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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. 98 No. 195                                                    September 1, 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 (9-02-08)

 

. A month-long standoff between Thailand and Cambodia appeared to be ending as both sides pulled back their troops from disputed territory around a temple near their shared border, a Cambodian official said.

     . Five activists have been sentenced to two and a half years in prison for marching on the 20th anniversary of pro-democracy protests that were crushed by Burma’s military rulers, an opposition party official said.

     . Tens of thousands of Muslim waving green-and-black flags and chanting slogans marched to UN offices in Indian Kashmir’s main city to press their demands that India give up its claim to the region.

     . An estimated 200k people from tribal areas bordering Afghanistan have been displaced since the Pakistani army launched the Bajaur operation last month in response to growing US pressure to take action against the Taliban in the region.

 

. China Pres. Hu Jintao and Russian Pres. Dmitry Medvedev met in the Tajik capital of Dushande to discuss bilateral relations. Hu reiterated China’s support for Russia in hosting the 2014 Winter Olympics in the Black Sea resort of Sochi.

     . Central government departments and their subordinate units misused or embezzled about $4.52 billion yuan ($661.09 million) last year for which 14 officials have been detained, said the country’s top auditor.

     . Bank of China spokesman Wang Zhaowen denied overseas media reports that the bank had provided services for terrorist organizations. More than 100 victims of terrorism in Israel filed a lawsuit against the bank to stop transferring money to terrorist groups.

 

. Taiwan’s economic growth slowed sharply in Q2 on weak domestic sentiment, and will slump further in the second half as global slowdown starts to eat into exports, the government said.

     . Taiwan intends to ask the UN this month to grant it “participation” in the global club in a move that will put the nascent détente with China to its biggest test so far.

     . The office of former president Chen Shui-bian dismissed a magazine (Next Magazine) article that claimed he received kickbacks from the head f the Far Eastern Group. The amount was $11.5 million deposited in an overseas account to win management control of Pacific Sogo.

 

. Japanese police obtained warrants against 3 activists from US-based animal rights group Sea Shepherd for allegedly attacking Japanese whaling ships last year, a news report said.

     . Japan plans to start trial drilling in 2012 to extract frozen natural gas buried under the sealed oil test if the methane hydrate is a viable next-generation fuel. The project started 2001 to find out if the fuel is suitable for commercial production.

     . The project has used a depressurizing method in which icy gas crystals are returned to gaseous form inside a drilled hole. Drilling at the Pacific Ocean field will follow test-production this year in the Arctic Circle with Canada.

 

. Angry that US has not removed it from a list of states that sponsor terrorism, North Korea said it has stopped disabling its nuclear reactor at Yongbon and will consider rebuilding it. This action has prompted North Korea’s failure to allow experts to verify the scope of its nuclear program.

      . The negotiators did not require the North to make a detailed accounting of its suspected uranium enrichment program, or suspected sales of nuclear technology to foreign countries, including Syria. Nor was it required to specify how many nuclear weapons it has made.

      . Analysts in South Korea amid angry statements by North Korea fit a familiar pattern of negotiation by fist-shaking, something quite expected given that not much happened since they symbolically exploded the cooling tower. Besides, the North thrives on crisis to make progress in their favor.

 

. According to BBC, Philippine troops began their attack on Muslim rebels after the Moro Islamic Liberation Front (MILF) rebels failed to leave North Cotabato which is included in the 5-province Autonomous Region of Muslim Mindanao (ARMM)

     . A Muslim rebel organization rejected demands by the Philippine government for surrender of two renegade commanders Abdullah Macapaar and Ameril Umbra Kato) who have been blamed for recent attacks that killed dozens of civilians.

     . The Reformed Ilaga (rat in Ilonggo) Movement sent a strong message to MILF that it’s back with a vengeance. It warned the Muslim rebels to stop their reported atrocities or else… They first surfaced in the 1970s as once involved in the bloodiest violence in Mindanao.

     . Farm output grew in the first 6 months of 2008, exceeding the 3.7% growth in the same period of 2007 due to increased government spending on agriculture in such areas as farm loans, irrigation and expansion of cultivated land.

 

. Thousands of anti-government Thai demonstrators pushed into their P.M. office (Samak Sundaravej) compound in the latest protest to depose him. They accused him of being a proxy for former premier Thaksin Shinawatra who lives in exile in London.

     . The 2-month stand-off between the government and its arch-rival, the People’s Alliance for Democracy (PAD) is primed to reach an explosive stage. Sundaravej turned to the military brass to ward off the threat against his rule.

     . Local banks closed several branches 8/26 due to security concerns over massive rallies across Bangkok by anti-government protesters under PAD. Thai stocks lost 1.37% with the surprise seizure by protesters of several government agencies.

 

. Malaysia’s top opposition leader (Anwar Ibrahim) filed nomination papers for a parliamentary by-election that he is expected to win easily, the first step in his bid to bring down the government and become prime minister.

     . The government will increase subsidies for rice producers to ensure there is sufficient 15% broken rice supply for the fasting month and Hari Daya celebrations.

     . Dissidents in Malaysia’s ruling party demanded the PM’s resignation 8/27 after opposition leader Anwar Ibrahim returned to Parliament with a sweeping election victory.

     . Malaysian crude palm oil futures rose 3.8% 8/27 recovering from some of this week’s losses due to improved demands and rebounding crude oil prices, dealers said.

 

. Pres. Pervez Musharraf of Pakistan was not stepping down originally and his allies said he was prepared to fight impeachment charges. But pressure on him left him no choice after the ruling party drew up a draft of charges to support a potential impeachment.

     . Sixty people were killed and 100 were injured in coordinated suicide bombings (8/21) at Pakistan’s largest army munitions factory, the latest in a series of Taliban attacks against government targets.

     . Pakistan Peoples Party’s decision to back Asif Ali Zardari’s candidacy for president was unanimous. Foes still use his divisive nickname from those days, “Mr. 10 Percent,” for his alleged kickback demand on government contracts. He is the husband of former P.M. Benazir Bhutto.

 

. The Indian government survived a crucial vote of confidence, clearing the way for the contentious nuclear energy deal with the US, after a debate peppered with diametric allegations of back-row lobbying and bribery.

     . Thousands of panic pilgrims stampeded at a remote mountaintop temple (Naina Devi) in N. India during celebrations to honor a Hindu goddess Shakti or divine mother, sending dozens of people to plummet to their death and trampling scores more. Police said 145 were killed.

     . Indian police officials have arrested 10 suspects in the series of bomb blasts that killed 56 people in the city of Ahmedabad last month.

     . Tens of thousands of Muslims marched in India’s portion of Kashmir in honor of Sheik Abdul Aziz, a prominent separatist leader killed in a recent wave of violence that has rocked the volatile Himalayan region.

 

 

 

 

 

 

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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