KERI

MNCs in the News-2015-08-07

Foreign car companies launch recalls for cars imported into and produced in China. GlaxoSmithKline rehires employee who may have revealed its bribery activities in China. China public security organs will establish network security offices in leading Internet firms. Facing soaring costs at home, Chinese textile firms invest in the US to take advantage of lower production costs. Chinese firms increasingly planting agricultural investment in places like Australia. Mitsubishi Materials arrives at a settlement with conscripted Chinese workers. Japan will send high-level minister to Iran to explore investment and trade opportunities. Korean Economic Research Institute calls for government to reduce restrictions and provide better services to improve Korea’s inward FDI performance. Australian court overturns massive Adani group (India) mine, rail, and port project in Australia. Indonesia to issue new tax holiday policy. Vietnam touts growing M&A and policies to support greater foreign investment in Vietnam. Vietnam recognizes contribution of foreign firms to promoting the sale of Vietnamese goods.

MNCs in the News-2015-07-31

Mercedes-Benz blows out over faulty fuses. China works to boost mixed-ownership of state-owned enterprises (SOEs), giving new investment opportunities to foreign investors. China’s GSR Ventures to raise USD $5 billion to support China’s quest to acquire more technology. Korea Economic Research Institute head encourages the government to take anti-hedge fund measures. Indonesia grants PT Freeport Indonesia export license, deeming they are making progress in developing their local smelter capability. Widodo lobbies China to invest more and help Indonesia become an “Asian production base.” Chinese Consul-General promises hundreds of Chinese SOEs to invest in West Sumatra. Taiwan Investment Commission approves USD $2.78 billion of outbound investment by Taiwan firms. Vietnam pushes its firms to build up their domestic and international brand names.