Mitsui

Chinese Premier Li Keqiang stressed to global CEO’s that his government would be acting to create a better environment for foreign investors. Xiaomi strikes a deal to buy roughly 1500 patents from Microsoft. Political uncertainties surrounding the US presidential election expected to lead Chinese firms to become more cautious about investing in the US. United States (US) Commerce Department gives a subpoena to Huawei Technologies as part of a probe in the latter’s exports or re-exports of US technology. Alibaba says it is cooperating with a US Securities and Exchange Commission probe into its accounting practices. Newly elected Philippines’’ President Rodrigo Duterte states that he would welcome Chinese bids on two major railway projects despite bilateral tensions. Japan’s Transport Ministry raids the headquarters of Suzuki Motor Corp. as part of an investigation into the validity of the company’s fuel economy tests. Mitsubishi Materials settles case of World War II slave laborers. Mitsui is cooperating with the Malaysian government on the massive Iskandar Malaysia project. A Japanese-Indonesian consortium Bhimsena Power Indonesia will move forward on a long-delayed coal-fired power plant in Indonesia. Nissan corporate headquarters will file an administrative litigation against the South Korean government for actions taken by the Korean Ministry of the Environment against it. Korea’s Doosan Heavy Industries & Construction wins a 460 billion won deal from Kuwait’s Ministry of Electricity & Water to build a desalination plant. Experts criticize the implementation of Indonesia’s 12 reform packages. Indonesia’s Investment Coordinating Board (BKPM) touts the positive effects of its new investment licensing service, but challenges remain. BKPM pleased by Japanese interest in multi-billion dollar projects. Uber seeks Thai Transport ministry approval for its drivers. Experts call upon the Vietnamese government to tighten environmental regulations for FDI projects.

Hewlett-Packard networks to sell all or part of its H3C unit. China’s State Council opens, in principle, the domestic market to foreign clearing operations. Chinese industry association promulgates corporate social responsibility guidelines for Chinese outward mining investment. Xiaomi looks to start Indian data center to deal with worries about the security of user data. Lenovo-Google deal for Motorola Mobility concludes unexpectedly quickly. Japan and Turkey move to bulk up business and cultural cooperation. Japan rush to get gas from Louisiana shale oil plant in which Japanese firms invested. Japan expects new Indonesian trade minister’s multifaceted ties with Japan to boost economic links. South Korean court orders Japanese firm to pay compensation to World War II era slave laborers. Singapore moving to exploit multinational corporations growing interests in Southeast Asia. Taiwan’s Ministry of Foreign Affairs reports the situation of small- and medium-enterprises in China is troubled.