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The Latest Breaking News from Foreign Investment

Why TikTok's Security Risks Keep Raising Fears

TikTok is once again fending off claims that its Chinese parent company, ByteDance, would share user data from its popular video-sharing app with the Chinese government, or push propaganda and misinformation on its behalf. China’s Foreign Ministry on Wednesday accused the United States itself of spreading disinformation about TikTok's potential…

Asharq Al-Awsat

The TikTok wars – why the US and China are feuding over the app

The US says the extremely popular video-sharing app ‘screams’ of national security concerns and considers a countrywide ban

The Guardian - US

Delhi HC disposes of plea against FIPB approval to Air Asia

The Delhi High Court on Wednesday disposed of a public interest litigation (PIL) moved by BJP leader Dr Subramanian Swamy after noting his submission that there is no foreign investment in Air Asia airlines as of today. Read further on Dynamite News:

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Denied Chinese rare earth bid ‘helps mitigate risk’

Treasurer Jim Chalmers has rejected a Chinese investment fund's bid to increase its stake in a rare earth company on national security grounds.

The New Daily

Denied Chinese rare earth bid 'helps mitigate risk'

Treasurer Jim Chalmers has rejected a Chinese investment fund's bid to increase its stake in a rare earth company on national security grounds.

AAP

Federal government blocks Yuxiao Fund's bid to increase its stake in Northern Minerals

Treasurer Jim Chalmers blocks Yuxiao Fund's application to the Foreign Investment Review Board to increase its stake in Northern Minerals Limited from just under 10 per cent to nearly 20 per cent.

ABC News

Foreigners set to invest B100bn this year

The Commerce Ministry remains bullish about Thailand's foreign investment prospects, forecasting a minimum of 100 billion baht in inflows this year.

Bangkok Post

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Xi Says China Must Boost Consumer Spending, Foreign Investment This Year

The president stresses the importance of consumption in bolstering the economy at a key annual meeting to set the economic policy agenda for 2023

Caixin Global

Eurasian Resources to Launch Long-term Investment in Saudi Arabia

Eurasian Resources Group (ERG) has announced its intention to invest in the Kingdom’s mining sector for the long term to expand its presence in the region. Benedikt Sobotka, CEO of ERG, said that the Future Minerals Forum, which was held in Riyadh in January, revealed the enormous mineral capabilities of…

Asharq Al-Awsat

Bank of Israel governor says judicial reform could hurt economy – reports

Amir Yaron said to have warned PM that erasing democratic checks and balances could deter crucial foreign investment

The Guardian - UK

South Korea to scrap stocks registration rule for foreigners

Financial Services Commission says details for improving environment for foreign investment will be unveiled next week.

Al Jazeera

Saudi Crown Prince Launches Investment Fund on Culture, Tourism, Entertainment, Sports

Prince Mohammed bin Salman, Crown Prince and Prime Minister, announced on Tuesday the launch of the Events Investment Fund (EIF) that aims to develop a sustainable infrastructure for the culture, tourism, entertainment and sports sectors across the Kingdom, reported the Saudi Press Agency. Crown Prince Mohammed will act as chairman…

Asharq Al-Awsat

Romania quietly catches up with richer neighbours, helped by EU cash

Romania's economy is set to outpace its stagnating neighbours this year, helped by European Union funding, currency stability and foreign investment driven in part by reshoring from Russia and Ukraine.

Reuters

Exclusive-Canada seeks progress in dispute over Mexican energy policies at summit

Canada and the United States are going to argue at a North American leaders' summit next week that resolving a dispute over measures that favor Mexican energy companies would help draw more foreign investment to Mexico, Prime Minister Justin Trudeau said on Friday.

Reuters

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Al Jazeera

Indonesia’s bid to woo investors complicated by ‘sex ban’ code

Southeast Asian country’s businesses community is divided on how revised code will affect efforts to attract investment.

AAP

Morrison sought foreign investment powers

Documents have been released showing former prime minister Scott Morrison sought to be sworn in as treasurer to hold foreign investment review powers.

Reuters

Canada proposes overhauling foreign investment rules to tackle security risks

(This Dec. 7 story has been corrected to delete the phrase saying that only one deal had been previously blocked under the Investment Canada Act, in the ninth paragraph)

Newcastle Herald

Green light for offshore wind collaboration

The Foreign Investment Review Board (FIRB) has granted approval for Norwegian energy company Equinor to invest in Oceanex's NSW offshore wind project entities.

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AAP

Labor backs critical minerals mining boom

The treasurer says foreign investment and bolstering local manufacturing will be central to a refreshed critical minerals strategy.

Asharq Al-Awsat

Saudi Arabia, South Korea to Cooperate on 40 Projects, Economic Initiatives

The Saudi Minister of Investment, Khalid al-Falih, revealed that 26 agreements were concluded with a total value of about $29 billion during the visit of the Saudi Crown Prince, Prince Mohammed bin Salman, to South Korea. Falih confirmed to Al Arabiya channel that the Shaheen project is the biggest foreign…

Caixin Global

Weekly Must-Read: Will Europe Pour More Money Into China?

As dramatic geopolitical changes alter the calculus, foreign investment from Europe more than doubles this year after three years of decline

Bangkok Post

Firms use summit to calm furore

The business sector plans to use the Apec CEO Summit to stimulate foreign investment and defend the government's contentious proposal to allow foreign investors to own land in Thailand.

Bangkok Post

Chamber pledges to help BoI revitalise measures

The Thai Chamber of Commerce (TCC) has proposed the Board of Investment (BoI) increase the number of one-stop service centres; improve promotional privileges for all industries across the value chain, including pet food production; encourage joint ventures and regional headquarters in the country; and open more service businesses to foreign…

Bangkok Post

BoI overseas roadshows focus on Japan

The Board of Investment (BoI) is preparing to organise roadshows overseas, with Japan the first destination, as it aims to bolster foreign investment in five categories emphasising creativity and high technology.

The Conversation

Foreign investment into Nigeria has fallen sharply: rights and freedoms may be one reason

Nigeria has always managed to attract foreign direct investment despite its poor economic outlook. This is thanks to its oil reserves and the consumption potential of its large population.

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