Multinational news round up

Article Abstract:

National and international policies and legislation of concern to multinational companies (MNCs) are reviewed. The UN Commission on Transnationals has decided not to meet formally for work on a code of conduct until mid-1987, because of obstacles in negotiations, but the research on transnationals in the service sector will continue. The European Commission has fined 15 petrochemical MNCs to deter their restrictive practices, but has postponed work on the Vredaling (multinational worker's rights) directive until 1989. The rule changes enacted by the International Labour Organisation for code interpretation processing requests are described, approval for clarification in the Bankers Trust case has been given by the Committee on Multinational Enterprises and International Investment, and the General Assembly has adopted a 'rational use of drugs' policy.

European Union. European Commission, 1986 AD, United Nations. Commission on Transnational Corporations

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Foreign investment in the Republic of Ireland

Article Abstract:

The Republic of Ireland maintains a positive policy toward foreign direct investment, although grant assistance has become increasingly selective. Labor costs in Ireland are no longer rising. These factors have contributed to a 50 percent increase in foreign investment approved for assistance during 1986. Much of these funds have gone into expanding existing plants. Foreign-owned firms account for two-fifths of the manufacturing employment in Ireland. The Irish government's Industrial Development Authority is targeting expansion of the financial services sector and Far East investors for grant assistance over the next decade.

Economic aspects, Ireland

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Debt equity swaps in the Philippines

Article Abstract:

The debt-equity program in the Philippines has not aroused the hostility to foreigners that has characterized similar programs in other developing countries. This is because the debt-equity program in the Philippines is open to domestic and foreign investors. Most of the debt-equity conversions approved by the government have involved production for priority investments, especially in businesses and industries that produce goods for export. More investment opportunities should become available as the Philippine government begins its privatization program.

Privatization, Privatization (Business), Philippines, Debt equity conversion

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