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Integrity Legal

Archive for the ‘China Business’ Category

19th June 2011

It recently came to this blogger’s attention that the nations of China and India have made arrangements to resume military exchanges. In order to provide further insight to the reader it may be best to quote directly from the Associated Press on the official website of Yahoo, Yahoo.com:

BEIJING – An Indian general led a delegation to Beijing on Sunday as the two countries moved to resume exchanges between their militaries after a yearlong freeze. Maj. Gen. Gurmeet Singh and seven accompanying officers arrived in Beijing on Sunday for a weeklong visit that will also include meetings with Chinese counterparts and stops in the business and shipping hub of Shanghai and the far-northwestern territory of Xinjiang. Such exchanges were suspended by India last year in protest over China’s decision to issue visas to Indians from disputed Kashmir in the form of a document stapled into their passports rather than a stamp. The decision appeared to question the legitimacy of Indian rule in Kashmir and was considered a concession to Pakistan, India’s arch rival with which China maintains close ties…

Readers are encouraged to click upon the hyperlinks noted above to read this story in full.

It is not difficult to infer that a resumption of military exchanges between China and India could have ramifications for virtually all countries around the world, at least to some degree. This is certainly important information for those who live in either India or China. The same could also be said for those living in Greater Asia as the resumption of military exchanges could have an impact upon the geopolitics of the whole continent. Meanwhile, those living in one of the jurisdictions which comprise the Association of Southeast Asian Nations (ASEAN) are prudent to note these developments as both of these countries are likely to be increasingly important trading partners with that organization in the future. Furthermore, it should be noted that China and India are currently associated with the so-called BRICS (Brazil, Russia, India, China, and South Africa) grouping of countries which many consider to be of increasing importance on the world stage.

With ASEAN in mind, the reader should note that China and India are not the only jurisdictions that are engaging in military exchanges as it recently came to this blogger’s attention that the United States Navy is conducting a naval exercise in conjunction with some of the ASEAN member states. To quote directly from an article written by Gilbert P. Felongco and posted on the official website of GulfNews.com:

Manila: The US Navy is conducting a naval exercise with its forces from the five member states of the Association of Southeast Asian Nations (Asean) amid rising tensions in the troubled South China Sea. Dubbed the Southeast Asia Cooperation and Training (Seacat) 2011, the drills were launched last Tuesday in the Malacca Strait, Sulu Sea and Celebes Sea and will run until Friday…The drills will focus on real-time information exchange, coordinated surveillance operations, tracking, and eventual conduct of visit, board, search and seizure operation, he said…

Those reading this web log are strongly encouraged to click upon the relevant hyperlinks noted above to learn more on this developing story.

The United States Armed Forces have been known to conduct exercises in many places and it would appear that the exercise noted above is designed to coordinate efforts between ASEAN members and the United States. Readers in the Kingdom of Thailand may note that the United States routinely works with the Thai military in undertaking exercises such as Operation Cobra Gold. Hopefully all such endeavors will accrue to the benefit of all concerned in the USA, Thailand, ASEAN, China, India, and Greater Asia.

For information related to doing business in Thailand please see: Legal.

 

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17th June 2011

It recently came to this blogger’s attention that the Chinese President has traveled to the nation of Russia for a State visit. It would appear as though this meeting is intended to facilitate greater cooperation between these two important countries. In order to provide further insight it may be best to quote directly from the People’s Daily Online, PeopleDaily.com.cn:

Chinese President Hu Jintao arrived in Moscow on Wednesday for a state visit aimed at deepening pragmatic cooperation between China and Russia. Hu said in a statement released upon his arrival at the airport that his visit intends to inject fresh impetus into the sustained, healthy and stable growth of the China-Russia strategic partnership of cooperation…

The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to learn more.

It is clear that China is becoming an increasingly significant player in the realm of geopolitics, international economics, and finance. Meanwhile, Russia remains a key player in both the European region and also in Northern Asia. Both of these countries have substantial economies. Therefore, the ramifications of Sino-Russian policies could impact the United States of America, the Kingdom of Thailand, and the broader Association of Southeast Asian Nations (ASEAN). At the time of this writing it remains to be seen whether this meeting will culminate in tangible results, but certainly it is important for those interested in Russo-Chinese relations. The reader may be interested to note that there have been recent announcements that a large Chinese Trading Complex is to be erected in Bangkok, Thailand.

The news about the Chinese President’s trip comes at the same time as an announcement in Britain regarding a new financial policy  that some are referring to as a “British Glass-Steagall” (an allusion to an American piece of legislation of the same name).  To shed further light upon this issue it may be best to quote directly from Yahoo Finance at Yahoo.com:

Finance minister George Osborne announced a major overhaul of Britain’s banks, approving a separation of their retail and investment businesses to help avoid another global financial crisis. In a high-profile address to finance leaders in central London, Osborne also announced that Northern Rock would be privatised three years after it was nationalised to save it from collapse as the global financial crisis hit. Osborne backed the findings of the government-appointed Independent Commission on Banking (ICB) which earlier this year called for a “ring-fencing” of retail businesses. “Today I have told the Commission that the government endorses both these proposals in principle… We will make these changes to banking to protect taxpayers in the future,” he said.

This blogger asks readers to click on the hyperlinks above to read this article in full.

Although geographically small, financial events that transpire in the United Kingdom can have a substantial effect upon the global economy as a whole. This statement is also true in the context of Asia as events (particularly in the financial realm) transpiring in the UK have implications for Asian jurisdictions. Hopefully the newly proposed measures will have a beneficial impact upon the British economy as well as the other economies around the world.

For related information please see: Thailand Company Registration.

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12th June 2011

It recently came to this blogger’s attention that the Prime Minister of Singapore has been discussing some of the issues associated with the development of the Association of Southeast Asian Nations (ASEAN) and that organization’s relationship with other international organizations.  To provide further insight upon these developments it may be best to quote directly from the official website of Channel News Asia, ChannelNewsAsia.com:

JAKARTA: ASEAN’s ties with various regional and international groupings are an organic architecture which is gradually developing, says Singapore Prime Minister Lee Hsien Loong. He was speaking at a plenary session at the World Economic Forum on East Asia in the Indonesian capital Jakarta on Sunday. Mr Lee said ASEAN’s ties with groupings like the East Asia Summit, the ASEAN Plus Three (which involves China, Japan and South Korea) and the Asia Pacific Economic Cooperation (APEC) have helped to strengthen ties with one another. He said while there’s temptation to make things neater, it’s wiser to accept the “untidiness” of these arrangements and let the structures evolve…

The administration of this blog encourages readers to click upon the relevant hyperlinks noted above to learn more on this issue.

An interesting aspect of ASEAN’s evolution involves the fact that ASEAN is quintessentially Asian in that it is somewhat amorphous. The jurisdictions which comprise ASEAN operate both independently, but maintain something of a common purpose and overarching goals. How ASEAN will evolve in the future remains to be seen, but for now it would appear as though “organic” evolution will continue. It should be noted that the United States of America recently was noted for apparently undertaking cooperative efforts to engage ASEAN, along with China. How such developments will play out in the future is anyone’s guess.

On something of a related note, a Chinese rating house was recently noted for an analysis of the U.S. financial situation. To quote directly from Yahoo News Canada at Yahoo.com:

A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order. “In our opinion, the United States has already been defaulting,” Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings, was quoted by the Global Times saying. Washington had already defaulted on its loans by allowing the dollar to weaken against other currencies — eroding the wealth of creditors including China, Guan said…

This blogger encourages readers to click upon the hyperlinks noted above to find out further details. Hopefully, the United States can determine a course of action to deal with such issues that is beneficial for all concerned. Those interested in such matters are encouraged to conduct their own research to come to informed conclusions.

For related information please see: Thailand Company Registration.

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7th June 2011

It recently came to this blogger’s attention that the value of trade between China and the Association of Southeast Asian Nations (ASEAN) is expected to increase significantly in the coming months and years. In order to provide further insight into this issue it may be best to quote directly from a recent article posted on the website English.cri.cn:

Trade value between China and ASEAN nations is expected to top 300 billion U.S. dollars this year as the Free Trade Area (FTA) continues to offer boosts, said Xu Ningning, the executive secretary general of China-ASEAN Business Council. The FTA, which started operation since the beginning of last year, has boosted economic exchanges between China and the ASEAN (Association of Southeast Asian Nations) member states, Xu said Sunday at a forum in Kunming, capital of Yunnan Province. The estimated amount will be higher than the 292.8 billion U.S. dollars registered between the two sides in 2010, up 37.5 percent from a year earlier. Customs data showed that in the first four months of this year, trade value between China and ASEAN nations rose 26.5 percent year-on-year to 110.2 billion U.S. dollars…

The administration of this web log strongly encourages readers to click upon the relevant hyperlinks noted above to learn more.

The ASEAN community includes the following jurisdictions: Brunei, Indonesia, Malaysia, Philippines, Singapore, the Kingdom of Thailand, Vietnam, Laos, and the Kingdom of Cambodia. Many feel that these jurisdictions have a great deal of potential for economic growth in the future. Meanwhile, as can be gathered from the quotation above, China remains a vibrant economic actor which has been engaging the ASEAN economies. In previous postings on this blog it was noted that the United States of America and China are committed to cooperation in ASEAN engagement. Concurrently, China appears poised to create a rail link between Thailand and Greater China while a billion dollar Chinese trade complex is to be erected in Bangkok. In that vein, the Prime Minister of Malaysia was recently noted for discussing ASEAN relations with both China and India. To quote directly from the official website of Business Standard, Business-Standard.com:

After a speech calling for the establishment of a new multilateralism where nations, especially Asia, would not have to take sides between the United States and China, Malaysian Prime Minister Najib Razak has said the 10-member Association of Southeast Asian Nations (Asean) would not need to choose between India and China. “Asean is located between two great civilisations, China and India. Both these countries, as part of the Asean architecture, the Asean +3 and the East Asia Summit, are quite happy to accept Asean as the centrality in the whole process,” Najib said in reply to a question at the opening of the International Institute for Strategic Studies Asian Security Summit: The Shangri La Dialogue. “Both these two countries want to engage constructively with Asean and (are) looking at ways and means of increasing their trade, investment and other forms of exchanges with the Asean countries. In short, I am quite optimistic we can develop a meaningful and constructive relationship with India and China,” he added…

In a geopolitical sense, the Association of Southeast Asian Nations (ASEAN) is positioned so as to enjoy trade benefits with both India and China, two of the world’s economies which are expected to show tremendous economic growth in the coming days, months, and years. This observation is made at a time when an inauguration of the Cambodian Securities Exchange is expected. To quote directly from the official website of Xinhua, Xinhuanet.com:

PHNOM PENH, May 30 (Xinhua) — Cambodia is scheduled to inaugurate the long-awaited Cambodia Securities Exchange (CSX) on July 11, according to the statement of the finance ministry released to the media on Monday. And the first securities trading will begin towards the end of 2011, added the statement dated on May 26…

The administration of this web log strongly encourages readers to click upon the hyperlinks above to read this article in detail. This blogger must point out that, although noted in the aforementioned article, it would seem that actual trading on the Cambodian Stock Exchange is apparently not expected to commence upon the exchange’s inauguration. To further elucidate this point it may be best  to quote directly from the official website of the Reuters News Service, Reuters.com:

May 30 (Reuters) – Trading on Cambodia’s long-awaited stock exchange, which was scheduled to start in July, has been delayed yet again until the end of the year because companies planning listings need more time to comply with regulations, operators said on Monday. Ek Sonn Chan, director general of state-owned Phnom Penh Water Supply Authority (PPWSA), said there were many details still to be ironed out but his company was going ahead with plans for a $20 million flotation…

The administration of this web log asks readers to click upon the hyperlinks above to read this story in further detail as it may provide further perspective upon these developments.

Clearly, there appear to be some bumps in the road toward getting this exchange operational. As with many things in Southeast Asia, it often takes a significant amount of time to undertake a substantial project such as the opening of a stock exchange. Interested parties are encouraged to conduct research into this issue until such time as the exchange’s trading operation is confirmed.

For related information please see: Legal.

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4th June 2011

I have sworn on the altar of God eternal hostility against every form of tyranny over the mind of man.

–Thomas Jefferson (3rd President of the United States of America, First Secretary of State [Washington Administration])

Gay rights are human rights.

– Secretary of State Hillary Rodham Clinton (Former First Lady of the United States)

The enumeration in the Constitution of certain rights shall not be construed to deny or disparage others retained by the people.

– 9th Amendment of the United States Constitution, quoted from Wikipedia

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

– 10 Amendment of the United States Constitution, quoted from Wikipedia

It recently came to this blogger’s attention that the Federal Reserve Bank of Richmond located in the sovereign Commonwealth of Virginia has taken political criticism for flying a rainbow flag (traditionally viewed as a flag denoting support for the LGBT community and, for some, their struggle for equal protection under United States law and/or equal recognition of same sex marriage solemnized and/or legalized in one of the sovereign American States, the District of Columbia, or the Federal territories, if applicable). To quote directly from an article by Olympia Meola posted on the official website of the Richmond Times-Dispatch, TimesDispatch.com:

Del. Robert G. Marshall, R-Prince William, is asking the Richmond Federal Reserve Bank to remove the rainbow flag flying below the American flag outside of the building, calling its presence “a serious deficiency of judgment by your organization, one not limited to social issues.” In a letter to Richmond Fed President Jeffrey M. Lacker, Marshall says the homosexual behavior “celebrated” by the bank “undermines the American economy…”

The administration of this web log strongly encourages readers to click upon the relevant hyperlinks noted above to read this story in detail in order to gain further insight into this developing situation.

This blogger must pause this analysis for a moment of personal observation. It is intriguing that Delegate Marshall would seem to be trying to scapegoat some of the blame for recent economic events upon the LGBT, Lesbian, Gay, Bisexual, and Transgender (transsexual, or “third sex“), community. This blogger must retort: how could the LGBT community “undermine” America’s economy? Explain this? Especially since a great deal of economic activity that produces revenue in America comes from married couples trying to make a living, build a home, and start a family. Is it in dispute that marriage and family generate economic benefits for America? If it is not, then the only way the LGBT community could be at fault for some hypothetical economic downturn would seem to arise from the fact that they have not started families (and therefore not generated the concomitant economic activity derived therefrom) due to the fact that they cannot gain the same legal recognition of their relationships in the same way that those in different-sex relationships are able to. This is especially true in the context of same sex bi-national couples as some of these relationships are separated by thousands of miles and jurisdictional boundaries due to the fact that federal enforcement of the so-called “Defense of Marriage Act” (DOMA) does not allow a same sex bi-national couple to petition for the same US visa benefits (such as the CR1 visa or the IR1 Visa, not to mention the K1 visa which is a US fiance visa) in the same manner as a different sex couple. There are currently American federal legislators such as Representative Mike Honda and Representative Jerrold Nadler who have introduced legislation, such as the Reuniting Families Act, the Uniting American Families Act, and the Respect for Marriage Act; which would, to one degree or another, at least end the current discrimination that the bi-national LGBT community faces when trying to reunite with family in the United States of America. Apparently this Federal Reserve Bank was flying this flag pursuant to a request from another organization which appears dedicated to the cause of LGBT equality:

The flag is being flown at the request of PRISM, a Richmond Fed group representing gay, lesbian, bisexual and transgender employees and allies.

This PRISM organization should be commended for their efforts on behalf of the LGBT community, but this blogger must say that he would like to see legislation passed which provides tangible benefits to the LGBT community rather than a gesture from a private corporation which, at least ostensibly, has no role in deciding American policy toward legal recognition of LGBT relationships. Others echoed some of these sentiments, but for what are, in this blogger’s personal opinion, the wrong reasons:

Its presence also prompted mention from Victoria Cobb, president of The Family Foundation in an email release on Wednesday. Although the Federal Reserve is a private entity, it is disappointing to see it participate in this celebration,” she said.

This blogger is always a bit skeptical when a group uses the term “family” when describing themselves as it is usually an indicator that such an organization has its own idea about what the definition of “family” actually is. Concurrently, such organizations are sometimes known to attempt to foist their own paradigm or definition of family upon others who may not necessarily share the same view. Therefore, readers are asked to always conduct their own research on all aspects of such issues in order to form their own well informed opinions.

This blogger must confess that this recent display of support for LGBT equality by the Fed seems a bit disingenuous considering the timing and circumstances. It has recently been reported on some mainstream and alternative media outlets that there are currently worries growing about the state of the American economy. Meanwhile it recently came to this blogger’s attention that the government of China is reported to have diminished their position in United States Treasuries. To quote directly from an article written by Terence P. Jeffrey and posted to the website CNSNews.com:

(CNSNews.com) – China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury. Treasury bills are securities that mature in one year or less that are sold by the U.S. Treasury Department to fund the nation’s debt. Mainland Chinese holdings of U.S. Treasury bills are reported in column 9 of the Treasury report linked here

Readers are strongly encouraged to click upon the relevant hyperlinks noted above to read this article in full and learn more. This situation is only brought up in the context of this posting to elucidate the fact that the Fed is currently in something of a “pickle”. This news comes upon the heels of recent announcements (noted in a previous posting on this blog) that the USA and China are set to be engaging in cooperative efforts in the context of relations with the Association of Southeast Asian Nations (ASEAN). Clearly, current American relations with China and countries in Southeast Asia are multi-facted and complex so those interested in such topics are encouraged to conduct thorough research before forming opinions on issues associated with American, Chinese, and ASEAN economic policies and relations.

It was recently reported on the website Law.com that the Federal Reserve has come under intense scrutiny from legislators such as Representative Ron Paul for current policies supposedly being maintained by the Fed. To quote directly from an insightful article written by Shannon Green and posted on the website Law.com:

The Congressman criticized the Fed for its reluctance to disclose to the public when banks are unhealthy. Paul said the Fed’s practices of protecting banks’ privacy appears to be at odds with the U.S. Securities and Exchange Commission, which is pushing companies to reveal more information.

Readers are strongly encouraged to click upon the relevant hyperlinks noted above to read this article in full to gain more context.

Whether one agrees or disagrees with positions held by the various members of House of Representatives is not really relevant to the issue of the Fed’s decision to hoist this particular flag at this particular time. Although it is certainly a commendable gesture, this blogger’s response, with all due respect, must be: why so late, and why now? If the Fed is raising the Rainbow flag because they genuinely support LGBT Equality, then great; but if this institution is simply raising this flag because of political expediency or to score some sort of “political points”, then one must ask: why? Hopefully the LGBT community will see their equal rights fully vested soon and this valid grievance will be redressed. In the meantime, this blogger hopes that the American economy will rebound from any relative downturn to find itself more vibrant and dynamic than ever, but some developments take time. For those personally impacted by the current state of affairs: it is hoped that change will come sooner rather than later.

Readers should note that in the context of same sex marriage this blogger feels that fundamentally the issue of LGBT equality is an individual rights issue as the right to enter into a consensual relationship with whomever one wishes is an inalienable natural right reserved to the People notwithstanding the Constitution, but nevertheless enshrined within the provisions of the 9th and 10th Amendments noted above. The implied right of “free association” has also long been held to provide Constitutional protection for Americans wishing to form intimate associations with others. Concurrently, this blogger feels that where sovereign States have heeded the call of their citizenry to provide government licensure of same sex marriages or marital unions, then that licensure acts as an imprimatur of sovereign recognition which, in this blogger’s opinion, cannot be negated by the federal government and must be accorded Full Faith and Credit by sister States within the Union. Those unfamiliar with the Full Faith and Credit Clause should note that Congress can make rules regarding the effect of State law upon other States, but, in this blogger’s opinion, such law cannot be made to render the States’ laws ineffective, which is the current result of the federal government’s application of some, or all, depending upon circumstance; of the provisions of the so-called “Defense of Marriage Act“. This blogger must point out that although same sex couples ought to be able to get Full Faith and Credit for those marriages solemnized and/or legalized in one of the sovereign States of the United States of America, they may not necessarily see States which do not permit same sex marriage in an intrastate context engaging in the legal procedure of divorcing same sex couples as this blogger believes that one must utilize a “horizontal vs. vertical” analysis of the Full Faith and Credit Clause in the context of same sex marriage since there is both an intrastate and interstate component to such an analysis. Such an analysis could, at times, result in a situation where a State Court permits recognition of the fact that a same sex marriage exists in another State jurisdiction, but the Full Faith and Credit Clause’s provisions may not necessarily be interpreted to mean that States should be compelled to grant same sex divorces if the public policy of the State in question does not permit State sanctioned legalization or solemnization of such unions in the first place.

On a side note, this blogger just thought of an interesting hypothetical: could a federal Court with concurrent federal jurisdiction over State territory grant divorces for same sex couples who were married in another State jurisdiction (which allows same sex marriage) if the underlying State’s public policy runs counter to the notion of granting recognition for such unions? It would currently seem that pursuant to the Erie Doctrine the US Courts under such circumstances may be prohibited from undertaking certain functions pertaining to same sex marriages if the underlying State’s law does not recognize such unions. That stated, as of the time of this writing any such analysis remains mere speculation as a broadly binding legal opinion on these issue has yet to be handed down.

Readers interested in learning more about the struggle for LGBT Equality are encouraged to check out UnitingAmericanFamilies.Net, Lez Get Real, and/or the Immigration Equality Action Fund Blog.

For further related information please see: Rainbow Flag or US Company Registration.

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30th May 2011

It recently came to this blogger’s attention that an increase in Asian consumerism may have a possible impact upon the global economy overall. To quote directly from a recent article written by Gregory White and posted on the website of Business Insider, BusinessInsider.com:

Yesterday, we told you about the Soc Gen research note “The China Domino has Fallen!” and its alarming conclusion that the world needs to expect significantly more inflation in the near term. Included in that report is a rather complex, but explanative chart, on just why this is happening. It displays the global supply and demand curve. While there are a great deal of variables at work here, the key, according to Soc Gen’s latest, is the expected surge in Asian consumers from China’s rebalancing…

The administration of this web log strongly encourages readers to click on the hyperlinks noted above to learn more.

It stands to reason that as an economy as substantial as that of China makes its presence increasingly felt in the world economy the other players in the world economy will feel the ramifications of economic activity occurring in China and the surrounding region. To a lesser degree, the same might also be said for economic activity occurring in the Association of Southeast Asian Nations (ASEAN) as such activity can have ramifications for economic actors in other parts of the world. That stated, it seems unlikely that ASEAN‘s economic impact upon the global economy of the future will be as significant as that of China since China’s economy is more cohesive and streamlined compared to the more loosely arranged economies of ASEAN.

In other news pertaining to China it recently came to this blogger’s attention that the Chinese island of Taiwan may soon be the site of robotic immigration checkpoints at some point in the future. To quote directly from an article written by Loa lok-sin posted on the official website of the Taipei Times, TaipeiTimes.com:

In a few years, visitors could pass through unmanned immigration booths following instructions given by smiling robots when they step off the plane at Taiwan’s international airports, National Immigration Agency (NIA) -Director–General Hsieh Li-kung (謝立功) said yesterday. The first unmanned immigration inspection booths were installed on Tuesday at Shueitou Pier (水頭碼頭) in Kinmen County, from which ferries depart to Xiamen, China. “At this point, automatic immigration inspection booths have been installed only at Shueitou Pier, and are open only to [Republic of China (ROC)] nationals,” Hsieh told the Taipei Times during a telephone interview. “We plan to install the system at Taiwan Taoyuan International Airport next month — but only for [ROC] nationals as well.”

The administration of this blog encourages readers to click upon the hyperlinks noted above to learn more.

Clearly, the conditions of international travel are likely to change in the future as technological improvements continue to present themselves. However the idea of passing through a robotic immigration and/or customs checkpoint still seems somewhat alien, at least to this blogger. One wonders if such technological innovation will soon change the face of ports of entry to the United States or if robots of the United States Customs and Border Protection Service (USCBP) will one day usher in American Citizens upon their return to the United States of America. Such developments remain to be seen as of the time of this writing.

For related information please see: Legal.

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29th May 2011

It recently came to this blogger’s attention that there may be some geopolitical tensions arising in Asia in connection to issues associated with the use of water. To quote directly from a very insightful article apparently written by Santha Oorjitham of the New Straits Times and posted by chellaney on the blog Stagecraft and Statecraft:

[T]he lower Mekong states of Thailand, Cambodia, Laos, and Vietnam have a water treaty. India has water-sharing treaties with both the countries located downstream — Bangladesh and Pakistan. There are also water treaties between India and its two small upstream neighbours, Nepal and Bhutan. But China, the dominant riparian power of Asia, refuses to enter into water-sharing arrangements with any of its neighbours. Yet China enjoys an unrivalled global status as the source of trans-boundary river flows to the largest number of countries, ranging from Vietnam and Afghanistan to Russia and Kazakhstan…

The administration of this web log strongly encourages readers to click upon the relevant hyperlinks above in order to read more from this fascinating article. For readers who are unfamiliar with matters pertaining to Asia, particularly Southern Asia or Southeast Asia, it should be noted that water issues can be extremely important for Asian political actors and policy makers. Issues associated with water can have ramifications upon the economies, political institutions, and business environments in Asia and around the globe. As regional associations such as the Association of Southeast Asian Nations (ASEAN) and nations such as India and China begin to become increasingly important players on the international stage it stands to reason that water issues pertaining to Asia will be considered increasingly important by those seeking news and information about the area.

Meanwhile it also recently came to this blogger’s attention that the United States Citizenship and Immigration Service (USCIS) is taking measures in an effort to transform that agency into a more electronic environment compared to the current primarily paper-based environment in which it now apparently finds itself. To quote directly from a USCIS Executive summary as posted upon the website ILW.com:

U.S. Citizenship and Immigration Services (USCIS or Agency) is undertaking an agency-wide effort to move immigration services from a paper-based model to an electronic environment. This effort is known as USCIS Transformation. Transformation will deliver a simplified, Web-based system for benefit seekers to submit and track their applications. The new system is account-centric and will provide customers with improved service. It will also enhance USCIS’s ability to process cases with greater precision, security, and timeliness. In March 2011, the Office of Transformation Coordination and the Office of Public Engagement hosted a series of listening sessions and webinars with participants representing customers, attorneys and community-based organizations (CBOs). The purpose of these listening sessions was to inform USCIS about the benefits and challenges of moving to an electronic environment…

Those interested in learning further about this transformation from the USCIS Executive Summary are well advised to click upon the relevant hyperlinks above to find out more.

This blogger is personally pleased to see the United States Citizenship and Immigration Service (USCIS), an agency under the jurisdiction of the Department of Homeland Security, taking measures to create a more efficient system for adjudication of immigration and visa related petitions or applications. Frequent readers of this blog may have taken note of the fact that USCIS is the initial adjudicator of petitions for the K-1 visa (US fiance visa) as well as the CR-1 visa (US Marriage Visa) and the IR-1 visa. Hopefully, USCIS’s transformation will result in more streamlined processing of the aforementioned petitions.

For related information please see: US-Thai Treaty of Amity or Consular Processing

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28th May 2011

It recently came to this blogger’s attention that there appears to be some further international competition occurring within discussions in the context of the recently vacated IMF Managing Directorship. To quote directly from a very insightful article appearing on the website rediff.com:

The scramble for International Monetary Fund managing director’s chair has escalated into a war of sorts with developing nations calling for a change in the power equation. Most of the developing nations seek an end to European dominance over the IMF’s top job. Prime Minister Manmohan Singh on Wednesday said the developing countries should be together in the attempt to reform the global financial institutions.

The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to read this story in full in order to gain further insight into the developing nature of this situation.

It is interesting to note that this posting brings up the apparently increasing international intrigue which seems to exist as the jockeying for the position of IMF Managing Director appears to continue unabated. The aforementioned post was recently vacated upon the arrest of former Managing Director Dominique Strauss-Kahn in New York City. Mr. Kahn has yet to be proven guilty of a crime to the best of this blogger’s knowledge and therefore remains innocent until proven guilty pursuant to United States law. Relevant to that news the Secretary-General of the Association of Southeast Asian Nations (ASEAN) raised the issue of broader international representation within the IMF in favor of developing nations with specific emphasis upon an Asian context. This announcement occurred virtually simultaneously (in a relative context) with a joint statement from the so-called BRICS nations. To quote further from Rediff.com:

Although some European nations have declared their support for French Finance Minister Christine Lagarde, the BRICS nations — Brazil, Russia, India, China and South Africa — have issued a joint statement in Washington questioning the methodology of selection of IMF chief on the basis of nationality.

Although the BRICS have something relevant to say on that issue, certainly as relevant as the opinions held by the member nations of ASEAN, it is interesting to note that there appears to be some speculation regarding the efforts of China to secure some sort of position for a Chinese national within the International Monetary Fund. To quote further directly from Rediff.com

BRICS said it is time to ‘abandon the obsolete unwritten convention that requires that the head of the IMF be necessarily from Europe’. Meanwhile, unconfirmed news reports said that the European Union has offered the post of the deputy managing director of the IMF to a Chinese candidate in exchange for its support to Christine Lagarde.

Again, this blogger encourages readers to click upon the relevant hyperlinks above to learn more.

This blogger was somewhat amused upon reading the paragraph noted above as the scene is placed in perspective as the angling for positions at the IMF can be seen to have the same political dynamics that may develop when seeking positions in other official capacities, in both a national and international context, as competition for such positions can be as political as the competition in the United States of America for an office in the public service at both the federal and State levels. It would seem that under the circumstances there must be someone whom all of these various factions can agree upon, but by all appearances a consensus is far from reached. An inability to find someone to fill the void could theoretically require further discussion.

In political matters of a more national complexion for American readers it recently came to this blogger’s attention that headway might be made in the struggle for equal LGBT rights. To quote directly from a very inspirational posting by the administration of the UnitingAmericanFamilies.Net website:

Immigration Equality reports that a hearing on UAFA before the Senate Judiciary Committee has been scheduled for June 3. I just have to believe that every phone call, every letter, every blog entry has got to have contributed to this. But this is just a hearing – not a vote, and then, even if it gets voted out of committee in the Senate, the same will have to happen on the House side, and then there will have to be votes by the full House and Senate (IF there are enough votes in the Senate to stop a Republican filibuster). So don’t for a second think that our work is done! Call your two senators and your one Congressperson. Tell your story…

The administration of this blog strongly recommends that readers check out the hyperlinks noted above as well as the overall website as it has a great deal of very pertinent information regarding the Uniting American Families Act, previously introduced into the United States House of Representatives by Representative Jerrold Nadler. There is an especially intriguing article regarding the difference between passage of the Uniting American Families Act (UAFA) and the repeal or overturning of the so-called “Defense of Marriage Act” (DOMA), which this blogger finds repugnant to the Constitution on the grounds that it unnecessarily usurps the Several States’ sovereign power to license marriage within their jurisdiction, but it would appear that some feel the more modest measure of UAFA enactment would be a more effective remedy for this particular discrimination suffered by the American LGBT community, in both a bi-national and national context, at the hands of an overreaching federal government in a pique over the fact that they are not legally entitled to dictate to the several States what shall constitute a valid marriage. Six States, notwithstanding the District of Columbia, have already permitted such unions which in this blogger’s humble opinion, should be accorded Full Faith and Credit pursuant to the Full Faith and Credit Clause of the United States Constitution.

Bearing all of the above in mind, those interested in seeing the Uniting American Families Act, or any act like it; become law, are well advised to contact relevant federal representatives as any equitable relief to same sex bi-national couples currently separated by legislation such as DOMA would be better than the current legal situation in which they are now placed. Due to the currently applicable provisions of the so-called “Defense of Marriage Act” same sex bi-national married couples (even those who have a had a marriage solemnized and/or legalized by a sovereign American State) are not permitted to apply for the same United States immigration benefits as their different-sex counterparts. Passage and ultimate enactment of UAFA would at least permit same sex bi-national couples to petition and apply for substantially the same immigration benefits routinely accorded to different-sex couples.

For related information please see: Legal.

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5th May 2011

It recently came to this blogger’s attention that an official within China’s foreign exchange authority was noted for comments made regarding the currencies of the so-called BRICS countries (Brazil, Russia, India, China, and South Africa) and their future relationship to the so-called SDR or Special Drawing Right.  To quote directly from the Reuters Africa section of the official website of the Reuters news service, Reuters.com:

SHANGHAI May 5 (Reuters) – The IMF should consider including currencies of the BRICS countries and other emerging economies when it next reviews its Special Drawing Right (SDR) system by 2015, the head of China’s foreign exchange authority said in remarks published on Thursday.

Yi Gang, who is also a deputy governor of the People’s Bank of China (PBOC), called on the International Monetary Fund to kick off a research of a “shadow SDR” this year, the semi-official China Business News reported.

The administration of this blog strongly encourages readers to click upon the hyperlinks above to read this story in detail as doing so would likely add perspective on an insightful article.

Clearly issues related to the relationship of currencies of developing countries, rising economies, and those of developed countries are being considered of increasing importance to policymakers the world over. This is especially true in the context of East Asia while Southeast Asian nations seem to have different issues to ponder regarding currency.  As the constituent economies and jurisdictions comprising the Association of Southeast Asian Nations (ASEAN) continue to thrive economically, the question of a single currency seems to persistently manifest itself at the foreground of analysis pertaining to the long term outlook for the ASEAN region. To quote directly from the website of The Jakarta Post, TheJakartaPost.com:

Indonesia and its neighbors in the ASEAN region have been weighing the possibility of having a single currency such as the euro for years.

Some ASEAN representatives and economic ministers believed that the implementation of a single currency in ASEAN could take the economic community in the region to the next level, as it would enhance economic development in the area and forge stronger ties among ASEAN countries.

But currently, Europe’s crisis is a lesson to learn for Indonesia and ASEAN on the risks and to realize that the potential economic losses if the single currency policy fails is indeed massive.

The administration again encourages readers to click on the hyperlinks above to read this intriguing story in detail.

It would appear as though recent developments in Europe have been a cause of concern for those analyzing the issues associated with a single ASEAN currency, as they probably should be since the decision to implement a single currency for multiple jurisdictions is a serious undertaking that would likely require a great deal of logistical as well as financial investment. While exploring The Jakarta Post website this blogger also came upon an interesting letter posted on that site. To quote directly from the posting Letter: On ASEAN Currency at TheJakartaPost.com:

I hardly see a future for a single ASEAN currency. What is lacking in ASEAN is unity. ASEAN is mainly focused on an economic agenda while the European Union (EU) has adopted extensive and expensive integration programs not only on an economic scale but also on a social, cultural and demographic platform.

Again, readers are strongly encouraged to click upon the hyperlink above to read this letter in detail. Some could argue that one of the strengths of the ASEAN community in her current form arises from the fact that there is not a single currency since some could argue that it would be extremely difficult to integrate the, sometimes radically, different economies of the ASEAN region via currency unification. Therefore, this reasoning posits, the creation of a relatively unified market platform in combination with multiple currencies operates as a sort of “best of both worlds” scenario under the current prevailing circumstances. That stated, anything further than simple analysis of the current factual circumstances pertaining to this issue would arguably be an exercise in mere speculation.

It is this blogger’s personal opinion that the issues above are likely to be debated for some time to come while it is hoped that business in China, business in ASEAN, business in Thailand, and business in the United States of America will continue to show growth in coming years.

For related information please see: US Company Registration or Thailand Company Registration.

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30th April 2011

Over the years this blogger has seen large numbers of tourists flock to the Kingdom of Thailand as well as the neighboring nations of Laos, the Union of Myanmar (referred to by some as Burma), Malaysia, and the Kingdom of Cambodia. At the same time, this blogger has also witnessed the metamorphosis of some of these tourists into entrepreneurs by remaining in some of these countries (as well as other jurisdictions in Greater Asia such as Indonesia, Vietnam, China, Taiwan, Singapore, Hong Kong, South Korea, Nepal, Macau, India, and Sri Lanka; to name only a few) in a business context for many years and; for some, even decades or a whole lifetime. Whatever the circumstances of those Americans Resident Abroad remaining in the region of economies increasingly being labeled by both the mainstream and alternative media outlets by their affiliation with the Association of Southeast Asian Nations (ASEAN) one thing is clear: the economies of Asia are set to expand at an incredible rate by relative historical comparison. Therefore, it stands to reason that there are likely to be more Americans doing business in these jurisdictions. This state of affairs is occurring at a time when the potential of the internet and the World Wide Web first noted little more than a decade ago is beginning to become fully realized by businesses large and small. As e-commerce becomes an evermore ubiquitous facet of virtually every enterprise’s business strategy it is becoming more clear that many business functions are increasingly being performed by businesses of all sizes online and, in some cases, these businesses are even being maintained from an entrepreneur’s home.

This phenomenon is interesting for this blogger to note from the perspective of an American who is resident in Bangkok, Thailand as the Thai shop-house business model of maintaining a residence and business premises within close proximity has lead to a thriving small business community in the vast metropolis that is Greater Bangkok. This thriving business community, coupled with many of the other positive factors associated with doing business in Thailand, has lead to a vibrant economy that remains conducive to further foreign investment by entrepreneurs and businesses seeking to derive economic benefits both in Thailand and throughout the Asian markets. Of possible importance to Americans resident abroad or those thinking of residing abroad are the issues noted above as well as those associated with ownership of Thai property or Thai real estate especially in the form of a Thai Condominium.

In Thailand, as well as throughout many jurisdictions in Asia, there are restrictions placed upon foreign ownership of real estate. Although there are provisions allowing for foreign ownership of Thai property in many cases it is difficult, if not impossible, for a foreign national to secure freehold title (referred to as Chanote title in Thailand) in Thai real property such as land. However, it may be possible for a foreign national in Thailand, such as an American Citizen, to conveniently secure freehold title to a Thai Condo if the provisions of various laws and regulations on this issue, such as the Thai Condominium Act, are adhered to. Meanwhile, a foreign national who owns a Condo in Thailand may be qualified to receive a Foreign House Registration Booklet (referred to as a Tabien Baan for Thais or a Foreign Tabien Baan, or Yellow Tabien Baan for foreign nationals). Taking the aforementioned factors into consideration, in conjunction with the fact that for American Citizens and American Companies in Thailand there may be benefits pursuant to the provisions of various legal instruments such as the US-Thai Treaty of Amity which may provide the privilege of virtually 100% ownership of a Company in Thailand with “National Treatment” for certain business undertakings, one is left with little doubt that there are tangible legal benefits which could be accrued to the favor of Americans resident in Thailand conducting business in the ASEAN region as well as the regions of Greater Asia. Therefore,  investing in what this blogger would refer to as a “Thai Pad” (which non-literally alludes to the IPad-like gadgets allowing for increasingly easy real time access to the internet as well as the exponentially beneficial combination of privileges accruing to owners of Thai property registered on a Yellow Tabien Baan in conjunction with the advantages which may be had for Americans resident abroad utilizing a Thai company certified under the US-Thai Amity Treaty) could prove to have been prudent by future analysts in both tangible as well as intangible terms.

For related information please see: US Company Registration.

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