Daily Dose: 12/29/08

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» AsianWeek Market Report
» Manju Ganeriwala Named Virginia State Treasurer
» New York Governor’s Budget Proposal Will Hurt APA Children and Families
» Judy Chu to Run for Congress
» Controller Chiang Calls for Federal Guarantee to Restart Public Works Projects
» Free DVD on History of SF Japantown
» Tia Carrere Nominated for 2009 Grammy
» India’s No. 1 Cable Channel to be Available in Golden State
» ANA Announces 2008 Multicultural Excellence Award Winners
» Documents Offer Look at Big Tobacco’s Asia Tactics
» Flights Between Taiwan and Mainland Now Daily

Compiled by Connie Zheng

AsianWeek Market Report

AsianWeek Market Report
Asian Stock Indexes
NIKKEI 225 Tokyo 8,747.17 7.65 0.09%
HANG SENG Hong Kong 14,328.48 144.34 1.02%
KRX Busan 2,365.18 -0.12 -0.01%
SSE IX Shanghai 6,653.20 -51.05 -0.76%
BSE Bombay 9,533.52 204.60 2.19%
HOSE Ho Chi Minh 308.56 4.10 1.35%
SET Bangkok 313.67 -0.12 -0.04%
Asian American Market Report
Yahoo! YHOO 11.69 -0.65 (-5.27%)
Citigroup C 6.57 -0.16 (-2.38%)
Amkor Technology, Inc AMKR 1.86 0.02 (1.09%)
Sybase SY 23.19 -0.81 (-3.37%)
East West Bank corp,Inc EWBC 14.04 -0.66 (-4.49%)

NATION

Manju Ganeriwala Named Virginia State Treasurer

Virginia Governor Timothy M. Kaine has made the second major appointment of an Indian American in his administration by naming Manju Ganeriwala, currently deputy secretary of finance, state treasurer effective Jan. 1. The current treasurer, J. Braxton Powell, is retiring Dec. 31.

India-West received further confirmation of the involvement of Indian Americans in the Kaine administration from a recent press release from the governor’s office, which listed appointees Dr. Gopinath R. Jadhav, a consulting gastroenterologist from Richmond, Va., to the board of directors of the Small Business Financing Authority and Kanshana K. Thamodaran, a marketing executive in Virginia Beach, Va., to the board of commissioners of the Virginia Public School Authority.

As state treasurer, she will be the chairwoman of the Treasury Board of Virginia, which has overseen for between $8 billion and $10 billion of investments and all debt management of the Commonwealth.

- Indiawest.com

New York Governor’s Budget Proposal Will Hurt APA Children and Families

NEW YORK – The Coalition for Asian American Children and Families (CACF) considers Governor David Paterson’s 2009 executive budget proposal inadequate in protecting vulnerable communities, including Asian Pacific American children and families during these tough economic times.

In New York City, Asian Pacific Americans are by percentage the fastest growing group, making up 12 percent of the population. The Asian Pacific American community has real and unique needs, with the second highest rate of poverty (25.9 percent) and the highest rate of linguistic isolation (28 percent) among all racial groups. Nearly 25 percent of Asian Pacific Americans age 25 years and older do not have a high school degree.

His plans will cut health care, child welfare and education services that will unfairly harm Asian Pacific American and immigrant children and families.

BAY/CALIFORNIA

Judy Chu to Run for Congress

The race to replace Congresswoman Hilda Solis may turn out to be a competition between veteran politicians representing the district’s two largest ethnic groups: Latinos and Asians.

Judy Chu, chairwoman of the state Board of Equalization, announced her intention to run for the seat, which encompasses East Los Angeles and the San Gabriel Valley and would be vacant if Solis (D-El Monte) is confirmed as President-elect Barack Obama’s secretary of labor.

State Sen. Gloria Romero (D-Los Angeles) said publicly last week that she was interested in pursuing the seat.

About 48 percent of the district;s voters are Latino. Asians are the second-largest group, making up 13 percent of the vote.

Chu began her political career as a board member for the Garvey School District in 1985. She has served in the state Assembly and as a council member and three-time mayor of Monterey Park.

- Los Angeles Times

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Controller Chiang Calls for Federal Guarantee to Restart Public Works Projects

SACRAMENTO, Calif. – In a letter to President-elect Obama’s transition team and the California Congressional Delegation, State Controller John Chiang today recommended a federally guaranteed infrastructure-financing program to stimulate the economy, promote lending confidence and infuse capital to state and local governments for public works projects. Signatories also include the California State Association of Counties, the League of California Cities and the State Building and Construction Trades Council of California.

ARTS/ENTERTAINMENT

Free DVD on History of SF Japantown

Urban VOICE, the producers of Crossroads In Nihonmachi, the first and only documentary on the redevelopment issues in San Francisco’s Japantown, announced its intention to give away the 54-minute documentary. The only cost is $5 for shipping and handling per disc. Orders will be taken with a limit of one per family and two for institutions.

Urban VOICE said its decision to now give away the documentary is based on the organization’s principles of providing information that will assist individuals and groups to address issues of social and economic justice. Its purpose is to help contribute to dialogue, which will aid in resolving those urban communities trying to work through their financial cutbacks. For those families and individuals who were a part of the redevelopment era in Japantown, this documentary will serve as the recorded history of their experiences.

To order Crossroads In Nihonmachi, make out a check for $5 for each disc, payable to Urban VOICE and send it to: 6031 Christie Avenue, Emeryville, CA 94608.

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Tia Carrere Nominated for 2009 Grammy

The Grammy nominees for 2009 include actress Tia Carrere. Carrere, who was nominated last year for her album Hawaiiana produced by Daniel Ho, received a do-over, this time as a duo with Ho on Ikena. The album, whose title means “view” in Hawaiian, features all new songs with Hawaiian lyrics, written by Ho and Amy Ku‘uleialoha Stillman – including tributes to Spam and the Earth Mother.

- San Francisco Chronicle

SPORTS

Asian Tour Condemns Rival

BANGKOK, Thailand – The Asian Tour has condemned the rival One Asia golf tour of attempting to invade the continent, issuing a strongly worded statement in response to fresh speculation about the organizational future of the sport in the region.

The Asian Tour’s statement came after reports the Japanese Golf Tour had held talks with U.S. PGA and European Tour officials about bringing events from those tours to Japan.

The talks deepen the uncertainty about which sanctioning bodies will control Asian golf in the near term.

The Australasian, Japanese, Chinese and South Korean tours had been party to the creation of the One Asia tour, which had initial plans for a combined tour in those nations from 2009.

The Asian Tour said that it would support a series of four to six World Golf Championship-style events in Asia.

The Asian Tour has been the principal organizing tour in the continent since 1995, but has no presence in Australasia and in 2008 had just one event in Japan, co-sanctioned by the Japanese Golf Tour.

- AP

COMMERCE

India’s No. 1 Cable Channel to be Available in Golden State

SAN RAMON, Calif. – Comcast, the nation’s leading provider of entertainment, information and communications, and STAR, a wholly owned subsidiary of News Corporation and Asia’s leading media and entertainment company, announced the launch of STAR India PLUS across Comcast’s digital cable platform in California.

The launch of STAR India PLUS on Comcast will complement a robust lineup of Indian content for viewers across Northern California, home of the second-largest South Asian population in the United States. STAR India PLUS will be available in all of Comcast’s California service areas including Sacramento, Fresno, Stockton, San Francisco, Oakland, San Jose and the surrounding areas, with the exception of the North Santa Barbara and Lompoc, Calif., systems.

As part of the signed distribution deal, four additional top-rated Indian channels, STAR ONE, STAR India GOLD, STAR India NEWS and VIJAY, will also be available for Comcast distribution.

As India’s number one Hindi cable channel, STAR India PLUS regularly features many of the top programs in the country week in and week out.

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ANA Announces 2008 Multicultural Excellence Award Winners

BOCA RATON, Fla. – The Association of National Advertisers (ANA) has announced the winners of the 2008 Multicultural Excellence Awards. Now in its eighth year, the awards recognize ANA member companies and marketers for their work in producing superior multicultural advertising campaigns that ran between June 2007 and May 2008.

Winners were named in six categories. This year, the ANA created a new category for strong work across all ethnic segments in Digital Media.

The winners are as follows (category, grand prize brand and agency) are as follows:
African American, Partnership For a Drug Free America, Prime Access, Inc.
Asian, State Farm Insurance, interTrend Communications
Digital Media, Cadbury Dentyne, The Vidal Partnership
General Market Category, McDonald’s, DDB
Hispanic, Blue Shield of California, Blue Shield of California
Campaign with Significant Results, Energizer, Grupo Gallegos

The 2008 grand prize award recipients were announced at a ceremony during the ANA’s Multicultural Marketing Conference.

GLOBAL

Documents Offer Look at Big Tobacco’s Asia Tactics

BANGKOK, Thailand – Two of the world’s largest tobacco companies, seeking to expand sales into Asia, worked to undermine anti-smoking policies in Thailand and China by infiltrating one research institute and funding another, researchers said.

The allegations – highlighted in two separate studies – come as tobacco companies are aggressively marketing cigarettes in the developing world as lawsuits and anti-smoking laws hit revenues in the West.

In Thailand, Philip Morris, the world largest cigarette maker, planted a scientist in Chulabhorn Research Institute in Bangkok in a bid to get researchers to shift their attention away from secondhand smoking and toward other forms of air pollution, according to one study. Public health researchers from the University of Sydney and the University of Edinburgh produced the study by analyzing internal industry documents made public following litigation in the United States.

A separate study alleges that British American Tobacco, the world’s second-largest firm, provided funding in China for the Beijing Liver Foundation in a campaign to shift focus away from links between smoking and ailments such as liver disease.

Both companies denied the charges presented online in the Public Library of Science Medicine journal. The two studies were partly funded by the National Cancer Institute in the United States.

- AP

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Flights Between Taiwan and Mainland Now Daily

SAN FRANCISCO – Mainland China and Taiwan launched daily flights, direct mail and sea transportation services between the two ends of the Taiwan Straight. The Ming Pao Daily reports that before the newly launched services, there were only 36 flights connecting the mainland and Taiwan, and they were scheduled only on weekends. Now, there are 108 daily flights per week.

The Taiwan Department of Transportation expects that the number of tourists from the mainland will double from 300 to 600 every day. According to the Sing Tao Daily, Taiwan President Ying-jeou Ma said at Gaoxiong Port, where the first steamboat was going to mainland, that the two sides of the Taiwan Straight no longer opposed to each other, and that will boost Taiwan’s ability to compete in the world market.

- Ming Pao Daily

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