Philippines Manila Water Company

MNCs in the News-2018-02-23

China to use mechanism of internationalization including inward foreign direct investment (FDI) in mixed ownership reform to enhance ability of state-owned enterprises. For 2018, Guizhou aims for $150 billion in investment money from outside the province including small and medium-sized enterprises from foreign countries. Chinese outward FDI in January 2018 jumps over same period a year earlier. Chinese government constraints on outward FDI become even tighter. Japanese airbag manufacturer Takata receives US court approval for its bankruptcy exit plan. Japanese steelmaker JFE Holdings concerned Trump's protectionist rhetoric could impede own investment plans to build US based plant. Korea Expressway Corporation signs MoU for Indian highway construction following agreement between Korean and Indian government to support USD $10 billion in Indian infrastructure. GM proposes investing USD $2.8 billion in its Korean operations, but calls for government assistance to maintain its remaining plants. Russian diversified energy holding company Inter Rao seeking to develop Indonesia's Bandar Kayangan Global Hub. Finance Minister says Indonesia to revise tax incentives to attract more investment. Thailand's government approaches Japanese robotics maker and other engineering manufacturers to build facilities along its EEC. Manila Water Company acquires 18.72 percent stake in Thailand's Eastern Water to enter Thailand's EEC. Thailand's Superblock Pcl plans to invest USD $1.76 billion to build wind farms in Vietnam in sync with Hanoi's renewables policy.