MAP creates $680k fund for ‘EMERGE’ job generation project in PH

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Seeking to assist the “entrepreneurial poor”, members of the Management Association of the Philippines (MAP) are raising an initial P30 million ($680,000) to fund the newly-launched Educated Marginalized Entrepreneurs Resource Generation (EMERGE) program.

During the program’s formal launch on Tuesday in Makati City, MAP president Francisco del Rosario Jr said the fund’s balance will be sourced through a bank loan.

“[The fund] will be created to finance the equity requirements of proposed project or business,” Del Rosario said, noting the Emerge program has three key components which are funding, mentoring, and values formation.

It will tap leaders (active or retired) of Philippine companies, from academic background, civil society, and government who want to provide free expert assistance in business management, especially in the areas that are critical to the profitability and sustainability of the project or business.

“The goal is to achieve inclusive growth in the focus of job creation. It aims to assist the entrepreneurial poor who are high school graduates with technical or vocational training or skills, the retired government employees, families of uninformed services and the returning OFWs (overseas Filipino workers) who would like to go into projects or businesses,” Del Rosario said.

MAP identified agribusiness, tourism, infrastructure, BPO or business process outsourcing, and food and beverage as the sectors that have high potential for job generation.

MAP also said the partners-in-mission will come from major Philippine corporations, financial institutions, joint foreign chambers, Church, education, foundations, embassies, multilateral and bilateral agencies, and government agencies,

“Let us make our current economic growth as a nation trickle down to the poor by focusing on job creation,” De Rosario said. “To help eradicate poverty we need an inclusive growth program that is focused on job creation.”

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.