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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. 85 No. 170                                                      August 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 (08-16-07)

 

. Deploying missionaries abroad has been one of the quickest ways for a church to broaden its reputation and attract members. The more volatile the area, the holier is the mission. It is rapidly reinventing itself as the most evangelical Christian nation in the world.

    . India received US aid under “Atoms for Peace” program in the early Cold War era, only to lose its US supply because India, which had refused to sign the 1968 Nuclear Non-Proliferation Treaty (NPT), exploded a nuclear “device” in 1974.

    . Only Filipinos remained loyal t their former colonial masters (Americans), while the Indochinese turned on the French, the Indonesians the Dutch, and Malaya & Burma turned on the British. It was their unbelievable loyalty that provided the environment necessary to build the massive guerrilla forces that made it impossible for the Japanese to defend.

    . In China and India, large majorities think the next generation will be better off—a vote of confidence in their surging economies which are providing cheaper products for Americans and are growing as markets for American goods and services.

 

. Dara Colwell reports for AlterNet.org that China is combating deforestation by planting genetically engineered poplar trees, in what have been called “frankenforests.” Pushed forward by biotech and the

multibillion-dollar timber industry, genetically engineered trees are the latest invention.

    . Ben Blanchard reports for Reuters that China has called global warming the cause of recent flooding that killed more than 700 people. People were told that extreme weather patterns will only increase.

    . Beijing unveiled new controls aimed at fighting counterfeit drugs and substandard exports. High-ranking officials and regulators vowed to strengthen China’s food safety system, tighten controls over chemical use by large seafood and meat producers and create a system that holds producers more accountable for selling unsafe products.

 

. Burma (Myanmar) provides an early glimpse of what China is becoming. After years of focusing on its own economy, China is going global in influence as well as in economics. It can no longer abide by its doctrine of non-intervention. It is using its influence in Africa, Latin America, Asia and the Middle East in ways that may prove problematic to the US in the long run.

    . Like a young America of 200 years ago, it’s just a matter of time before China declares its own “Monroe Doctrine” in the eastern hemisphere, declaring itself as the sole dominant power in Asia.

    . Chinese companies have a greater advantage in Africa in their government’s backing of commercial ventures with lavish financing and tax benefits. China Eximbank’s lending practices don’t include stipulations on transparent governance, improved human rights and anti-corruption practices. Its aid comes with no strings attached.

 

. Nobody doubts that a rearmed and forward-looking Japan, benefiting from the best technological engineering in the world, would be a formidable force. No one doubts that Japan could put together a handful of nuclear bombs readily and merrily as a perfectly made Honda or Toyota rolls down an assembly line.

    . Profit at Toshiba Corp jumped 5x in the April-June quarter on brisk sale of personal computers and semiconductors. Net income rose to 20.65 billion yen ($173.8 million) in the electronics company’s fiscal first quarter, from 4.04 billion yen a year ago.

    . Sony said its April-June profit more than doubled to 66.46 billion yen($551.5 million) from a year ago on solid sales of flat-panel TVs, digital cameras and video camcorders. But its game operations are still in the red due to strategic pricing of the PlayStation 3 video game console below production costs.

 

    . Yuko Tojo, granddaughter of wartime leader Gen. Hideki Tojo has ambitious plans for defending Japan and scrapping its pacifist constitution and developing a full-pledged military. She often prays at a Tokyo war shrine for Japan’s fallen soldiers, including her grandfather.

    . Surging sales of Nintendo’s Wii and DS video game lifted the company’s quarterly profit 5x, prompting the Japanese game maker to raise its annual earnings forecast 40 %. It posted a net income of 80.25 billion yen ($667 million) for the April-June period, up from 15.55 billion yen a year earlier.

    . PM Shinzo Abe’s cabinet reshuffle on 9/27 will test whether he has learned from the Liberal Democratic Party’s dramatic slump by jettisoning cronies cluttering important posts.

 

. Despite its long-standing and Shamanist, Buddhist & Confucian roots, South Korea has about 12k missionaries in 173 countries, second only to US. Today, almost half of S. Korea’s population is Christian.

    . The Taliban’s abduction in Afghanistan has put S. Korean evangelical fervor under a microscope. The hostages, members of Saemmul Church from Bundang, near Seoul, appear to have been somewhat naïve, mostly women in their 20s and 30s. 

    . This is not the first time S. Korean missionaries have endangered themselves by entering war zones to gain converts. A 32-year old translator (Kim Sun Il) who had hoped to do missionary work in Iraq, was taken hostage and beheaded. Last summer, more than 1k Korean Christians, including many children, entered Kabul for a peace rally, only to be deported. Proselytizing is illegal I Afghanistan where the Taliban threatened to kill missionaries.

 

. The Philippine peso jumped 7% this year, buoyed by OFW remittances and overseas funds buying stocks. While helping hold down inflation, the stronger currency has weakened export growth and may restrict economic expansion in 2007 to the lower end of the government’s 6.1% to 6.7% target.

    . At least 75 small- and medium-sized exporters in industries, including handicrafts and processed food have closed operations since late 2006, said the president of the Philippine Exporters Confederation in Manila. Practically everybody has cut production.

    . Fifty million Filipinos who depend on monthly remittances from relatives working abroad have lost 18% of peso proceeds of their dollars compared to 2 years ago. The same is true with business depending on tourism, e.g., hotels, restaurants, tour operators, resorts, souvenir makers, tourist bus owners.

 

. The Thai cabinet approved an independent committee to conduct a retro-investigation into some 2500 extra-judicial killings carried at during former PM Thaksin Shinawatra’s nationwide war on drugs.

    . The Supreme Court’s political crime section issued an arrest warrant for Shinawatra and his wife (Khunying Pojaman) for failing to answer a summons to testify in a corruption case.

    . The property market sowed sharply in Q2, with new land registrations down more than 50% from the same period last year, said the latest data from the Bank of Thailand.

 

. Ten years ago, Asia’s financial crisis hit Indonesia. Within a year, SE Asia’s largest “tiger” economy had collapsed. Gross domestic product fell 14%, the currency dropped from 2,250 to 17,500 to the dollar. Jakarta Stock Exchange plunged 91% in dollar terms. Millions lost jobs as most large banks and many domestic firms went bankrupt.

   . Today, Indonesia is back: a working, if imperfect democracy and a recovering economic tiger. The emergence of s solid democratic regime has quelled regional separatism and Islamic militancy. They are bullish on foreign investment and US brands, though they are skittish about economic liberalization.

    . Since Suharto fell, Indonesia has held two free elections, in 1999 and 2004, both with turnout over 90%. Neither election was marred by serious fraud or violence; the political system has become open and vibrant. Almost all important segments of society, eve the military, accept the legitimacy of the political system.

 

. Vietnam’s Party and State have always attached government importance to strengthening multi-faceted cooperation and friendly relationship with Japan, said the Party General Secretary.

    . The PMs of Vietnam and Singapore were full of praises for the development of their diplomatic and economic relationship & Vietnam’s PM talked with his counterpart during his official visit to the island state.

    . PM Nguyen Tan Dung has urged ministries and sectors to take drastic measures to keep inflations rate below that of national economic growth.

 

. Thailand’s PM said his government will continue to send ethnic Hmong refugees back to Laos despite appeals by US lawmakers to let them stay. Thirteen members of Congress wrote the king of Thailand to stop the Thai authorities from deporting around 8k Lao Hmong refugees in Phetachabun province.

    . While Lao are in growing numbers leaving their country, Laos is increasingly a transit and destination country for migrant workers for China (for lack of employment opportunities) and Vietnam (for overcrowding).

    . Laos has also become a destination for Chinese and Vietnamese women who are trafficked into brothels there, especially Route 3 connecting China with Laos and Thailand, along Route 9 connecting Vietnam with Laos and Thailand, and around the Nam Thuen hydropower in central Laos.

 

. Top Pentagon and State officials said that US Special Forces would enter Pakistan if they had specific intelligence about an impending terrorist strike against the US, despite Pakistan’s warnings it would not accept US troops operating independently inside its borders.

    . Pakistan’s president Gen. Pervez Musharraf and former PM Benazir Bhutto held discussions in the U.A.E. aimed at creating a power-sharing arrangement. Representatives for Bhutto who has been living in exile since 1999, leads the country’s opposition party. Both are regarded as moderates.

    . Pakistan will do what it takes to eliminate extremists operating in the country for its own sake, not because of rising pressure from US, said PM Shaukat Aziz who said that Pakistan’s government was disappointed by US legislation that ties aid for the country to its performance in fighting terrorism.

 

 

 

 

 

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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