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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. 58 No. 116                                                                                                  May 16, 2005

General    Private Sector    Federal Government    International    Miscellaneous

 I. General   

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II. Private Sector   

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 III. Federal Government   

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IV. International

 

. Former Nazis and the German government apologized for the Holocaust and other crimes committed during WW II. However to this day, Japan has never acknowledged that their military had committed atrocities and other acts of brutality in the Asia Pacific region.

 

. Most people are not aware of the magnitude of the Manila massacre in Feb. 1945, 60 years ago when more than 100k Filipino civilians were used as human shield by Japanese soldiers during a month-long battle.

 

. Japan, China and South Korea agreed to boost spending at home to sustain growth as higher oil prices and a weak dollar curb overseas demand.

 

. Asian economies are expected to grow at a slower pace this year than in 2004, the result of a slowdown in US & Europe.

 

. A flexible exchange rate would help address growing imbalances in the Chinese economy, said the head of US delegation to Asian Development Bank. China’s yuan is too low giving Chinese exporters an unfair advantage.

 

. China does not want Japanese apologies. It wants to call its invasion an invasion and not minimize it. Both have ugly skeletons in their closets. Unlike the West where confession is a virtue, Asians prefer to simply forget.

 

. West and East are literally a world apart on the matter of confessing historical mistakes versus burying them.

 

. For its part, Beijing no longer calls the Tienanmen movement in 1989 dongluan (riot or major disorder), as did the official rhetoric at the time, but fengbo (disturbance, incident or controversy).

 

. Similarly, Beijing no longer brings up the issue of the Cultural Revolution (1966-1976), or the Great Leap Forward (late 1950s), meaning that Beijing wants these mistakes buried in the past.

 

. Taiwan’s Pres. Chen sounded a conciliatory note on opposition leader’s (Lian Chan of KMT) meeting with China’s president in effort to retake initiative on improving relations with Beijing.

 

. Many analysts have viewed China’s warm welcome of Taiwan’s opposition leaders as way to divide & conquer Taiwan’s politicians.

 

. Members of Mr. Chen’s party have criticized Mr. Chan’s current trip as cozying up to China’s leadership  at Taiwan’s expense.

 

. Beijing offered Taiwan a pair of giant pandas and lifted a ban on Chinese visiting the island as a goodwill gesture at the end of the historic trip to the mainland by Taiwan opposition leader Lien Chan.

 

. Bandai will acquire fellow Japanese toy-and-game maker Namco in a $1.7 billion stock deal.

 

. US auto sales surged in April after a slow start to the year. Japanese auto makers gained market share over GM & Ford.

 

. South Korea’s consumer prices rose 0.1% in April after March’s 0.8% gain. They rose 3.1% versus a year earlier, the same as in March.

 

. The Defense Ministry in South Korea plans to streamline its military and enhance firepower in response to a change in security ties with the US.

 

. Pres. Roh’s ruling Uri Party suffered a crushing defeat in by-elections, failing to win a single Parliamentary seat and losing a race even in Roh’s hometown.

 

. USDIA Chief says North Korea is able to arm a missile with a nuclear weapon, but hasn’t said whether it has done so or if such a missile could reach the US.

 

. North Korea is believed to have made at least one nuclear weapon, according to public intelligence estimates. But combining that weapon with the Taepo Dong 2 into a nuclear missile is a greater challenge, defense officials said.

 

. Efforts to resolve the North Korean crisis are unraveling fast and confrontation looms between the countries involved. Further 6-nation talks are unlikely as Asian countries perceive that US policy has failed.

 

. Polio has been detected in Indonesia for the first time in 10 years. Health investigators have concluded that the strain was carried to the island country by a traveler coming from Saudi Arabia.

 

. Journalists were most at risk of murders in the Philippines (followed by Iraq & Columbia), says a study of work-related media deaths since 2000.

 

. Malaysia’s police want to log all newborn’s fingerprints, footprints and palm-prints. Civil rights groups criticize it as treating all newborns as potential criminal criminals.

 

. PM Phan Van Khai of Vietnam said he plans to become the highest-ranking Vietnamese leader to visit in the US since the war ended 30 years ago.

 

. Vietnam was a war in which the lives of Americans drafted from the lower classes, disproportionately black and Hispanic, were wasted in a failed intervention in a “civil war” (a misnomer) between Vietnamese.

 

. The war began in the late 1950s with the return of the Communist cadres to South Vietnam as a “National Liberation Front” to create an insurgency against the Diem government.

 

. Also known as the Vietcong, the NLF was not an independent political movement of South Vietnamese. It was a North Vietnamese creation, a campaign of Vietcong subversion of its southern neighbor.

 

. America may have lost Vietnam and been unable to stop the killing fields in Cambodia. But the dominoes did not fall. Four years later (1979), American trade with Asia surpassed trade with Europe.

 

. Thirty years later, the new Asian tigers have standards of living and booming economies that would astonish old Asia hands, like John Foster Dulles.

 

. Asian prosperity is the wonder of the 21st century and valuable to US trade.  Asian states are full partners in the global economy, while Vietnam lags behind economically, and is now realizing its handicap.

 

. India launched a rocket that will deploy 2 satellites, marking a first for its fledgling space program. India has an ambitious plan to send a probe to the moon by 2007 and eventually hopes to establish itself as a leader in the launching of commercial satellites.

 

. Tigers are on verge of extinction in India, dropping to 3700 today from an estimated 40k a century ago.

 

. How can Americans be so gullible to be victims of sweet talks by Indians and lose $500k? This is just the attention that India could do without, given the antipathy that exists in the West against its back-end office operations.

 

. A probe into allegations of defense kickbacks under India’s previous ruling party threatens to rain on India’s $15 billion-plus military modernization parade.

 

. India’s #3 (Wipro) software exporter’s project shot up 58% to $363 million, helped by a 39%rise in revenue to $1.87 billion.

  

. All is not well in Pakistan. Hundreds of people have been rounded for 2 assassination attempts against Pres. Musharraf. Only a handful has been charged, and one has received the death penalty. The incarcerated include members of the Armed Forces.

 

. President Chandrika Kumaratunga of Sri Lanka has pledged to cooperate with Tamil Tiger rebels to distribute tsunami aid, even at risk of bringing down her government.

 

. Suspected Maoists fatally shot one of Nepal’s top Hindu priests as he chanted hymns before a sacred fire, the first of such shootings since rebels took up arms in 1996.

 

. Former PM Sher Bahadur Deuba was charged by anti-graft commission with misappropriation of government funds while in office, said a commission spokesman.

 

. India’s decision to renew military assistance to Nepal, suspended following the royal coup in February, has angered Delhi’s Communist supporters. With China looming large in the region, something had to give.

 

. Thousands of protesters marched through Nepal’s capital demanding the restoration of democracy in one of the biggest demonstrations of opposition since King Gyanendra seized absolute power in February.

V. Miscellaneous   

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