cyber security

MNCs in the News-2015-07-03

China passes National Security Law that alarms Foreign Businesses. Food scandal makes mincemeat out of OSI (China) Holding Co.’s bottom line. Li Keqiang calls on the European Union (EU) and China to make progress on an investment treaty. By 2020, China will be world’s largest cross-border investor including foreign direct investor (FDI). China and Brazil agree to set up $20 billion fund to support “bilateral capacity cooperation.” Chinese private firms are leading candidates to takeover rescued Portuguese bank. Vietnam undertakes dramatic changes to open its economy to foreign investors in a bid to boost economic growth. Vietnam moves to unify state supervision of all investment activities including FDI. Coca-Cola finds one of its local business joint venture associations in Myanmar is not so sweet.

MNCs in the News-2015-01-30

United Nations Conference of Trade and Development (UNCTAD) data shows China reigns supreme in terms of inward foreign direct investment (FDI). Despite concerns, business and reform motives drive China’s Ministry of Finance to approve Chia Tai Bright Investment Co. Ltd.’s joint venture (JV) 20 percent stake in Citic Ltd. China moves to intensify support for domestic semiconductor sector to increase information security and advance domestic innovation. Information security in the banking sector becomes a priority for the China Banking Regulatory Commission (CBRC) raising new challenges for foreign firms. China’s requirements for foreign information technology company information disclosures provoke foreign business complaints and calls for “urgent discussions.” Ministry of Industry and Information Technology (MIIT) representative says blockage of VPNs part of measures China adopting to protect Internet security. China will boost the internationalization of its firms through various measures and money. China and African Union sign Memorandum of Understanding (MOU) to advance China’s involvement in African infrastructure and continental integration. Japanese auto parts maker Sanden settles pricing fixing case with the US Justice Department. The Korean Fair Trade Commission (KFTC) probes 5 Japanese and German auto parts companies for price fixing. Seoul awards multiple trillion won public safety network contract to Huawei.