Taiwan

MNCs in the News-2017-05-12

Germany’s top financial regulator generically welcomes Chinese investment in Germany’s financial sector. Tokyo and Beijing discuss bilateral economic relations and cooperation, as Japan fears potential spillover of China’s economic problems. India’s Finance Minister invites Japanese companies and financial institutions to engage in India’s “Made in India” initiative. POSCO and SeAH Steel join growing list of Korean multinationals joining American Chamber of Commerce Korea. Malaysian federal government’s support increases Johor’s appeal as a foreign direct investment (FDI) destination. Failure of Chinese bailout deal fuels speculation about future of Chinese investments in Malaysia. Formosa accelerates investment in USD $11.03 billion integrated steel mill project in Vietnam. Vietnam’s Prime Minister meets with Hong Kong delegation to promote infrastructure investment in Vietnam.

MNCs in the News-2017-04-14

China announces draft rule that would require certain firms to obtain permission to transfer data out of China. Apple promotes the adoption by yet more of its China suppliers of renewable energy. A Chinese think tank and corporate collaborator release a report showing that Chinese firms have been substantially boosting their investment in the manufacturing sector. Potential seen for greater Chinese involvement in ambitious American infrastructure programs. China and Myanmar agree to open oil pipeline linking Myanmar’s Kyaukpyu port to Yunnan, China. Likely opposition from Japanese and US government may drive Toshiba to reject highest bid from Taiwan’s China-connected Hon Hai. Korean companies participate in Saudi Arabia’s Vision 2030 project and, accordingly, will get special support from the Saudi government. Foreign firms pour money into South Korea’s IT, fashion, and entertainment startups to profit from Korea’s cultural power. News reports reveal Malaysia Korea Partners funneled money to the leadership in Pyongyang for decades, violating UN sanctions. China’s Alibaba Group and the Malaysia Digital Economy Corporation (MDEC) jointly establish Digital Free Trade Zone. Cheaper labor, less stringent legal structure, and better intellectual property right protections spur Italian corporate pivot from China into Vietnam. Local officials in Can Tho court French investment in various sectors including agriculture.

Dr. Toshiya Ozaki's picture

Nissan’s Investment in Mitsubishi Motors

In mid-May, Nissan Motor Co. surprised Japan when it announced it would invest $2.2 billion in Mitsubishi Motors to gain effective control of the latter. The surprise was twofold. First, the announcement’s speed and timing astounded many.

MNCs in the News-2016-05-27

At the 8th Strategic and Economic Dialogue talks, the US will press China to improve its business and investment climate. China say it will propose a global investment code at the upcoming G20 summit in Hangzhou. Tsinghua Unigroup’s leadership is unconcerned about the possibilities the new Taiwan leadership may review two of its investments in Taiwanese testing and packaging chip companies. Chinese bidding consortium goes to Malaysia to tout its advantages for the Singapore-Malaysia high-speed rail project. Indian Finance Minister plans to pursue vigorous implementation of a Japan high-speed rail project linking Ahmedabad and Mumbai when he visits Japan at the end of this month. Japanese firms want the United Kingdom to remain in the European Union. South Korean cooperation with Saudi Arabia and Kuwait leads to accelerate of SK Gas Ltd.’s liquid petroleum gas-based gas chemistry business. Frustrated with a stalled legal case, Korea Electric Power Corporation (KEPCO) has decided to pull out of a major Nigerian oil exploration and development project. Indonesia is working hard to finalize all the regulations (new and revised) in its 12 economic policy packages. Global rating agencies seem to like Indonesia’s investment quality. Thailand is pushing Food Innopolis, a food cluster designed to enhance the value of the country’s crops. Vietnam’s inward FDI for the first five months of 2016 grows strongly over the comparable period in 2015. Foreign investors can enter the theater industry in Vietnam.

MNCs in the News-2016-04-01

Chinese Premier Li Keqiang emphasizes China’s willingness to work harder to create a favorable environment for foreign investors. China’s Ministry of Industry and Information Technology stresses that the country’s planned rules on Internet domain names will not affect companies’ “normal operations.” China will set up its first overseas permanent military base in Djibouti. China’s Railway Rolling Stock Corp. aims to win large amounts of business in the developed world. In the face of US Senatorial concerns, Syngenta AG insists a China National Chemical Corp. takeover would not raise security issues. Japan may finance a multi-billion dollar deep-sea port project in Patimban, Indonesia. JR Tokai and its American partner Texas Central Partners (TCP) are going to ask the US Federal Railroad Administration to set new rules allowing an ultrahigh-speed to be built to Japanese bullet train specifications. Mercedes-Benz Korea not rolling along as far as the Korean government is concerned. The Korea Trade-Investment Promotion probes if Korean companies should relocate from the shuttered Kaesong Industrial Complex to Vietnam. Korean businesses and association, in collaboration with the government, will establish a public-private consultative council to boost overseas Korean construction business. Thai Democrats challenge financing model for Bangkok to Nakhon Ratchasima high-speed train line. Vietnamese inward foreign direct investment for the first quarter of 2016 surges over the comparable period a year earlier.

MNCs in the News-2016-02-12

Shanghai Zhangjiang National Innovation Zone allows new possibilities for foreign pharmaceutical companies to focus on their core competencies. Sharp’s acceptance of a buyout bid from Foxxconn suggests Japan really may start to welcome more foreign direct investment (FDI). Japan’s Mitsubishi willing to do all work in Australia to win major Australian next generation submarine contract. Gaeseong Industrial Complex falls victim to tit-for-tat between South and North Korea over the latter’s missile and nuclear tests. Daewoo Engineering & Construction wins project commissioned by Indian state-run enterprise at a time of a special strategic partnership between India and South Korea. Indonesia to undertake major FDI liberalization. Indonesian filmmakers cheer opening of the film industry and cinema sector to foreign investment. Indonesian government plans to provide legal guarantee to PT Kereta Cepat Indonesia China (KCIC) for Indonesia’s high-speed rail project. Thailand’s Board of Investment (BOI) touts the successes of its new investment promotion policy and cluster-promotion scheme. Thailand’s Commerce Ministry aims to bolster the overseas investment capabilities of Thai small- and medium-enterprises. Malaysia sees greater Chinese inward FDI in the future. European Chamber of Commerce expresses its hopes for legal and policy changes during the next Filipino presidency.

MNCs in the News-2015-12-11

Cisco says it will give its source code to no one while seeking a “win-win” arrangement with China. Chinese media report that Google has set up a shell company in the Shanghai Free Trade Zone. Chinese Ministry of Commerce (MOFCOM) official says that the government will work to facilitate greater outward investment by Chinese firms. Chinese nuclear firms radiate over opportunities presented by China’s Silk Road Economic Belt and 21st Century Maritime Silk Road Initiative. Taiwan struggles to set policy regarding mainland Chinese investment in its chip sector. Chinese firms look to expand abroad to escape limits on their ability to test and sell GMO crops at home. Following the China-Africa summit, Chinese firm wins new railway deals with Kenya. Japan to sign major high-speed rail contract with India. Japanese firms will participate in Brazil urban rail projects. Korean Finance Ministry will create a major fund to support Korean businesses in China. Samsung Engineering scores major petrochemical project awards from Petronas. Nestle acknowledges some working in its Thai seafood supply chain are treated like modern-day slaves. Former Malaysian (Sabah) Chief Minister believes government can create the conditions facilitating a Chinese firm building a bridge connecting Labuan and Sabah. China Railway Engineering Corp. makes investment in Malaysia to lay a possible foundation for bidding on a high-speed rail link between Kuala Lumpur and Singapore.

MNCs in the News-2015-09-11

China’s Ministry of Commerce (MOFCOM) reports that inward foreign direct investment (FDI) rose 22 percent in August year-over-year (YOY). Foreign companies express concern about China’s reform direction and stance towards foreign business. US business community hopes Chinese President Xi Jinping’s state visit to the US will push forward a US-China Bilateral Investment Treaty (BIT). Sources report Google will develop China-mainland version of its Google Play online store that meets government requirements. China’s Ministry of Finance charges Apple with underpaying more than $65 million of taxes in 2013, which Apple has since paid. China plans to host major technology meeting in Seattle in late September around the same time as Xi’s state visit to Washington. Taiwan liberalizes rules governing investment by local chip firms on the Chinese mainland. China’s National Development and Reform Commission (NDRC) Guangdong branch fines Dongfeng Nissan and 17 dealers more than $22 million for price fixing. Chinese and Russian firms conclude numerous investment deals on sidelines of China’s 70th anniversary V-Day ceremonies. Pakistan leases 2000 acres of land at Gwadar Port to facilitate China’s construction of the port’s first free economic zone. Indonesia will lengthen from 2 to 10 years the time before a contract expires that mining investors can seek a contract extension. Indonesia opts to retain ban on unprocessed mineral ore exports. Vietnam Decree 60 fails to boost foreign investment.

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.

MNCs in the News-2015-08-28

China dials up new leadership at its telecommunications giants. Tsinghua Unigroup attempts to chip away at opposition to its purchase of Micron Technology. China investors see stable investment returns on offer in the UK. China’s Yunnan province pushes infrastructure construction to support the One Belt, One Road (OBOR) and other initiatives. Alibaba given 6-month extension to operate in Taiwan while Taiwan appellate body review its case. Japan strives to strengthen its medical and pharmaceutical firms. Japan and Mekong River nations adopt “Mekong Industrial Development Vision.” Japan and China competition to build high-speed railway in Indonesia reaches its final stages. Korea touts its advantages and pursues new policies in order to double inward foreign direct investment (FDI). Korea orders recalls of select Ferrari cars, Harley Davidson motorcycles, and Volvo trucks due to various defects. Toyota puts the brakes on Prius production in Thailand due to tariff dispute. Foreign business leaders in Thailand believe Erawan Shrine bombing will not influence FDI inflows. Investors express complain about the vagueness of Vietnam’s new foreign investment guide.

Pages