Video PlayerClose WELLINGTON, Nov. 19 (Xinhua) -- The New Zealand government is delivering on its promise to protect people's interests by applying a new national interest test to the sales of the most sensitive and high-risk assets to overseas buyers. Associate Finance Minister David Parker said under current Overseas Investment Act rules, assets such as ports and airports, telecommunications infrastructure, electricity and other critical infrastructure are not assessed through a national interest lens. "We are introducing a number of new powers, consistent with global best practice, to protect New Zealanders' best interests in such important - often monopoly - assets," Parker said. Responding to concerns about overseas investment in water bottling, the government will also require consideration of the impact on water quality and sustainability of a water bottling enterprise, when assessing an investment in sensitive land, he said. The changes follow last year's reform that … [Read more...] about New Zealand adds national interest test to overseas investment rules
Tepco overseas investment
Experts warn that if state-owned enterprises (SOEs) make outward investments, the state would lose capital. Reports all show state-owned economic groups and general corporations have bad business performance and many of them have fallen into deadlock. VietinBank opens its branch in Laos The low capability of SOEs is blamed on the lack of a mechanism that promotes competition. In order to encourage competition, an economist, at a recent workshop on SOE reform, suggested a policy which forces SOEs to make outward investments. When doing this, SOEs will have to compete with rivals in the international market. If enterprises can export their products to choosy markets, this means that they have high competitive capability. When doing this, SOEs will have to compete with rivals in the international market. If enterprises can export their products to choosy markets, this means that they have high competitive capability. The economist cited China as an example. The country has … [Read more...] about Should SOEs make outward investments?
India has set a target of exporting military equipment worth $5 billion by 2025, Defence Minister Rajnath Singh said here on November 18, inviting global defence majors to be part of India growth story.In an address at a seminar on 'India rising', he said the Modi government was committed to make the country a major hub of defence manufacturing and transform it into a $26 billion industry in the next six years.Singh said $10 billion investment in aerospace and defence goods and services was expected by 2025 which could provide employment to 2-3 million people.Close He is in Bangkok primarily to attend the ASEAN Defence Ministers' Meeting-Plus (ADMM-Plus) grouping, a platform comprising ASEAN and its eight dialogue partners including India. related news BJP to expel rebel leader contesting bypoll as independent NITI Aayog mulls healthcare system for middle class The defence minister said a new policy for transfer of technology (ToT) was being formulated to simplify the … [Read more...] about Rajnath Singh invites defence majors to invest in India
Email By Erwin Renaldi and Tracey Shelton Updated October 18, 2018 11:55:22 Photo: AidWatch said the $5.5 million Australia pledged in relief aid to Indonesia was a diplomatic initiative. (AP: Aaron Favila) Related Story: Indonesia disaster death toll rises as rescuers lose signs of life beneath hotel debris Related Story: Foreign aid workers told to leave Indonesia quake zone Related Story: Australia pledges $5m in aid to Indonesia with time running out for trapped survivors Related Story: Australians urged not to 'turn a blind eye' to devastation in Indonesia Map: Indonesia Australia pledged $5.5 million in relief aid to Indonesia earlier this month in the wake of an earthquake and tsunami that killed more than 2,000 people and displaced millions more, but the pledge has sparked an online backlash over how Australian aid money to Indonesia is being spent. Key points:Foreign aid accounts for around 0.8 per cent of the Australian Federal BudgetIndonesia received $359 … [Read more...] about Australians question how aid money is being spent in Indonesia after shift to ‘aid investment’
Video PlayerClose BEIJING, Nov. 18 (Xinhua) -- Senior Communist Party of China (CPC) official Wang Huning Monday met with representatives to the fifth general congress of the China Federation of Overseas Chinese Entrepreneurs (CFOCE) in Beijing. Wang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and a member of the Secretariat of the CPC Central Committee, joined the participants for a group photo at the Great Hall of the People. At the congress, representatives elected new leadership and adopted resolutions concerning a work report of the CFOCE's fourth board of directors and the chamber of commerce charter. The CFOCE, founded in 2003, is a non-profit national organization composed of well-known overseas Chinese entrepreneurs who invest and start businesses in China. … [Read more...] about Senior CPC official meets overseas Chinese entrepreneurs