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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
    
     Vol. 55 No. 110                                                                                             February 15, 2005

General    Private Sector    Federal Government    International    Miscellaneous

 I. General   

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

II. Private Sector   

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 III. Federal Government   

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IV. International

. An agrarian revolution in SE Asia and China has more than doubled poultry production in barely a decade, bringing pick-up trucks, air conditioning and other trappings of prosperity to hundreds of millions of ordinary Asians.

. With chickens now packed into farmyards alongside other livestock, international health experts warn that conditions are set for a bird flu epidemic that could kill millions worldwide if the virus spreads among humans. 

. In its current forms, the disease kills ¾ of the people who catch it from birds. The disease has struck 9 Asian countries. It is only a matter of time before the new strain remakes itself, unleashing a highly lethal  disease and easy to catch as an ordinary flu bug. 

. If this happens, WHO predicts 2 to 7 million people would die worldwide and the toll could reach 100 million. It has already shown traits similar to the Spanish flu pandemic of 1918 which killed an estimated 40 million people. 

. The UN said governments have given only a fraction of the money they pledged for tsunami aid and warned that more cash was needed to fund long-term reconstruction efforts. 

. Hundreds of survivors are still in need. Nations have pledged $977 million, but only $360 million has reached the world body, said the special envoy for Kofi Annan. 

. China’s trade surplus hit a record $6.5 billion in January. Other imports lagged behind a sharp rise in exports. China’s exports rose 42% from a year earlier to $50.8 billion. 

. Economists trace its export performance in part to its currency. The yuan exchange rate is tied to the dollar, giving China’s exports an advantage as the US currency losses value against other major trading currencies.    

. The difference between Wen Jiabao, who practices the humanistic policies he advocates, is closer to the people and cares for farmers, as reflected in state council policies, and Hu Jintao who has not made any resolute reforms to reflect concern for the people; instead he has hunted down and arrested dissidents on a large scale and tightened control over public opinion. 

. The Juiping comprises a historical account of the CCP’s formation and existence in China and its advocacy of violence and reception, its destruction of traditional values, and the disaster it has brought upon the Chinese nation. 

. All views collected will be taken into account by the government when drawing up proposals to improve Hong Kong’s legislature to protect copyright laws. 

. The government will appeal pay reduction judgment as inconsistent with Article 100 of the Basic Law. 

. Nonstop charter flights between Taiwan and the Chinese cities of Beijing, Shanghai, Guangzhou and Xiamen would be a step towards the end of a decades-old ban by the island on direct air links with the mainland. 

. Beijing floated long-term plans that would be a new wonder of the world—a highway linking it with Taiwan as part of a campaign to assert its claim of sovereignty over the island. 

. Japan confirmed its first human case of mad cow disease following the death in December of a man who had shown symptoms of the fatal brain-wasting illness. 

. Japanese real-estate investment trusts are for the first time publicly offering bonds, opening up a new source of funding for the sector, thanks to a change in the country’s securities laws. 

. Hanaro Telecom, one of South Korea’s largest broadband service providers, bought Korea Thrunet, and expects its earnings to rise this year, driven by a growing fixed line business and the acquisition of new customers. 

. North Korea has reprocessed 8k spent fuel rods into weapons-grade plutonium and appears to have exported nuclear material to Libya, US officials informed Asian allies. The nuclear material was uranium hexafluoride, which can be enriched into weapons-grade material if it is fed into nuclear centrifuges. 

. North Korea boasted publicly for the first time that it has nuclear weapons and said it will stay away from disarmament talks, dramatically raising the stakes in the 2-year-old dispute. 

. The Development Bank of the Philippines has earmarked at least P4.2 billion to finance hydropower projects in Mindanao in partnership with the private sector. 

. Food and beverage giant San Miguel Corporation achieved strong results last year with its consolidated net income growing, growing 10% to P8.08 billion. 

. Hundreds of Philippine marines were sent to reinforce troops in Mindanao following clashes with rebel forces of the al Quaeda-linked Abu Sayyaf movement. 

. The overwhelming victory of Prime Minister Thaksin Shinawatra in last week’s general election in Thailand came as no surprise to the press in Southeast Asia. 

. The opposition has taken its poll battle to the Election Commission which it hopes can give it the 2 seats needed to launch a no-confidence motion against the government. 

. The Finance Ministry has floated the idea of establishing a 10-billion baht trust fund to help finance reconstruction efforts for victims of the Dec. 26 tsunami. 

. Indonesia told aid workers not to venture beyond 2 cities because of what it said are militant threats. 

. Tens of thousands of Indonesia tsunami survivors will be given $4-a-day jobs cleaning up the disaster’s debris, the UN said. It is providing temporary income to people whose livelihoods were swept away by the December 26 disaster.  

. Indonesia’s Chinese minority is openly aiding disaster victims, a high profile that former Pres. Suharto would have prohibited. 

. During the Suharto era, ethnic Chinese account for less than 4%of Indonesia’s 220 million people, often were treated as second-class citizens. Now they have formed political parties, have been appointed to senior government cabinet posts and gained prominence in the arts and the media. 

. New York Life, one of the largest US life insurance companies, has withdrawn its application for a license to operate in Vietnam after waiting more than 4 years. Same is true with 3 other US insurers: Liberty Mutual, Ace International, and Marsh Inc. 

. Vietnam’s first urea plant, put into operation last month, will cut the country’s import of the fertilizer by one-third from the 2.2 million tons it usually buys abroad. 

. A Muslim cleric in Sri Lanka called the tsunami God’s punishment for straying from his “ways.” The island is 70% Buddhist, 15% Hindu, 7.5% Muslim and 7.5% Christian. 

. Tamil rebels said the killings of top political leaders and 5 others may disrupt tsunami relief work and the resumption of talks with the Sri Lankan government, which denied it was behind the attack. 

. Bangladesh will oppose inclusion of bribery& corruption issues in the proposed trade and investment framework agreement with the US. 

. The National Board of Revenue found that some 10k people concealed their real income in their tax returns for 2003-2004 fiscal year under the self-assessment scheme. 

. The phone service was restored in Nepal after King Gyanendra seized control, imposed emergency control and ordered a communications blackout.

V. Miscellaneous   

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

Copyright 2003 By:
Rawlein G. Soberano, Ph.D.
President
Asian American Business Roundtable
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Last modified: October 18, 2005