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Asian Pacific Business Journal
Issue Number 0091
WWW.APBJOURNAL.COM
2015 July Issue
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The President's Speech to the Catholic Health Association on Health Care in America
Today, at the invitation of the Catholic Health Association, President Obama will address their annual conference and thank them for their dedication to helping ensure all Americans have access to health care. The President will discuss how the passage of the Affordable Care Act reflects our values and the kind of country we strive to be. He will also describe how the Affordable Care Act has become part of the fabric of an improved American health care system, one where we and our children can rely on health security throughout our lives, and make the most of our opportunities as a result. Additionally, the White House released updated data on how the Affordable Care Act is working in every state in the country. Five years after healthcare reform became a reality, more than 16 million Americans have gained coverage, and the Affordable Care Act has improved coverage for virtually everyone who already had insurance. Americans can no longer be discriminated against for having pre-
“Five years in, what we’re talking about is no longer just a law. This isn’t President Obama’s remarks will be about the Affordable Care Act. This livestreamed HERE, and excerpts of isn’t about Obamacare. This isn’t about his prepared remarks are included be- myths or rumors that won’t go away. This is reality. This is health care in low: America.”
existing conditions, women can't be charged more just for being women, and there are no longer lifetime limits on the care Americans receive. And hospitals, doctors and other providers are changing the way they operate to deliver better care at lower cost.
row.
The White House also launched a new interactive long form webpage - "Health Care in America" -- which includes an embedded letter to the President written by the late Senator Ted Kennedy as he endured brain cancer, having instructed his wife to send the letter to the President after he passed away. A lifelong champion for health reform, Senator Kennedy encouraged the President to endure the fight for health care reform and thanked him "one last time" for carrying it forward. The page also includes an interactive timeline that contextualizes a century-long fight for real health reform in America, dozens of stories of Americans whose lives have benefited from reform, and a live player that will stream the President's remarks tomor-
“The rugged individualism that defines America has always been bound by a set of shared values; an enduring sense that we are in this together. That America is not a place where we simply ignore the poor or turn away from the sick. It’s a place sustained by the idea that I am my brother’s keeper and I am my sister’s keeper. That we have an obligation to put ourselves in our neighbor’s shoes, and to see the common humanity in each other.
… “There are outcomes we can calculate – the number of newly insured families, the number of lives saved. And those numbers add up to success.
Then there are the outcomes that are harder to calculate – yes, in the tally of pain and tragedy and bankruptcies that have been averted, but also in the security of a parent who can afford to take her kid to the doctor. The dignity So after nearly a century of talk, after of a grandfather who can get the predecades of trying, after a year of sus- ventive care he needs. The freedom of tained debate, we finally made health an entrepreneur who can start a new venture. The joy of a wife who thought care reform a reality for America.” she’d never again take her husband’s hand and go for a walk in God’s cre… ation.”
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Asian Pacific Business Journal
2015 July Issue
GOP Leaders Come From Washington, D.C. to Meet With Denver Asian/Pacific Media Leaders Sunday (07/26/15) around 11:30 AM at Seoul BBQ, Jason Chung, GOP’s RNC National Communication Director, and Ninio Fetalvo, GOP’s APA Media Press Secretary, came from Washington, D.C. to Denver to speak with local Asian/Pacific media leaders. During the luncheon, both Chung and Fetalvo expressed that Colorado is one of the seven most important states in 2016 presidential election. The Republi-
can Party highly valued votes from the Asian/Pacific community. The main purpose for their trip to Denver is to get in touch with the local Asian/ Pacific community.
Ninio Fetalvo (left) and Jason Chung
Measures to consolidate and bolster economic structure At an ad hoc meeting today, the National Development Council (NDC) presented a plan to bolster the nation’s economic structure. The plan is to generate a virtuous cycle of innovation, investment and employment in order to bring about structural adjustments and enhance industries’ capability to respond to business cycles. On July 12, Premier Mao Chi-kuo instructed the NDC to formulate short-term practices and long-term “mooring” strategies for addressing issues related to improving export and revitalizing investment. The NDC plan incorporates the measures of related ministries and agencies such as the Ministry of Economic Affairs, Ministry of Finance, Ministry of Transportation and Communications, and Financial Supervisory Commission. Mao pointed out that the nation’s exports declined in the first half of this year, mainly due to the global economic revival not being as robust as earlier anticipated as well as the impact from plunges in international oil prices. However, Taiwan’s overall economic fundamentals were still steady, resulting in a net trade surplus. Nevertheless, from the medium- and long-term perspectives, the situation reflected that the nation must strive to expedite industrial upgrade, augment investment and enhance export competitiveness in order to effect economic structural transformation. In addition, the public and academic sectors have pointed out that domestic economic development has been strongly affected by noneconomic factors such as vigorous upheavals in the political and economic environments. The premier stated that industrial structural adjustments require long-term efforts to lay a solid foundation and this transformative work must be persistently carried out over time to accomplish its objectives. Therefore, this plan is designated as a mid-term review and consolidation for current existing programs, and it will focus on three aspects: upgrading industries, expanding exports and promoting investment.
In the short term, the primary focuses will be improving investment and promoting export. Incorporation of innovative measures that can be immediately implemented will set the stage for long-term industrial structural transformation and lay the foundation for new development opportunities. In the medium and long terms, the plan will help turn around the past development model of contract-manufacturing exports with low margins, and raise overall national competitiveness via the creation of new models for industries, export and investment. Major points of the plan are as follows: 1. Upgrading industries: When driven by innovation, industries would turn from competing on price to competing on value. To usher in industrial transformation and upgrade, the Executive Yuan has already been promoting such programs as ide@Taiwan 2020 and Productivity 4.0. However, due to slowing global economic growth and rising threats from mainland China’s supply chains, Taiwan must beef up its existing policies to augment the efficacy of innovation and startups, and consolidate current industrial competitiveness in order to raise businesses’ competitiveness. 2. Expanding exports: Systemic integration will be strengthened to turn from the past model based on intermediate goods to a new model of
systematization of goods and services. In order to create this new export model and transform the past model of concentrating on intermediate goods in information communications technologies, the plan will focus on promoting service industries’ development of international markets (with systemic integration and whole plant export, as well as cultural and creative industries) and introducing service personnel (such as in health care for elderly people and tourism). It will focus fully on exploring and developing emerging markets’ domestic demand and business opportunities in order to advance this new alternative model of systematization of goods and services exports along with the past export model. 3. Promoting investment: Sources of investment funds will be amplified to channel both domestic and overseas private-sector capital as well as governmental resources into industrial upgrading and export expansion. The increase of investment momentum will help revitalize the economy in the short term and drive industrial upgrade in the long term. The government will expand public investment, giving priority to budgeting funds for public construction projects that are conducive to improving the investment environment, such as waste-water processing.
2015 July Issue
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Hong Kong Lawmakers Reject Beijing’s Election Proposal By ZhengYuan Chen Recently Hong Kong lawmakers rejected Beijing’s election reform proposal for Hong Kong, which forced Hong Kong citizens to vote among a pool of Beijing-selected delegates. The Legislative Council of Hong Kong rejected the plan by a vote of 28 to 8 because this pre-selected pool by China does not allow genuine democracy. Last year this proposal sparked mass student-led protests in places such as the Central District in an effort to force the Chinese government to abide by its promise of allowing Hong Kong citizens to enjoy universal suffrage and to elect their leaders according to the articles of the Hong Kong Basic Law. This series of events can be traced back to the historical circumstances of Hong Kong. Hong Kong was ceded to Britain on a 99-year lease starting in 1898 until it was returned to the People’s Republic of China in 1997 under the Sino-British Joint Declaration. The time of separation from mainland China created drastic changes in culture and ideology. China agreed to take measures to ease the transition from a British colony to China through the drafting of the Hong Kong Basic Law and the creation of a “special administrative region”. They were given such rights as the freedom of speech and the freedom to assemble. In the 1980s China’s supreme leader Deng Xiaoping proposed the “one country, two systems” principle, which allowed Hong Kong to retain its capitalist economy and democratic political system while remaining as part of China. During the colonial era of Hong Kong, there was a British-appointed Governor of Hong Kong, but China agreed to give uni-
versal suffrage to Hong Kong citizens during its negotiations with Britain. This principle of universal suffrage was implemented in Article 45 of the Hong Kong Basic Law as the ultimate goal after “gradual and orderly steps through a nominating commitee using democratic procedures”. The acceptance of this principle of universal suffrage may seem to contradict with the current Communist political stance of the Chinese government, but this principle was agreed upon by China because Hong Kong’s current capitalist system is very beneficial to the economy of China. This economic powerhouse is an inconvenience for the Chinese government because Hong Kong has to remain free contrary to the ideological standpoint of the Chinese Communist Party. These historical circumstances set the stage for this controversy over universal suffrage. Most Hong Kong citizens believe that this reform package created by the People’s Republic of China is a violation of the true principles of democracy to which they are entitled according to the Hong Kong Basic
Law. The rejection of Beijing’s election reform proposal is a risky approach because the Chinese government has made a statement through its news agency that they have no intention of allowing more generous terms. The rejection of Beijing’s election reform proposal may end up inhibiting any further improvements on the suffrage of Hong Kong citizens. Although the Chinese government has not offered any hint of concession, the Chinese government may be forced to take action because this situation has invoked more enmity for the Chinese government, especially among the younger generations of Hong Kong citizens. This controversy has also created some tension between China and the United States because the Chinese government has placed blame on the United States for trying to undermine the Chinese government through Washington’s endorsement of Hong Kong’s student protests. It is my sincere hope that China will abide by Deng Xiaoping’s commitment to the “one country, two systems” principle to allow Hong Kong to move toward genuine democracy.
Student Protests in Hong Kong
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Asian PaciямБc Business Journal
2015 July Issue
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Asian Pacific Business Journal
2015 July Issue
The 3D Terracotta Warriors Show ers and director before the show. Post-performance backstage visit available upon request. Our guests can get a historic explanation of what "First in the Word 3D theater" means for these historic performances. 4) Participants would get advertising coverage by being included in all materials for marketing and media and print, acknowledged as a "Opening Benefit Sponsor" of the show. Please supply your logo as soon as possible.
The 3D Terracotta Warriors Show will be running from Aug 11th to Sep 5th at DU Newman Center (2344 E Iliff Ave, Denver, CO 80208). The sponsorship group Colorado Chinese News & Asian Pacific Business Journal price is $79, we are blocking out 100 the best seats in the house for our group. Add-on services (there are two dinner halls at the Newman Center) : •Add $20 each person, includes dinner, 3D stage explanations, social time/taking pictures with the performers, and after show back stage visit. •, includes finger food, 3D stage explanations, social time/taking pictures with the performers, and after show back stage visit. Note: The food price of $20, is ONLY if Uncle Joe's is catering. All participants can choose other caterers, but we will have to get their price and quote them. Advantages of joining in Terracotta Warriors 3D "Opening
Benefit Sponsorship" Package -- Only $79 1) Get 160 "Best Seats in the House" blocked out at the beginning before any purchases for your group or organization. So all your guests get the best seat and the whole group sit together --- great time for networking. 2) Get the best pricing ever by paying only $79 (all inclusive) -- no tax or ticketing service fees added. 3) Get "priceless" opportunity to interact with artists and produc-
The schedule details as below: • Saturday (August 15th) o Dinner starts @6:00pm o Evening show start @ 8:00pm Ticket sales : VIP (dinner not included):$79 VIP (dinner included):$99 Please call Colorado Chinese News Phone number :303-722-8268 Address :1548 W Alameda Ave, Ste. A, Denver, Colorado 80223 E-mail: editor@cocnews.com
2015 July Issue
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Taiwan's electronic toll collection system nominated for award Taipei, July 24 (CNA) Taiwan's electronic toll collection (ETC) system developed by Taipei-based Far Eastern Electronic Toll Collection Co. (FETC) has been nominated for a 2015 R&D 100 Award, the company announced Friday. The ETC will compete with more than 300 other nominees for the awards, which are dubbed the "Oscars of Innovation," FETC said, adding that representatives of the company will attend the awards presentation ceremony slated for Nov. 11 to 13 in Las Vegas, United States. The R&D 100 Awards have identified the top technology products and innovations of the year since 1963. Past winners have included the fax machine (1975), LED monitors (1980), Kodak Photo CD (1991), Nicoderm smoking cessation patches (1992), anti-cancer chemotherapy drug Taxol (1993), laboratory silicon chips (1996), and high-definition television (1998). Taiwan became the first country in the world to collect all freeway tolls electronically because of the ETC system, said the company, which won the concession to operate the ETC system in a controversial tender that was decided in early 2004. The ETC system formally began operations in 2006 Instead of paying fees at toll booths, motorists are and was optional until the end of 2013, with special now charged fees by the ETC system, which automatically deducts freeway tolls via electronic scanETC booths set up alongside regular toll booths. ners mounted over freeways. Since all tolls began to be collected electronically at the end of 2013, the system's usage rate has reached Tolls are calculated according to the distance traveled over 96 percent, according to the Taiwan Area Na- by motorists rather than based on a fixed rate. All of the equipment and systems were locally designed and tional Freeway Bureau. developed, FETC said.
The system collects an average of 14 million tolls per day, and the toll deduction system has an accuracy of 99.8 percent, the company said. (By Wang Shu-fen and Elizabeth Hsu)
Perseid meteor shower to light up sky in August Taipei, July 29 (CNA) Star-gazers are welcome to attend an event to observe the Perseid meteor shower from Aug. 12-14 at the Alishan National Scenic Area in Chiayi, the Chiayi Astronomical Society (ቯᆠ֚֮ؑ࠰ᄎ) said Wednesday. The Perseid meteor shower, one of three meteor showers of this year, will take place over the three days, with the peak time coming on Aug. 13, when people can expect to see 100 meteors per hour. Aug. 13 is close to the new moon, making it an excellent time for observing stars, according to the astronomical society. The event, including an introduction of the Perseids, counting stars and photographing the night sky, will be held from 7 p.m. to 9 p.m. on the Xiaoliyuanshan viewing platform in the Alishan Forest Recreation Area. (By Chiang Chun-liang and Bill Lin)
2015 July Issue
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Taiwan given Tier 1 ranking in U.S. human trafficking report
Washington, July 27 (CNA) The Department of Justice successfully recommendeTaiwan was placed under Tier 1 for the sixth consecutive year in the annual Trafficking in Persons report released by the U.S. Department of State on Monday, indicating that Taiwan continues to make an effort to address the problem.
imposes penalties of up to seven years in jail for sex and labor trafficking. The report said the penalties under the law have been sufficiently stringent and commensurate with those prescribed for other crimes, including rape. Men and women in Taiwan, however, are exploited and vulnerable to trafficking abroad in legal businesses, with some Taiwanese women recruited through employment ads in Japan, Australia, the United Kingdom and the U.S. and forced into prostitution, the report said.
Along with Taiwan, the United States, Canada and Germany were also listed as Tier 1 countries, meaning that they met the minimal standards set by the U.S.'s Trafficking Victims Protection Act of 2000 (TVPA) for the elimination of human trafficking, according to the report.
In Taipei, the Ministry of Foreign Affairs (MOFA) thanked the U.S. for its recognition of Taiwan's antihuman trafficking efforts by listing it as a Tier 1 country for the sixth consecutive year.
Countries listed as Tier 1, the highest ranking in the report, have acknowledged the existence of human trafficking and made efforts to address the problem, but it does not mean they do not have a human trafficking problem or that they are doing enough to address the problem, the report said.
The MOFA said it is determined to further step up its efforts to prevent human trafficking and improve human rights in the country.
In Taiwan's case, the report said most of Taiwan's human trafficking problems largely resulted from the existence of migrant workers.
In the U.S. annual report, China and Cuba were placed among the countries on the Tier 2 Watch List, high recruitment fees and can become heavily inwhich indicates that the countries have failed to fully debted to brokers and employers, who in turn threaten comply with the TVPA's minimum requirements but Trafficking victims in Taiwan were largely migrant the migrants to obtain or retain their labor, the report have made significant efforts to comply with the stanworkers from the Philippines and Thailand, and to a said. dards. lesser extent from China and Cambodia. According to the report, most of Taiwan's more than 550,000 migrant workers are hired in their home countries through recruitment agencies and brokers, and they perform low-skilled work as home caregivers and domestic helpers or in the farming, manufacturing, construction and fishing sectors. Some migrant workers are charged extraordinarily
Women and girls from China and Southeast Asian Countries placed on the Tier 2 Watch List means that countries are also lured to Taiwan through fraudulent they deserve special scrutiny, while countries placed marriages and deceptive employment offers for sex on Tier 3 fail to fully comply with the minimum U.S. trafficking purposes, the report said. standards and are not making significant efforts to do so. Taiwan was praised in the report for sustaining antitrafficking law enforcement under the country's Hu(By Rita Cheng, Tang Pei-chun and Frances Huang) man Trafficking Prevention and Control Act, which
Shanghai stocks plunge 8.48% on economy fears Shanghai, July 27 (CNA) China stocks dropped sharply Monday, with Shanghai stocks slumping 8.48 percent, the biggest one-day loss since June 2007, amid concerns over weak economic figures and increasing selling pressure, dealers said. The Shanghai Composite Index plunged 345.35 points to end at 3,725.56 on turnover of 721.3 billion Chinese yuan (US$117.9 billion). The Shenzhen Composite Index, which tracks stocks on China's second exchange, slid 7.59 percent, or 1,025.47 points, to close at 12,493.05 points on turnover of 667.7 billion yuan. The preliminary China Caixin purchasing managers index (PMI), which was released July 24, surprised markets by dropping to a 15-month low to 48.2 in July from 49.4 in June. The National Bureau of Statistics said Monday that profits of major Chinese industrial firms dropped 0.3 world's second largest, is heading for a slowdown, percent year-on-year in June, down from 0.6 percent the dealers said. growth posted in May. China stocks fell July 24, snapping a six-day winThe figures indicate that the Chinese economy, the ning streak, as some investors took profits from the
market's recent rebound after the Shanghai Composite Index rose past the 4,000 level last week as a result of China's measures to prop up the market, according to market analysts.
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2015 July Issue
China's missiles targeted elsewhere but threaten Taiwan: MND
(Taipei, July 28 (CNA) )
The medium and long range ballistic missiles (LRBM) deployed by China may target other countries but still threaten Taiwan, Ministry of National Defense (MND) spokesman Maj. Gen. Luo Shou-he (ᢅฯࡉ) said Tuesday. "Although China's medium and long range ballistic missiles are aimed at other countries, they still pose a threat to Taiwan. We hope Taiwan's people understand this, even if China's short range missiles are the biggest threat to Taiwan," Luo said after an MND news briefing. Luo was responding to an 8,000-word report published by the People's Liberation Army Daily on Monday detailing the strategic missile forces under China's Second Artillery Corp. He described the report as an attempt to intimidate Taiwan's people psychologically. "This was not conducive to cross-Taiwan Strait In response to another question about a Defense harmony and will even provoke resentment News report that the Republic of China's Navy among Taiwan's people," he said. is planning to replace its aging fleet of MD500 helicopters with MH-60R Seahawk multiTo counter China's military, the MND has in mission helicopters, Luo said the Navy needs recent years tried to establish a comprehensive to purchase next generation anti-submarine anti-ballistic missile system to better protect helicopters to meet its needs. Taiwan's security, Luo said.
At the moment, the MH-60R is not the only option for the Navy. It is conducting an across-the-board assessment before identifying a specific antisubmarine helicopter that best serves its interests and combat needs, Luo said. (By H. H. Lu and Flor Wang)
China's maritime police to hold live-fire drill in Taiwan Strait Taipei, July 29 (CNA) China's maritime police are scheduled to hold a live-fire drill in waters off the southeastern Chinese city of Xiamen Thursday, a move that Taiwan said it has been aware of and will follow closely.
Asked about issue, Taiwan's military said Wednesday that it has been aware of the planed drill and will continue to monitor developments regarding the exercise.
The drill will be staged in waters south of the southeastern Chinese The Chinese maritime police will province of Fujian and is an area hold the live-fire exercise in an area where the Chinese maritime police off Xiamen from 7 a.m. to 5 p.m. hold their regular training drills, said Thursday, according to a notice is- the Taiwanese military official. sued Tuesday on the website of China's Maritime Safety Administra- (By Lu Hsin-hui and Elaine Hou) tion, warning ships against entering the area and urging nearby boats to exercise caution.
Asian Pacific Business Journal Publisher: Wendy Chao President: Jocelyn Chao Contributing Writers: Jocelyn Chao