Indonesia

MNCs in the News-2015-02-20

China Banking Regulatory Commission (CBRC) makes it difficult for foreign IT firms to bank on IT sales in China. Apple Pay encounters business and regulatory obstacles to entering China. China State Administration of Taxation (CSAT) moves to tighten tax loopholes lead to calls for better regulatory predictability, transparency, and service. China’s anti-corruption drive pushes investors to consider the risks and offsetting measures. Japan to raise maximum fines for theft of domestic trade secrets. Japan International Cooperation Agency (JICA) emphasizes its strong commitment to Indonesia’s infrastructure building plans. Complaints over wage practices and working conditions at its suppliers push Japanese Fast Retailing Co. to enhance supplier monitoring. US Transportation Department to fine Japan’s Takata Corp. US $14,000 per day until it fully complies with the former’s investigation into Takata’s defective air bags. The CEO of the Korean Research-based Pharma Industry Association (KRPIA) calls for Korea to reduce government involvement in medical pricing and reimbursement. PT Freeport Indonesia and Papua comes to agreement that will see the mining company build a smelter in Papua.

MNCs in the News-2015-01-23

HP faces worker protests at telecommunications equipment subsidiary in China. China’s Ministry of Commerce (MOFCOM) proposes numerous important legal changes pertaining to foreign direct investment (FDI). China to legalize Variable Interest Entities, though longer-term consequences remain unclear. China plans to vet foreign Information Technology (IT). China’s Cyberspace Administration accused of hacking Microsoft Outlook, a charge it strongly refutes. China plans to build massive hundred billion dollar high-speed railway connecting Beijing and Moscow. Sri Lanka shifts from threatening cancellation of Chinese Colombo port deal to seeking renegotiation. Japanese FDI in China plummets in 2014 due to diverse political and other factors. The Korean Fair Trade Commission (KFTC) slaps penalties on Volvo and J Commerce for false advertising. Indonesian Trade Minister Rachmat Gobel courts Japanese investors during visit to Japan. Taiwanese Economic and Trade Office in Indonesia representatives pursue closer investment relationship with Indonesia.

MNCs in the News-2014-12-26

China’s State Council policy changes relating to renminbi (RMB) business for foreign banks raise interest. China’s National Development Reform Commission (NDRC) pushes Qualcomm for significant business practice changes. China’s State Council calls for new rules for foreign investment free trade zones (FTZs) planned for Guangdong, Fujian, and Tianjin. China adopts new policies designed to make it easier for Chinese companies to investment overseas. Chinese outward foreign direct investment (FDI) deals in Indonesia reveal potentially massive corruption. Chinese outward investors encounter problems relating to insufficient attention to local workers and the environment. Foxxconn’s decision to shutter Chennai phone plant leads to large worker protests. Uber runs into regulatory problems in mainland China, Taiwan, and South Korea.

MNCs in the News-2014-11-28

China’s National Development and Reform Commission (NDRC) positive about “negative list” approach. Volkswagen touts its commitment to become the “most sustainable car manufacturer in China.” Mercedes-Benz fuels up its contribution to child and road safety initiatives. China reportedly hits Microsoft with major back tax bill. Henan allocates billions of dollars in incentives to attract Foxxconn and other multinational corporations (MNCs). China-South Korea Free Trade Agreement (FTA) expected to prompt increased Chinese investment in South Korea. Politics and competitive dynamics pressure Japanese carmakers in China. Indian Prime Minister Modi ensures supportive environment for Nissay’s investment in Reliance. Honda under fire in US for failing to report accidents and deaths for past 10 years or so. Japan looks to expand financing for defense exports and cooperation. Australia struggles to maintain a high level of foreign investment in major mining projects. Indonesia announces ambitious plans for technology and industrial parks.

MNCs in the News-2014-11-14

China revises Foreign Direct Investment (FDI) Catalog to open sectors and eliminate investment restrictions. Caterpillar lured by Silk Road Initiative. Lull in pressure on foreign firms in China offset by new challenges at the township level. Data on the impact of China’s “tightening” regulatory environment on FDI trends is mixed. Mexico’s cancellation of a Chinese-consortium’s winning high-speed rail bid prompts Chinese government expressions of surprise, regret, and caution. Chinese real estate investment in Japan continues to rise. Political issues in Africa affect Chinese shipper CJ Smart Cargo Group’s investment and operating decisions. Japan hosts Japan-Africa forum to encourage Japanese firms to invest in Africa. Mitsui Sumitomo Bank and Tokyo University of Agriculture and Technology pursue agricultural cooperation with the UAE. Honda’s expanding Takata air bag related recall draws regulator and politician attention. US businesses seek to work with Indonesian government to help it realize a number of investment goals. APEC CEOs hear Chinese President Xi Jinping stress the need for the Asia-Pacific to enhance its physical and institutional infrastructure.

MNCs in the News-2014-10-10

Intel to chip in billions in two Chinese mobile chipmakers. FT analysis of Chinese anti-trust actions fails does not conclusively reveal any anti-foreign bias. Microsoft and China work to coordinate a trustworthy antitrust investigation. Let the Microsoft Xbox games begin as Xbox One launches in China. iPhone 6 and 6 Plus get connected in China. Chinese clothing contract manufacturers and end buyers tighten their belts. Long running China-European Union telecommunications dispute set to get hung up. Sino-German investment cooperation grows with billions of dollars in deals. Japanese banks set up fund in partnership with Middle East investors that will support agricultural investment and Japanese agricultural exports to the Middle East. Three Japanese mega financial institutions bank on new opportunities in Myanmar after receiving licenses. Japanese banks expand in South America to support Japanese firms investing and building infrastructure in the region. Japan moves to export its police station system to South American in order to improve the security environment for Japanese firms. Chinese investment flows into Korea raise dependency concerns. Indonesia touts attractiveness of Indonesia investment environment under President-elect Jokowi. Taiwan moves to boost overseas investment by domestic insurance companies. Taiwan Business Alliance conference in Taipei yields record amount of investment pledges by foreign firms.

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