China to attract multinationals regional headquarters to Hainan
Xinhua
28 May 2021, 02:06 GMT+10
BEIJING, May 27 (Xinhua) China s commerce ministry on Thursday said it would guide the regional headquarters of multinationals to gather on the southern island province of Hainan to push the construction of the Hainan free trade port (FTP). Existing opening-up measures on fostering investment will be well implemented. Regional headquarters of multinational companies will also be guided to the Hainan FTP, Gao Feng, a spokesperson with the Ministry of Commerce, told a press conference. Notable progress has been made since the country released a master plan last June to build the island into a globally influential and high-level free trade port by the middle of the century.
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Reuters
Human Rights Watch on Tuesday joined a chorus of NGOs calling for Thailand’s state-owned oil and gas firm to not expand business ties with Myanmar’s junta while the Burmese military carries on with a bloody post-coup crackdown on protesters.
The Petroleum Authority of Thailand (PTT) has been involved in oil and gas exploration in the neighboring country for more than three decades and has paid billions of dollars in fees, taxes, royalties, and revenues, New York-based HRW said in a statement.
“But with production declining in recent years, the company has ramped up its midstream and downstream investments in the country, with the stated goal of becoming the ‘top Myanmar provider’ of petroleum products,” it said.