Global Times

MNCs in the News-2020-04-03

Shanghai touts the signing of USD $16 billion in foreign direct investment (FDI) deals as well as a new investment platform. China’s Ministry of Commerce (MOFCOM) will move to open the oil and gas industry chain in East China’s Zhejiang Pilot Free Trade Zone (FTZ) to, among other things, bring in strategic FDI. Senior managers at the Gwadar Port in Pakistan state the coronavirus has not had a serious negative effect on the port’s operations. Hungarian government moves to classify details of loan to finance Budapest-Belgrade rail project, arguing it would help it secure the loan. The production of Japanese automakers in China plummets in February and global output likely to drop due to factory shutdowns in the United States (US) and Europe. Asashi Group (Japan) has received approved from Australian competition authorities to complete its purchase of Australia’s Carlton & United Breweries subject to certain divestitures. Korea’s HDC Hyundai Development Co. acquisition of Asiana Airlines slowed due to delays in competition authority review work resulting from the coronavirus. Korean battery manufacturers in China to benefit from Beijing’s extension of electric vehicle (EV) battery subsidies because they include foreign battery makers.

MNCs in the News-2017-06-02

China’s Global Times touts that China remains a popular investment destination for foreign investors. China delays the implementation of a cybersecurity law rule on cross-border data movement for 18 months. Surging Chinese investment in Malaysia is oriented towards the construction sector and creates many, albeit low-skilled, jobs. Qatar may force Japanese companies out of investments in Qatar Petroleum projects. Japanese corporations increasingly partnering with South Korean firms in establishing overseas projects. Hyundai Engineering wins USD $890 million power plant deal in Malaysia. Samsung Heavy Industries snares multi-billion dollar LNG facility construction contract off Mozambique. Jakarta plans to ease business for investors operating in special economic zones. Malaysia and China to organize meetings on construction of three new ports and Bandar Malaysia project. Survey shows this year’s Japanese investment in Malaysia may rise by at least 30 percent. Vietnamese lawmakers call for public private partnerships to attract investment in railway sector. Vietnam’s Prime Minister says time is ripe for American companies to further engage in economic restructuring of his country