LG

MNCs in the News-2017-12-15

China Banking Regulatory Commission (CBRC) announces plan to ease requirements for foreign banks wanting to conduct yuan trading. Government restrictions put brakes on the progress of foreign autonomous vehicle development in China. Wisconsin to power it up to meet future Foxconn plant’s electricity needs. Economist Intelligence Unit finds that the United Kingdom’s attractiveness to Chinese investors dropped severely from 2015 to this year. Japan and the EU conclude talks on a free trade deal, however investment dispute settlement issues remain unresolved. Toshiba and Western Digital end legal battle over flash memory unit sale, though antitrust screening in big global markets could obstruct the unit’s sale. Samsung and LG expanding employment and investment in Vietnam in the wake of Hanoi’s efforts to attract foreign companies. Hyundai Motor Co. sets up JV in Indonesia in wake of South Korean President Moon’s New South Policy. Indonesia’s Gunung Steel Group and China’s Shenwu Technology Corp to build USD $3 billion steel plant in line with Jakarta’s goal to increase country’s steel production capacity. Singapore’s APRIL Group lodges case against Indonesian government through its Indonesian unit RAPP. Thai Beverage only foreign firm to bid for large share in Vietnam’s state-owned brewing company Sabeco. Jacobs Douwe Egberts to buyout Malaysia’s OldTown with deal conditional upon approval from Malaysian antitrust authorities. BRG Group and Sumitomo Corporation to finalize plans for USD $4 billion smart city in Hanoi as local government pledges to create favorable conditions for its execution.

MNCs in the News-2017-11-24

Skype loses Apple app store connection in China due to government regulation. Illegal overtime at Apple supplier Foxconn plant in Henan stopped. Chinese official reports Chinese firms employed more than 1.3 million people abroad in 2016. According to Chinese railway authorities, China has 20 overseas railway projects right now with investment around $15 billion. Bad press on Uber’s data theft cover-up may push SoftBank to renegotiate the terms of USD $10 billion investment deal due to impending legal action. Air bag maker Takata finalizes agreement to sell assets to Chinese owned Key Safety Systems to obtain cash needed to cover court imposed penalties. US trade commission’s proposed import tariffs on washing machines may lead Samsung and LG to reassess whether building new US factories would still be beneficial. South Korea’s SK Group sells used car affiliate to Australia’s Carsales Holdings in face of government barriers to further expansion. Indonesian government looking for more than USD $800 million in private foreign investment to develop tourism near Lake Toba. Real Estate Indonesia invites Japanese developers to engage in housing projects after Japan’s Prime Minister reaffirmed his country’s commitment to increasing investment in Indonesia. DHL to invest over USD $350 million to develop its IT services in Malaysia, contributing to Kuala Lumpur’s national digital transformation agenda. Nestlé selects Malaysia for global procurement hub investment as Malaysian Minister announces Kuala Lumpur strives to position the country as a preferred investment destination. Jardine Matheson and Fraser and Neave seek to increase stakes in Vinamilk as Vietnam continues to divest in its state-owned industries, albeit cautiously. Hanoi cooperating with World Bank to create new regulations to increase FDI in Vietnam as country seeks to diversify FDI sources.

MNCs in the News-2017-09-08

The China Insurance Regulatory Commission states China is moving to increase foreign involvement in the insurance sector. In conjunction with the latest BRICs meeting, State Grid of China touts its contribution to and presence in Brazil. Kawasaki Heavy Industries competing for USD $3.2 billion contract to build subway cars from New York’s state-run Metropolitan Transpiration Authority. Foxconn joins bidding process for Japanese chipmaker Toshiba’s USD $19.5 billion NAND memory technology. North Korea’s missile launch explodes USD $1.5 billion South Korea’s shipbuilding industry deal with foreign firm. Beijing Hyundai resumes operation at stalled Changzhou (China) facility, but the firm still faces many other challenges. Freeport McMoran to retain control over operations of Grasberg mine, with USD $750 million investment to be made next year. Indonesia urges APEC to boost cross-border investment by supporting micro, small, and medium enterprises. Thailand's small and medium-sized enterprises urged to invest in Mandalay, Myanmar because of favorable economic and political environments. Tien Phong Industrial Zone JSC and Russia’s Seaport of Azov sign memorandum of understanding to jointly build Vietnam-Russia Industrial Complex. South Korean investment in Vietnam continues to soar as tariffs reductions from the ASEAN-Korea free trade agreement slowly come into effect.

MNCs in the News-2015-04-24

China’s Finance Minister Lou Jiwei raises concern about US Bilateral Investment Treaty proposals. Wall Street Journal analysis reveals that many Variable Interest Entities may be at risk depending upon how Chinese treats such structures. IBM cooperation with Chinese firm and China raises concerns about the business and political implications. Huawei CEO Eric Xu raises concerns about the potential fallout of China’s new stance toward foreign information technology. The American Chamber of Commerce’s White Paper calls for numerous improvements in the general and sectoral policy environment facing foreign businesses in China. China’s Finance Minister expresses concerns about US Bilateral Investment Treaty demands. China moves to make its negative list more positive in four key free trade zones (FTZs). Jiangsu Province’s Provincial Price Bureau makes Daimler Mercedes-Benz pay a price for price fixing. Visa and MasterCard appear ready to cash in on China’s bank-card clearing market after State Council opens the market in response to a World Trade Organization (WTO) ruling. Korea moves to enrich up its Food cluster Foodpolis. Korean president Park Geun-hye visit to Latin America results in boost to Korean investment and trade. Indonesia will court Chinese investors with special “information desk” in Beijing.