Japan Tender and Business News

Bombardier Accuses Mitsubishi of Stealing Aircraft Trade Secrets

On October 19, Canadian aircraft manufacturer Bombardier filed suit in Seattle against Mitsubishi Aircraft Corporation, Aerospace Testing Engineering & Certification Inc. (AeroTEC) and a number of former Bombardier employees, alleging the former employees conspired with Mitsubishi and others to steal trade secrets.

Japan Readies Major Sales Tax Hike

The increasing costs of supporting an aging population, increased natural disaster costs, and one of the highest debt-to-GDP ratios are all driving Japan to raise its consumption tax to 10% a year from now.

Softbank and Toyota Form Major Integrated Mobility Tech Company, MONET

SoftBank Corporation, a major Japanese financial investment company with strong partnership in the mobility sector, and Toyota Motor Corporation, are forming a major strategic partnership, MONET Technologies, to bring together everything from vehicles, IoT, smartphones and sensor devices in a unified ecosystem.

Xi'an Demonstrate Unique Approach to Fighting Poverty Using E-Commerce

The ancient Chinese city of Xi'an, which was host city for the 7th APEC E-Commerce Business Alliance Forum, was a showcase for a unique approach to fighting poverty using e-commerce. The learning here are about to roll out across the rest of APEC as a means of fighting poverty throughout the region.

Philippine LNG Facility Draws 6 Foreign Bidders

While detailed requirements for it are still being drawn up, the state-run Philippine National Oil Co. (PNOC)’s proposed liquefied natural gas (LNG) facility has drawn strong interest from some of the biggest players in the business.

Mitsubishi and Singapore Gov Affiliate Company Form Major Urban Development JV

With an eye to the growing importance of urban development especially in Southeast Asia's emerging economies, Mitsubishi Corporation (MC) and Surbana Jurong (SJ), a wholly-owned subsidiary of Temasek Holdings, a Singapore government affiliated investment company, have formed a joint venture targeting acquisition of $2.5 billion in urban development projects in Asia.

South Korea's Daewoo To Build Buses in Myanmar

Up until now, Myanmar has imported most of its buses. A new joint venture between the Myanmar government and South Korea’s Zyle Daewoo Commercial Vehicle is going to change all that.

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