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The Latest Breaking News from Foreign Investment

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

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.

Al Jazeera

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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.

AAP

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)

Reuters

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.

Newcastle Herald

Labor backs critical minerals mining boom

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

AAP

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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…

Asharq Al-Awsat

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

Caixin Global

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.

Bangkok Post

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.

The Conversation

North outperforms rest of country in attracting foreign investment

Report from the Northern Powerhouse Partnership highlights big rise in overseas investments, which have helped to create tens of thousands of jobs

Birmingham Post

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Bangkok Post

Chamber says now is the time to attract investment

Although the weakened currency affects the import sector, the Thai Chamber of Commerce sees the slide of the baht as a good opportunity for Thailand to rev up foreign investment.

Reuters

Biden tells foreign investment panel to screen deals for data, cyber risks

U.S. President Joe Biden on Thursday directed the committee that reviews foreign investment for national security risks to sharpen its focus on threats to sensitive data, cyber security and areas such as microelectronics and artificial intelligence.

The Independent UK

Biden order to sharpen foreign investment screening process

President Joe Biden is set to sign an executive order that aims to sharpen the national security considerations taken in the federal government’s review process for foreign investment in the United States

Bangkok Post

Foreign firms inject B73.6bn

Thailand has attracted more than 73 billion baht in foreign investment during the first seven months of the year, government spokesman Anucha Burapachaisri said.

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Reuters

Cuban entrepreneurs hope for room to grow as the government ponders reform

For those seeking proof that even modest foreign investment can help propel Cuba's fledgling entrepreneurs, look no further than Oscar Fernandez's Havana-based dried fruit business.

Bangkok Post

Cuba authorises foreign investment in wholesale, retail

HAVANA - The Cuban government has announced it will allow foreign investment in domestic wholesale and retail trade for the first time in 60 years, in a move aimed at addressing critical shortages of goods.

Reuters

Cuba cracks open door to foreign investment in domestic trade

Cuba plans to allow some foreign investment in local wholesale and retail trade for the first time since Fidel Castro's 1959 revolution, the government said late on Monday, in a bid to dig out of the island nation's worst economic crisis in decades.

Asharq Al-Awsat

Saudi Arabia Develops 33 Tools to Protect National Products

Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef said that the Saudi market has contributed to building strong local industries that compete in international markets, adding that work was underway to develop 33 tools that limit unfair competition practices. Saudi Arabia joined the World Trade Organization (WTO) in 2005…

Asharq Al-Awsat

Foreign Capital Represents 39% of Saudi Industrial Sector Investments

The Ministry of Industry and Mineral Resources said on Sunday that foreign or joint capital investments represent about 39 percent of the total investments in the industrial sector in the Kingdom. The ministry also revealed that the total number of existing and under construction factories until the end of last…

Bangkok Post

Foreign investments soar in first 6 months

Investments by overseas companies registered under the Foreign Business Act (FBA) rose by 73.5% year-on-year in the first six months of 2022, led by Japan, Singapore and the US, driven by the government's investment promotion policy.

Bangkok Post

BOI welcomes Hong Kong Economic and Trade office and Hong Kong Trade Development Council

Mr. Narit Therdsteerasukdi, Deputy Secretary General of the Thailand Board of Investment (BOI), together with Ms. Ratchanee Wattanawisitporn, Executive Director of Foreign Investment Marketing Division, welcomed Mr. Sheung-Yuen Lee, Director of Hong Kong Economic and Trade Office, and Mr. Peter Wong, Regional Director, South East Asia and South Asia, Hong…

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