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☆ I became CEO of a company that has helped millions of kids read—here's my no. 1 piece of career advice
▼ + stars: | 2024-11-15 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +9 min

Courtesy of Dr. Geetha Murali. Courtesy of Dr. Geetha Murali. "The human being, if given the basics... you are capable of so much more than you really think you are. Dr. Geetha Murali in Vietnam. Courtesy of Dr. Geetha Murali.

Persons: Geetha Murali, ” Murali, CNBC's, Read, Murali, —, Murali's, , wasn't, Michelle Obama, she's Organizations: UNESCO, CNBC, Indian Army, University of California, South Asian Studies, UC Berkeley Locations: New York, East, India, U.S, biostatistics, Berkeley, Vietnam

☆ 'Many dark times': How this startup founder overcame self-doubt and started a $100-million-a-year business
▼ + stars: | 2024-11-13 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +5 min

Jeffrey Tiong, founder and CEO of PatSnap. Courtesy of Jeffrey Tiong. Just ask Jeffrey Tiong. "Let me put it this way: For the last 17 years, building the business, there have been many dark times [and] low times. Courtesy of Jeffrey Tiong.

Persons: Jeffrey Tiong, Tiong Organizations: PatSnap, CNBC, National University of Singapore, The Wharton School, Patsnap Locations: Singapore, Patsnap, East Malaysia, Kota Kinabalu, U.S, Philadelphia, Europe, Asia

☆ This Australian quit her job at 24 and started a business out of her parents' garage—now, it brings in over $100 million a year
▼ + stars: | 2024-11-12 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +9 min

Jane Lu with her parents. Courtesy of Jane Lu. Quitting her corporate job in secretAs Lu realized that she loved running a business, she also began feeling very unhappy in her corporate role. Revealing the secretOver the span of the first two years building Showpo, Lu kept it a secret that she had quit her corporate finance job. "I remember us having half a million dollars sitting in stock, and I was like: 'Okay, worst case scenario, I can sell all of this and start another business,'" Lu said.

Persons: Jane Lu, Lu, Lu didn't, couldn't, Young —, Fat, Jane, I've, I'm, Showpo's, Boye, Showpo, they've Organizations: Showpo, CNBC, KPMG, Ernst Locations: Australia, China, Sydney

☆ Foreign buyers eye Japan's 'empty houses' with millions available for cheap — but experts warn of risks
▼ + stars: | 2024-11-04 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

There are 9 million "akiyas" — empty houses — across Japan, according to official government data as of 2023. These homes, often abandoned and left empty for decades, are scattered across rural areas and big cities, offering a unique opportunity for buyers with creative ideas. Urban migration is another big contributing factor to Japan's abandoned houses. Ultimately, "many Japanese [people] look at akiya as depreciating items that are more trouble than they're worth," Michael, founder of Japan real estate blog Cheap Houses Japan, told CNBC Make It. Six years later, Wormann owns seven akiyas, and works as a full-time content creator and real estate investor in Japan.

Persons: Japan's, Tetsuya Kaneko, Kaneko, Michael, We've, Anton Wormann, Wormann Organizations: Istock, Savills Japan, CNBC, Japan Locations: Japan, New York, Europe, Sweden

But while she was in the hospital, Becky contracted a bone infection that would ultimately require nine arm operations. “I wish I’d make less money so that I can get more benefits, because I’m actually more in debt now.”The challenge of a high deductibleOf all the reasons a family can face medical debt from childbirth, high deductibles are among the most common. “Many workers used to have zero-deductible health care plans, but that’s less true today. “I’m never going to pay off all of our debt, so add on the hospital debt to it. But other changes, like getting rid of deductibles altogether or even instituting universal health care, feel impractical, if not impossible.

Persons: Jessica, “, ” Lauren Crocks, SUI, Becky Munge, Jovie, Becky, Cole, Gavin, Ava, Becky Munge Jovie, ” Becky, “ We’re, we’re, I’m, ”, Adam Gaffney, Wesley Bruce, Ashley Perez’s, Ashley Perez, Ashley Perez Bruce, Perez, ’ ” Perez, “ I’m, they'd, ” Nick Olson, Sanford Health’s, Becker Organizations: Health, SIU, NBC News, Medicaid, Health Care Cost, D.C, Children’s Health, Mayo Clinic, of Illinois, Cambridge Health Alliance, Sanford Health, NBC Locations: Washington, Morton , Illinois, Rochester , Minnesota, Massachusetts

☆ This Stanford professor went to Bhutan to learn about happiness. Here's his No.1 takeaway
▼ + stars: | 2024-10-29 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

What is the key to human happiness? That's one of life's biggest questions and Ron Gutman has dedicated a big part of his career to learning more about the topic. In his quest to learn more about human happiness, he decided to conduct some real-world research. Ron Gutman with local spiritual and religious leader, Khedrupchen Rinpoche, during his October 2024 trip in Bhutan. The key to happiness: simplicitySo, what is the key to human happiness?

Persons: Ron Gutman, Gutman, Khedrupchen Rinpoche, Gutman trekked, Bhutan's, Jigme Singye Wangchuck, King Jigme Khesar Namgyel Organizations: TED, Gross, OECD, CNBC, aha Locations: Kingdom of Bhutan, Bhutan, Bhutan The Kingdom, India, China, King, Paro, There's

☆ Monkeys killed by soil infection at Hong Kong zoo, officials say
▼ + stars: | 2024-10-21 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Hong Kong Reuters —Melioidosis, a bacterial infection, was responsible for killing at least nine monkeys at a Hong Kong zoo, authorities said, as a further two died over the weekend, taking the total to 11 in the past week. Part of the zoo, built in 1860 and the oldest park in Hong Kong, has remained shut since October 14 when authorities reported the first batch of monkey deaths. Autopsies found a large amount of the melioidosis-inducing bacteria in the monkeys organs, which likely came from soil near the monkeys habitat, they said. Visitors look at a buff-cheeked gibbon at Hong Kong Zoological and Botanical Gardens after 11 monkeys died of sepsis following melioidosis infection in the past week, in Hong Kong on October 21, 2024. Tyrone Siu/ReutersKevin Yeung, the city’s culture and tourism minister, told local public broadcaster RTHK that works at the zoo required digging up the soil near where the monkeys lived.

Persons: Hong Kong Reuters —, gibbon, Tyrone Siu, Kevin Yeung, “, ” Organizations: Hong Kong Reuters, Authorities, Hong Kong Zoological, RTHK, Workers Locations: Hong Kong, Hong

☆ I bought a $54,000 abandoned house in Japan and turned it into a luxury Airbnb—take a look inside
▼ + stars: | 2024-10-16 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

Death rates have surpassed birth rates in Japan, contributing to abandoned properties. "Like to create something really, really good that you're very proud of — it just makes me very happy." The property still had belongings of its previous residents, a common occurrence among abandoned properties in Japan. Courtesy of Anton Wormann. Courtesy of Anton Wormann

Persons: Anton Wormann, Anton Wormann Anton Wormann, Wormann, —, Japan's, Tokyo akiya, Anton Wormann's akiya Organizations: CNBC, Tokyo, Wormann Locations: Japan, Sweden, Paris, London, Milan, New York, Tokyo

☆ Grab CEO Anthony Tan gives his no. 1 piece of advice for aspiring entrepreneurs
▼ + stars: | 2024-10-11 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +3 min

Anthony Tan is the co-founder and CEO of Grab. Courtesy ofFrom the outside, it looks like Anthony Tan's got it all — the family, the wealthy upbringing and the success. Tan's advice for aspiring entrepreneursWhen asked for one piece of advice for budding entrepreneurs, Tan said: "It has to be your life calling." Lessons from childhoodTan learned the value of hard work at a young age. I've seen how my parents worked really, really hard nonstop," said Tan.

Persons: Anthony Tan, Anthony Tan's, Tan, Chloe Tong, Tan's, I've, Joe Organizations: Southeast Asia's, CNBC Locations: Southeast, U.S, Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Thailand, Vietnam, Philippines

☆ How I built a $2 billion a year super app called Grab: '20 hour' work days
▼ + stars: | 2024-10-07 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

After the business went public in the U.S. in December 2021, it brought in over $2 billion in revenue in 2023, according to documents reviewed by CNBC Make It. As of 2023, Grab also serves over 35 million customers and provides 13 million gig jobs across eight countries in Southeast Asia. "We both really believed we were very blessed [and] we wanted to serve Southeast Asia." There's no arguing, however, that Grab has shaped the very infrastructure of Southeast Asia. In December 2021, Grab went public and listed on the Nasdaq.

Persons: Anthony Tan didn't, Tan Heng, Tan, Tan's, that's, Ferdinand ] Marcos, Hooi Ling Tan, Anthony Tan, Uber, Dara Khosrowshahi Organizations: Kuala Lumpur Stock Exchange, CNBC, Harvard Business School, Base, Malaysian, Nasdaq Locations: Tan Heng Chew, U.S, Southeast Asia, Philippines, Malaysia, Kuala Lumpur, Chi Minh, Vietnam, Manila, Asia, Southeast

☆ The rise of Grab: How I built a super app that brings in over $2 billion a year
▼ + stars: | 2024-10-06 | by ( Ernestine Siu | ) www.cnbc.com time to read: +1 min

Anthony Tan is the co-founder and CEO of Grab, a "super app" that has built itself into the very infrastructure of eight major Southeast Asian countries. Grab provides day-to-day services, such as ride-hailing, payments and food delivery, to over 35 million users. The company went public on the Nasdaq in 2021 and brought in $2.36 billion in revenue in 2023, according to documents reviewed by CNBC Make It. "In a weird kind of way, I'm grateful because it helped me realize I had no other option but to make it work," Tan said. Watch the video above to learn more about Grab's rise, as well as what the company hopes to accomplish next.

Persons: Anthony Tan, Tan, Uber Organizations: Nasdaq, CNBC, Harvard Business School Locations: Malaysian

☆ I grew my side hustle into a $20,000 a month business — here are 4 tips I have for aspiring entrepreneurs
▼ + stars: | 2024-10-03 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Jean Kang, 32, brings in about $20,000 a month with her business. Growing up in the San Francisco Bay Area, she had always envisioned herself working for a big tech company. Having witnessed the rise of Silicon Valley from her own backyard, she worked hard to land her first tech job. "I was very shocked that I could supplement my take home pay from my tech job, [adding] another $30,000 completely by myself," said Kang. She has also scaled her business by shifting from doing mostly one-on-one coaching to running 5-week group programs.

Persons: Jean Kang, Jean Kang Jean Kang, Kang Organizations: San Francisco Bay Area, CNBC Locations: San Francisco Bay, Silicon Valley

☆ Hong Kong's New World Development shares surge 23% after CEO resigns
▼ + stars: | 2024-09-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Shares of Hong Kong's New World Development surged following the resignation of Adrian Cheng, a member of the founding family. Hong Kong listed shares of the major development company traded 23% higher after trading resumed on Friday. New World's woes come as property pains continue to plague Hong Kong and mainland China.

Persons: Adrian Cheng, Cheng, Eric Ma Siu, Cheung, Alicia Garcia, Herrero, Hong Kong tycoons, China's Organizations: New, Hong, HK, Asia Pacific, CNBC, China's Locations: Hong Kong, China, Natixis, tycoons, Asia

☆ These are the top 10 emerging startups in India in 2024, according to LinkedIn
▼ + stars: | 2024-09-25 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +1 min

Zepto is the top startup to work for in India in 2024, according to LinkedIn. LinkedIn released its seventh annual top startups list for India, showcasing the country's emerging companies based on data from the professional social-networking site. In fact, India has the third-largest startup ecosystem in the world, according to official government site Startup India. In addition, the report noted the number of startups in India rose 71.5% from about 20,000 startups in 2021 to over 34,000 startups 2023. These are the top 10 emerging startups in India, according to LinkedIn:

Persons: Zepto, Lee Organizations: LinkedIn, Startup, Lee Kuan Yew, of Public, National University of Singapore Locations: India, U.S, China

☆ These are the top 10 global talent hubs in the world — and the U.S. isn't one of them
▼ + stars: | 2024-09-24 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +2 min

For the eleventh consecutive year, Switzerland topped the list as the world's most talent-competitive country, according to the IMD 2024 World Talent Ranking, signaling its strong and stable talent pool despite the rapidly changing global work landscape. The ranking measures how economies around the world perform when it comes to sustaining their pool of talent. This data is broken down into three buckets: investment in and development of homegrown talent, appeal (the extent to which a country taps into the overseas talent pool) and readiness (the availability of skills and competencies in the talent pool), according to the report. Switzerland remains at the forefront of talent competitiveness, topping the list since the ranking's inception in 2014. Singapore's steady rise is driven by the readiness of its talent pool, rated as No.

Organizations: IMD, Competitiveness, Switzerland Singapore Locations: Switzerland, Switzerland Singapore Luxembourg Sweden Denmark Iceland Norway Netherlands Hong Kong Austria, Asia, Singapore, Hong Kong, United States, U.S

☆ These are the 3 patterns of the ‘chronically single,’ says breakup expert
▼ + stars: | 2024-09-20 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

The term "chronically single" has gone viral on TikTok with some videos reaching more than 10 million viewers globally. There are two types of single people: single people who are happy being single, and single people who are not happy being single, Amy Chan told CNBC Make It. After experiencing a gut-wrenching breakup in her 20s, Chan set off to change the breakup and dating experience for people everywhere. Today, she works as a relationship and breakup coach, and runs two weekend retreats, called "The Breakup Bootcamp" and "The Dating Bootcamp." They sabotage their relationshipsAnother pattern of the "chronically single" is that they tend to sabotage their relationships, said Chan.

Persons: Amy Chan, you've, Chan, —, They've Organizations: CNBC Locations: TikTok

☆ This 38-year-old is financially independent with passive income. Here's how he built a 7-figure real estate portfolio
▼ + stars: | 2024-09-17 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Shu Matsuo Post, 38, built a $2 million real estate portfolio, according to documents seen by CNBC Make It. Over the course of about seven years, the 38-year-old consistently poured over 50% of his and his wife's dual income into real estate investing. Beginning of real estate investing journeyMatsuo Post's journey toward financial independence was not straightforward. Pivoting his career multiple times, he worked in industries like journalism, retail and technology before entering real estate. "We found real estate and kept talking about it, and then we decided that we can live off of one income," Matsuo Post said.

Persons: Shu Matsuo, Matsuo, it's, Matsuo Post, Christina, I'm, that's Organizations: CNBC, Matsuo Post, FI, YouTube Locations: U.S, Japan, Hong Kong, Minnesota, New York

☆ This 32-year-old cashed out on over $2 million in startup equity—here are five tips on how to negotiate for more shares
▼ + stars: | 2024-09-13 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

Over the course of about 10 years at the company, Vashi worked his way up from an entry-level consultant role to vice president. It all paid off in June 2022, when Anaplan was acquired by private equity company Thoma Bravo at a roughly $10.4 billion valuation. Here are five tips on how to negotiate for more equity at work, according to Vashi:1. "The best way to secure equity compensation is to make yourself extremely important to the company," he said. When it comes to employees, it is "all based on [their] contributions, either actual contributions or expected contributions," Vashi said.

Persons: Bhavik Vashi, Vashi, Anaplan, Thoma, they've Organizations: University of California, CNBC, Thoma Bravo, Asia Pacific, Carta, Employees Locations: Valley, Berkeley, Silicon Valley, Middle East

☆ China expects air travel to hit a record in 2024
▼ + stars: | 2024-08-14 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +1 min

China is expected to see a record-level of passenger air travel in 2024, according to the Civil Aviation Administration of China. China is expecting air passenger travel to hit a record in 2024, bouncing past pre-pandemic levels. In the first half of this year, total passenger trips rose nine percent from the same period in 2019, the State Council added, signaling that China's air travel sector has rebounded from the pandemic. The country's projection for 2024 comes in higher than the 619.6 million air passenger trips seen in 2023, according to data released in June by Chinese officials. Meanwhile, the broader Asia-Pacific region's travel sector has seen growth this year thanks to Chinese tourists.

Persons: Zhiyong Organizations: Civil Aviation Administration of, Civil Aviation Administration, Asia Pacific Summit for Aviation Safety, State, Council, Paris Olympic Games Locations: China, Civil Aviation Administration of China, Japan, South Korea, Singapore, Europe, Asia, Pacific

☆ Here's how much it can cost a family of four to live across 10 major Asian cities
▼ + stars: | 2024-07-26 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +1 min

Living in a major city can come with a hefty price tag, so it's best to be informed before you make that big move. In Asia, Hong Kong and Singapore top the list for cost of living. A family of four can expect to spend an estimated $9,000 a month to live in one of these cities, according to Numbeo, an online database of user-contributed information. Singapore also saw a "rocketing increase" in its housing rentals from 2022, however, prices have begun to stabilize in recent months, said Ma. Here's a broader look at how much it costs for a family of four to live across 10 major cities in Asia, according to data by Numbeo:

Persons: Tracey Ma, APAC, Hong Kong, Ma Organizations: Mercer, CNBC, Singapore's Urban Redevelopment Authority Locations: Asia, Hong Kong, Singapore, Mercer, Hong, Ma, Singapore's

☆ Salary transparency gains steam in Asia as young people share their salaries online
▼ + stars: | 2024-07-25 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

The top driver for pay transparency practices in Asia is "regulation and compliance" (72%) according to a 2024 report by Aon. Currently, the top driver of pay transparency practices in Asia is "regulation and compliance" (72%) according to the report. Jashani is just one of the many young people in Asia who are working on increasing pay transparency in the region. I think our role to advocate for pay transparency is actually [done] through conversation. "I think our role to advocate for pay transparency is actually [done] through conversation," she said.

Persons: Peter Zhang, Zhang, Jashani, I'm, Davekhaw, they'll, Prestine, Aon's Zhang, Peter Zhang Head Organizations: Aon, CNBC, Employers Locations: Asia, United States, California, New York, millennials, Singapore, Instagram, Malaysia, Malay

☆ 'Luxury shame': China's rich shy away from flaunting their wealth amid economic jitters
▼ + stars: | 2024-07-16 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +1 min

China's rich are turning their backs on flaunting their wealth as the economy faces headwinds, putting the country's luxury market under pressure. China's rich are growing more cautious about flaunting their wealth as the economy faces headwinds, putting the country's luxury market under pressure. "Wealthy customers are afraid of being seen as too ostentatious or too showy," Claudia D'Arpizio, partner partner and global head of fashion and luxury at Bain & Company, told CNBC in a separate interview. "We call it luxury shame similarly [to] what happened in the U.S. in 2008-2009," D'Arpizio said. "Even people that can afford to buy these products have less willingness to do so, [in order] not to be seen as really buying or wearing very expensive products."

Persons: Derek Deng, Claudia D'Arpizio, D'Arpizio Organizations: Bain and Company, Bain &, Bain & Company, CNBC Locations: China, U.S

☆ Live Election Updates: Biden to Court Labor as Democrats Struggle for Unity
▼ + stars: | 2024-07-10 | by ( Chris Cameron | ) www.nytimes.com time to read: +8 min

Then, he added, in a clearly insincere display of sympathy toward Mr. Biden, “it’s a shame the way they’re treating him. After talking about his proposal to remove taxes on tips for hospitality workers, he urged Mr. Rubio to vote for it. Mr. Rubio had so far this year appeared infrequently on the campaign trail with Mr. Trump. Instead, Mr. Rubio used his time to echo Mr. Trump’s mocking of Mr. Biden’s debate performance and his frequent attacks that Mr. Biden was not mentally fit to lead the country. Richard Siu, 57, said he liked the idea of Mr. Rubio as Mr. Trump’s running mate.

Persons: Donald J, Trump, Kamala Harris, Biden’s likeliest, Biden, Biden’s, ” Mr, Mr, “, He’s, Harris, Laffin, Kamala ” —, Ms, Joe, Biden “, Trump tauntingly, Trump’s, ”, “ Joe Biden doesn’t, Donald Trump’s, he’s, ” James Singer, “ Donald Trump, —, Harris’s, Hannibal Lecter, Marco Rubio, Rubio, Marco, ” David Kim, Richard Siu, Siu, Simon J, Levien Organizations: Trump, United, Democratic, Mr, Republican National Convention, Advisers, Americans Locations: Florida, Doral, Fla, Miami, U.S, United States, America, Milwaukee, Marco Rubio of Florida, Spanish

☆ This is the most affordable country for expats in 2024, according to a new report
▼ + stars: | 2024-07-08 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +2 min

Vietnam is the most affordable place to live in for expats, according to a report by InterNations. Moving to a foreign country may seem like a pipe dream, but it doesn't have to break the bank. For the fourth consecutive year, Vietnam is the most affordable country in the world for expats, ranking first out of 53 destinations when it comes to personal finances, according to a 2024 InterNations study. Southeast Asia, in particular, stood out with Vietnam, Indonesia, Philippines and Thailand all ranking in the top 10. "Most expats agree that it's easy to find housing, and they are happy with how affordable it is."

Persons: InterNations, Chudoba Organizations: InterNations, Vietnam 2nd, CNBC Locations: Vietnam, expats, Brazil, Malaysia, Vietnam Colombia Indonesia Panama Philippines India Mexico Thailand Brazil China, Southeast Asia, Indonesia, Philippines, Thailand

☆ China faces economic headwinds as it grapples with an aging — and shrinking — population
▼ + stars: | 2024-07-04 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

Fertility rates across OECD countries have halved since 1960, according to a new OECD report. He said the three countries are disproportionately impacted by a rapidly aging population, largely due to improved standards of living, which have a "very strong inverse relationship with fertility rates." These improved conditions have led to a greater opportunity cost for having children, Xu said. Shrinking workforceA decline in fertility rate puts pressure on the economy and the society at large as the working population shrinks. China's policy shiftsIn China, policymakers have been putting a big emphasis on "productivity growth," Xu told CNBC.

Persons: Leren Lu, Darren Tay, Erica Tay, Tianchen Xu, Xu, BMI's Tay, Tay, Maybank's Tay Organizations: OECD, BMI, Risk, United Nations, Economist Intelligence, Economic Co, National Bureau of Statistics, CNBC, Economist Intelligence Unit Locations: China, Asia, South Korea, Japan, East, Southeast Asia, Maybank

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