The Federal Communications Commission on 23 May proposed new rules to ensure that wireless equipment authorisations “are not compromised by entities that have been found to pose national security concerns.” In practical terms, this regulatory action would permanently prohibit entities on the FCC’s Covered List, including various mainland Chinese telecom companies, from playing any role in the programme that authorises wireless devices to be marketed in or imported into the U.S.
Foreign investors looking to take advantage of the Philippines’ recent reform and incentive package should try to gain a more comprehensive understanding of the country’s key industrial sectors, especially those identified in the Strategic Investment Priority Plan (SIPP). This will help them capitalise on the opportunities that the Philippines offers.
With decades of sustained economic growth, favourable demographics and an increasingly affluent consumer market, Indonesia represents an ideal Southeast Asian investment destination, rich in business opportunities for Hong Kong traders and service providers. To explore the various opportunities in the lucrative Indonesian market, HKTDC Research visited Jakarta and Bali in late 2023, meeting with relevant industry experts to gain their insights.
The House of Representatives on 13 March approved legislation in unusual bi-partisan fashion to ban the popular social media application TikTok – which is owned by mainland China-based ByteDance Limited – from the U.S. market unless it is sold to an entity that is not controlled by a foreign adversary of the United States.
The chair and ranking member of the influential House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party recently reiterated their concern with the risks posed by mainland Chinese foundational semiconductors to U.S. economic security.
The Bureau of Industry and Security has announced a package of rules designed to broaden and strengthen U.S. controls on exports of advanced computing semiconductors and semiconductor manufacturing equipment and items that support supercomputing applications and end-uses. BIS said these rules reinforce regulations issued a year ago that limited exports to mainland China and Hong Kong by closing loopholes and restricting Beijing’s ability to both purchase and manufacture certain high-end chips critical for military advantage.