E-Mart

MNCs in the News-2019-07-26

China’s Vice Minister of Industry and Information Technology said the relocation of foreign companies due to the United States (US)-China trade war is “limited and under control.” China opens financial sector to overseas firms while moving to minimize risks confronting the sector. US Senator Joe Manchin raises alarm about 2017 USD $83.7 billion-dollar investment deal in West Virginia. Malaysia and China agree to resume Belt and Road Initiative (BRI) project East Coast Rail Link (ECRL) following an agreement to cut the project’s cost by about one-third. Major Japanese firms sign on to 30% Club, a global initiative aiming to put more women in top leadership positions globally. US National Security Advisor John Bolton says US does not intend to mediate Japan-South Korea forced labor and trade conflict. South Korean distributors of Japanese goods in South Korea suffering from boycott. Trade conflicts around the global are driving South Korean chaebol to invest in the US to escape the problems associated with these disputes.

MNCs in the News-2017-05-05

The Cyberspace Administration of China will begin hardware and software checks starting June 1. Foxconn Technology Group Chairman indicates it is looking at investment prospects in the United States (US) following meetings with US officials. Japanese Prime Minister Shinzo Abe asks British Prime Minister Theresa May to ensure a smooth transition for Japanese business following Brexit to limit problems for Japanese investors. Japan launches various initiatives to ease the way for greater foreign investment. Russia and Japan agree on key terms and conditions for launching a joint investment fund to boost their investment cooperation. Chinese economic retaliation due to South Korea’s deployment of the US THAAD system has potentially cost the Korean economy USD $7.6 billion. E-Mart to close China outlets by the end of this year partly due to anti-Korean sentiments flowing from Seoul’s deployment of THAAD. Japan’s bid for high-speed rail connecting Kuala Lumpur with Singapore to include financing, talent development, and collaboration with local companies. Foreign technology companies increase Singaporean investment following strong demand and government incentives. Vietnam licensed major gas pipeline project which represents its second billion-dollar foreign investment project in 2017 and an increase of total FDI. Vietnamese Deputy Prime Minister encourages Sumitomo Mitsui to increase investment in the country’s infrastructure.