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The bank disbursed S$7 million ($5.23 million) in loans to social enterprises so far this year, up fourfold from 2019. Much of this support has gone towards creating and preserving livelihoods, with many of the SEs using the funds to create and retain jobs…
Japanese hamburger-restaurant chain Mos is selling a 74.3 per cent stake in its Thailand operations to bolster its local presence. The Mos Thailand shares are being acquired by former Thai skincare entrepreneur Pitharn Ongkosit, who will undertake to expand…
Fashion brand Tommy Hilfiger is seeking applications from social entrepreneurs for the second year of its Fashion Frontier Challenge. Tommy Hilfiger’s global program aims to support entrepreneurial start-up and scale-up stage businesses developing solutions…
Logivan, a web platform that helps trucks connect with potential customers, said it has raised $5.5 million in the latest funding round. The investment comes from two Asian angel investors and Indonesian venture capitalist Alpha JWC Ventures. One of the angel…
Vietnamese fintech firm Finhay has raised $1 million in seed funding from Singapore’s Insignia Ventures Partners and other foreign investors. “Finhay will use the $1 million investment to expand its user base 10-fold to 100,000,” said founder and director of…
Founders of Wisepass, Base.vn and WeFit are educated overseas, drawn back to Vietnam by its startup potential. Lam Tran, 34, is a French overseas Vietnamese with over 10 years’ experience in marketing at Google Europe. He returned to Vietnam and founded…
An increasing number of young Vietnamese are taking the startup route, willing to take risks and wait for rewards. Pham Khanh Linh seemed to be all set on a rewarding career, finding a job at global financial firm Goldman Sachs after graduating from the…
The Vietnamese government is willing to make changes in regulations to facilitate timely funding of startups, Prime Minister Nguyen Xuan Phuc said. Addressing at the Youth Startups Forum 2018 in Hanoi on Thursday, he acknowledged the challenges that…
LG Electronics announced on Thursday that it has opened an entrepreneurship center for young people at an existing technical and vocational education center run jointly by LG and the Korea International Cooperation Agency (Koica) in Addis Ababa, Ethiopia. The…
Startup entrepreneurs need passion and should take risks and make sacrifices to succeed, says Tan Hooi Ling, co-founder of Grab. She said passion and commitment, not money making, should drive a startup, and that it was okay to be considered crazy. The…
Local banks have invested an additional 345 billion won ($303.8 million) into start-up support. Based on past results, the latest funding could yield 11,000 jobs, D.Camp said on Wednesday. In 2012, 18 local banks teamed up to create and invest 500 billion won…
‘People are starting to wonder if doing business in China is worth it.’ African nations have been turning to Vietnam as the business environment in China becomes increasingly more difficult. African businesses started flooding to Guangzhou City after China…
Life was not easy for Charier Valcarcel Rosita of Tagum City, Davao del Norte. She had to give up her job in a school canteen to take care of her child and do household chores. Rosita thought that was all life had to offer until she became aware of her full…
Having traded a law degree to start a sustainable coffee shop, is now set to make greater impact on Philippine development. Endeavor chose the founder of Bo’s Coffee as the latest Filipino high-impact entrepreneur during its 64th International Selection Panel…
Singapore-based marketplace company, Shopee, has been holding Young Entrepreneur Program. The program–which has been started from March 2016–is carried out to find Indonesia’s new young business talents. “Some 230 students have been participating in the…
Lululemon Athletica Inc. named J. Crew Group Inc. Chief Financial Officer Stuart Haselden as its new finance chief, with an expected start date of 2 February. To view the full article (note: you must be a Wall Street Journal Online subscriber), visit The Wall…
