Suzhou

MNCs in the News-2017-03-24

The Information Technology & Innovation Foundation (United States) has called for global action in the face of China’s Made in China 2025 plan. Chinese Ministry of Industry and Information Technology (MIIT) official defends his country’s “Made in China 2025” plan. China’s Food and Drug Administration issues draft policy that would allow foreign drugs to be tested and approved much more quickly in China. During a visit to China, Apple CEO Tim Cook announces Apple will open new R&D centers in Shanghai and Suzhou. Microsoft touts the development of a China-specific Windows 10 operating system that is “secure and controllable.” Chinese government agencies are working on a policy that would specify those sectors where outward foreign direct investment (FDI) was encouraged and those where it was restricted. Tokyo says it does not plan to support troubled Toshiba and that it will share information with Washington about Toshiba and its bankrupt US nuclear division. Japanese and Russian officials meet to discuss ways to jointly develop the islands off Hokkaido they both claim. South Korea asks the World Trade Organization to review Chinese sanctions against Korean companies relating to its deployment of THAAD. South Korea’s SK Engineering & Constructions partners with Turkey’s UNIT International to win multi-billion dollar power plant construction project in Iran. Energy firms urge Indonesian government to enhance its policies in the upstream and downstream oil and gas sectors.

MNCs in the News-2017-02-10

China’s goal of shifting to a more consumption, service, and higher-valued added economy is reflected in subnational level data. China remains optimistic about Chinese outward foreign direct investment (FDI) in 2017, but plans to guide it to and sees it encountering many challenges. Syngenta believes the ChemChina-Syngenta acquisition will close in second quarter of 2017 despite remaining regulatory hurdles. China halts major Lotte construction projects in northeastern China in apparent punishment for South Korea’s embrace of THAAD. Prior to Japanese Prime Minister Abe Shinzo’s early February meeting with US President Donald Trump, Sharp Corp. announced it would build a liquid crystal display panel plant in the US. Softbank CEO Masayoshi Son touts his progress in fulfilling his job creation promise to U.S. President Donald Trump. Chinese forthcoming revised anti-monopoly guidelines worry South Korean firms which fear they might be used against it. In the face of political pressures, Samsung Electronics will build its first home appliance plant in the US despite fears about the price competitiveness of US production. Moody’s Investor Service upgrades its credit outlook for Indonesia with positive implications for Indonesia’s ability to attract FDI. Indonesian aviation regulatory burdens cause Tigerair to cease its flights to Bali island.

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.