1 SELECT FEW EMERGING ASIAN ECONOMIES COMFORTABLE WITH FED HIKES WWW.REUTERS.COM PUBLISHED:2018/06/18      2 PUTIN SUPPORTS IDEA OF BUILDING OIL, GAS PIPELINES FROM RUSSIA TO CHINA VIA MONGOLIA WWW.CASPIANBARREL.ORG PUBLISHED:2018/06/18      3 THE BANK OF MONGOLIA IMPOSES CEILING ON DEBT-TO-INCOME RATIO WWW.MONTSAME.MN PUBLISHED:2018/06/18      4 GOOGLE TO INVEST $550 MILLION IN CHINESE E-COMMERCE GIANT JD.COM WWW.REUTERS.COM PUBLISHED:2018/06/18      5 #1218166: THIS CHINESE HACKING GROUP PWNED A BUNCH OF MONGOLIAN GOVERNMENT SITES WWW.BRICA.DE PUBLISHED:2018/06/18      6 RUSSIAN RAIL OPTION OPENS UP FOR ASPIRE COAL WWW.THEWEST.COM.AU PUBLISHED:2018/06/18      7 MONGOLIA’S PRESIDENT, A FORMER MARTIAL-ARTS CHAMPION, WRESTLES WITH SOME MAJOR PROBLEMS WWW.WASHINGTONPOST.COM PUBLISHED:2018/06/18      8 INDIA, CHINA LOOK TO FORM ‘OIL BUYERS CLUB’ WWW.RT.COM PUBLISHED:2018/06/18      9 TAX-FREE SUPPLY TO EU COUNTRIES AVAILABLE WWW.MONTSAME.MN PUBLISHED:2018/06/15      10 ARNAUD SOIRAT: OT AGREEMENTS ARE NOT RENEGOTIABLE (PART 2) WWW.ZGM.MN PUBLISHED:2018/06/15      “САМСУНГ” КОМПАНИ 2020 ОН ГЭХЭД СЭРГЭЭГДЭХ ЭРЧИМ ХҮЧНИЙ ЭХ ҮҮСВЭРТ ХОЛБОГДОНО WWW.MNB.MN НИЙТЭЛСЭН:2018/06/18     “RIO TINTO” ГРУПП "KOODAIDERI" ТӨСЛИЙНХӨӨ ТӨЛӨВЛӨГӨӨГ ТАНИЛЦУУЛАХ ТӨЛӨВТЭЙ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/06/18     ЛАОС УЛС МОНГОЛООС ХОНИНЫ МАХ, МОНГОЛ УЛС ЛАОСООС ЦАГААН БУДАА ИМПОРТЛОХЫГ СОНИРХОЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/06/18     АВСТРАЛИЙН SBS РАДИО МОНГОЛ ХЭЛЭЭР ХӨТӨЛБӨРҮҮД НЭВТРҮҮЛЖ ЭХЭЛЖЭЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/06/18     АРНАУД СУАРАТ: “ОЮУТОЛГОЙ”-Н ГЭРЭЭ БОЛ БИДНИЙ ХӨРӨНГӨ ОРУУЛАЛТЫН СУУРЬ WWW.ZGM.MN НИЙТЭЛСЭН:2018/06/18     ЗҮҮН ХОЙД АЗИЙН БҮС НУТГИЙН 6 УЛСЫН 18 ХОТЫН ТӨЛӨӨЛӨГЧИД ЧУУЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/06/18     Ц.БАТСҮХ: АРИЛЖААНЫ БАНКНУУДЫН БИЗНЕСИЙН ЗЭЭЛИЙГ НЭМЭГДҮҮЛЭХ НӨХЦӨЛ БҮРДЭЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/06/18     ХААБ: НООЛУУРЫН ХАНШ ЖИЛИЙН ХУГАЦААНД 50-60 ХУВИАР ӨССӨН BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/06/18     МӨНГӨНИЙ БОДЛОГЫН ХҮҮГ 10 ХУВЬД ХАДГАЛАХААР БОЛЛОО WWW.DNN.MN НИЙТЭЛСЭН:2018/06/15     “ЭХ ОРНЫХОО АЛТЫГ ЭРДЭНЭСИЙН САНДАА” АЯНЫ НЭЭЛТИЙГ ОРОН НУТАГТ ХИЙЛЭЭ WWW.UNEN.MN НИЙТЭЛСЭН:2018/06/15    

New Asian companies find success with a regional focus www.asia.nikkei.com

TOKYO/MANILA -- In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."

One reason for this is that some problems that startups aim to solve are common to the region. A business model or product that addresses such a challenge has a large, ready-made market at hand, potentially creating the next Asian unicorn.

Philippine startup Salt is a great example. Salt -- short for "sustainable alternative lighting" -- found itself in the spotlight when co-founder Aisa Mijeno shared the stage with former U.S. President Barack Obama and Alibaba Group Holding Chairman Jack Ma Yun at the 2015 Asia-Pacific Economic Cooperation meeting in Manila.

The company makes lamps that use saltwater as the catalyst for a fuel cell, instead of the kerosene that fuels lamps across Southeast Asia in areas without electricity. Mijeno came up with the idea for a saltwater lamp after living with a remote tribe in Kalinga, in the northern Philippines. During her monthlong stay with the Butbut, Mijeno learned that people had to walk at least six hours to the nearest town to buy kerosene.

Enter Salt's lamp, which, the company says, can last six months when used eight hours a day and maintained properly.

"We were trying to determine what the staple items in every household in the Philippines were, and we found out that there are actually three staple items: salt, water and rice. That's the main reason we used salt water as the catalyst ... to generate electricity," Mijeno told the Nikkei Asian Review in an interview last year.

The company was founded in 2014 when it joined Ideaspace Foundation, an incubator that helps fund and develop innovations with commercial potential. Salt was selected by Ideaspace as one of the year's top-10 projects and used its prize money to start working on a prototype. It has since delivered over a thousand lamps to remote communities in the Philippines, and partnered with a local manufacturer to begin mass production.

Fashion for the faithful

For Diajeng Lestari in Indonesia, the "problem" that needed addressing was helping Muslim women express their fashion sense while maintaining their modesty. This led her to create Hijup in 2011, a pioneering Islamic fashion website. The online shopping mall offers clothing and accessories aimed mainly at Muslim women.

Hijup is short for "hijab-up," as in make up or dress up. The hijab is the headscarf worn by some Muslim women.



Published Date:2017-04-21