Taiwan once again leads Asia in a ranking of continent’s leading entrepreneurs

October 30, 2013 Leave a comment

Taiwan tops ranking of continent’s leading entrepreneurs

CNA
October 30, 2013, 12:18 am TWN

TAIPEI — Taiwan once again leads Asia in a ranking recently published by the Global Entrepreneurship and Development Institute, the Council for Economic Planning and Development said yesterday. According to the initial results published in September by the Washington-based institute, Taiwan takes seventh place in the 2014 Global Entrepreneurship and Development Index.The ranking represents an improvement of two places from the 2013 results, the council said, and is the highest in Asia.

The United States dominates the 2014 index, followed by Canada, Australia, Sweden, Denmark and Switzerland.

The index, first compiled for 2011, covers 121 countries for the 2014 results, and Taiwan has been ranked among the top 10 countries after being included since the second year, the council noted.

Singapore is the second highest ranked Asian country on the index, placed at 11th, while South Korea, Hong Kong, Japan and China are in 33rd, 35th, 36th and 47th places, respectively.

Details of each country’s scores in the 14 indicators of the index will not be released until next year, the council said.

Citing the detailed results for 2013, which were released last June, the council said Taiwan performed best in the category of development of new products, receiving the highest score in the world.

On the other hand, it placed lowest — 49th — in the degree of competition category, as the Taiwanese businessmen surveyed by the institute said they faced tough competition in the local market, the council added.

The institute said on its website that “the index was created to provide a more complete understanding of economic development by capturing the contextual nature of business formation, expansion and growth.”

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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