The Mortgage Banker’s Association (MBA) announced earlier this week that Jonathan L. Kemper, current President and CEO, will be stepping down on December 31, 2008. According to the same MBA statement, during Kempner’s seven years with the MBA, the association doubled its revenues and operating reserve fund.

“This has been an extremely intellectually stimulating and rewarding period in my professional life,” said Kempner. “Navigating the highs and lows of the real estate cycles, with a first rate leadership and wonderful membership, afforded me a rare opportunity to contribute to one of the most important industries in our society. I am very proud for the extraordinary staff I have helped assemble at MBA, as my colleagues’ dedication, intelligence, and expertise make a true difference in the overall quality of life for many Americans. MBA’s mission, I am convinced, will be enhanced with new leadership, and on a personal level I very much look forward to a new position of leadership myself after nearly eight wonderful years at MBA.”

Kieran P. Quinn, MBA Chairman of the Board of Directors had this to say of Kempner, “Jonathan has been an exceptional leader for MBA. He has led a major transformation in our operations, and put in place a first rate staff that is widely acknowledged to be one of the most effective in the Washington association world. He has poured his heart and soul into MBA with the highest degree of professionalism, integrity, and devotion to our members, and always with a personal warmth and sense of humor. The entire MBA family will miss him.”

Quinn also announced that John A. Courson, former MBA Chairman, will become their COO effective August 1, and will assume the position of President of MBA, effective January 1, 2009.

Quinn said that, “John Courson brings tremendous industry knowledge, business savvy, and political skills to MBA. John has worked tirelessly on behalf of our industry for more than 40 years. He has been an advocate ensuring safe and affordable housing for all Americans and for simplifying the mortgage process. We are lucky to have John join MBA and steer our association to represent the real estate finance industry as we continue to build America’s communities.”

Courson, who currently serves as Chairman of the Board of Directors of the California Housing Finance Agency, served as Chairman of MBA in 2003 and as a member of MBA’s Board of Directors, the Residential Board of Governors (RESBOG) and the Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG).]

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The biggest carmaker, General Motors, India’s capital was head hunted silicon, which offers a lot of 2005 on the conclusion of the Indian Institute of Management, Bangalore - Shanghai China a detachment of its establishment.

It is a unique double for the institute, which since the existence of the last three decades. While the GM head hunting is probably fairly well, it is perhaps for the first time that the Middle Kingdom would be the best after a taste of India’s most prestigious B-schools.

Turning to the figures. Against five companies during the year 2004 for the location zero (the first day of qualifying period), the number this year is almost three times. The newcomer to this year are HSBC, British Petroleum, Barclays, General Motors and Bank of America.

The list of companies in 2005 to zero Slot Board consists of three companies - McKinsey, Boston Consulting Group (BCG) and AT Kearney.

Said Gauri Gupta of BCG: “The 2005 is well on track, particularly in analytical representation of a high degree of maturity.”

Other hirers contain a mixture of investment banks and industrial products.

Officials, which provides details have not yet been calculated, but seemed confident that these would be higher than those of 2004.

While Capital One has leased for New York, British Petroleum, it is anticipated that the supply of Singapore. HSBC is the attitude of New York, London and Hong Kong, while Deutsche Bank would recall staff to London.

One of the biggest banks in France, BNP recruitment, London, Singapore, Hong Kong and Tokyo.

The second day of negotiations, it is the turn of the usual suspects-FMCG majors like HLL and P & G. In addition to these two Citibank is also the second day, which is also the National Kidney Foundation, Singapore.

Taking the inter-regional integration efforts (for more trade and industry) on exporters’ level is the most important pillar of the new launched “Focus ASEAN (Association of Southeast Asian Nations) and 2 (Australia and New Zealand) “Programme of Ministry of Commerce, Government of India.

The new programme has been chalked out along the lines of programmes such as “Focus-LAC” and “Focus Africa ‘, which has proved fruitful.

India is the traditional export basket in the countries of ASEAN is composed of elements such as gems and jewellery, grain, chemicals, electronic goods and iron and steel, with no evil the demand on the route of a certain category of products. Events trade in this region of Engineering Procurement and Construction (EPCs) are in financial assistance from the government under the Market Development Assistance (MDA) Scheme.

India-exports to ASEAN countries reached $ 4.62 billion during the period 2002-03, from $ 1.63 billion in 1998-99. Currently, ASEAN is a dominant trading partner of India, for example accounting for 9 percent of total trade. Two avenues of trade is now $ 9.8 million, with a trade deficit of 0.5 billion dollars.

The main markets are India, Singapore (export refunds from India was $ 1.4 billion over the period 2002-03), Indonesia ($ 0.8 billion), Malaysia ( $ 0.75 billion), Thai country ($ 0, 7 billion) and Philippines ($ 0.5 billion).

During a recent workshop on the theme “Doing Business in South East Asia”, organised jointly by the Bengal National Chamber of Commerce and Industry and Capexil, in collaboration with the Indian Institute of Foreign Trade (IIFT), Mr. Samir Ghosh, Senior Vice - - Chairman of Capexil, there is an urgent need to improve economic cooperation between India and ASEAN countries by the work quickly on the path of an India-ASEAN Free Trade Agreement (FTA).

ASEAN countries, Mr. Ghosh, it may be regarded as one of the main destinations for Indian exports, reaching $ 30 billion by 2008, according to a recent study.

The ADB says Ghosh has forecast economic growth of 5.4 per cent by the year 2005 for the ASEAN region. While high growth is expected to Vietnam and Thai country, for the rest, it is likely to hover in the range of 4.5-5.5 percent.

Mr. Ghosh told Business Line that some ASEAN countries have made enormous progress on industrial and technological development, particularly in areas such as ceramics, glass and glassware, plywood and wood and rubber . The main products Capexil region of ASEAN are minerals, rocks, tires, glass, paper, electrodes, books and rubber products.

Requested the Council support programmes in the region, “said Ghosh including participation in trade fairs in Vietnam and Australia (Design Build in Melbourne, Australia), next to the buyer-seller meets in India and the ASEAN countries.

If the IBM-Board meets Tuesday, the key decision will face as deeply to cut this period. And the result would be to say much about how fast and powerful, as the company’s new chief executive, Louis V. Gerstner Jr., wants its mark on the troubled computer giant, he joined in April.

Most of Wall Street and industry analysts expect that the sources of board to take a cargo of large profits for the second quarter against the closure of factories and equipment balances, since the company streamline its activities. The fee for the cutting of production capacity - which could be enriched by $ 1 billion to over U.S. $ 4 billion, said one analyst - would, in addition to $ 2 billion of depreciation announced earlier this month as provided for greater reduction of staff. The operating loss expected

The International Business Machines Corporation is also expected to announce its second quarter results after the committee meeting. In addition to a special levy for the reductions, analysts predict that the report is an IBM operating loss in the area of $ 140 million to $ 180 million.

Most analysts believe that the board decides Tuesday on the slice of IBM dividend for the second time this year, given that the company cash to recover the fighting. The quarterly distribution is 54 cents and analysts predict that this is more than half, or 25 cents.

The computer industry are also noted, if the name of IBM or compensation for its two onboard. Three out of directors recently decided to bottom, and Tuesday of the meeting are also the last of Jack D. Kuehler, a vice-president of IBM, retired. A clean, bold stroke

If you are a second quarter enormous fees is that it works to the advantage of Mr. Gerstner - and IBM - for financial housecleaning necessary for a stroke and bold move with the reconstruction process. That must stop IBM, analysts say, is its recent history, the costs quarter after quarter, year after year, react to market changes, rather than control.

“Death by a thousand cuts is exactly what IBM has done for years,” said David Yoffie, a professor at the Harvard Graduate School of Business Administration. “Gerstner has helped to reduce as much as possible, as quickly as possible, that behind him.

Mr. Gerstner, provides Dan Mandresh, an analyst for Merrill Lynch & Company, is in favour of a “clear the decks” approach.

The government of Karnataka, which has shown great interest, the rise of the state’s exports, the services of the Indian Institute of Foreign Trade (IIFT) from New Delhi to develop sectoral strategies aimed at increasing exports. Regardless of the information technology (IT), Karnataka research in areas like textiles, drugs in bulk, the plant-based products and handicrafts. The report IIFT expected to be completed in September 2005.

Exports from Karnataka has increased from Rs28, 890 crore during the period 2002-2003 to Rs41, 670 crore in 2003 - 2004 and are likely to exceed Rs50, 000 crore in 2004-2005. The State is confident it can reach exports of RS1, 00000 crore in 2009-2010.