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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. 94 No. 188                                                    May 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 (05-16-08)

 

. While poverty rates in South Asia have decreased in recent years, more than million people remain below the poverty line and account for nearly 40% of the world’s poor, according to the UN. Most of the workforce, from fruit vendors, brick layers or day laborers are among the most vulnerable when there is spike in prices.

     . With prices soaring for staples, e.g., cooking oils, wheat, lentils, milk and rice across the globe, Hindu priests are seeing the consequences in their neighborhood temples, where even the poorest of the poor have long made donations to honor their faith. Imams from local mosques report the same thing.

     . With 30 million tons traded annually, government export curbs, such as those from India and Vietnam, have spooked importers, such as Bangladesh and RP at a time when global stocks have halved from 2001.

 

. As China scrambles to fuel its galloping economy, it has already scoured the world for mining and logging concessions. Now it is turning to crops to feed its people and industries. Chinese enterprises are snapping up vast tracts of land abroad and forging contract farming deals.

     . Briefly in Nov, Petro China became the world’s first $1-trillion company by some measures of its market value. But by the end of April, shares of Petro China had plummeted below its IPO price for the first time.

     . A speeding express train derailed and crashed into an oncoming regional train in E. China killing at least 70 people, and more than 20k recently died 5/12 from a 7.9 magnitude earthquake in Central China.

     . As China embraces Capitalism, its athletic teams are cashing in. Commercialization of sorts is unavoidable. Attitudes about sport have undergone a dramatic shift from the days when the government focused on collective gain rather than individual accomplishment.

 

. The door for Chinese Pres. Hu Jintao’s visit to Japan swung open last fall when Japanese Premier Tasuo Fukuda announced he wanted better relations with China. He signaled he had no intention of maintaining the stridently nationalist tone of his 2 most recent predecessors.

     . He distanced himself from Shinzo Abe, his predecessor, and played down the role of Japanese military in recruiting sex slaves for its soldiers during the war. He also said he would not visit Yasukumi, a Tokyo shrine that honors convicted war criminals along with 2.5 million of the county’s war dead. PM Junichiro Koizumi who left office in 2006 visited the shrine on several occasions.

     . For all the high-level warmth surrounding Hu’s visit, there remains an undertow of noisy nationalism in Japan that perceives a threat in all things Chinese. The discovery in February of insecticide-tainted Chinese dumplings triggered boycott of food from China. Media coverage and some public reaction bordered on hysteria.

 

. A Chinese court in Tibet sentenced 30 people to prison for their role in anti-China riots that broke out in Lhasa in March, the official Xinhua News Agency reported. The riots and subsequent crackdown left scores of people deal and earned China international criticism of its human rights record.

     . The Dalai Lama has denied any involvement in the unrest and he has long “insisted he is seeking greater autonomy for Tibetan parts of W. China, not an independent Tibet. His senior envoy urged an end for aggression in Tibet, release of Tibetan prisoners and suspension of patriotic education in which Buddhist monks are required to disown the Dalai Lama, in recent resumption of talks with China.

     . If the sentences issued are any guide, the Chinese government has no intention of softening its position on Tibet or on those who had a hand in the rioting that has deeply shaken Beijing. The violence was directed at Han immigrants (majority Chinese group), long encouraged by Beijing to migrate to the Tibetan Autonomous Region in a policy Tibetans deeply resent.

 

. The price of rice in international markets has nearly doubled since January, to about $1k a ton. But it remains an absolute steal compared with rice grown in Japan, which costs more $2,300 a ton.

     . As a long-term social policy, the government has largely protected rice farmers from imports, while keeping them on small farms with the help of subsidies. As the cities boomed after WW II, the high price of rice helped send some of the wealth generated there to rural areas.

     . Japanese farmers produced 2.2 million tons of rice last year but exported only 1k tons. Thailand sold 9.4 million tons last year. US imported just 128 tons, nearly all of which was purchased by Japanese restaurants.

 

. Human rights advocates are on a collision course with lawyers on the Korean Peninsula. South Korea has yet to dispatch large shipments of free food and fertilizer that over the past decade have become an essential item for North Korea’s economy helping millions to avoid famine. The delay is hurting the average North Korean, and tension has increased on both sides of the border.

     . Inside NK, food runs short every year, even in areas where crops are good. SK’s decade-old aid program this year: 500k tons of various kinds of food and enough fertilizer to grow about 900k tons of grain has become a building block in hunger prevention, international food experts say.

     . The problem is exacerbated by doubling of staple food prices in the past twelve months as a result of flood-damaged local harvest, soaring world food prices and an unexpected drop in aid from China.

     . North Korea mobilized tens of thousands of citizens to celebrate the Olympic torch relay in Pyongyang, the first such event in the authoritarian nation. NK’s main ally is China, and a key aid provider. Pyongyang has condemned disruptions of the torch relay elsewhere and supported Beijing in its crackdown on Tibet.

     . North Korea exhorted its hunger-stricken population to redouble efforts to increase grain production, saying that nothing is more urgent for the nation than addressing food shortages.

 

. The Philippines’ population has jumped from 60 million in 1990 to 92.5 million today. The attention has become drastic with this year’s global food crisis. With the price of rice soaring, the poorest of Filipinos are faced with spending more of their meager incomes on food, or go hungry.

     . The Catholic Church does not have a reasonable policy in controlling population growth. It is

irresponsible to bring children to the world that the parents cannot feed, clothe or educate. God would not be part of this irresponsible policy. There is nothing worse than a piercing cry of a hungry child at nighttime.

 

. Tropical cyclone Nargis hit a delicate time (100,000 killed; 41,000 missing; more than one million were

displaced) for the Military Junta in Myanmar with a crucial referendum on a new Constitution. If they fail the disaster victims, victims who already blame the regime ruining the economy and squashing democracy could out their frustrations at the ballot box.

     . Military leaders of Myanmar seized a shipment of UN food last Friday intended for victims of a devastating cyclone, declaring that they would accept donations of food and medicine but not the foreign aid workers, international groups say are in equally short supply there.

     . GWB froze the assets of state-owned companies in Burma that prop up the nation’s military junta, long condemned by the international community for its suppression of pro-democracy dissidents.

 

. In New Delhi, the price of rice rose by 20% and the price of lentils by 18% in the past year. Cooking oil prices have climbed 40% over the same period. The price of milk, which is essential in both diet and religious ritual, rose more11% in the past year. Many Indians are vegetarians who depend on milk and its byproducts.

     . Indian tourist arrival has decreased by 19% in April as compared to the same period last year, resulting in 1% decrease in the overall tourist arrival in Nepal.

 

. The few China critics who turned out in Hong Kong during the Olympic torch relay were heckled by large groups of supporters, including visitors from the mainland who handed insults in Mandarin rather than the local Cantonese dialect.

     . Indonesia is moving to develop bio-fuel plantations with the Chinese National Overseas Oil Corp. The Environmental Investigation Agency (in London) believes other deals are in the works, often through proxy companies because of long-running anti-Chinese sentiment in the country. The group says the project would destroy natural forest.

     . Thailand is projected to produce about 15 million tons of milled rice in 2008, with 7 to 8 million tons for local consumption and the rest for export and stock, its agricultural ministry said.

 

. A Chinese-Cambodian joint venture converted land of the Phong tribal people into a tree plantation 20x larger than allowed by law in Cambodia, according to Global Witness. The group says the concession in Mondulkiri province encroached on grazing grounds, destroyed sacred sites, and used toxic herbicides.

     . Entire hills in N. Laos have been scalped of green cones and rubber trees penetrate into the tangled natural forests. Also being cleared are the secondary forests, sources of medicinal herbs and edible plants that tribal people have depended on for generations.

     . US Army’s chief liaison to Pakistan (Major Gen Jay Wood) was pulled out from the assignment partly because of controversy in that country over his past command of the US military prison at Guantanamo Bay, Cuba, a US military official confirmed..

     . Separatist rebels destroyed a Navy cargo ship in Sri Lanka earlier this month in the eastern port town of Trincomalee, just hours after a bomb explosion in a café killed 11 people. Both incidents were blamed on Liberation Tigers of Tamil Eelam (LTTE).

     . Allegations of fraud voter intimidation and sporadic violence marred provincial elections in E. Sri Lanka despite the government’s claim they would be a celebration of democracy for the region recently liberated from Tamil Tiger rebels.

     . According to US & European intelligence officials and diplomats, NCG (Namchongang Trading) provided the critical link between Pyongyang and Damascus, acquiring key materials from vendors in China and probably Europe, and secretly transferring them to a desert construction site near the Syrian town of Al Kibar.

 

 

 

 

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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