Vladimir Putin

MNCs in the News-2018-07-27

China’s Ministry of Commerce (MOFCOM) drafting rules that would subject more foreign direct investments (FDI) to its national security review process. Diverse United States (US) airlines move to comply with China’s order regarding the treatment of Taiwan on their websites and in maps. Chinese mergers and acquisitions activity in the US in the first half of 2018 has plummeted versus the comparable period last year due to political and other factors. Chinese investors kicking out their European soccer club investments due to Beijing’s crackdown on “irrational” overseas FDI. Rosneft, a Russian state-owned firm, files USD $1.4 billion lawsuit against Japanese and other stakeholders in Sakhalin oil and gas project. Just days after Japan passes controversial law allowing development of three new casino resorts, Genting Singapore forms five new subsidiaries in Japan. Laos to investigate possible construction flaws after dam collapse that was built by joint venture involving South Korean, Thai and Lao companies. Korea’s financial regulator helping Korean financial firms expand into overseas markets due to saturated domestic market.

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-2017-04-28

China’s ambitions to become one of the world’s great auto manufacturers lead it to consider relaxing its limits on foreign auto investment in the United States. Recent report touts increasing volume of Chinese outward foreign direct investment (FDI) in the US and commensurate job contribution. Abe-Putin summit leads to 20 agreements for joint projects involving Japanese investment, technology transfer, and other forms of economic cooperation. Korea and US hold conference on cooperation in energy sector following the Trump administration’s new America First energy policy. Concerns over governance, transparency and competitiveness of the issuance of contracts make Perkasa demand public discussions on FDI in Malaysia. Malaysia’s health care system and medical tourism facilitate growth in the country’s inward FDI. South Korea’s Posco Group awaits Vietnamese government approval for build-operate-transfer clean coal power plant. Vietnam’s PV Gas and foreign partners to construct a USD $1.27 billion natural gas pipeline in Vietnam.

MNCs in the News-2016-11-11

China approves cyber security law despite intense lobbying by foreign business associations, firms, and governments. China reportedly is considering allowing foreign investment banks to have wholly owned operations on the mainland. China Development Bank Capital (CDBC) and Microsoft have formed a partnership to “promote technology innovation and smart city development.” Germany withdraws approval for a group of Chinese investors’ 670 million euro purchase of Aixtron. The German government is seeking greater powers to investigate and potentially block Chinese acquisitions of German companies. China has expressed concerns about Germany’s seeming new protectionist stance towards Chinese investment. German Vice Chancellor Sigmar Gabriel speaks strongly about protecting German interests and gets the cold shoulder during a visit to China. High-level officials from the United Kingdom (UK) and Britain meet to discuss new investment collaborations in the financial sector. The Japanese government pushes Japanese firms to invest in Russia to help facilitate a resolution of the Russo-Japanese Northern Territories/Southern Kurils dispute. Japanese Trade minister Hiroshige Seko and Russian Far East Development Minister Alexander Galushka agreed to promote economic development projects in Russia’s Far East ahead of a summit between their leaders in December. Japan’s JFE Engineering Corporation will start constructing greenhouses in Primorsky Krai in cooperation with a Russian federal state enterprise. The President of the Japanese chambers of commerce in Britain and the European CEO of Mitsubishi warns that more than general assurances about Brexit are needed to comfort Japanese firms in the UK. Korea and Oman establish basis for Korean companies to participate in almost $27.1 billion in energy and infrastructure projects in Oman. Korea Gas Corporation moving forward on cooperation with China National Petroleum Corporation on natural gas trading, joint international projects, and information sharing. Chinese foreign direct investment (FDI) in Indonesia has jumped following repeated high-level meetings between the Presidents of the two countries. Donald Trump’s victory dampens the opportunities for US energy companies in Indonesia. Jack Ma opts to serve as an advisor to Malaysia rather than Indonesia about the e-commerce economy. Chinese technology giants like Alibaba, Tencent, and Wanda Group have expressed their interests in participating in Malaysia’s digital economy plan. During his recent visit to China, Malaysian Prime Minister Najib Razak signed 14 memorandum of understandings totaling USD $47.5 billion. Pundits note both future opportunities and risks relating to increase Chinese investments in Malaysia.

MNCs in the News-2016-09-16

Inward foreign direct investment (FDI) in China shows growth over the previous month year over year (YOY) and for the first eight months of 2016 YOY. China’s State Council announces China will adopt a nationwide negative list by October 1. Chinese outward FDI (OFDI) dramatically jumps over first 8 months of 2016. Chinese OFDI (COFDI) surges dramatically over first eight months of 2016. British government surprise review of Hinkley Point C nuclear plant deal involving China General Nuclear Corporation (CGNC) results in approval. Chinese government and CGNC pleased by British decision on Hinkley Point C. China is major investor in Myanmar’s power sector. Peru’s President expresses concerns about the financial viability and environmental consequences of a Chinese-proposed transcontinental railway from Brazil to Peru. Brexit may drive some political realignments between Japan and Britain, though Japanese companies await developments. GM Korea President James Kim calls for an end to worker strikes and warns of adverse consequences for GM Korea. Korean Fintech firms will push the Korean Fair Trade Commission to force Apple to open its APIs for near field communication. Following high level leader summit, Korean firms win many deals in Russia. Indonesia tax amnesty fails to produce anticipated results. Indonesian minister’s proposal to soften 2009 Mining Law draws fire. Thailand reports the Sino-Thai high-speed rail initiative is chugging forward.

MNCs in the News-2016-01-15

China’s Ministry of Commerce (MOFCOM) announces that China’s inward foreign direct investment (FDI) hit $126.27 billion in 2015. Apple works to promote zero waste and solar energy programs at its China suppliers. In 2015, Apple was the largest foreign service sector tax payer in Shanghai while Shanghai Volkswagen was the largest foreign industrial sector tax payer. GAC Group becomes strategic investor in Uber. China’s outward M&A in 2015 hits record. Beijing Kunlun buys stake in gay dating ap Grindr. Japanese firms win construction deals in Myanmar’s Thilawa special economic zone. Woori Bank becomes first Korean bank to arrange Sharia-law compliant financial transaction with an Islamic bank. Indonesia and Russia pursue improvements in their investment, trade, and other forms of economic cooperation. Indonesia National Human Rights Commission calls for Japan to be attentive to possible human rights violations regarding a Japanese supported thermal power plant project. Foreign investment into Thailand in 2015 drops dramatically. Thai Industrial Association head frets that Transpacific Partnership will led to investment diversion as well as intensifying competitive pressure for Thai goods. THAI breaks tradition on bringing foreigners into managerial ranks. State-owned Vietnam Airlines welcomes investment from Japan’s ANA Holdings. Ho Chi Minh City orders Uber to pay taxes due immediately. Pressures for Vietnamese SOE reform through foreign partnerships increase, but the process proves challenging