Integrity Legal

Posts Tagged ‘Hungary’

5th July 2011

It recently came to this blogger’s attention that the Union of Myanmar (sometimes colloquially referred to as Burma) may soon see some new direct flights between Yangon (Rangoon) and other cities in Southern Asia, In order to provide further insight into these developments it might be prudent to quote directly from the official website of the Peoples’ Daily Online,

Myanmar Airways International (MAI) will launch a direct flight service to link Yangon with Jakarta and Bali in November this year, the local Weekly Eleven reported Monday. Aimed at boosting bilateral trade between the two countries, the planned direct flight is prompted by the Myanmar President U Thein Sein’s recent visit to Indonesia in May this year. As part of the cooperation between the two countries in the tourism sector and for both having historic cultural heritage, beautiful scenery and beaches, Thein Sein said plan is also underway to launch Yangon-Singapore-Jakarta flights which will be finalized at the second meeting of the joint commission for bilateral cooperation to be held in Myanmar at this year-end…[sic]

The administration of this web log encourages readers to click upon the relevant hyperlinks noted above to read this story in detail.

As a member of the ten member Association of Southeast Asian Nations (ASEAN) Myanmar seems to have become increasingly integrated into the broader Southeast Asian economy. This current situation stands in rather stark contrast to that nation’s position in the relatively recent past. As mundane as airline routes may seem to the casual reader at first glance it should be noted that such events can have tremendous implications for business travelers and can also result in wholly new business opportunities as it becomes increasing less difficult to travel to a particular destination. All of the ramifications of this announcement remain to be seen, but it seems likely that there will be positive economic benefits for all of the jurisdictions concerned.

Meanwhile, in news pertaining to the United States and the United Kingdom it recently came to this blogger’s attention that London is home to a new statue honoring a former President of the United States of America. In order to shed further light upon this situation it may be best to quote directly from an article written by Ravi Somaiya and posted on the official website of The New York Times,

LONDON — Passers-by at the American Embassy, in the heart of London’s upscale Mayfair district, were greeted Monday morning by the disembodied voice of Ronald Reagan drifting through the air from large speakers — a prelude to the unveiling of a $1 million bronze statue of the former president here to commemorate the 100th anniversary of his birth…The statue of a smiling Reagan, dressed in a crisp suit, was paid for by the Ronald Reagan Presidential Foundation as part of a worldwide effort to promote his legacy, according to the organization’s executive director. Similar events have been held in the last few days in Poland, the Czech Republic and Hungary…

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

It would appear that many around the globe feel as though President Reagan was deserving of an enduring tribute for his efforts to further the cause of international freedom. Hopefully the statue noted above will act as a long term reminder of the need to be ever vigilante in the struggle to maintain the principles of liberty and justice.

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26th June 2011

It would appear as though the United States and China have wound down their recent bi-lateral discussions concerning the Asia-Pacific region. To provide further insight it may be best to quote directly from the official website of Xinhua,

China and the United States rounded off their round of consultations on Asian-Pacific affairs in the U.S. state of Hawaii on Saturday, thus opening a new channel of bilateral communications on issues concerning the world’s most populous and economically dynamic region. The Hawaii consultations, part of their efforts the materialize consensus reached by the two sides upon in their latest round of strategic and economic talks this May, were initiated to promote cooperation and understanding between the world’s top two economies in the Asia-Pacific region where they both have vital interests in maintaining peace, stability and prosperity... [sic]

The administration of this web log strongly encourages readers to click upon the hyperlinks noted above to read this story in detail as it is rather insightful. In the previous posting on this web log it was noted that high ranking American diplomats had been engaged in discussions with Chinese officials. It would seem as though these discussion have been positive. It is also noteworthy that the aforementioned article also noted American engagement with the Association of Southeast Asian Nations (ASEAN), to quote further: 

Meanwhile, Washington is trying to reinforce its engagement with many organizations in the region, for instance, the Association of Southeast Asian Nations (ASEAN). U.S. President Barack Obama also declared he would attend the East Asia summit in Jakarta, capital of Indonesia late this year.

These events are certainly hopeful for the Asia-Pacific region and they appear to be transpiring virtually in tandem with a recent visit by the Chinese Premier to the United Kingdom which has apparently been followed by a trip to Europe. While on this trip, the Chinese Premier appears to have made some statements regarding China’s investments in Europe. To provide further insight into these developments it may be wise to quote directly from an article written by Malcolm Moore and posted to the official website of The Telegraph,

Yesterday, at the start of his European visit in Hungary, Mr Wen gave a strong pledge of China’s support for the embattled euro, saying that China will buy Hungarian government bonds and “consistently” support the euro as Europe attempts to fight its way out of a sovereign debt crisis. “China is a long term investor in Europe’s sovereign debt market,” he said at a press conference with the Hungarian Prime Minister, Viktor Orban. “In recent years we have increased by quite a big margin our holdings of government bonds. We will consistently continue to support Europe and the euro.”

This blogger asks readers to click upon the relevant hyperlinks noted above to find out further details.

As has been noted previously on this blog, the ascension of the Chinese economy relative to the other economies of the world is having a global impact as Chinese polices can have ramifications in both Asia and Europe, virtually simultaneously. China’s future policies and decisions remain to be seen, but one thing is clear: when China moves, the world watches.

For information regarding legal services in Southeast Asia please see: Legal.

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