Forbes Asia Special Issue 2019

Forbes Asia chronicles entrepreneurs, executives and companies throughout Asia.

United States
Forbes Media LLC
USD 79.99
13 Números

en este número

2 min.
turbulence convergence

Welcome to the special issue for the 19th annual Forbes Global CEO Conference, with the theme “Transcending the Turbulence.” I have had the privilege to attend almost all of these events, and this one promises to be especially memorable. While a play on aviation, the theme has a deeper message about the current forces of disruption affecting the global business community and how to cope with them. The cover story, written by Senior Reporter Pamela Ambler, is on Eduardo Saverin, who cofounded Facebook, and his partner Raj Ganguly. Saverin and Ganguly are building their B Capital Group under the slogan “innovation without borders,” with Saverin based in Singapore and Ganguly in Los Angeles. The investment approach of B Capital is indeed borderless, with funds deployed into companies based in a diverse set…

6 min.
wealth: the democrats don’t get it

THE PUBLICATION of our “rich list” will fan the fevers of plundering politicians, especially those “soak the rich” Democratic presidential candidates looking for seemingly easy sources of loot to finance their socialist fantasies. They’re delusional. To hear these White House wannabes tell it, you’d think the people on our 400 list are like the Disney character Scrooge McDuck, sitting in their money bins loaded with coins, gold, jewels and paper currency. Tax it, and voila! You’ve got all that lucre for your pet projects. It just ain’t so! Look at what the people on this list actually own, and you’ll quickly see that only a small portion of their assets are in ready cash. Anyone who’s ever owned a home or a car can attest to the distinction between property and…

2 min.
buckle up

Our 19th Annual Forbes Global CEO Conference being held Oct. 15 and 16 in Singapore has some big headliners: Singapore Prime Minister Lee Hsien Loong, Alibaba founder Jack Ma, and Forbes chairman Steve Forbes. The theme “Transcending the Turbulence” aptly refers to a global economy beset by storms, bumps and risk aversion. Here are three big trends driving today’s turbulence: TECHNOLOGY ACCELERATION. Singularity—or the theoretical point when technological innovation becomes irreversible and consequently alters human civilization—is not near. Robots are not taking over the world any time soon. But digital technology is racing ahead furiously. Think of a giant centrifuge spinning the world’s economy ever faster, sorting out businesses, industries, individual careers, cities, countries and militaries. Those who tie their fortunes to the accelerating digital powers—and get smarter and quicker every…

2 min.
weathering the storm

As the trade war intensified at the end of 2018, pessimism spread about the economic prospects for China and emerging Asia. However, things looked more positive halfway through 2019. First, Asia’s exports have not collapsed, defying expectations. Compared to 2018, when Asian exports grew by 8.7% to a record, Asian exports in the first seven months of 2019 fell by only 2.6% compared to the same period of 2018. To give perspective, Asia’s exports so far this year are still 5.9% higher than in 2017, according to Haver Analytics. China’s economic slowdown in the last few years is due to the government’s initiative to shift to a service-driven economy from an industry-led one—not because of the trade war. China’s exports of $145.6 billion in the first seven months of 2019 were…

7 min.
mind on, hands off

When billionaire Harsh Mariwala decided to hand over day-to-day control of consumer goods giant Marico, he had a mantra for his role as chairman at the company he founded and ran for 24 years: “Mind On. Hands Off.” “The whole objective is to add value,” says Mariwala, 68. “Not control.” That decision in 2014 to relinquish management of the Mumbai-based company he created in 1990 (and in which he and his family still own 59%) provided Mariwala with a springboard to return to his roots as an entrepreneur: Mariwala is now focusing on a variety of new business and philanthropic initiatives, including a string of startup investments, a mental health program for India’s underprivileged and a forthcoming book on the lessons of his entrepreneurial journey. Mariwala started in the business in 1971,…

1 min.
message in a bottle

After Harsh Mariwala joined his family’s trading firm Bombay Oil in 1971, the new executive came up with a bold new idea: replace the metal tins in which oils were sold at the time with smaller, cheaper plastic bottles. The slicker, more convenient packaging and nationwide distribution helped Mariwala in the 1980s turn Bombay Oil’s staple commodities into household names, such as Parachute coconut hair oil and Saffola cooking oil. Nowadays 94% of its packaging is recyclable and its cooking oils a heart-healthier mix of safflower and rice-bran oils. Sales of Parachute account for roughly 40% of Marico’s total and grew 8% in the past year. Other hair oils (made with extracts of almond, gooseberry or mustard oils) account for more than a fifth of sales, while Saffola makes up 13%.…