Integrity Legal

It recently came to this blogger’s attention that the head of the International Monetary Fund has been arrested in the American city of New York. To quote directly from the official website of the New York Post, nypost.com:

The French political bigshot who heads the International Monetary Fund was arrested for allegedly sodomizing a Manhattan hotel maid yesterday — hauled off an Air France flight just moments before takeoff from Kennedy Airport, police sources said. Three Port Authority detectives pulled Dominique Strauss-Kahn from the plane’s first-class cabin just two minutes before it was due to depart for Paris, according to the police sources…

Hyperbole aside, this is a truly interesting case as it would appear that the charges are indeed quite grave at least according to this report which continues:

Strauss-Kahn is awaiting arraignment on charges of a criminal sex act, attempted rape and unlawful imprisonment, NYPD spokesman Paul Browne said. The trouble began at around 1 p.m. yesterday when a 32-year-old housekeeper entered Strauss-Kahn’s $3,000-a-night suite at the luxury Sofitel on West 44th Street — apparently unaware he was still inside…

The administration of this web log asks readers to click upon the hyperlinks noted above to learn more on what appears to be a quickly unfolding story. To gain further perspective further research may be required. Those reading this blog are asked to remember that in the United States a prospective defendant is viewed in the eyes of the law as innocent until proven guilty.

Meanwhile, this news comes at a time when the Southeast Asian Nation of Singapore sees the resignation of a much respected Minister. To quote directly from the official website of the BBC:

Singapore founding father Lee Kuan Yew has resigned from the country’s cabinet, ceding leadership to his son, Prime Minister Lee Hsien Loong. The move comes after their party’s worst election result since 1965. Lee Kuan Yew and fellow former prime minister Goh Chok Tong said in a joint resignation statement that the “time has come for a younger generation”. The 87-year old Mr Lee was prime minister from 1959 to 1990, after which Mr Goh took over until 2004…

The administration of this web log strongly encourages readers to click on the hyperlinks noted above to learn more about this situation. Although Lee Kuan Yew is stepping down at a time when his party is facing a slump he is also able to look back at a career of achievement with respect to Singapore’s economic position relative to the rest of the world. It can certainly be said that, in many ways, he is leaving the country in a better economic position relative to the position it was in when he took office.

As events which impact an international institution such as the International Monetary Fund can have a collateral impact upon nations comprising the Association of Southeast Asian Nations (ASEAN) and while Singapore’s political complexion can have an effect upon politics in the region of Southeast Asia it stands to reason that both of these events occurring virtually simultaneously will have a substantial “ripple effect” across the economies of the jurisdictions which make up ASEAN.

Readers of this blog are encouraged to keep abreast of these developments, especially those Americans Resident Abroad as these events could have implications for the future of the whole continent of Asia. As an American Resident Abroad in the Kingdom of Thailand this blogger feels that it is highly likely that these recent events, no matter how they eventually play out, are likely to have critical implications for American Citizens conducting business abroad in the future.

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

Tags: ASEAN, ASEAN Business, ASEAN news, ASsociation of Southeast ASian Nations, Business News, Dominique Strauss-Kahn, Economic News, Financial News, Goh Chok Tong, International Monetary Fund, Kennedy Airport, Kingdom of Thailand, Lee Hsien Loong, Lee Kuan Yew, NYPD spokesman Paul Browne, Port Authority, Singapore, Singapore founding father, Southeast Asia News, Thailand Business
Posted in American Business, ASEAN Business, Editorial, News, Opinion, Thailand Business | No Comments »

It recently came to this blogger’s attention that the issue of inflation has been on the minds of policymakers in some of the member countries of the Association of Southeast Asian Nations (ASEAN). Officials is Laos and Cambodia were recently noted by media outlets in those jurisdictions to have commented upon this issue. To quote directly from the official website of the Vientiane Times, VientianeTimes.org.la:

The government is concerned about rising inflation in Laos, triggered by the high price of oil and food, which is expected to impact on the economy and poverty reduction efforts. Deputy Minister of Planning and Investment Dr Bounthavy Sisouphanthong said on Thursday the government is studying measures it can take to minimise the impacts on the economy and livelihoods of local people… Dr Liber warned that the government needs to respond to the situation quickly, as rising inflation will cause more serious impacts on the economy and efforts to reduce poverty levels. The government cabinet’s monthly meeting was held in Vientiane on April 25-26 and assigned the relevant sectors to study measures to minimise the impacts of rising fuel prices on the economy.

The administration of this web log asks readers to click upon the hyperlinks noted above to read further from this interesting article. Clearly, Lao officials are aware that inflation may become an acutely pressing issue at some point, but it would seem, at least for now, that measures are being considered to respond to issues pertaining to inflation in Laos.

Meanwhile, Laos is not the only ASEAN member nation whose officials are analyzing the issue of inflation. It would seem as though authorities in the Kingdom of Cambodia are also concerned about the possibility of inflation. To quote directly from the official website of the Phnom Penh Post, PhnomPenhPost.com:

Cambodia should expect price inflation of 6 percent this year, according to a United Nations report released yesterday, which government officials said was a tolerable level…Minister of Economy and Finance Deputy Secretary General Ros Seilava said at the report’s release in Phnom Penh that 6 percent inflation for 2011 was a manageable level. “A six to seven percent increase in inflation is expected this year, however to a certain level, this could be tolerated,” he said.

Again, the administration encourages readers to click upon the hyperlinks noted above to gain further perspective and insight into this issue in a Cambodian context from a well written and informative posting.

It would seem apparent that issues associated with inflation are likely to be of possible concern for those conducting business in Cambodia or business in Laos going forward. The same may also be true for those conducting business in the neighboring Kingdom of Thailand. In any case, inflation is an important economic issue that must be discussed. It is certainly a positive sign that officials in Laos and Cambodia are aware of these issues, but the ramifications of possible future inflation have yet to be fully realized. Issues associated with inflation are a cause for concern in countries such as the United States, but in the context of so-called “developing nations” this issue can be extremely important. Therefore, those interested in the issue of inflation in a Southeast Asian context may be prudent to continue following this developing story.

For related information please see: Thailand business.

Tags: ASEAN news, ASsociation of Southeast ASian Nations, Business in ASEAN, Business in Cambodia, Business in Laos, Cambodia news, Deputy Minister of Planning and Investment Dr Bounthavy Sisouphanthong, inflation, inflation in Southeast Asia, inflation news, Laos news, Minister of Economy and Finance Deputy Secretary General Ros Seilava, Phnom Penh, United Nations, Vientiane
Posted in ASEAN Business, Cambodia Business, Laos Business, News | No Comments »