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ASEAN highlights micro enterprises to address poverty
Despite a soaring economic trajectory, the Association of Southeast Asian Nations (ASEAN) is also looking to keep their feet on the ground — particularly through micro, small, and medium enterprises (MSMEs). Members of both the private and public sectors gathered on Friday to discuss how best to develop MSMEs during the ASEAN Prosperity for All Summit at City of Dreams, Manila.
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Thorny Issues Every Social Entrepreneur In India Has To Tackle
Social entrepreneurship is steadily growing popular in India and has caught the attention of many investors. Social entrepreneurs come up with some of the best solutions for a wide range of issues. They may not always help you find the best ways to make huge profit margins, but their sincere approach and positive outlook always prove fruitful for the society’s growth.
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Women’s Economic Empowerment: SEEP Forum to Tackle a Vital Issue of our Time
Women play multifaceted roles in market systems, as smallholder farmers, employees and owners of business enterprises, clients of financial institutions, and unpaid care workers, among many others. That's why the SEEP Network is hosting an international convening on women’s economic empowerment in May that aims to narrow the divide between best practices and informed policy decisions, exploring topics that are emerging as critical constraints to women’s economic empowerment across the globe.
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Remittances to Developing Countries Decline for Second Consecutive Year
Remittances to developing countries fell for a second consecutive year in 2016, a trend not seen in three decades, says the latest edition of the Migration and Development Brief, released today during the World Bank’s Spring Meetings. The Bank estimates that officially recorded remittances to developing countries amounted to $429 billion in 2016, a decline of 2.4 percent over $440 billion in 2015. Global remittances, which include flows to high-income countries, contracted by 1.2 percent to $575 billion in 2016, from $582 billion in 2015.
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Tamil Nadu Govt Plans A $77 Mn VC Fund In Bid To Build The Next Top Tier Startup Hub
“She is a quaint city with quirky street names…She offers global cuisines on roadside carts, Piping hot idlies at the stroke of midnight… Is it denims,dry fruits or spices you want? Books, electronic or musical instruments? Name it and she will let you have it… She is the modernity that villages lack and the tradition long forgotten by cities.” – Source: YourQuote.in
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Agents Beat Mobile? Intriguing Research from MIX on Alternative Delivery Channels in Banking
Many financial service providers look to technology to enable new means of distribution and achieve universal access, but agent banking remains the most commonly deployed alternative delivery channel today – and arguably the most effective. To achieve scale, the authors say, providers should analyze each channel and develop the right strategies for their desired business and social outcomes. A webinar set for Thursday is designed to help.
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Nomura launches fintech partnership in India
As part of its attempts to encourage entrepreneurship in the financial market space, Japanese financial major Nomura has launched its 'Voyager -Nomura FinTech Partnership' in India. The global financial major is inviting entrepreneurs to participate in the program to build innovative solutions for capital markets and investment banking that can be deployed across the firm and financial industry, said a statement issued by the company.
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IMF Brings Down India Forecast Post-Demonetisation
IMF Managing Director Christine Lagarde on Thursday said India growth forecast has been revised down to 7.2 percent for 2017 due to the impact of demonetisation, which had affected the credit lines and repayments situation in rural areas. Addressing a press conference, Ms. Lagarde said, "We had slightly revised down our projection as a result of the demonetization process that had been announced a little bit unexpectedly, actually."
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