Asahi Group

MNCs in the News-2019-12-13

UIBE Institute of International Economy 2019 Foreign Direct Investment (FDI) report recommends China do more to enhance the business environment for FDI such as allowing the market to play a greater role in the allocation of resources. Chinese government orders all government offices and public institutions to remove foreign computer hardware and software by 2022. United States (US) National Defense Authorization Act bans use of federal funds to purchase buses and passenger cars made by Chinese manufacturers, which will hurt BYD’s US operations. Pakistan established new China-Pakistan Economic Corridor (CPEC) authority to expedite the progress of the initiative. Labor Union at Uber Eats Tokyo cannot stomach the latter’s unilateral decision to lower the base pay of workers. Australian Competition and Consumer Commission suggests too early for Asahi Group to toast its plan to buy Anheuser-Busch InBev’s local Australia operations. South Korea’s reported inward FDI (IFDI) tops USD $20 billion for the fifth consecutive year, though realized IFDI often falls far short of reported figures. Korean consortium HPH Joint Venture may lose multi-billion bid to build metro in Panama due to reported Chinese pressures for a review of the bid award.

MNCs in the News-2017-12-01

German business association warns Chinese Communist Party request that foreign firms set up party cells may have adverse consequences. Chinese government advisor suggests Shanghai will create free-trade port represents that addresses the failings of the previous Shanghai Free Trade Zone initiative. Shanghai body asks IKEA to consider a new round of dresser and chest recalls. China’s National Development and Reform Commission promulgates list of penalties that Beijing may impose on firms that engage in illegal outward foreign direct investment (FDI) and related activities. Japanese Court to hear Toshiba Western Digital dispute on sale of flash memory division. SoftBank Group to invest USD $2.5 billion in India’s Flipkart as India’s anti-trust commission approves deal. Seoul and London sign memorandum of understanding easing approval process for Korea’s KEPCO to acquire Britain’s NuGen. Hyundai Engineering & Construction Co. and POSCO Daewoo Corp. win Uzbekistan power plant deal. Jakarta has not finalized plans yet for Freeport deal as parties continue to disagree about mine’s valuation. Indonesia’s state-owned utility company Pembangkitan Kawa Bali and Abu Dhabi Future Energy agree to build world’s largest floating photovoltaic power plant. Bangkok approves USD $22.6 billion infrastructure investment in Eastern Economic Corridor, paving the way for more foreign investment projects. Thai firm will build massive power plant in Myanmar despite international outrage over Myanmar’s abuse of Rohingya. Malaysia’s central bank approves larger China’s HNA Group ownership stake in Germany’s Deutsche Bank subsidiary despite initial concerns. Foreign brewing companies eagerly await sale of Vietnam’s state-owned brewer Sabeco. Foreign M&As of Vietnamese business entities rising as Hanoi increases foreign ownership limits and privatizes state-owned enterprises.