Commerce Briefs: 12/07/07
December 11, 2007
John M. Lee Elected CFO of S.F. Realtors
John M. Lee of Pacific Union Real Estate has been elected chief financial officer for the San Francisco Association of Realtors for 2008.
Lee, in the past few years, has been actively serving the SFAR on its board of directors, as chairperson of the Cultural Diversity Committee, Finance and Budget Committee, Education Committee and Membership Services Committee.
Lee said: “2008 will be a challenging year for SFAR, as we anticipate our membership to decrease due to the fact that the real estate market is not as active. We are also embarking on several large projects, including renovation of our facilities, introducing a transaction management platform and working politically to promote homeownership.”
The San Francisco Association of Realtors is a professional association of over 5,000 members, offering business services and legislative representation to real estate practitioners and affiliated service providers in San Francisco and surrounding areas.
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Filipino Entrepreneur Pledges $4 Million
SAN FRANCISCO — Engineer and entrepreneur Dado Banatao and his wife, Maria, pledged $4 million to the Asian Pacific Fund to endow their scholarship programs.
Administered by the Asian Pacific Fund, the Banatao Filipino American Education Fund awards college scholarships to young Filipino Americans pursuing engineering and science careers, and also supports high school juniors with college admissions counseling and SAT prep courses.
Even though more than 300,000 Filipinos live in the Bay Area, few pursue science and engineering despite the region’s lucrative high-tech industry. The Banataos created this scholarship program with the Asian Pacific Fund to encourage Filipinos to excel in these fields.
The program awards five renewable $5,000 scholarships every year to young Filipino Americans in Northern and Southern California. The Banatao program has already seen seven scholars to graduation.
— Philippine News
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Nooyi Named To U.S.-India Business Council Board
WASHINGTON, D.C. — The U.S.-India Business Council recently announced the appointment of Indra K. Nooyi, chairman and chief executive officer of PepsiCo, to its board of directors.
The U.S.-India Business Council is the premier business advocacy organization, representing 250 of the largest U.S. companies investing in India and two dozen of India’s largest global companies. The Council’s mandate is to strengthen U.S.-India commercial ties, and its board of directors represents a spectrum of companies and industries.
PepsiCo, the world’s second-largest food and beverage company, is a longtime supporter of expanding business ties between the U.S. and India, and works actively to strengthen the two countries’ commercial relations.
PepsiCo has been doing business in India since 1989, and has invested more than $700 million in India to build businesses that provide direct or indirect employment for more than 60,000 people.
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Realogy Sponsors Asian Real Estate Convention
PARSIPPANY, N.J. — Realogy Corporation, a global provider of real estate and relocation services, recently underscored its support of the Asian American community as a sponsor of the second annual Asian Real Estate Association of America Convention & Gala in Las Vegas. The event brought together real estate professionals from the U.S. and Asia for informational sessions about the Asian American housing market, including top economists who spoke about the future of the real estate market.
The Asian American consumer market is one of the fastest growing in the United States, with an 81% growth in population from 1990 to 2005 and a projected buying power of $579 billion in 2010.
AREAA is the only national professional trade organization dedicated to closing the homeownership gap facing the Asian Pacific American community. AREAA’s membership represents a broad array of real estate, mortgage and housing-related professionals that serve the diverse Asian Pacific American market.
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Investing in Asian American Women Through Education
For promoting education among Asian American women and other accomplishments, Wendy Cai recently became the youngest recipient of the United Nations Population Fund Award for the Health and Dignity of Women.
Cai is one of three American women this year to receive this award from the UNFPA, an international development agency that promotes equal rights for women around the world.
Cai, 33, is a high-level executive at Deloitte and Touche USA LLP, where she advises American and Chinese companies to invest in each other. She is also investing in the future of young Asian American women by generating funds for scholarships as a board member of Asian Women in Business, and is currently raising $200,000 in scholarship money.
Through her own pocket and fund-raising galas, Cai says she will reach her goal. Each scholarship candidate must exhibit top grades, but also demonstrate community leadership and entrepreneurial achievement.
— Diverse Online
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