03.05.08
Posted in Business at 10:29 am by william_lee
The Atlanta-based Asian American Hotel Owners Association members own 22,000 hotels, totaling $60 billion in property value, and was established in 1989. The Asian American Hotel Owners Association will miss the great leader Tom Lantos. After his recent death, the community expressed its public condolences. He will be greatly missed by all those who were touched by his work and by his life.
His life story is inspirational for all immigrants who come to the United States seeking freedom, religious tolerance, and greater opportunities to earn an education and a living wage.
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02.28.08
Posted in Business at 1:39 pm by william_lee
Hyundai Motor is planning to introduce three models in China and open a new manufacturing plant in the country, in an attempt to overcome the 20% fall in the sales of its China ventures, reported Bloomberg. China is believed to be the world’s fastest growing automobiles market. Hyundai reportedly started trailing behind Volkswagen and General Motors in the auto race because of models that no longer interested buyers. The company is likely to introduce the HDC car, which has been designed for the Chinese market, in April 2008 and also include a medium-sized sedan.
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02.27.08
Posted in Business at 12:58 pm by william_lee
A Chinese-American partnership’s decision last week to withdraw, from the federal review process, its application to buy electronics manufacturer 3Com Corp became the news hook for the technology group’s announcement of a new study.
While the Association for Competitive Technology clearly saw the political furor surrounding the 3Com deal as a bad thing, some international investment advocates saw the development as a positive for the position they’ve staked out.
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Posted in Business at 11:36 am by william_lee
CEOs should know how to inspire workers to go the extra mile.
Emotional infrastructure, Instilling rituals, then creating opportunity through diversity, exclusivity, non-stop communication, Social networks, Values, and Vision.Click here to read more.
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02.21.08
Posted in Business at 9:54 am by william_lee
Association of Asian American bankers was launched by Paul Ma in 1987; the motive of opening this association was to unite members of Asian American bankers community. Ma used contacts from his previously held positions at the Federal Reserve, Small Business Administration and the California National Bank to invite senior commercial bankers with Asian market capacity to form the Association of Asian American Bankers.
This group as of know has 100 active members. Membership is open to banking corporations, as well as all individuals from national banks, state-chartered commercial banks, agencies of foreign banks, and any federally insured savings banks. On Dec. 7, 2007, the Association celebrated its 20th anniversary with a holiday dinner at Yank Sing Restaurant, attended by more than 160 bankers and guests. Amid the festivities, members elected the 2008-2009 board of directors, comprised of senior executives from institutions including Bank of the Orient, Cathay Bank, China Trust Bank, Innovative Bank, Transpacific National Bank and Far East National Bank.
AAAB hopes to expand their services to help their members regardless of whether they are individuals or financial institutions of any size to succeed in the market place. As resources allow, they hope to develop and add more programs, including advocacy, education, career resources, Though Paul Ma passed away in 1989, the organization he established is still going strong
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02.20.08
Posted in Business at 11:37 am by william_lee
Mr. Robert Kosof was elected as vice Executive Vice President and Chief Credit Officer of Preferred Bank. Previously, he was company’s board of directors at Preferred Bank. He is quite happy with the promotion, over all he has 40 years of banking experience, Earlier in his career, he held senior management positions at several banks including Bank Leumi USA, Olympic National Bank, Comerica Bank (formerly Imperial Bank), and Bank of America. This Bank is one of the largest independent commercial banks in California focusing on the Chinese-American market. This bank is well positioned to compete effectively with the smaller Chinese-American community banks. The head office is located in Los angels and has many other branches this bank gets the benefit individuals from the significant migration to Southern California of ethnic Chinese from China and other areas of East Asia
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02.18.08
Posted in World News, Business at 11:00 am by william_lee
New York – Congresswoman Nydia M. Velázquez (D-N.Y.) presented a check for $195,000 to the Chinese-American Planning Council or the expansion of its counseling, English language education, vocational training and work placement programs.
The money was included in the Fiscal Year 2008 Omnibus Appropriations bill to assist in the expansion of the CPC’s Employment & Training program.
Since 1965, CPC has provided placement services, job-readiness training, employment counseling and other support services to help newly-arrived immigrants integrate into the American workforce. The Employment & Training program currently serves 500 workers per year – educating them in seven different vocational programs. In addition, CPC provides English as a Second Language classes to approximately 400 adults, many of whom also participate in their vocational training programs.
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12.20.07
Posted in Business at 9:56 pm by william_lee
I have a difficult time flipping through the news these days without seeing some mainstream news outlet telling me that I should boycott goods from China, or telling me about something about Asian people that is wierd, unusual, out of the ordinary, or basically some reason why I should really really really feel embarrassed about my Asian ancestry. Man, the things I have to go through to prove that I was born in the U.S.A. Anyway, we’ve mentioned in previous posts that there is a relationship between
- mass media’s encouragement of people to boycott goods from China
and
- a shiny brand new flavor of yellow peril coming out of retirement
Mainstream media outlets are really quick to play up, in big bold letters and giant sized .jpg images why everyone should think Americans of Asian ancestry are spies, but they are very quiet when it comes to telling you stories about the ways in which China bails out American businesses left, right and center.
This article from the Wall Street Journal mentions, “Like UBS and Citigroup, Morgan Stanley is getting a cash infusion from a foreign government. It announced that a Chinese investment fund will pay $5 billion for an eventual 9.9% stake.”
Don’t you find it at all ironic that America wants to invoke fear and hatred towards China, while at the same time its financial power houses are going over there begging for a $5 billion bailout due to their own bone-head trading decisions and mis-steps? You want to call out China on the innumerable human rights? Go ahead. Blow the whistle on corruption, prisoners of conscious, and other humanitarian outrages? That cool. I’m just saying that it’s a little hypocritical to do that and then turn around and say “Psssst…. hey China! Can you spot me $5 billion?”
Am I wrong?
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11.29.07
Posted in Science & Technology, World News, Business at 10:48 am by telly_wong
In Mexico, FAW is good.
Construction began last Friday on an auto assembly plant in central Mexico that will produce Chinese cars. The factory will be co-financed by an arm of Mexican conglomerate Grupo Salinas and China’s state-owned FAW Group Corp, one of the nation’s largest auto manufacturers.
The new plant is expected to open by 2010 and plans to produce 100,000 cars a year for sale in Mexico and Central America. The factory is expected to create up to 20,00 new jobs for the region.
At the groundbreaking ceremony, Mexican President Felipe Calderon said, “Most of the world’s investments used to go to China, and today China has come to invest in our country because it recognizes an enormous opportunity in Mexico thanks to its domestic market and proximity to the U.S. and Latin America”.
FAW-line cars will start selling in Mexico early next year for as much as 10 percent less than the current market average, which is about $7,100.
While I’m sure FAW’s investment in Mexico is part of the company’s larger plan to enter the American market, who knows, if this venture pays off, it should lead to more Mexican-based auto factories and more jobs for its citizens — which just might help create a stronger national economy and even possibly help reduce illegal immigration into the United States. Unfortunately, I’m sure the right-wing media and ultra-conservative politicos here likely don’t share in my optimism and have begun whipping up their own drugged-out conspiracy theories.
Meanwhile, Lee Iacocca is somewhere shitting a brick.
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