In November 2018 Forbes Asia‘s 12th annual philanthropy issue honored a total of 40 generous people or families from Australia, Hong Kong and 13 Asian countries. I wrote about Malee Tangsin, 90, Chairwoman of Bangkok’s Ramada Plaza Menam Riverside Hotel. She and her family foundation have supported 450 boys while they attended high school in Bangkok. The photo shows the current three “classes,” most of whom are from Hmong or Akha hill tribe villages. More here.
This story appeared in the August 2018 issue of Forbes Asia as “Riverboat Queens.”
By Susan Cunningham
Supapan Pichaironarongsongkram is explaining the art of managing the tough men who operate her 90-strong fleet of ferries, commuter boats and charters that ply Bangkok’s Chao Phraya River. “When you work with men, you don’t work as a woman and a man. A man will always look down on a woman. They probably don’t think I know much. I go to them as a friend or mother. I protect them. If they know that, they will trust me. They know they will never lose a job. We work through generations of trust.”
Supapan, 73, represents the third generation of women at the helm of Supatra & Chao Phraya Express Boat Group. Her grandmother started the ferry service roughly a century ago–the exact year is unknown–and when she died in 1931, Supapan’s mother took over at age 20 (see Thailand’s Supatra Dynasty – 4 Generations Of Women Running The Chao Phraya River). Today the group comprises ten companies and 600 employees, and the fourth generation is getting ready to take over. Supapan’s 32-year-old daughter, Natapree, better known as Pim, has been building the group’s advertising sales, hotel and real estate businesses for the past six years.
Supapan is petite, soft-spoken and impeccably groomed. If she hadn’t felt a sense of responsibility to carry on the family business, she would have followed a more genteel line of work, perhaps using her French degree or pursuing a career as a pianist. But, says Pim, her only child, her mother’s benign appearance is deceptive: “She works six days a week. She doesn’t have an engineering degree, but she knows all the specifications of the boats, the materials, the buoyancy required for the boats to float, the width of the river, the depth of the river. She will act like she doesn’t know much, but she knows everything. You cannot mess with her.” MORE
By Susan Cunningham
This story appears in the March 2018 issue of Forbes Asia as “Up for Grabs”
When Grab closed a $2.5 billion fundraising round in January, the valuation of the ride-hailing company not only rose north of $6 billion, according to Pitchbook. It also lifted cofounder Anthony Tan onto the list of Malaysia’s 50 richest. He debuts with an estimated net worth of $300 million. Led by SoftBank and Didi Chuxing, the investment was Southeast Asia’s biggest single venture-capital fundraising round ever. Other investors include Hyundai Motor and Toyota Tsusho.
Tan, 36, the startup’s chief executive, could have enjoyed a cushy ride with his family’s auto-sales business, run by his father, Tan Heng Chew, and two uncles. (Heng Chew and his brothers made the list the last five years before falling off this year.) But six years ago he teamed up with a Harvard Business School classmate, Tan Hooi Ling (no relation), to launch a taxi-hailing application in their home city of Kuala Lumpur. They first called it MyTeksi.
Myanmar and Cambodia
With eight investment rounds under its belt, Grab has branched out into services for private cars, motorcycle taxis, carpooling and goods delivery while making an ever increasing investment in mobile-software research and development. It offers transportation services in 168 cities in eight Southeast Asian countries, having added Cambodia and Myanmar in 2017. Continue reading
By Susan Cunningham
This story appears in the September 2015 issue of Forbes Asia.
After a 7.8 Richter scale earthquake rocked central Nepal on April 25, Binod K. Chaudhary and two of his sons rushed from Chitwan National Park to Kathmandu to organize relief efforts. The company’s head office was heavily damaged, but no matter. He immediately ordered that eight schools operated by one of his businesses be turned into shelters, distributing the company’s famed Wai Wai instant noodles and other food, as well as juice, water and medical supplies. He also arranged for health care workers to reach victims in the 12 districts most severely hit by the country’s worst natural disaster in 81 years.
The quake killed more than 8,600 in Nepal, displaced 450,000, triggered fatal avalanches on Mount Everest, and severely damaged centuries-old historic buildings including the palace squares of Kathmandu, Bhaktapur and Patan.
Since then Nepal’s first billionaire has pledged $2.5 million through his Chaudhary Foundation to restore schools and homes destroyed or damaged by the quake. The foundation will bear all the costs of building 1,000 transitional bamboo-and-plaster homes and is working with other donors to construct another 9,000. MORE
By Susan Cunningham
(This story appears in the March 2017 issue of Forbes Asia).
Patrick Y-Kin Grove is leaning against the pool table in Catcha Group’s headquarters in the Mid Valley mall-lands of Kuala Lumpur. The Internet pioneer has started company after company, but today he’s doing something different–he’s plugging a local tailor shop. “I’ve worn a suit twice in the past five years,” he jokes in his raspy voice as staffers look on. “To get married … and divorced.”
He was getting an award at a gala dinner that night, but he had left his only suit at his second home in Singapore. A call to the tailor produced an offer: Tape a promotional video for the shop and a bespoke suit would be his for free. So here he was, being asked by a cameraman to describe himself. “I’m proudly from Southeast Asia,” Grove says. “I split my life into two halves: before 24 years old and everything after–when I became an entrepreneur.” And his life goal? “I want to create a great company that goes global and disrupts an entire industry.”
The company is two-year-old Iflix. The industry is subscription video-on-demand. Grove is targeting developing countries, and Iflix, part of his Catcha Group, is now operating in Malaysia, Indonesia, Thailand, the Philippines and elsewhere. Iflix offers unlimited viewing of 20,000 hours’ worth of movies and television shows, available any time of day, for a monthly fee roughly equal to the price of a pirated DVD. That’s usually between $2 and $3, depending on the country. The content comes from more than 100 studios and distributors, including Disney, Paramount, the BBC and Media Prima, and MORE
By Susan Cunningham
The more I learn about the plight of Rohingya, the stateless people of northwestern Myanmar, the more I think that foreign diplomats and op-ed writers may be wrong to be pushing the citizenship plank now. Perhaps there are more urgent priorities.
I have been reading and thinking about this since I talked recently with Lilianne Fan, a research fellow with the Humanitarian Policy Group of Britain’s Overseas Development Institute (ODI) think tank. She had just returned from her second visit to the four camps in Aceh State, Indonesia, which are sheltering nearly 2,000 Myanmar Rohingya and Bangladeshis that were rescued in late May from three boats abandoned by traffickers.
On one boat the 600-plus survivors had been adrift for more than two months and another 100 people had been killed in fighting among the passengers. She is a co-founder of the Geutanyue Foundation, an Aceh NGO that is among the many large and small organizations providing aid to the boat people. She has been visiting Myanmar, including Rakhine State, since the Cyclone Nargis disaster in 2008 … MORE
By Susan J. Cunningham
This story appears in the March 2015 issue of Forbes Asia as “Hailing Taxis, Building a Business”
When Anthony Tan graduated from Harvard Business School in 2011, he was expected to rejoin his two older brothers at the family firm, Tan Chong Motors. Instead, the youngest Tan, now 33, decided to strike out on his own with a mobile taxi app developed for a school business-plan contest. His mother was one of the original angel investors; his father, Tan Heng Chew (No. 16 on the richest Malaysians list), wasn’t. The apple didn’t fall too far from the tree, though. Anthony says he was inspired by his entrepreneurial grandfather, Tan Yuet Foh, who was a Kuala Lumpur taxi driver before building the multinational auto sales-and-assembly empire.
Tan’s GrabTaxi wasn’t the first mobile hailing app untethered to a specific taxi company. But the concept was novel in Kuala Lumpur and Johor Bahru when Tan launched what was then called MyTeksi in June 2012. For passengers the free smartphone app enables them to hail a cab from any taxi company, regardless of their location, as well as see the identity of their driver, the route to their destination and the estimated fare. For taxi drivers the app not only earns them an extra fee (the equivalent of 28 U.S. cents for each fare in Kuala Lumpur), but also saves them from wasting gas and … MORE