" Supporting Asian and Minority Businesses"

Home Feedback FAQs 

wpe1.jpg (6714 bytes)

   Member Login

[Home]
[
About AABR]
[
Membership]
[
Services]
[
Bulletins]
[
Products]
[
Our Sponsors]
[
Conferences..]
[
Coming Events]
[
Press Releases]
[
Agency News]
[
Links]
[
Contact Us]
[
Make A Donation]

 
"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

(this section available to paid members only) TO SUBSCRIBE, CLICK HERE

 III. Federal Government       Member Login

(this section available to paid members only) TO SUBSCRIBE, CLICK HERE

IV. International

 

               

 

IV. International (9-16-08)

 

. In China and India where middle-class aspirations have trumped concern about gas prices and climate change, cars continue to chase bicycles off the streets. Two decades ago in New Delhi, bicycles held a 60% share of the traffic flow; down to 4% today.

     . Recent history suggests that the cycling decline in China and India may be short-lived. A similar decline occurred in Taiwan 30 years ago when the export-based economy shifted into high gear. Many of Taiwan’s 23 million residents bought motorcycles and then cars, as the bicycle disappeared as the commuting vehicle.

     . Japanese commuters ride bikes often but not for very long, usually less than 15 minutes. Train stations are no more than one and a half miles apart in most of the city. Compared with walking or taking a bus, riding a bike shaves precious minutes off the daily trip to and from a station.

 

. Violent outbursts are continuing in the Xinjiang region of W. China, with the latest resulting in the deaths of two policemen who were attacked 8/23 while searching a cornfield for a woman believed to be involved in a separatist cell. Each of four attacks in August was directed at police or security forces.

     . In both Xinjiang and the nearby Tibetan region, China has deployed thousands of security personnel in recent months to keep the peace and root out troublemakers. Tensions remain high and the government might consider keeping those forces in the region indefinitely.

     . The Chinese media criticize the Dalai Lama as someone who cannot be trusted, while government officials insist their problems in Xinjiang are the work of terrorist forces attempting to split China.

 

. Tens of thousands of angry protesters, many of whom lost their life savings in illegal investment schemes run by legitimate real estate and mining companies were closed by police in Hunan province, residents and news agencies reported.

     . Since 2004, high-return investment schemes have been a popular way for real estate and mining companies and even local associations of private businesses to raise money. Typically, they offer investors returns of 3% to 10% a month, compared with bank account interest rates of about 5% a year. The funds collapse when investors panic and demand their money back en masse.

     . Victims include laid-off workers investing their pensions and farmers who had sold their land to developers and have no other way to earn a living. The chairman of the board of one real-estate company and a member of a local consultative Congress was a well-known local entrepreneur, according to Sing Tao Web site. Nearly 40 companies raised about $1 billion this way. When some companies had difficulty repaying, people began to panic.

 

. Ten of thousands of Taiwanese marched in the streets of the capital to protest the president’s efforts to improve relations with rival China. It was the first protest rally against Pres. Ma Ying-jean since his inauguration in May.

     . As much as 20 tons of the toxic milk powder has entered the Taiwanese market and been sold to 10 distributors in many parts of the country.

     . Honeywell International was given approval for an extension of a previously issued license to sell engines to Taiwan for its Indigenous Defense Fighter.

 

. Since the 1970s when the newly affluent Japanese began to travel overseas in groups led by flag-waving guides, they have been scoffed at for overrunning the ancient temples of Angkor in Cambodia, crowding out the Northern Lights in Alaska, and grabbing too much Gucci in the capitals of Europe.

     . A long slide in Japanese overseas travel is all but certain. The problem of overseas travel is exacerbated by fear of terrorism and disease. Looking at survey data, the young people are increasingly becoming “risk-adverse, comfort-seeking, incurious about foreign lands and loathe to strap on a backpack to travel rough.”

     . Another reason is the emergence in the past 15 years of a large part-time workforce, which now includes a third of all employed Japanese. Part-time jobs which are held disproportionately by people in their 20s tend to pay less and offer less generous vacation benefit than corporate positions that were widely available before the Japanese economy nose-dived in the 1990s.

 

. If the news of Kim Jong Il’s of North Korea serious illness is true, who is the likely successor to him? Kim Kyong Hui is a younger sister, married to Chang Sung Taek is one of his most influential aides before being purged in 2004. He was rehabilitated later and named to oversee internal security.

     . Kim Jong Nam is the eldest son, considered the likely successor before he fell out of favor in 2001 after he was caught trying to enter Japan on a fake passport to visit Tokyo Disneyland.

     . Kim Jong Chui recently assumed an important post in the ruling Korean Workers’ Party, the same one his father took over in 1969 before succeeding his own father, fueling speculation he could be next in line.

 

. Was the proposed Mindanao Peace a ploy to break up southern Philippines? One of the winners could have been the US which would have been rewarded by the Muslim parties with permanent military bases from which to monitor Jemaah Islamiyah in Indonesia and Malaysia as well as Chinese activities in the Spratlys.

     . Inflation surged to 12.5% in August, a 17-year high, said the government, warning that the rise could impact economic growth targets for this year.

     .  Schools are not producing the many kinds of skills for its labor market needs which is hurting economic growth, according to an Asian Development Bank study.

 

. Indonesia stopped sharing samples with the World Health Organization (WHO) in Dec’06 out of fear that pharmaceutical companies would use them to make vaccines that are too expensive for poor countries. This is the standard process—Indonesia sends a virus to WHO but it suddenly ends up with the US government.

     . The Supreme Court upheld a ruling by the nation’s anti-monopoly body that found Temasek Holdings Pte, a Singapore-based investment firm, guilty of violating anti-trust law.

     . Winning Muslim support and refining the image of corrupt lawmakers ahead of next year’s elections are motives behind effort to pass an anti-pornography law, observers say.

 

. Malaysian Foreign Minister warned that violence in Mindanao (RP) could worsen unless the government and the National Islamic Liberation Front (MILF) return to the negotiating table.

     . Rights activists condemned the arrest of a Malaysian opposition lawmaker and two journalists under a tough security law accusing the government of trying to avert an opposition bid to seize power.

     . The US summoned Malaysia’s top envoy in Washington to protest its crackdown on dissent at a time when the opposition is attempting to take over power in Kuala Lumpur.

 

. Thailand’s PM was forced out of office after a court ruled that he had broken a conflict-of-interest law by hosting a TV cooking show. The court said the cabinet must resign but will stay for now as a caretaker govt.

     . Acting premier Somchai Wongsawat has an advantage over two other rivals in the People Power Party (PPP) in the race to become the next PM. He is favored by former PM Shinawatra who is still influential.

     . Exports next year are set to expand from their original 10%, as shipments have been only affected marginally by political uncertainty, the Department of Export Promotion reported.

 

. PM Hun Sen of Cambodia just won reelection for a new 5-year term. In the past 10 years, US and many other countries have been pressing hi to pass a comprehensive anti-corruption law. Hun continually promises but never delivers.

     . Kuwait has agreed to give Cambodia loans totaling $546 million to develop agriculture, build hydro-power facilities and construct roads, said the Cambodia Foreign Minister. This is the second-largest aid pledge ever received by the country, after aid and loans totaling $601 million from China last year.

     . Cambodian Muslim students will be allowed to wear Islamic attire, including hijab, as of the new academic year in October, reported the Phnom Penh Post.

 

. An estimated 1.3 Dalit women work as manual scavengers, carrying away human waste from dry-pit latrines! In this status-obsessed society, some upper-caste Indians still refuse to eat food prepared by a Dalit.

     . A Dalit is an untouchable in India. To break away from the inhuman plight they were born into and shackled by the caste system, they head for the factories of New Delhi and Mumbai, change their last names where caste is more easily escaped there, giving them access to new and better-paying jobs in the big cities.

     . The largest non-government study (funded by the U. of Pennsylvania) of economic gains made by the Dalits in India’s strengthening economy, including the survey of 20k Dalit households, show that migration to urban centers is helping one of India’s most impoverished and ostracized communities break free from such constraints.

     . India PM Manmohan Singh in under fire about a nuclear deal with the US after a letter came to light in which the US says supply of nuclear fuel would stop if India conducted a nuclear test.

 

. Asif Ali Zaldari, the widower of slain PM Benazir Bhutto and a controversial politician with little experience in governing was elected president of Pakistan on 9/06. He has promised a tougher fight against the Taliban and al Quaeda extremists ensconced in the tribal areas.

     . A Pakistani lawmaker defended a decision by SW tribesmen to bury 5 women alive because they wanted to choose their own husbands, telling stunned members of Parliament to spare him their outrage.

     . Twenty people were killed in SW Pakistan 8/27 after US and Afghan troops crossed from Afghanistan to pursue Taliban insurgents in an early morning attack, the first known instance in which US forces conducted an operation on Pakistani soil since US-led war in Afghanistan began, said victims and a Pakistani official.

     . Cholera has broken out among many, up to 300k Pakistanis who fled the fighting between government forces and militants, said the International Committee of the Red Cross (ICRC).

 

 

 

 

 

 

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
Return to Top

Copyright © 2002, 2003, 2004 Asian American Business Roundtable
Send mail to webmaster@iccsnet.com with questions or comments about this web site.
Last modified: October 18, 2005