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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. 84 No. 168                                                      July 16, 2007

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 (07-16-07)

 

. Officials from more than a dozen Asian countries met in Malaysia to outline health problems their populations are facing in relation to a rise in global temperatures, says the Associate Press.

    . Last month, US federal food safety officials included shrimp from China on a short list of seafood that are banning until it no longer tests positive for unapproved chemicals and cancer-causing agents. The China ban may be too late to rescue US shrimpers.

    . The USS Nimitz’s visit to Chennai India attests to the growing vista of military relations between the two countries. It is expected to strengthen US-India strategic partnership supposed to have been deepened already by a nuclear deal.

 

. China’s trade surplus ($26.9 billion in June) was almost double that of June 2006, as Chinese companies scrambled to get orders out before the end of a tax regime that favored major exporters. Many companies were trying to get their goods out before the July deadline.

    . The national numbers are plain enough. Two consecutive years of 8% growth and sales of cars & electronics that are increasing by 50% a year. At Suzuki in Pakistan, sales have increased 7-fold since 2002.

    . The US House of Representatives Foreign Affairs Committee passed House Resolution 121, demanding a formal apology from Japan over the sexual exploitation of young women in Asia during World War II.

 

. Oxford Research Group says that despite industry myth, nuclear power is neither clean nor safe. A World Bank study on pollution in China, produced in cooperation with the Chinese government, found that about 750k die prematurely in China each year, and are linked to air pollution in large cities.

    . The Chinese scientists behind the drug Gendicine see it as a milestone in the country’s efforts to catch up with the West, proof that China can develop some of the world’s most advanced medicine.

    . China executed the former head of its food & drug safety agency (Zheng Xiayu) for accepting bribes worth more than $800k in exchange for approving substandard medicines. He ran the agency from 1998 to 2005. At least 6 drugs were approved on his watch which turned out to be fake.

 

. After 63 years as a faithful ally of Taiwan, Costa Rica was switching diplomatic relations to China, acknowledging that money was the big lure. It was regarded as a major setback in the long-standing and fierce competition with China for international recognition.

    . Outgoing president Chen Shui-bian has proposed a referendum alongside Taiwan’s presidential elections in March. It would ask the people whether Taiwan should join the UN under “Taiwan.” If approved by the people, it would symbolize the island’s drive for sovereignty and international recognition.

    . Taiwan’s main opposition Nationalist Party endorsed Ma Ying-jeou (former Mayor of Taipei), a popular Harvard-educated lawyer who favors reconciliation with China, as its presidential candidate.

 

. The number of Japanese living beyond 100 has almost quadrupled in the past 10 years, with the once-exclusive centenarian club expected to exceed 28k this year. Experts often attribute the longevity to a Japanese diet rich in vegetables and fish.

    . Thousands of Japanese who were abandoned in China following Tokyo’s defeat in WW II will receive more aid from the government after dropping compensation lawsuits, an official said. About 2,500 war orphans returned to Japan, after Tokyo normalized ties with Beijing in 1972.

    . Farm Minister Norihiko Akagi said there were no accounting improprieties on the part of Ibaraki Prefecture support group as he tried to downplay the latest scandal to rock P.M. Shinzo Abe’s cabinet ahead of the 7/29 Upper House elections.

 

. A major clash between Philippine marines and Abu Sayyaf militants on Basilan Island (involving 50 marines and 300 militants) has killed at least 28 people, including 8 soldiers. Four of dead marines were found beheaded.

    . For the first time, Philippine house-ware manufacturers will participate in an exhibition in Brazil to break into the huge market in South America.

    . The Foreign Chambers of the Philippines (FTP) has called for a new master-plan to develop international & domestic aviation and sea transport for logistics in Central Luzon in order that RP could cope up with the fast increasing volume of travelers.

 

. Thailand is fast becoming the land of foreigner sons-in-law, with the number of cross-cultural marriages rising at around 10% a year. But they don’t always live happily ever after.

    . The Army chief and coup-maker (Gen. Sothi) aims to prevent the return of Thaksin. Long gone is the promise to stay out of politics for 2 years as history, it seems, is about to repeat itself.

     . The baht continues to appreciate on the back of capital inflows into the stock market even as the central bank warns local banks and exporters against currency speculation.

 

. Prosecutors filed a civil lawsuit against former Indonesian dictator Suharto, seeking $1.54 billion in damages and funds allegedly stolen from the state during his 32 years in power.

    . State-owned PT Bank Negara Indonesia (BNI), the country’s third largest bank by assets, will bring road shows to a number of countries next week to draw up investor interest in its planned secondary offering.

    . The outlook for domestic cement consumption growth is encouraging. But domestic manufacturers face challenges from lower-priced imports.

 

. At a time when Muslims from Algeria to Indonesia have emerged as incubators for anti-Western extremists, India, by some estimates the world’s second most populous Muslim nation, has remained a unique case. Not one Indian Muslim has joined al Quaeda.

    . Officials confirmed that an Indian suspect in the failed car bombings in UK has worked as an aeronautical engineer at a company (Infotech Enterprises) contracted by biggest names in aviation (Boeing, Airbus et al.), possibly giving hi access to sensitive design information.

    . A survey conducted by the National Sample Survey Organization has revealed that 51% or more than half India’s rural households (marginal farmers with less than 1,076 square feet of land) have no ration card at all.

 

. With liberal economic policies and the US as its patron, Pakistan is seeing an investment surge. Throughout its history, its economic booms have coincided with periods of increased American attention – with Pakistan receiving huge infusions of cash for helping the US fight first the Soviets and now terrorism.

    . The 39-page memo recovered from an al Quaeda laptop computer in Pakistan 3 years ago read like an Idiot’s Guide to Bomb-making. The manual advised buying the ingredients from a hardware store or pharmacy for a terrorist attack.

    . A commando raid that was expected to be a quick operation to subdue Islamic radicals in the Red Mosque turned into a marathon battle last week with elite Pakistani forces sweeping through underground bunkers in more than 20 hours of intense combat.

    . Osama bin Laden, founder of al Quaeda, died of typhoid fever earlier this month in Pakistan, said a highly classified intelligence brief given to King Fahd of Saudi Arabia and former French president Jacques Chirac.

 

. Army commandos seized a plateau nicknamed Tora Bora and searched grassy field and bush looking for as many as 200 Tamil rebels, the last organized resistance, to govt. forces in E. Sri Lanka, the military said

    . Amnesty International slammed the LTTE for not living up to its pledge to stop recruiting children and releasing existing child cadres, accusing that over 1,500 such security still remained within the terrorist outfit.

    . The Criminal Investigation Department (CID), probing the mission found at the Agrarian Insurance Board and Agrarian Service Department told the Colombo Chief Magistrate they are pursuing the bank accounts of Minister S.M. Chandrasena, whose name transpired during investigations into the fraud.

 

 

 

 

 

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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