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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 (Vol. XXXXVI/No. 92)
May 14,  2004

General    Private Sector    Federal Government    International    Miscellaneous

 I. General   

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

II. Private Sector   

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 III. Federal Government   

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IV. International

. Over 1,600 people in 9 Asian countries were asked what they would do in 10 everyday situations. The “honesty test” was carried out by researchers in shopping malls in the Philippines, Hong Kong, India, Indonesia, Malaysia, Singapore, South Korea, Taiwan and Thailand.

. Filipinos (82%), according to the survey, have few qualms about turning a shoplifter in or telling a friend his or her spouse was having a romantic dinner with a stranger.

. The lowest score came from Taiwan (48%) where personal safety ranked high among people reluctant to get involved.

. In personal relationship, Indonesia had the lowest score (33%), where respondents said it was none of their business, and would not want to be involved.

.  Authoritarian governments, e.g., former regimes of S. Korea & Taiwan, while depressive toward political dissidents, leave others unmolested. Civil society exists and nonpolitical independent institutions are left alone. A totalitarian government, e.g., N. Korea, politicizes every aspect of life with an all-encompassing ideology and an idolized leader. It was true as well with Stalinist Russia and Maoist China.

. The health of China’s already troubled banking industry may deteriorate further if Beijing is successful in its effort to slow the issuance of new loans, but a financial crisis is unlikely, said credit-rating agency officials.

. Anheuser Busch bought a 29% stake in Harbin Brewery Group, China’s 4th largest brewery, for $139 million. It already owns a 9.9% stake in Tsingtao brewery, China’s largest beer-maker.

. Datang Intl. Power Generation, the 2nd largest Hong Kong-listed electricity generation in China, plans to raise $724 million, selling shares locally to help find construction of more power plants.

. Taiwan’s exports rose 22.8% in April from a year earlier on strong demand from China, its largest export market.

. The Japanese Govt. was dealt a severe blow when Yasuo Fukuda, chief cabinet secretary, quit over his failure to contribute to a state pension plan.  

. Japan Air Lines posted a record annual loss, citing SARS and avian flu epidemics. It reported loss of $788 million for the year ending March 31.

. NTT DoCoMo said profits this year would be sharply lower than the market expected, reflecting competition to lure users to 3rd-generation technology.

. The 2 Koreas ended 3 days of cabinet-level meetings in Pyongyang. Without agreement on increasing economic exchanges or reducing military tension along the border.

. Defense Ministry officials said Shin Il Soon, deputy commander of the South Korea-US Combined Forces Command, was arrested on embezzlement charges.

. Intelligence officials have broadly concluded that a separate N. Korean uranium-enrichment program will be operational by 2007, producing enough material for as many as 6 additional weapons a year.

. DaimlerChrysler has decided to sell its 10.5% stake in South Korea’s Hyundai Motor and is sharply scaling back other aspects of their 4-year old partnership.

. The Philippine budget deficit is $3.6 billion and unemployment is at 11%. About 44% of the nation’s 84 million live on less than $2 a day.

. The proportion of overseas Filipinos who have registered to vote is small (with the exception of Hong Kong and Singapore)—only 368,000 of an estimated 1.7 million qualified voters worldwide, or 21%. Turnout could be even lower. Only 140,000 overseas voters had cast their votes by May 1.

. Workers in the Middle East face long distances and have to organize car pools to save on fuel costs to get to voting centers located in just 2 cities, e.g., Abu Dhabi and Dubai.

. Voting by mail is allowed only in Japan, Canada & UK, countries perceived to have highly reliable postal systems.

. Many overseas Filipinos were further discouraged by a govt. requirement that they return to RP for good within 3 years of voting, or lose their chance to vote again overseas.

. Polling firm Social Weather Stations projected GMA as the winner in the May 10 presidential elections with 41% of the votes, compared with 32% for her closest rival, FPJ. Eighty-one percent of 43 million registered voters went to the polls Monday.

. Manila released a report done last year warning of about 50 Abu Sayyaf terrorists being trained as suicide bombers by Indonesian instructors who are members of Jemaah Islamiyah.

. Petron, Shell & Caltex, the so-called Big Three of the oil industry, earned an estimated P1.1 billion from overpriced oil products last year.

. Hameiraji Sale, a top leader of the Abu Sayyaf , and 5 other terrorists were killed last month. He had a $5-million bounty on his head and had taken part in numerous abductions & killings of Americans in RP.

. RP’s leading non-traditional media provider RP Concepts has clinched a major deal with the Bangkok Mass Transit Authority (BMTA), the 4th largest company in the world.

. Clashes in southern Thailand last week littered the streets with the dead Muslim militants, shattering the country’s reputation as a land of peace & tolerance.

. Indonesia appears to be most vulnerable to terror at present, facing a 3-pronged problem: political transition, ethnic violence and economic instability.

. May 7, 1954 fifty years ago, silence fell upon the hills of Dien Bien hu in N. Vietnam. This once calm mountain valley had become the symbolic graveyard of 60,000 French soldiers who died in the Indochina War. 

. In a regime that is now making way to Capitalism, silence remains the mark of Communism. When facing their own history, the Vietnamese are well trained in concealing their unspeakable sufferings, their anger and their fears.

. The reasons for the French silence are easier to understand. The vanquished lie low. Many survivors are content to end their lives without answering the question their children never ask: Did you participate in acts of torture? Some did, burning villages, killing children they mistook for terrorists, raping women.

. It seems the echoes of Dien Bien Phu are heard in the streets of Fallujah at the Abu Ghraib prison. Forty years ago, French friends of America tried to warn Washington about the pitfalls of Vietnam. The French themselves repeated their mistakes in Algeria.

. Standoff between the Burmese military and pro-democracy forces continues to e a source of embarrassment for all ASEAN and humiliation for Thailand, which sees itself as capable of brokering a political settlement in Burma.

. Indian troops staged fake combat and made false claims about killing Pakistani soldiers north of Kashmir last year to win medals for gallantry, the Defense Ministry said last week.

. Outsourcing of service jobs in India accounts for only a tiny share of India’s farm-dominated economy, absorbing only 100,000 of the 2.4 million students who graduate from college every year.

. According to the IMF, good harvests and low interest rates helped the Indian economy expand by about 8.2% in the year that ended March 31.

. Last Friday’s bombing (of the Hyderi mosque) was the 3rd attack in as many months against Shiites who make up less than 15% of Pakistan’s 150 million Muslims and have often been targeted by radicals from the majority Sunni population.

. Authorities have blamed religious organizations in Saudi Arabia for funding radical Muslim Sunni groups in Pakistan. Iran, which is predominantly Shiite, has been accused of backing Pakistani Shiite extremists who have sometimes carried out the attacks on Sunnis.

. A powerful car bomb killed 3 Chinese engineers  wounded 11 other people as they rode to their jobs at a massive port construction project in SW Pakistan.

. Pakistani intelligence officials said they have received reports confirming Chinese claims that Muslim radical groups in Pakistan have forged links to militants in China’s majority Muslim Xinjiang province.

. The port is supposed to provide a shipping outlet for Afghanistan & other land-locked Central Asian countries. It is also envisioned as the centerpiece of a major new economic zone in a remote area that has long been starved for development. China & Pakistan are close allies with a long history of cooperation in military and other fields.

. The brother of deposed P.M. Nawaz Sharif was deported to Saudi Arabia Tuesday after he landed in Pakistan from more than 3 years in exile.

. Nepal’s Prime Minister (Surya Bahadur Thapa) resigned last Friday after weeks of protests demanding the return of democracy in the Himalayan kingdom, wracked by political instability and a Maoist insurgency.

. The commander of US military forces in Afghanistan (Lt. Gen. David Barno) expressed concern that Pakistan was taking an overly conciliatory approach toward foreign fighters w have taken refuge in its territory.       

V. Miscellaneous   

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

Copyright 2003 By:
Rawlein G. Soberano, Ph.D.
President
Asian American Business Roundtable
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Last modified: October 18, 2005