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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. 90 No. 180                                                     January 16, 2008

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 (01-16-08)

 

. Poor women in developing countries bear the brunt of climate change in a wide range of ways. They have to walk to fetch water or wood for fuel to carry it back to the household. They have to work longer hours in the field to till the soil, which has hardened from severe drought and yet receive fewer benefits because of low wages and low crop production, locusts, rainy and drought seasons, lack of access to clean water and electricity.

    . Despite their efforts, they have little decision-making power because in these areas, women are considered merely as housewives. For example, in India women have very little bargaining power when marketing their crops. When spouses or children fall in from diseases, it is women who care for them. It is women who will do without or with less when food is scarce.

    . At the UN conference in Bali, over 10 delegates from 187 countries agreed on a road map for 2009. Because of disproportionate effects of climate change on women, priority should be put on community-based programs, including gender sensitive approaches that will empower women to make what changes they can to offset their newly more difficult situation.

 

. Asian stock markets had a strong, if volatile year with China, leading the pack as investors bet on the region’s continued growth prospects. Several exchanges notched gains of more than 20% and among Asia’s major markets, only Japan and New Zealand ended the year with losses.

    . An increasing demand for exotic freshwater turtles & tortoises in Southeast Asia has fueled rampant illegal trade in Indonesia, according to a report last week. Turtles are among the most popular species sold illegally in Asia—as pets in places like Japan, or as cuisine in China and other parts of Asia.

    . The US dollar is no longer accepted in India’s tourist sites. No US dollars, just rupees, please!

 

. China has announced tough new rules to crack down on the explosion of audio-visual content on the Internet, reiterating that sex and & politically sensitive material will not be tolerated. It wasn’t clear how many new rules will impact foreign-based Internet video-sharing sites, such as You Tube, or Western companies already in China, like Yahoo and Google.

    . Three of four Chinese women (more than 150 million) still live in the countryside where rigid social, customs-breed loneliness and abuse abound. Although urban women have made strides toward equality, thanks to better education and opportunities without a growing white-collar workforce, rural women are often stuck in a harsh lifestyle unchanged from an earlier era.

    . The Chinese Communist Party has reportedly signed off on the long awaited restructuring of the telecom industry that will include a series of mega mergers and a reshuffle of senior executives.

 

. Twenty years ago, Japan was like China is like today. American MBA students studied Japanese to get an edge in the job market. Tokyo, not London, was New York’s greatest rival as a global financial center.

    . Then the bubble burst. After reaching close to 40k, the Nikkei plummeted more than 70% from its record close, set on 12-29-89. Since then, Japan has all but disappeared from the radar screens of US investors. Japanese companies like Toyota and only have become so much as much a part of the fabric of American life as Coca-Cola and Microsoft.

    . With the market locked in a trading range for two years since then and Japanese stocks in 2007 suffering through their worst year since 2002, the picture today looks different. The Nikkei index fell 11.1% in 2007, the first losing year in five years.

 

. South Korean president-elect Lee Myung-bak reaffirmed his complete hand-offs policy over college admission, thus giving universities more autonomy in recruiting students in a bid to shift the nation’s educational paradigm from egalitarianism to one in which more competition is allowed.

    . The Constitutional Court gave the green light to a new fraud inquiry into Pres-elect Lee Myung-bak. It dismissed a petition that his relatives and former business associates filed last month against the independent probe. It will focus on his alleged role in a 2001 financial scam involving his former business partner (Kim Kyung-joon)

    . Staring next year, smaller automobiles that pump cheaper liquefied petroleum gas will hit the streets. Hybrid cars may also be built to pump LPG but for a limited period of time, up to 2015, the government transition committee said.

 

. Pres. GMA of the Philippines (RP) boasts of 6.9% growth of the economy in 2007, but export growth fell to half of the projected 9%, while local manufacturing had contracted 6.1% in the first half continuing into the second. The fall of the US dollar resulted in the most sluggish Christmas season sales in years.

    . Indonesia, Sri Lanka and Cambodia surged ahead of RP in public infrastructure investment, standard of

living and in hunger ratings. While the country grows poorer, the major listed corporations in oil, water,

property and telecom have unprecedented profit growth of 45% to 60% in 2006.

    . Almost 4 million Filipinos go hungry everyday while their political leaders use the people’s money to lavish themselves every year with billions in pork barrel funds, intelligence funds, social funds and all forms of discretionary funds. This thievery comes in various forms, e.g., P500k gift bags, P200k Christmas bonus, make scrounging for food more painfully hard to bear.

 

. Former president 86-year old Suharto of Indonesia suffered a multi-organ failure and was placed on a ventilator as family members rushed to his bedside. Physicians called his deteriorating health “alarming.” He initially responded well to blood transfusion & kidney dialysis. His condition has fluctuated almost daily.

    . Indonesian president Susilo Bambang Yughoyono called for Indonesians to be better protected from abusive employers in Malaysia as the two countries signed a pact to boost bilateral trade. Almost 60% of the more than 2 million foreign workers in Malaysia are from Indonesia, including more than 270k maids.

    . The commander of Pekanbaru Air Base, Col. Gandara Olivenca, will be dismissed for allowing foreign nationals without security clearance to travel in a military helicopter that crashed at Riau oil palm plantation.

 

. The Indonesian and Malaysian governments have agreed to form an Eminent Persons Group (EPG) consisting of, among others, experts from the youth, Islamic scholars, intellectuals and prominent women, to foster mutual understanding between the two nations.

    . Malaysian elections may be held during the holidays in school buildings in early March (7 to 16) a couple of weeks after the Chinese New Year which falls on Feb. 7. Political parties and leaders seem to have stepped up a year in their preparations.

    . Malaysia has frozen the recruitment of Indian workers, including temple priests, sculptors and musicians in a move apparently linked to an unrest by Malaysia’s ethnic Indians, an official said.

 

. Pres. Nguyen Minh Triet of Vietnam called on the northern mountainous province of Ha Giang to boost efforts in exploiting its own potentials and human resources for the province’s development.

    . After two and a half years of construction, the Thu Thiem Bridge, which links HCM City’s center and the new urban area of Thu Thiem District 2, officially opened to traffic last week.

    . The State Bank of Vietnam must provide economic growth of 9% for 2008 while ensuring inflation stayed below that figure, PM Nguyen Tan Dung said.

 

    . Despite an improved economy, many Japanese are feeling a sense of insecurity about the nation’s schools which once turned out students who consistently rank at the top of international tests. That is no longer true, which is why many people here are looking for lessons from India, which the Japanese see as the world’s ascendant superpower. Japan is suffering from a crisis of confidence these days about its ability to compete with its emerging Asian rivals—China and India. But even in this fad-obsessed nation one result was never expected: a growing craze for Indian education.

    . The world’s cheapest car was revealed by India’s Tata Motors with a US$2,500 price tag that brings car ownership into the reach of millions of people, despite fears of environmentalists. But it is not the kind of car (too small) that will attract American buyers.

    . Almost the whole of the county will become a no-smoking zone by May 31 if the health ministry has its way. Homes and designated smoking areas at airports & restaurants will be the only places where one can have a smoke once the government introduces the “Smoke-Free Workplace Rules.” Once that happens, India will join the list of countries most intolerant toward smoking.

 

. The day she was assassinated, Benazir Bhutto had planned to reveal new evidence alleging the involvement of Pakistan’s intelligence agencies in rigging the country’s upcoming elections in favor of Pervez Musharraf.

    . Did our CIA have anything to do with Bhutto’s assassination? Musharraf signed the Iran-Pakistan-India natural gas pipeline deal the US vehemently opposed; then GWB called for “return democracy to Pakistan;” then Bhutto was killed! When do we learn to respect other countries’ sovereignty and not put our nose where it doesn’t belong? And we wonder why the world doesn’t like us!

    . Bhutto may have been GWB’s candidate as Musharraf’s successor or subordinate in a system with a more semblance of democracy. But those in Pakistan and elsewhere who stay loyal to her memory and do not miss the primary lesson from her martyrdom, must resist and rebuff Washington’s efforts to save the country’s military and militants further.

 

. The Sri Lankan government announced it was formally withdrawing from the Norwegian-arranged ceasefire agreement with Tamil Tiger rebels, said the presidential spokesman to the AFP.

    . The Tamil United Liberation Front leader welcome the decision to abrogate the Ceasefire Agreement, saying it only helped the LTTE to expand its terrorist activities and to blindfold the international community.   

    . The Minister of Commerce, Marketing Development Cooperative & Consumer Service promised to keep the prices of essential food items under control before the Sinhala New Year.

 

 

 

 

 

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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