Foreign Ownership

Latest News for: Foreign ownership

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Foreign ownership of Korean land rises 1.8% in 2022

Korea Times 31 May 2023

Foreign ownership of Korean land rose 1.8 percent in 2022 from a year earlier, the land ministry said Wednesday ... in terms of ownership, holding 53.4 percent of all land owned by foreigners.

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Dana Gas Plans to Raise Foreign Ownership Limit to 100 percent, Boosting UAE's Capital Markets

MENA FN 31 May 2023

(MENAFN) Sharjah-based energy company Dana Gas has taken a significant step towards strengthening the UAE's capital markets by announcing its intention to raise its foreign ownership limit to 100 ... .

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Chinese account for 54% of foreign-owned homes in Korea

Korea Times 31 May 2023

Chinese people account for over 54 percent of homes owned by foreigners in Korea, while Americans account for 24 percent of them, according to the land ministry's latest data on foreign ownership of land and housing in Korea ... the number of homes in the country owned by foreigners.

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Economic managers laud passage of MIF with ‘several safeguards’

Manila Standard 31 May 2023

“We think it will be important if we have a representative from the finance sector who will be capable of reviewing foreign investments and determine up to how much will foreign ownership be allowed,” he said ... details of the bill should be able to put a cap on foreign ownership.

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Sebi’s FPI mandate will be tricky to enforce, say experts

Financial Express 31 May 2023

High-risk foreign portfolio investors (FPIs), with assets of over Rs ... Many foreign funds and FPIs have struggled to establish ‘commercial substance’ or demonstrate ‘beneficial ownership’, leading to diversion of dividends to pass-through entities instead of their rightful owners.

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China's industry minister, Musk discuss EVs

The Manila Times 31 May 2023

Foreign companies are uneasy following raids on consulting firms and given the strained Chinese relations with Washington ... Tesla opened the first wholly foreign-owned auto factory in China in 2019 after Beijing eased ownership restrictions to increase competition and speed up industry development.

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China’s industry minister, Tesla’s Musk meet, discuss electric cars

The Associated Press 31 May 2023

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China's industry minister, Tesla's Musk meet, discuss electric cars

Fox31 Denver 31 May 2023

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China's commerce minister meets Tesla's Musk, promises support to foreign companies

Fox31 Denver 31 May 2023

CEO Elon Musk on Wednesday and promised to support the development of foreign companies, the ministry said ... Tesla opened the first wholly foreign-owned auto factory in China in 2019 after Beijing eased ownership restrictions to increase competition and speed up industry development.

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China’s commerce minister meets Tesla’s Musk, promises support to foreign companies

Jamaica Observer 31 May 2023

BEIJING (AP) — China’s commerce minister met Tesla Limited CEO Elon Musk on Wednesday and promised to support the development of foreign companies, the ministry said ... Tesla opened the first wholly foreign-owned auto factory in China in 2019 after Beijing eased ownership restrictions to increase competition and speed up industry development.

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Tax appeals court junks petition on Ressa case

Manila Standard 31 May 2023

shares to two foreign entities ... income from the issuance of PDRs to foreign entities, namely NBM Rappler and ON on various occasions,” it cited ... and neither did it earn any trading income from the issuance of PDRs to foreign entities, namely, NBM Rappler and ON ... is no law restricting foreign ownership in the business of the operating entity.”.

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CTA affirms decision acquitting Nobel Laureate Maria Ressa, Rappler Holdings of tax evasion charges

Manila Bulletin 31 May 2023

Ressa and Rappler Holdings Corporation (RHC) of tax evasion charges on the P162.5 million earned by the news outfit from the 2015 issuance of shares to two foreign entities ... that there is no law restricting foreign ownership in the business of the operating entity.”.

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Sebi mulls mandating additional disclosure for high-risk FPIs

The Economic Times 31 May 2023

... since the existing regulations are lax in identifying their true ownership.

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Montfort acquires Uniper’s marine fuels oil refinery in UAE

Gulf News 31 May 2023

Dubai ... Read more ... Petrol, diesel prices for June 2023 announced Global investment in clean energy is on course to rise to $1.7 trillion in 2023 ADX-listed Dana Gas opens up to 100% foreign ownership ... .

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Foreign Ministry slams Qatari paper for urging terror attacks against Israelis - exclusive

The Jerusalem Post 31 May 2023

Post-press queries to Qatar’s foreign ministry and embassy in Washington DC about the commentary by Al-Barghouti and the ownership of the paper went unanswered. The Post also reached out to Mohamed Hamad Al Marri, the editor-in-chief of Al Watan, with questions about the commentary, circulation numbers and ownership.