United Nations

MNCs in the News-2018-05-04

China’s financial sector opening seems to be bearing fruit in terms of catalyzing applications by foreign firms to enter the China market. China’s liberalization of its aircraft sector giving flight to new opportunities for foreign companies in the aviation industry. In partnership with Irish development authorities, Chinese pharmaceutical firm makes major greenfield investment in Ireland. Chinese accountancy expands in the United Kingdom (UK) to service growing China-UK investment and trade. Hitachi considering Taiwan plant as Asian hub after winning bid for Taiwan Power offshore wind turbines project. Japanese traders competing to expand poultry businesses by importing from abroad after Japanese ministry sanctioned the import of Turkish chicken. Korean battery manufacturers such ramping up investment in China in preparation for the end of Beijing’s electric vehicle subsidy. Following historic summit between the two Koreas began plans for joint development projects and South Korean investment into the North. Arkema and CJ CheilJedang to invest over USD $300 million in Malaysian Kerteh Biopolymer Park as Malaysian, French and Korean authorities jointly promote facility.

MNCs in the News-2017-11-03

The door partly closes on North Korean businesses in China as Beijing tightens sanctions. Analysis reveals Springer Nature has been blocking access to articles in China. Consultancy report highlights expectations of greater Chinese outward investment over the next 12 months with the Belt and Road Initiative anticipated to be a key causal force. The Philippines secures USD $6 billion in Japanese investments after President Duterte’s official visit to Japan. Mitsui Engineering and Shipbuilding Co. to build crane manufacturing plant in Indonesia’s Batam Island free trade zone to take advantage of incentives. South Korean government hopes to prepare host of large-scale investments in China to be announced during upcoming China-South Korea summit. South Korea’s Ministry of Trade, Industry and Energy to decide upon approval of LG Display’s politically sensitive proposed multibillion-dollar OLED production facility investment in China. Indonesia’s FDI shows good growth in the third quarter. Indonesia’s Finance Minister challenges stigmas associated with Chinese investment. Central Group and JD.com announce USD $528 million open system online marketplace JV that links to government’s 4.0 initiative. Thailand’s state-owned PTT Exploration and Production booked another impairment charge due to its delay in moving ahead with investment on its Canadian Mariana Oil Sands project. In its annual report, the Malaysian government stresses positive impacts of the Belt and Road Initiative for the country and the region. Japanese ODA programs increasingly attracting Japanese investors to Vietnam. Vietnam expects USD $30 billion FDI by end of 2017 with majority of investment coming from APEC countries.

MNCs in the News-2016-02-12

Shanghai Zhangjiang National Innovation Zone allows new possibilities for foreign pharmaceutical companies to focus on their core competencies. Sharp’s acceptance of a buyout bid from Foxxconn suggests Japan really may start to welcome more foreign direct investment (FDI). Japan’s Mitsubishi willing to do all work in Australia to win major Australian next generation submarine contract. Gaeseong Industrial Complex falls victim to tit-for-tat between South and North Korea over the latter’s missile and nuclear tests. Daewoo Engineering & Construction wins project commissioned by Indian state-run enterprise at a time of a special strategic partnership between India and South Korea. Indonesia to undertake major FDI liberalization. Indonesian filmmakers cheer opening of the film industry and cinema sector to foreign investment. Indonesian government plans to provide legal guarantee to PT Kereta Cepat Indonesia China (KCIC) for Indonesia’s high-speed rail project. Thailand’s Board of Investment (BOI) touts the successes of its new investment promotion policy and cluster-promotion scheme. Thailand’s Commerce Ministry aims to bolster the overseas investment capabilities of Thai small- and medium-enterprises. Malaysia sees greater Chinese inward FDI in the future. European Chamber of Commerce expresses its hopes for legal and policy changes during the next Filipino presidency.