Young Business Owners

Gaming entrepreneur gets US$180 million

Here's Charles. A month ago he was set to close his business. This week, he sold it for $180 million. That's why he's smiling...

After six years trying to figure out how to make games on the iPhone, Charles Forman was about to give up, with his company, Omgpop, set to run out of money by this May. Things changes three days ago. He said in an interview with the New York Times on Monday “I had $1,700 in my bank account yesterday, and now I have a whole lot more.”

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YBO ASEAN: The future of Southeast Asian business

YOUNG BUSINESS OWNERS are the key to economic recovery, running businesses that are performing better, with more work in the pipeline and with a greater likelihood of hiring more staff over the next year, according to the latest MYOB Business Monitor.

Meanwhile, amid the rise of China and India to the top table, concerns linger that some Southeast Asian nations may be left behind. With a combined economy bigger than India or South Korea, and total population of over half a billion people (most of whom are young and of working age), ASEAN stands to be an economic force to rival the BRIC economies - China, India, Brazil and Russia.

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