forced laborers

MNCs in the News-2019-11-15

According to a German Chamber of Commerce survey, a large percentage of German companies plan on boosting their foreign direct investment (FDI) in China over the next two years. The United States (US)–China trade war and rising costs in China unlikely to led to exodus of FDI outside China because no country possesses the entire package of advantages China does. China MOFCOM reports that China’s non-financial outward FDI (OFDI) grew almost 6 percent over the first 10 months of 2019 year-over-year. US National Defense Authorization Act language may terminate the availability of federal funds to buy electric buses made by BYD at its California factory. South Korean airlines are closing offices in Japan as well as suspending or reducing flights to Japan because of falling tourism resulting from Korea-Japan tensions. Japanese Ambassador to Bangladesh calls on the latter to provide economic incentives and improve policy stability. LG Chem asks the US International Trade Commission to rule quickly on its trade secrets theft case against SK Innovation. Hyundai Heavy Industries submits formal request to European Union (EU) asking for approval of its planned merger Daewoo Shipbuilding & Marine Engineering

MNCs in the News-2016-06-10

Chinese Premier Li Keqiang stressed to global CEO’s that his government would be acting to create a better environment for foreign investors. Xiaomi strikes a deal to buy roughly 1500 patents from Microsoft. Political uncertainties surrounding the US presidential election expected to lead Chinese firms to become more cautious about investing in the US. United States (US) Commerce Department gives a subpoena to Huawei Technologies as part of a probe in the latter’s exports or re-exports of US technology. Alibaba says it is cooperating with a US Securities and Exchange Commission probe into its accounting practices. Newly elected Philippines’’ President Rodrigo Duterte states that he would welcome Chinese bids on two major railway projects despite bilateral tensions. Japan’s Transport Ministry raids the headquarters of Suzuki Motor Corp. as part of an investigation into the validity of the company’s fuel economy tests. Mitsubishi Materials settles case of World War II slave laborers. Mitsui is cooperating with the Malaysian government on the massive Iskandar Malaysia project. A Japanese-Indonesian consortium Bhimsena Power Indonesia will move forward on a long-delayed coal-fired power plant in Indonesia. Nissan corporate headquarters will file an administrative litigation against the South Korean government for actions taken by the Korean Ministry of the Environment against it. Korea’s Doosan Heavy Industries & Construction wins a 460 billion won deal from Kuwait’s Ministry of Electricity & Water to build a desalination plant. Experts criticize the implementation of Indonesia’s 12 reform packages. Indonesia’s Investment Coordinating Board (BKPM) touts the positive effects of its new investment licensing service, but challenges remain. BKPM pleased by Japanese interest in multi-billion dollar projects. Uber seeks Thai Transport ministry approval for its drivers. Experts call upon the Vietnamese government to tighten environmental regulations for FDI projects.