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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. 96 No. 192                                                    July 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 (7-16-08)

 

. Tuna fishing-boat operators in Japan, China, Taiwan and South Korea have agreed to suspend activity for several months in the face of soaring fuel costs. It should help the declining population of the fish to recover.

     . Mongolians endured long lines to vote in parliamentary elections after the 2 major parties campaigned on pledges to share more of the country’s natural wealth with the mostly poor public, but disagreed over whether the government or private sector should hold a majority stake. Recently discovered mineral deposits include copper, gold and coal.

     . Seizing on rising oil prices and coalition party stresses, political opponents are pushing to unseat the leaders of two S.E. Asian democracies (Thailand & Malaysia), only 2 months into their elected terms, raising the prospect of prolonged instability and social tension.

     . GWB met Vietnam’s P.M. Nguyen Tan Duong last month to discuss closer ties on trade and greater religious freedom, signifying another step forward in the slow warming of relations between the US and its communist former enemy.

 

. Paramilitary police swarmed Weng’an in SW China and detained hundreds of people for allegedly torching police and government buildings in an outburst of public anger over a suspected police cover-up in a teen-age girl’s rape and murder.

     . Beijing is on watch for potential trouble in the capital city on the eve of the Olympics. The crackdown is part of a broad effort to squelch any sign of conflict that may disrupt the harmonious atmosphere it is attempting to maintain to prepare the Olympic Games. It includes increased surveillance and detention of dissidents and denial of visas for thousands of foreigners who might be troublemakers.

     . The Australian government’s sudden revision of foreign policy with respect to Australia’s raw materials by extractive companies: current targets for Chinese direct investment.

     . More than half of Web sites (52% of more than 200k infected sites) foisting malicious software on visitors, are located in China, according to new data released late last month

 

. China Times (Taiwan) reported that China was pointing new ballistic missiles at the island despite improving ties that resulted in an agreement to resume direct charter flights between them.

     . The legislature smoothly confirmed all Examination Yuan hopefuls, including VP Wu Jin-lin and other members of Taiwan’s unique government branch in charge of holding & supervising civil service exams.

     . The new government’s measure of lifting fuel price freeze and promoting energy saving have sharply reduced the import of crude oil by 26% in June.

 

. In Japan energy consumption per person is about half that in the US and the growth of greenhouse gas emissions is slower than anywhere else in the world. The exception is the toilet where energy use is surging.

     . No industrialized country has been more effective in squeezing more affluence out of less imported energy than Japan. Relative to its economy, Japan consumes only a third as much oil as it did 35 years ago.

     . Toto, its largest toilet maker has cut monthly cost of electricity for its multi-featured toilet from $4.69 to $2.59 without the involvement of the toilet user. Tito and other manufacturers invested in the intelligent toilet.

After a few days on the job, it memorizes when and how family members do their business. With history as its guide, the toilet intermittently heats up its seat and warms its water.

 

. South Korea, which eats more beef than most others in Asia, is in the dizzying throes of a beef-triggered populist upheaval. It has crippled a newly-elected president and kept the National Assembly from meeting.

     . South Korean police raided the office of civic groups that have led weeks of protest against a government plan to resume beef imports. Officers confiscated computers and other materials.

     . A US ship bearing 37k tons of wheat has arrived in North Korea, the first installment in what is scheduled to be a major expansion of international food aid in the closed totalitarian country.

 

. The Philippine government is involved in another scandal when administration officials required large kickbacks from an identified contractor, this time from China, for the $320-million ZTE contract where claims of at least $130 million in commissions & kickbacks have already been made., with an advance of $41 million. This incident makes RP the most corrupt country in Asia. Beware of doing business there!

     . The delegation that came to the US last month with Pres GMA was a big failure. GWB gave her less than 30 minutes. Filipinos resented her trip when the money could have been used to help feed the hungry.

     . A nurse for a diplomat’s family in NY has alleged that former RP Permanent Rep (Ambassador Lauro Baja) in UN, his wife and adult daughter were involved in human trafficking working her like a slave.

 

. Thailand’s opposition called for a no-confidence vote against P.M. Samack Sundaravej’s government on a range of issues, including economic policies and territorial disputes with neighboring Cambodia.    

     . A dispute over the 11th century Preah temple on the Cambodian-Thai border has inflamed political tensions in the 2 countries. Thai P.M. faced a no-confidence vote over his support for Cambodia’s bid to have the temple declared a UNESCO World Heritage site.

     . Between 4k and 5k small businesses ceased operations in June due to rising fuel cost.

 

. Malaysian opposition leader Anwar Ibrahim, denying accusations of homosexuality, took refuge in the Turkish embassy, saying he feared a government plot to assassinate him.

     . A 30% windfall profit tax was imposed July 1 on independent producers as part of government efforts to offset rising costs to cope with rising global prices, in spite of criticism it may hurt capital markets.

     . Australia & Malaysia are involved in a joint venture to improve Afghan education through teacher-training to boost literacy.

 

. Cambodia has replaced Vietnam, once the darling of international fund managers, even though it was once known in the West only for its political violence and poverty.

     . Its young an inexpensive workforce, rising productivity, a pro-business government and 30 years of an isolating war have made the country “one of the best investor diversification plays around.”

     . Just 10% of Cambodians have access to Internet but a small number are taking up the craft of blogging.

 

. There is a growing anxiety among Indian Muslims, following a series of bomb threats carried out by radical Islamic groups over the past 3 years. As a result, moderate Muslims are starting to guard against Islamic groups that advocate stricter interpretation of Islam.

     . Indian Muslims have always followed a moderate tradition. There have been no calls to violence in the mosques. But they can no longer remain complacent. A few have begun giving shelter to terrorists, helping put together the explosives and pressing the timer. But many have publicly denounced terrorism and say that the tradition of moderation is the strongest deterrence against terrorism.

     . About 300 Indian Muslims have been detained or arrested in connection with about a dozen bombings that have ripped through India since 2005. Radicals are driven by 2 recent episodes: demolition by a Hindu mob of a Muslim mosque in 1992 and sectarian killings in Gujarat when 1,000 Muslims died in 2002.

 

. A powerful explosion ripped through a compound used by an armed Islamist group (Suppression of Vice & Promotion of Virtue Movement) in Pakistan’s volatile tribal areas, killing 8 people as its paramilitary forces pushed forward with their offensive against the insurgents.

     . A suicide-bomber detonated explosives near a crowd commemorating a deadly government-led raid on a radical mosque last year. The Red Mosque has been the center of Islamist fundamentalism since its inception and was known for its distinctive red walls as for its large number of students from Pakistan’s religiously conservative NW Frontier Province and tribal areas.

  

. There has been an increase in the flow of foreign fighters to Pakistan’s tribal areas to join the militants there. This flow makes Pakistan the preferred destination for some Sunni extremists in the Middle East, North Africa and Central Asia who are seeking to take up arms against the West, say American military and intelligence officials.

 

 

 

 

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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