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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. 86 No. 171                                                      September 1, 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 (09-01-07)

 

. Maumoon Abdul Gayoom, the longtime president of Maldives, a tiny Indian Ocean nation, won an overwhelming victory in a referendum on the country’s future form of government. The opposition slammed the results as rigged and called for protests.

    . Wildlife groups have created individual photo identification cards for wild elephants in South India to track the effect of poaching, conservationists said.

    . A Beijing factory recycled used chopsticks and sold up to 100k pairs a day without any form of disinfection. The latest is a string of food & product safety scares reported in Beijing News.

 

. Southeast Asia has seen increased unrest recently following the appointment of independence hero Alexandre “Xanano” Gusmao as E. Timor’s new P.M. and a rare bout of democracy protests in Myanmar, one of the world’s most repressive states.

    . Fitch Ratings Inc. may lower its growth forecasts for some Asian countries in the face of a possible slowdown in the US economy, a top executive said. But it has no plans to review the credit worthiness of Asian countries despite recent jitters in the global credit market.

    . US Eximbank had endeavored to strengthen cooperation with Vietnamese businesses and provide soft loans for projects and build infrastructure and buy airplanes, said bank’s president Lames Lambright.

 

. A riverbank collapsed due to heavy rainfall in China’s Shangdong province sending flood waters into a local coal mine, killing 178 miners beneath the surface.

    . China’s readers were given a taste of the Mao era where at least 5 state newspapers published nearly identical front pages, the latest sign of tightening control ahead of a Communist Party meeting.

    . Guangzhou City Intermediate People’s Court held criminal proceedings of a well-known counterfeit manufacturing case. Five people from Qiqiha No. 2 Pharmaceutical Co, Ltd are criminally charged with causing a major liability accident.

 

. A China Airlines jet caught fire at Naha airport in Okinawa after arriving from Taiwan, but none of the 157 passengers and 4 crew members was injured, officials said. TV pictures showed smoke billowing fro the wreckage.

    . The smell of rotten eggs filled Aiguo E. Road in Taipei City as thousands of pig farmers gathered n front of the Dept of Health (DoH) to protest a potential change in policy on the use of rectopamine.

    . As fears over the effect of US’ sub-prime mortgage problems continue to haunt global markets, focus has shifted to the central bank’s likely action during its quarterly meeting last month, with analysts split on whether the bank is likely to raise or maintain current rates.

 

. Japan announced its decision to provide Indonesia 1.7 billion yen ($14,763,500) in grants to help Indonesia control bird flu virus which has seen a steady rise in the number of human infections and deaths since the H5N1 virus was detected in poultry in late 2003.

    . A high-profile feud over personnel change at the Defense Ministry was brought t an end at the instruction of PM Shinzo Abe who was apparently concerned that prolonged strife would hurt his already weakened political standing. Takemasa Moriega stepped down as vice defense minister to be replaced by senior ministry official Kohei Masuda.

    . Police say a turf war is escalating among gangs of Iranian drug dealers in Aichi Prefecture. Besides occasional shooting and kidnapping, their standard modus operandi is the use of cell phone in dealing drugs and contains numbers of dealers’ customers.

 

. South Korea will send emergency aid worth $7.5 million to impoverished North Korea where floods left hundreds dead or missing and made more than 300k homeless, government officials said.

    . Five North Korean defectors entered the Indonesian embassy in Vietnam, apparently seeking asylum in South Korea, Foreign Ministry officials said.

    . The dispute is escalating between the media and government as journalists refuse to relocate into newly built press rooms, and fight new regulations they see as restricting press freedom.

 

. On an agricultural research station south of Manila, Philippines, a group of scientists are battling against time to breed new varieties of rice as global warming threatens one of the world’s major sources of food.

    . Pres GMA ordered a “humanitarian offensive” in Basilan, Sulu and other parts of Mindanao to avert a refugee crisis, and prevent any disruption in the ongoing military offensive against the Abu Sayyaf.

    . RP is second a second development policy loan from the Asian Development Bank (ADB) as well as a new program loan that will support the country’s local government units (LGUs).

 

. The Islamist militants jailed for suicide bombings on Bali that killed more than 220 people had several months shaved off their sentences to mark Indonesia’s Independence Day. The decision is likely to anger countries that lost citizens in 2002 and 2005 attacks on the resort island’s crowded nightclubs & restaurants.

    . Japanese electronic maker Cannon plans to invest in Indonesia following the signing of an Economic Partnership Agreement (EPA) by Indonesia and Japan, Industry Minister Fahmi Idis said.

    . Indonesia will build a $7.5 million Tsunami Museum in Aceh to commemorate the 216k people who died,

when towering waves crashed into Asian coastlines nearly three years ago.

 

. India has long had an affirmative action program for federal government jobs, setting aside 23% of positions for the most oppressed caste. Now activists are campaigning to open the private sector to them as well, whether the employer is Indian or multinational.

    . Low-caste Indians still experience severe discrimination. Dalits are regarded as so low that they are not even part of the system. To this day, they are not allowed to enter many Hindu temples or to drink water from sources used by higher castes.

    . An estimated 86% of tech workers at multinational and large Indian outsourcing firms came from upper castes or wealthy middle castes, according to a study in 8/2006 by government and activist groups.

 

. Celebrations of Pakistan’s 60th years of independence have been clouded by violence and escalated threats from extremist groups. Coming amid an extended period of demonstrations and political tensions, the anniversary has inspired some Pakistanis to question their country’s direction. 

    . US wants to see Pakistan’s  moderate and democratic politicians unite to fight Islamic extremism but has no interest in picking sides ahead of upcoming elections, a top US envoy said.

    . Addressing participants at the launching of Vision 2030, PM Shaukat Aziz said it will guide the country towards achieving the goals of economic development and social justice to make it more prosperous, dynamic and a developed state.

 

. “Freedom and democracy to … all of Sri Lanka,” vowed the president. Such hawkish rhetoric is by no means a first in the country. The last 25 years is littered with leaders who believed they would rout the fearsome Tigers and unify the nation. None has succeeded!

    . In the mostly Tamil north, the rebels are so entrenched in the steamy jungles that they run a mini-state. They were among the world’s first to use suicide bombers. Though it claims to have given up the practice, the rebels’ recruitment of children continues.

    . Defense already accounts for nearly 1 out 5 rupees the government spends – a huge chunk of the national budget, especially for a poor country as this one. At the beginning of the year, inflation hovers at 20%. It has since come down but still hovers in the double digits.

 

. Streets and markets bustled again in Bangladesh’s biggest cities after government temporarily suspended an independent curfew, imposed to quell violent student protests demanding an end to emergency rule.

    . With much improvement in the flood situation, except in the south-central parts of the country, the affected people have started returning home. Their immediate future looks bleak!

 

 

 

 

 

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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