RDIF

MNCs in the News-2017-05-05

The Cyberspace Administration of China will begin hardware and software checks starting June 1. Foxconn Technology Group Chairman indicates it is looking at investment prospects in the United States (US) following meetings with US officials. Japanese Prime Minister Shinzo Abe asks British Prime Minister Theresa May to ensure a smooth transition for Japanese business following Brexit to limit problems for Japanese investors. Japan launches various initiatives to ease the way for greater foreign investment. Russia and Japan agree on key terms and conditions for launching a joint investment fund to boost their investment cooperation. Chinese economic retaliation due to South Korea’s deployment of the US THAAD system has potentially cost the Korean economy USD $7.6 billion. E-Mart to close China outlets by the end of this year partly due to anti-Korean sentiments flowing from Seoul’s deployment of THAAD. Japan’s bid for high-speed rail connecting Kuala Lumpur with Singapore to include financing, talent development, and collaboration with local companies. Foreign technology companies increase Singaporean investment following strong demand and government incentives. Vietnam licensed major gas pipeline project which represents its second billion-dollar foreign investment project in 2017 and an increase of total FDI. Vietnamese Deputy Prime Minister encourages Sumitomo Mitsui to increase investment in the country’s infrastructure.

MNCs in the News-2016-05-20

Chinese committee has been examining technology products (hardware, software, and other) sold by by big foreign companies for security risks. Apple CEO Tim Cook meets with Chinese officials in an additional effort to curry government favor. Beijing Automotive Industry Holding Co. has big globalization plans which include working with foreign government partners. Nissan faces South Korea fines and mandatory recall as well as consumer lawsuits over so-called emissions defeat device. South Korean CJ Group senior managers meet with top level Indonesian delegation to discuss cooperation. At forum in Seoul, Indonesian president welcomes more Korean investment and emphasizes his government’s progress in creating a better investment environment. Indonesian Energy and Mineral Resources Minister Sudirman Said meets with US companies to tout investment opportunities in the energy sector. Thailand and China continue negotiations to settle on cost estimates for the Bangkok-Nakhon Ratchasima high-speed rail project. Uber Technologies press Thai officials to legalize its services. Singaporean investors continue to remain important to Vietnam. Vietnam’s State Capital Investment Corporation and the Russian Direct Investment Fund sign MoU to establish a Russian-Vietnamese investment platform.