EXPLOREMY LIBRARY
Business & Finance
Forbes Asia

Forbes Asia April 2019

Forbes Asia chronicles entrepreneurs, executives and companies throughout Asia.

Country:
United States
Language:
English
Publisher:
Forbes Media LLC
Frequency:
Monthly
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13 Issues

in this issue

1 min.
compare and contrast

There’s a study in contrast between this issue’s two features, the 30 Under 30 Asia list and Japan’s 50 richest list. The 30 Under 30 Asia highlights some of the best and brightest of the region’s next generation. Japan’s wealthiest list is largely old money—the average age of the top ten richest is 67. Japan’s population, as most know, is rapidly aging, and the country is suffering a net decline in population. Yet as Forbes Asia Chief Economics Commentator Yuwa Hendrick-Wong notes in his column, Japan’s economy is doing better than what’s normally portrayed. The country, for example, is encouraging more women to participate in the labor force, and creating a fairer system of wages and employment practices to benefit both companies and employees. One more item supporting the idea of Japan’s…

3 min.
the insolvent thinking of central bankers

THE UTTER INTELLECTUAL bankruptcy of most modern economic policymakers was starkly displayed when European Central Bank boss Mario Draghi recently and unexpectedly announced that the ECB would be making a new round of cheap loans to banks this September to help stimulate the Continent’s sputtering economies. Despite decades of disappointing data demonstrating that central banks cannot guide the pace of economic activity in the way a thermostat does the temperature of a room, political and economic leaders still persist in pursuing this fantasy. The cost in forgone prosperity is immense. Had central banks and their political masters sought the goal of stable currencies—and had the U.S. dollar remained fixed to gold—the material well-being of the world would probably be double what it is today. Central bankers and all too many economists can’t…

4 min.
a genuine gem: late bloomers

By Rich Karlgaard (Currency, $28) WHAT YOGI BERRA observed about a baseball game—it ain’t over till it’s over—is true about life, and Rich Karlgaard’s new book is the ultimate proof of this. Read it, and you’ll be both relieved and inspired. It’s a keeper. There are three big takeaways. • We’re destructively overdoing the “You must be on the road to big success when you’re young, or you’ll never really amount to much” mentality. Today’s culture obsessively glorifies youthful prodigies and is hostile or oblivious to the basic truth that many of us don’t reach a productive career rhythm until years after we leave school. It often takes a lot of trial and error to discover our path and then develop our real talents. Rich, a Stanford graduate, even did a stint as…

4 min.
refreshing cloud apps

Cloud services giant Salesforce faced an unlikely gatecrasher at its annual Dreamforce convention last September: a blimp floating above its eponymous tower in downtown San Francisco emblazoned with the slogan #failsforce. In case anyone missed the message, a marching band and a “hit refresh” lounge were stationed at street level urging customers to look for affordable alternatives. The message was also beamed across billboards, banners as well as digital and radio ads. Behind the stunt was nine-year-old Freshworks, an up-and-coming rival to Salesforce founded and run by 44-year-old Girish Mathrubootham. Last May, the company bombarded rival Service-Now’s annual convention in Las Vegas with walking billboards and taxi banners around the city. It also served free coffee and breakfast to participants outside the venue. “We are on a mission to put easy-to-use…

5 min.
building a better tesla

The talk of November’s Los Angeles Auto Show wasn’t Mercedes-Benz, Porsche, BMW or any of the usual luxury car suspects. Rather, the buzz was created by a little-known electric-vehicle builder, Rivian Automotive, based in Plymouth, Michigan. After nearly ten years of developing electric vehicle technology, the company unveiled its first two battery-powered autos: the R1S, a sevenseat sport utility vehicle, and the R1T pickup truck. Designed for people with active lifestyles, the so-called adventure vehicles exhibit a Range Rover aesthetic—rugged, capable and luxurious—and are packed with the latest high-tech amenities such as internet connectivity and autonomous driver-safety features. “Adventure is life,” gushes Rivian’s CEO and founder R.J. Scaringe, 36. “[Your destination] could be fishing, it could be golfing, it could be taking the family out for lunch.” Scaringe’s love affair with “things…

5 min.
what nicolas cage thinks the world needs to be happy

“It’s an honor to be invited to such a wonderful event by Haruhisa Handa. I respect him for running so many charitable organizations, which support people who have suffered difficulties throughout the course of their lives. His spirit has a positive impact on the world,” U.S. actor Nicolas Cage said at the December 20th opening of the Tokyo Art Foundation Christmas concert and exhibition. Cage’s own career needs little explanation. In 1990, he got his big break in David Lynch’s film “Wild at Heart,” which also became a smash hit in Japan. Five years later at the age of 32, he received an Academy Award for Best Actor for his performance in “Leaving Las Vegas,” and has remained a permanent fixture in the world of entertainment. Cage has starred in several…