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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. 102 No. 203                                                    January 3, 2009

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 (01-03-09)

 

. ASEAN moved to forge an EU-style community, signing a charter that makes a legal entity for the first time and would pave the way for creating a single market within 7 years. It set out a common set of rules for trade, investment, environment and other fields.

     . One of the key goals is to establish a single market by 2015 for the vast and diverse region of 500 million people, though the deepening global financial crisis and political instability in several member states could derail those plans.

     . The most controversial part of the charter is proposed human rights, detail of which will be hammered for approval at an ASEAN summit in Thailand, scheduled to take place in February. But it will have no ability to impose sanctions on equal countries that violate the rights of its own citizens, limiting its effectiveness.

     . China is considering ships to fight pirates off the Horn of Africa in what would be the country’s first significant naval combat mission since the 15th century.

 

. Wo Weihan was once a respected scientist with his own medical research lab in Beijing. For copying articles from missile technology magazines in public library, buying 4 night vision equipment scopes, gathering information about the health of senior government leaders and collecting documents from a local CCP conference, he was branded a spy and executed in November 2008.

     . His is one of the several executions that highlight secrecy, lack of due process and uneven application of the law that cover capital cases after China started a radical overhaul of the way it handles the death penalty.

     . Starting in 2007 China began for the first time in more than 2 decades to require final review of every capital case by the Supreme People’s Court. The hope was to reduce the number of executions and bring some consistency to a process that had been handled unevenly by the lower courts. Chinese courts handed down 30% fewer death sentences in 2008 compared to 2006.

 

. Defendants on death row continue to be executed from such nonviolent crimes as illegal fundraising, graft, drug dealing and espionage. They were prosecuted and dispatched with lack of transparency, according to Chinese lawyers who complain of blocked access to their clients and say many confessions were coerced.

     . There are double standards: officials accused of embezzling millions receive suspended death sentences that spare their lives while ordinary citizens convicted of stealing far less die by lethal injection or a singe gunshot to the head, according to lawyers and records.

     . China remains the world’s top executioner. It carried out 5k to 6k executions in 2007. That same year, the US executed 42 people. On a per-capita basis, China is estimated to have carried out 30x the number of executions than the US did.

 

. Putting workers on forced unpaid leave, often for one or more days a week, is a tactic being adopted around the world as firms seek to cut costs and keep skilled workers on the payroll, even if there is little work to do, so that they will have resources when orders pick up.

     . Employment specialists say the phenomenon is not unique to Taiwan and is used more broadly by manufacturers in cyclical industries, ranging from electronics maker in South Korea to car makers in UK, and manufacturers in Germany.

     . In one of the clearest and most sobering signs of the times, TSMC, the world’s largest contract chipmaker and one of Taiwan’s most profitable firms, said it will roll out its own forced leave without pay systems in 2009. TSMC’s main rival, UMC, is taking similar measures.

 

. Philippine Airline flight from Manila to Zamboanga (12/26) was unable to land on schedule because there were no traffic controllers around to answer request to approach the runway. Traffic controllers, who apparently were still in a Christmas holiday mood, came in late for work.

     . Government troops have surrounded hundreds of rogue Moro Islamic Liberation Front rebels who attacked civilian communities in North Cotabato and Sultan Kudarat (12-23-24).

     . Data from Bangko Sentral ng Pilipinas showed that while credit card receivables grew by 1.5% to P124.4 billion, the growth was a fraction of a quarterly average of 10% and the previous quarter’s 30.8% growth.

 

. A young, Oxford-educated opposition leader, Abhhisit Vejjajiva, was elected P.M. of Thailand in a parliamentary vote, taking on the challenges of political turmoil and economic crisis that have wounded 2 previous Thai governments this year.

     . Democrat-led government is under criticism from its members over plans to appoint former career diplomat Kasit Piromya as foreign minister, given the latter’s close affiliation with the People’s Alliance for Democracy, that he would be more of a liability than an asset.

     . A. Grimm Group, the giant industrial conglomerate, is planning to spend 25 to 30 billion baht to expand its business over the next 6 years by focusing on the energy, cooling & healthcare and lifestyle sectors.

. South Korea, which imports all its oil, is trying to cut reliance on crude and diversify energy sources after oil prices in NY climbed to a record $147.27 a barrel in July. It will build 12 more nuclear-powered plants, 7 coal-fired plants and 11 fueled by liquefied natural gas by 2022, the Ministry of Knowledge Economy said (12/22).

     . The cost of nuclear-power generation is 3 won per kilowatt compared with 22 won at coal-fired plants and 89 won for gas, according to the ministry. Nuclear plants will provide 48% of generating capacity by 2022, up from 34% in 2008. It will reduce resilience on oil-fired plants to 0.2% from 1.9%.

     . SK will invest 100 trillion won in alternative energy by 2030. It targets a 44-fold increase in supply of solar power to 3,504 megawatts, a 37-fold gain in wind power to 7,301 megawatts and a 19-fold increase in bio-fuels supply.

 

. The Indonesian government may further cut prices of premium gasoline and diesel on January 15 hinting it may even partly or entirely float the prices of the 2 subsidized fuels to keep in line with global crude prices. If it happens, it will be the third price cut since early December.

     . Thousands of Aceh residents held communal prayers at places of worship across the province (12/26) as they honored victims of the devastating 2004 tsunami that claimed hundreds of thousands of lives. Demonstrations were held in some cities demanding audit of the Rehabilitation & Reconstruction Agency’s performance and seek its accountability.

     . VP Jusuf Kalla said that working harder to mitigate the fallout from the global financial downturn would gift the current administration enough political credit to win a second term in office in 2009. He went on to say that Indonesia’s economic situation was currently under control with fallout not expected to be as severe as US.

 

. The Personal Income Tax Law will take effect 1/1/09 in Vietnam as scheduled but Party Politburo will make the final decision on how it will be enforced, the Vice Speaker of the Parliament said. There have been calls for deferment because of possible impact in the context of economic slowdown.

     . The central government has requested the People’s Committees of six northern mountainous provinces to restrict residents migrating to the Central Highlands Dak Lok Provinces.

     . The Ministry of Science & Technology (MoST) will install detecting devices on retail gasoline pumps across the country after widespread fuel fraud was found at gas stations.

 

. The UN s trying a new approach towards Myanmar: entice the generals with fresh promises of development money in exchange for the freedom of more than 2k political prisoners, including Aung San Suu Kyi and to open the country to democratic change.

     . In the months ahead, UN leadership will press the Obama administration to relax US policy on Myanmar and open the door to return of international financial institutions, including the World Bank. The bank left in 1987 because Myanmar did not implement economic and political reforms.

     . Critics characterize the strategy as desperate attempt to salvage a diplomatic process that has deteriorated UN envoy Ibrahim Gambari is simply grasping to show progress in moving a regime that has no intention of embracing democratic reform.

 

. Indian P.M. Manmohan Singh tried to allay fears about possibility of war with neighboring Pakistan saying nobody wants war. His comments came amid rising calls in India for military action and a day after Pakistani air force conducted war-training exercises with fighter jets above the country’s major cities.

     . The two nuclear-armed nations have hurled angry rhetoric since India accused “elements” in Pakistan of planning the 3-day siege in Mumbai that left at least 170 dead, including 6 Americans, and injured more than 230. Pakistan has offered to help in a joint probe and has detained some suspects, but India deemed the steps cosmetic and has demanded more effective action.

     . India’s foreign minister has said on two occasions the government was keeping all options open, implying the possibility of military action. Pakistani army chief of staff said his country’s armed forces are fully prepared and would react within minutes of any military strike by India.

 

. The dancing girls of Lahore, the cultural capital of Pakistan, are on strike in protest against the tide of Taliban ization that is threatening to destroy an art form that has flourished since the Mughal Empire.

     . The strike, which is supported by the theaters where they perform, was sparked by Lahore’s High Court to ban the Murjna, the graceful and elaborate dance first developed in the Mughal Court 400 years ago, on the grounds that it’s too sexually explicit.

     . The government and its goons should know better that you cannot legislate morality. They tried it in the 1980s. The government tried to encourage “family friendly” dances, but once-packed theaters are now nearly empty, despite dropping their prices from 300 rupees to 25 rupees a seat.

 

 

 

 

 

 

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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