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MNCs in the News-2021 March

China Ministry of Commerce spokesperson says China’s new foreign investment security review will not impose unnecessary burden on normal foreign businesses. China’s National People’s Congress Standing Committee Chairman says China will press forward on efforts to combat the extraterritorial application of foreign sanctions. China Banking and Insurance Regulatory Commission gives foreign investors the right to acquire a 51+ percent stake in Chinese insurance companies. China’s economic sanctions against members of European Parliament threaten to disrupt the ratification process of the EU-China Comprehensive Agreement on Investment (CAI). Sweden’s H&M faces backlash because of its stance of working with factories in or products from Xinjiang. Chinese executives in state-owned enterprises in Myanmar say turmoil in the country has not affected Belt and Road Initiative projects. Brexit has adversely affected Japanese foreign direct investment (FDI) in the United Kingdom. The head of SBI Holdings says he will move the firm’s brokerage out of Hong Kong due to the evolving political situation. Line takes steps to limit the access of Chinese affiliates and contractors to Japanese data and shift data from Korea to Japan. Japan’s Fast Retailing suffers disruptions due to fires set at two of its Myanmar suppliers in wake of military coup. Korea advances industrial cluster scheme to increase its local production capabilities in the wake of tensions with Japan and Covid-19 related disruptions. In response to complaints, Google Korea will lower in-app purchase commission for smaller app developers. South Korean companies partnering with Chinese internet platform and fintech firms worry that Beijing’s increasing regulation of the latter may adversely affect their joint ventures. The governor of Georgia asks US President Biden to overturn a United States International Trade Commission ruling that threatens a SK Innovation factory in Georgia.

MNCs in the News-2017-11-03

The door partly closes on North Korean businesses in China as Beijing tightens sanctions. Analysis reveals Springer Nature has been blocking access to articles in China. Consultancy report highlights expectations of greater Chinese outward investment over the next 12 months with the Belt and Road Initiative anticipated to be a key causal force. The Philippines secures USD $6 billion in Japanese investments after President Duterte’s official visit to Japan. Mitsui Engineering and Shipbuilding Co. to build crane manufacturing plant in Indonesia’s Batam Island free trade zone to take advantage of incentives. South Korean government hopes to prepare host of large-scale investments in China to be announced during upcoming China-South Korea summit. South Korea’s Ministry of Trade, Industry and Energy to decide upon approval of LG Display’s politically sensitive proposed multibillion-dollar OLED production facility investment in China. Indonesia’s FDI shows good growth in the third quarter. Indonesia’s Finance Minister challenges stigmas associated with Chinese investment. Central Group and JD.com announce USD $528 million open system online marketplace JV that links to government’s 4.0 initiative. Thailand’s state-owned PTT Exploration and Production booked another impairment charge due to its delay in moving ahead with investment on its Canadian Mariana Oil Sands project. In its annual report, the Malaysian government stresses positive impacts of the Belt and Road Initiative for the country and the region. Japanese ODA programs increasingly attracting Japanese investors to Vietnam. Vietnam expects USD $30 billion FDI by end of 2017 with majority of investment coming from APEC countries.