preparation for the end of Beijing’s electric vehicle subsidy. Following historic summit between the two Koreas began plans for joint development projects and South Korean investment into the North. Arkema and CJ CheilJedang to invest over USD $300 million in Malaysian Kerteh Biopolymer Park as Malaysian, French and Korean authorities jointly promote facility.

MNCs in the News-2017-06-02

China’s Global Times touts that China remains a popular investment destination for foreign investors. China delays the implementation of a cybersecurity law rule on cross-border data movement for 18 months. Surging Chinese investment in Malaysia is oriented towards the construction sector and creates many, albeit low-skilled, jobs. Qatar may force Japanese companies out of investments in Qatar Petroleum projects. Japanese corporations increasingly partnering with South Korean firms in establishing overseas projects. Hyundai Engineering wins USD $890 million power plant deal in Malaysia. Samsung Heavy Industries snares multi-billion dollar LNG facility construction contract off Mozambique. Jakarta plans to ease business for investors operating in special economic zones. Malaysia and China to organize meetings on construction of three new ports and Bandar Malaysia project. Survey shows this year’s Japanese investment in Malaysia may rise by at least 30 percent. Vietnamese lawmakers call for public private partnerships to attract investment in railway sector. Vietnam’s Prime Minister says time is ripe for American companies to further engage in economic restructuring of his country

MNCs in the News-2015-09-04

Chinese authorities impose penalties on Pfizer for problems relating to erection of Viagra displays. Mainland government policies like the Silk Road Initiative and other factors influence Taiwanese Electric and Electronic Manufacturer’s Association new rankings of favored mainland investment destinations. China Development Bank (CDB) intensifies funding for Chinese overseas investments, deeming the “timing for acquisition is very good.” China Railway Rolling Stock Corporation breaks ground on subway car factory in Springfield (USA). US will take action against Chinese individuals and companies involved in commercial espionage. Japanese companies worth with Japanese universities and government agencies to attract talented IT students, especially from India. Indonesia inward foreign direct investment (FDI) ranked highest among all Association of Southeast Asian Nations (ASEAN) members in the first semester of 2015. Indonesia finally opts to cancel its high-speed rail project disappointing Chinese and Japanese bidders. Foxconn balks at building electronics factory in Indonesia due to government unwillingness to provide free land. Thailand examines boosting incentives for investing in certain sectors in its special economic zones (SEZs). Vietnam draws increasing FDI in its processing and manufacturing sectors especially from Korea. Mongolian Minister negotiating deal over Tavan Tolgoi throws cold water on idea a deal will be struck soon. APEC creates fund to support open trade and investment in mining and sustainable mining.