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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. 87 No. 174                                                      October 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 (10-16-07)

 

. APEC (Asian Pacific Economic Cooperation) was founded in Australia in 1989; 21-member economies represent 60% of US exports, 60% of the world GPA, almost half of the global trade, and 2.7 billion consumers.

    . Senior General Than Shwe announced he was willing to talk with detained democracy activist Aung Son Suu Kyi but only if she stops calling for international sanctions, and not urged her countrymen to confront the military regime, state television and radio – conditions set by junta leaders during meeting with special UN envoy.

     . North Korea pledged to derail its nuclear program and disable all activities to its main reactor complex by year’s end, then signed a wide-ranging reconciliation pact with South Korea promising to finally seek a peace treaty to replace the 1953 cease-fire that ended the Korean War.

 

. A crowd of 3,000 people, with 6 monks at the front, faced the riot police and soldiers across barbed wire. Beyond those shone the great gold dome of the Sule Pagoda. When 8 trucks of soldiers drew up, the crowd began to run. Seconds later, without warning, there were several cracks of automatic gunfire.

    . Diehard protesters in Burma waved the peacock flag of the pro-democracy movement on a solitary march on 9/29 through the eerily quiet streets of Rangoon where many dissidents were resigned to defeat without international intervention.

    . There were one hundred shot dead outside a Myanmar school. Activists were burned alive at government crematoria. Buddhist monks were floating face-down in rivers.

   

. China said it is working hard to stem the violence in Burma and argued against efforts of activists to link participation in the Beijing-based 2008 summer Olympics to China’s handling of Burma..

    . China coal producers offered supplies to Korean utilities at prices 7.5% higher than those agreed to in May with Japanese rivals because shortages of the fuel have worsened, said buyers involved in trade talks. Sellers, including China National Corp Group, sought $73 a metric ton from buyers.

    . Officials have abandoned efforts to retrieve the bodies of 172 coal miners from a flooded mine in E. China, family members said, deepening their anger at what they see as callous treatment by the government and the mining company.

 

. In 1990, about 1 million registered foreign residents lived in Japan; by 2004, that figure had nearly doubled it just below 2 million. Most say the actual numbers are probably higher because not all foreigners register.

    . The pressure to let in more immigrants is building. Population experts project that by 2050, Japan’s population, about 128 million, will shrink to 98 million, about 40% of whom will be 65 or older. Japan will lose more than 4 million workers.

    . Japan put its first satellite into a lunar orbit, placing the country a step ahead of China and India in an increasingly heated space race in Asia. The probe will gradually move closer to the moon’s surface before conducting a year-log observational mission.

 

. The Federation of Korean Industries, South Korea’s main business lobby group, issued a statement 2 weeks ago criticizing the Fair Trade Commission’s plan to tighten price regulations on market-dominant companies for being anti-market.

    . The amount of money paid as compensation for development projects by the central and provincial governments last year rose by 73% to 30 trillion won ($32.8 billion) from the previous year. A total of 26 trillion won was paid to purchase land for new towns, roads and other projects.

    . In the first half of this year, 137 businesses that are franchise members of credit card companies were caught refusing to accept credit cards or asking the consumers to pay the commissions the merchants were supposed to pay, the top local financial watchdog said.

 

. At the Moei river in Thailand, there is sticky sunshine, jungle and world’s media in waiting. Yet there is no flood of refugees from the border in Burma. From Rangoon, there are disturbing reports of monks fleeing the city, of thousands more locked up in windowless improvised prisons with little to drink or eat.

    . To the handful of monks still remaining at Ngwe Kya Yam Monastery – bruised, scared and in shock, it must have seemed that everything was over. The soldiers and police made their first swoop in the early hours, cracking skulls, firing rubber bullets and dragging away more than 70 monks to secret detention centers.

    . Controversial politician Chalerm Yoobamrung threatened to leave the People Power Party if it refuses to field his 2 sons as candidates in the December 23 elections.

 

. Pres. Nguyen Minh Triet of Vietnam applauded plan by Gillman Group, Fidelity Ventures and partners from US to invest $5 billion in a recreational complex in the southern province of Be Rea-Veng Tae.

    . Ho Chi Minh stock exchange is selecting a brokerage to test a new remote trading system which is expected to be in place by end of Q1 of 2008.

    . The government has approved check payment of state employee salaries to bank accounts starting Jan 1, 2008 as a measure to fight corruption and reduce use of cash.

               

. Dubbed as “Knock out Tigdas,” the mass immunization, which is part of the Philippine government’s plan by 2008 aims to vaccinate children ages 9 months to 4-years old regardless of the immunization status. The vaccination will be done on a door-to-door basis by 3-men teams.

    . The Philippine Chamber of Commerce & Industry (PCCI) has tied up with academia to boost Philippine human resource, including measures to address the mismatch in skills and labor market demands within the next five years.

    . After successfully bidding out the right to develop its lots in Japan, RP is setting its sights on other real estate assets to sell under build-order-transfer (BOT) agreement. The Dept of Finance (DoF) said the government is looking at state-owned properties in Malaysia, Thailand and US that would be auctioned off to interested developers.

 

. Burma’s new capital (Naypidaw) was built in the wasteland and jungle 200 miles north of the old capital (Rangoon). It means “abode of kings,” and kings are precisely what Burmese generals see themselves as, even as they faced the largest uprising in 20 years.

    . When the army seized power in 1962, the country underwent a transformation entirely different from its neighbors in Thailand, South Vietnam, Indonesia and Pakistan, where the military was also central.  The Burmese army seized not only political but economic power. The “Burmese way to Socialism” meant confiscation of most private property and handing them over to the military-run state corporations.

    . The new generals’ town (Maymyo) and their heavily fortified new capital are only the most extensive example of how isolated Burma’s military men and their families are from the population. An army pass assures the holder seat on a train or an airplane and is above traffic laws. The military is far better equipped now than at any time in Burma’s modern history due to its massive procurement of arms from China.

 

. The US has pumped about $10 billion into Pakistan since 2001, the vast majority of it for the military. But the aid does not seem to have won the US many friends here. Nor has it successfully prepared the Pakistani army to battle the insurgents. The militants have rockets and advanced weapons, while the Frontier Corps has sandals and a bolt-action rifle.

    . Pakistan’s top court ordered the suspension of 2 police chiefs and a municipal official over a crackdown that wounded dozens of journalists and lawyers during protests in Islamabad against Gen. Pervez Musharraf’s presidential election bid, which he won on 10/6 which the Supreme Court could still nullify.

    . Pres Musharraf picked his trusted former spy chief to succeed him as leader of the army and signaled that exiled former P.M. Benazir Bhutto would be able to return to Pakistan this month without facing charges.

    . Pakistan’s government is losing its war against emboldened insurgent forces, giving al-Quaeda and the Taliban more territory in which to operate and allowing the groups to plot increasingly ambitious attacks, said Pakistani and Western security officials.

   

. Sri Lanka stands at an important crossroad in the war that killed 70,000 since 1983 when the Tigers began fighting for a northeastern homeland for the Tamil minority. This summer the government claimed to have routed them from the east for the first time in 14 years.

    . The historic event of producing fertilizer for the first time by Sri Lanka Phospate Ltd. was inaugurated on 10-15-07 at the Eppawala site which bring revenue to the government.

    . The Ministry of Disaster Mgnt & Human Rights said that several key issues raised by the UN High Commissioner for Human Rights (Louise Arbour), were areas which the govt has already initiated action.

 

. It’s been called Bangladesh’s war on corruption, a revolution once persistently ranked as the most kleptocratic in the world. It’s a place where extorting cash is so ingrained in the social fabric that even the Bureau of Anti-Corruption accepted a bribe.

    . Two former rival politicians, who have dominated this country’s politics for 16 years, are behind bars awaiting trial for allegedly siphoning off million of dollars from the government. Also incarcerated on graft, tax-evasion and corruption charges are 170 members of the ruling elite, along with an estimated 15,000

political under-bosses, local government officials and businessmen.

    . Bangladesh’s military-backed government, which assumed power 1-11-07 following months of unrest, is responsible for the crackdown. It declared emergency rule, banning political activity and protests, and said it would root out corruption by any means necessary before allowing elections to be held in 2008.

 

 

 

 

 

 

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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