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"United We Stand"

 

Asian American Business Roundtable (AABR)
 
Rawlein G. Soberano. Ph.D., President
 
20224 Thunderhead Way Suite B
Germantown, MD 20874
 
Phone: (301) 601-9038
Toll Free: 1-866-215-4365 (PIN# 4766)
Fax: (301) 601-9430
Email: aabr89@aol.com
 
 
 

AABR Business Bulletin

      Electronic Newsletter

     Vol. 100 No. 200                                                    November 17, 2008

General    Private Sector    Federal Government    International    Miscellaneous

 I. General                    Member Login

(this section available to paid members only) - TO SUBSCRIBE, CLICK HERE

II. Private Sect           Member Login

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 III. Federal Government       Member Login

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IV. International

 

               

 

IV. International (11-17-08)

 

. China warned Tibetans that the door to Tibet independence was firmly shut and would remain so, after a meeting with envoys for the Dalai Lama and ahead of a watershed gathering of leading Tibetan exiles.

     . A teenage boy who many believe is the reincarnation of the Buddha has re-emerged from the jungle in southern Nepal, attracting thousands of devotees, officials said. Some came as far away as India to see him

     . Gong Li (Memoirs of Geisha), who married in 1996, has long lived outside China and most recently in Hollywood. She caused a furor in China for embracing her husband’s citizenship (Singaporean tobacco tycoon Ooi Jhoe Soeng). They call her a traitor in China for doing so.

     . She is far from the first star to give up her Chinese nationality. Hong Kong-based action superstar Jet Li now holds US citizenship as do director Chen Kaige and his movie star wife Cheng Hong. Zhang Ziyi (star of Memoirs of a Geisha) holds a HK citizenship allowing her to travel easily while remaining a Chinese national

 

. China announced an aggressive $586 billion economic stimulus package (the largest in its history) at a time when it is struggling with increasing social unrest due to factory closings and rising unemployment.

     . In a plan that economists compare to the New Deal, the government said it would ease credit restrictions, expand social welfare services and launch an infrastructure spending program that would include the construction of new railways, roads and airports.

     . The stimulus funds, to be used through 2010, represent roughly 15% of China’s yearly GDP. China last year accounted for 27% of global growth, more than any other nation. Economists say the package may have a positive but modest global impact, softening the US recession and global downturn. What is most important is that China won’t become another drag on the world economy.

     . The number of protests in China is rising. They range from rural protests over land grabs to the recent unrest in South China over factory wages and dismissals. Many involved outrage over heavy-handed tactics by police or the wealthy for taking advantage of ordinary citizens.

 

. In the weeks of global financial crisis, Chinese officials declared they were not affected. As factory closings increased, corporate earnings dive, and stock market losses continue to mount, the Communist Party’s confidence has changed to fear.

     . There is a perception that the economy is in trouble. For the CCP, the crisis is both economic and political. In recent weeks, local governments have put up special loans for ailing companies and initiated severance payments for workers who have already lost their jobs.

     . The economic devastation has been worst in the industrial centers of S. China, areas that had thrived in recent decades by producing the electronics, clothing, toys and furniture that fill retail stores in the US. With export orders falling and rising raw material and labor costs, more than 68,000 small companies nationwide collapsed in the first half of 2008 and about 2.5 million jobs lost.

 

. China’s top envoy to Taiwan (Chen Yunlin) landed in Taipei to conclude accords on new direct links, shipping routes and other economic issues, spawning strong protests from Taiwanese opposed to closer ties with Beijing.

     . Pres. Ma Ying-jeon of the Nationalist Party said he wants to ease hostilities with China. Chen’s visit is in line with Ma’s policy of putting political differences aside to build trust by cooperating on practical business issues. Pres. Hu Jintao appears to favor a moderate approach.

     . Analysts said China sees its improved business ties as a way of winning over the Taiwanese public as well as boosting the sagging popularity of Ma’s Nationalists in hopes they will be reelected in 2012. The United States welcomes cross-trait dialogue as a means of soothing tensions.

 

. The US thwarted a suspect shipment from North Korea to Iran by persuading the Indian government to deny clearance for a North Korean flight to travel through Indian airspace, US officials said. The US suspected the Ilyushin-62 jet was carrying sophisticated technology (ballistic missile parts) that could be used in a program for WMD.

     . Kim Jong-Il’s public appearances suggest he did not have the brain surgery he was widely rumored to have undergone to repair damage from a stroke he may or may not have suffered in August.

     . South Korea has co-sponsored a UN resolution condemning North Korea for alleged human rights abuses for the first time. This is a departure from a decade of liberal rule in South Korea when it avoided taking a stand on the issue for fear of straining ties with the North and its efforts to resolve nuclear standoff.

 

. In the latest ranking of perception of government corruption by Transparency International, the Philippines dropped 10 notches from 131st in 2007 to 141st (tied with Cameroon, Iran and Yemen) in 2008 out of 180 countries surveyed.

     . The global financial turmoil is taking a heavy toll on its major conglomerates, e.g., the Lopez and Gokongwei holding companies, which reported sharp declines in net profits due to heavy foreign exchange and market losses.

     . The Commission on Human Rights admits it is unable to protect the people who approach them to report alleged human rights abuse. At the same time it is calling on people to help improve monitoring of the abuses.

 

. An Indonesian teen died of bird flu raising the death toll in the country hardest hit by the virus to 113, health officials said. The latest death comes amid an ongoing dispute between a SE Asian country and WHO over sharing samples of the virus from its patients to monitor whether the virus is mutating to a more dangerous form.

     . Three Islamic militants condemned to death for the 2002 Bali bombing that killed 202 people at the resort in Kuta, popular with western tourists were executed by firing squad. Security forces are on the alert across the country amid fear of reprisal attacks.

     . PT Bumi Resources, Asia’s biggest exporter of power-station coal will spend Rp 8.25 trillion ($696.2 million) to buy back shares to boost its falling stock prices and ease concerns its recent slide could disrupt the site of its parent company’s stake.

 

. Will India of the 21st century produce its own Barack Obama? This is the title of a debate program on a leading Indian TV channel. Ever since the US presidential election, the question keeps popping, “When will India have its own Obama?”

     . India became the 4th country to scale this historic milestone after a Moon Impact Probe with the national tri-color painted successfully on the human surface.

     . The Honda Civic hybrid enabled the country’s first hybrid car and surprised the market this month with a 40% price discount, and is now mulling on paying back customers who had bought it at the original price.

     . Violence mars the start of crucial state elections that may determine whether an early general election is called.

 

. Pakistan’s defense minister (Chaudhury Ahmad Muktar) cautioned the newly appointed head of US Central Command (Gen. David Petraeus) that launching further missile strikes in the troubled tribal areas would increase tensions between the two countries.

     . Two suicide bombers attacked pro-government tribesmen and security forces in Pakistan’s volatile Northwest killing 19 people. This is the region where Pakistani troops have clashed for months with Islamist insurgents allied with Taliban and al Quaeda involved in attacks on US and NATO troops in neighboring Afghanistan.

     . A new election law banning parties with a religious identity from contesting upcoming general polls in Pakistan is putting the army-backed government and Islamic parties on a collision course.

.    . More than 3,000 children from the subcontinent vanish every year from school and forced into arranged marriages. It is particularly prevalent in Pakistan’s communities whose parents arrange children to marry first cousins.

 

 

 

 

 

 

V. Miscellaneous   

(this section available to paid members only)  TO SUBSCRIBE, CLICK HERE                                      

Copyright 2006 By:
Rawlein G. Soberano, Ph.D.
President
Asian American Business Roundtable
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