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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. 88 No. 176                                                      November 15, 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 (11-15-07)

 

. Half of Asia’s death from malaria occurs in Burma. A third of the children are malnourished; most of its people live on less than $1 a day.

    . Armies of lobbyists descended on Beijing in anticipation of the 17th Communist Party Congress that began in mid-October. The gathering chose a new generation of leaders, setting the political agenda for the next 5 years.

    . Southeast Asia’s oceans are fast running out of fish, putting the livelihood of up to 100 million people at risk and increasing the need for governments to support the maintenance of fish stocks, said Garyl Williams of Australia’s Lowy Institute.

 

. Petro China raised $8.94 billion from its initial public offering (IPO) in Shanghai, making it China’s largest domestic IPO.  The oil & gas company priced its 4 billion shares at $2.24 each, at the top end of the indicative price range.

    . China-made toys seized in Hong Kong were being tested last week after scientists in Australia found that similar ones contained a chemical that concerts into a powerful “date rape” drug when ingested, officials said.

    . The number of people with HIV in mainland China rose by 3k month between 1/06 and 6/07. The Chinese Center for Disease Control & Prevention said that as of 9/07, some 220k people from 31 provinces and municipalities have reported HIV infection; about 55k developed AIDS.

 

. With his month-old government paralyzed, Japanese P.M. Yasuo Fukuda made an unsuccessful offer to share power with the opposition party that is causing the paralysis.

   . Japanese warships were ordered home from the Indian Ocean after opposition lawmakers refused to support an extension of their mission supporting US-led forces in Afghanistan.

   . A supposedly recent attempt in Japan to fix a bid for a public contract came undone when a company faxed the details of who should win the city government (southern Miyasaki prefecture) offering the job, said the Nishi Nippon Shimbun news.

 

. China is Burma’s leading arms supplier and trading partner, and has just won the right to build a major oil pipeline there. Beijing’s support for abusive governments would be troubling under any circumstances, but its influence is magnified because of its veto on the UN Security Council to block international sanctions.

    . Through the years, people in Burma grew poorer and were stalked by disease and malnutrition. Schools and hospitals crumbled from neglect. Insurgencies raged along the rugged borders. The only real constant has been the Junta which usurped power in 1962 and has run a promising nation to the ground.

    . The brutal military crackdown has shattered the relationship between the generals and the monks. The regime has spent years building new pagodas and donating alms to cultivate its image as protection of the faith. It can hardly claim that role now.

   

. From among a crowd of between 20k to 50k demonstrators, South Korean farmers clashed with riot police at a massive rally against a free trade deal with the US. They are worried the deal would lead to US produce pouring into the country, threatening their livelihoods.

    . Unfavorable exchange rates significantly reduced the operating profits of South Korea’s small and medium exporters (211 companies out of 650 surveyed = 32.5% due to sharp appreciation of Korean won against US dollar) in first half of this year, said Korea Export Insurance Corp last week.

    . Overall US meat exports were estimated to fall this year and next despite higher productions, partly because of suspension of exports to South Korea, the latest report by USDA (Dept of Agriculture) said.

 

. Philippine politics is jumping from the frying pan to the fire, with corruption reeking to the high heavens, from the top, with 10 million of its citizens working abroad, scattered in 190 countries worldwide, and sending back to their families $15 billion in annual remittances.

    . The hands of Pres. Gloria Macapagal-Arroyo are tied to allowing corrupt bureaucrats to get away with massive corruption, e.g., NBN contract because either she or members of her family share in the loot, or the corrupt bureaucrats know too much about her past, e.g., electoral fraud in 2000 & 2004 to be untouchable.

    . The FBI, the Australian Federal police and an Israeli consultant at Nonoy Aquino International Airport have apparently (and separately) concluded that the Glorietta blast (10/19) was caused by accidental gas explosion, and not to presage martial law or divert people’s attention to scandals of GMA’s administration.

 

. Burma’s military government ordered the expulsion of the top UN representative in the country (Charles Petrie, a French national who works for the UN Development Program, exposing anger over his public endorsement of the country’s pro-democracy protests.

 

    . Ranging from the Asia Times to South China Morning Post to a collection of western bloggers, they make the claim that various WDC-based agencies and a few key political actors are actually pulling the strings in the Burmese uprising.

    . The Burmese army is forcibly forcing children to cover gaps left  by a lack of adult recruits says a report by a US-based  human rights organization. Human Rights Watch (HRW) says children as young as 10 are beaten or threatened with arrest to make them enlist.

    .

. Malaysia’s opposition and human rights groups condemned authorities last week for attempting to suppress the biggest political rally in a decade with tear gas, water cannon and arrests; 30k protesters marched to the royal palace where they were briefly addressed by dissident former Deputy Premier Anwar Ibrahim.

    . P.M. Abdullah Ahmad Badawi urged the country’s majority Muslims to respect other religions, an apparent effort to placate minorities and diffuse racial tensions ahead of a snap general election (not due till 2009, but P.M. is expected to seek fresh mandate in early 2008).

    . Malaysian conglomerate MMC Corporation has signed a deal to take part in a joint venture project to develop a $535 million container terminal at Jeddah Port in Saudi Arabia.

 

. Volcanic eruption is not unusual in Indonesia which has about 70 active volcanoes. One of them, Anak Krakatau, blasted a gigantic cloud of smoke and flaming red rocks hundreds of meters into the sky last week. It rose from the sea decades ago when an underwater eruption in the late 1920s led to its birth.

    . In the latest & largest of a string of controversial acquittals, an Indonesian timber baron (Adelin Lis) has walked away from illegal-logging charges, prompting an outcry from environmentalists. Because of logging, land clearing and forest degradation, it is the world’s 3rd biggest contributor to greenhouse gas emissions.

    . Land clearances in Indonesia to meet the growing global demand for palm oil pose a serious threat to the environment, a BBC report has warned. Forests are being burned and pet wetlands drained for plantations, causing the release of carbon dioxide into the atmosphere, Greenpeace said.

 

    . Japan’s Mitsubishi wants to build a factory to make light aircraft parts in Thang Long Industrial Park in Hanoi as a prelude to the manufacture of civil aircraft in Vietnam, P.M. Nguyen Tan Dung was told.

    . The Song Da Corporation inked a VND13.4 trillion ($837.5 million) contract with the management board of the Son La hydroelectric power plant project to make the company the plant’s developer.

    . It is much easier for businesses to access credit in Vietnam because of improved regulations and the growth of joint stock commercial banks, economists said.

    . Most National Assembly deputies of the Hanoi delegation agreed last week that State property should be available for hire to avoid waste and raise revenue.

 

. India’s stock market continued its relentless climb as investors bet that an unexpected interest rate cut by the US Federal Reserve will stimulate global equity investment.

    . Dubai plans to deport 1k construction workers, mainly from India, if they continue to strike over pay and living conditions. The workers live in dormitory-style rooms inside makeshift camps, often with poor sanitation and lacking basic services.

    . Will Manmohan Singh be able to do a George Bush to save the nuclear deal between two strategic partners? Will India witness in coming days the buildup of a partisan consensus on the deal as the US did some months ago?   

 

. Rather than use the more than $7 billion in US military aid to bolster its counter-terrorism capabilities, Pakistan has spent the bulk of it on heavy arms, aircraft and equipment that US officials say are far more suited for conventional warfare with India, its regional rival.

    . While Gen. Pervez Musharraf justified his emerging rule decree as helping combat terrorism, it could end up weakening his ability to rein in the al Quaeda militants who ultimately threaten America’s interests. Each step he takes to strengthen his hold on power in the name of stability seems to generate instability of its own.

    . Pres. Musharraf said new elections will be held as early as the first week of Jan. 2008. He said imposing the emergency had been his most difficult decision. US & *UK cautiously welcomed the move and opposition head Benazir Bhutto called it a “first positive step.”

 

. Sri Lanka struck a major blow against the Tamil Tigers, killing the rebels’ political chief (S.P.Thamilselvan) and top peace negotiator in a surgical government strike.

    . Sri Lanka’s environmentalists, civil society and academics are opposing attempts to destroy the remaining forest cover and plant sugar cane, a crop that is associated with poverty and repeated failure in the island.

    . Sri Lanka, which has the 6th highest software piracy rate in the world, has suffered $86 million in retail revenue earnings. A global study reveals that it has the 2nd highest software piracy rate in Asia

 

 

 

 

 

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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