Showing posts with label About. Show all posts
Showing posts with label About. Show all posts

About of Cheng Yu-Tung

Thursday, 27 February 2014

Dato' Dr. Cheng Yu-Tung, (DPMS, LLD (Hon), DBA(Hon), DSSC(Hon), GBM), was born on 26-Aug-1925 at Lunjiao, Shunde, Guangdong. He started his career as a jeweler in 1940 and married in 1942 to his employer's daughter Chow Tsui-ying and together they have four children. Two of them are Henry Cheng and Cheng Ka-shing. He also has a 32-year-old grandson, Adrian Cheng, who is set to inherit his business empire as the joint general manager and a 31-year old granddaughter, Sonia Cheng, who has been appointed as executive director. He moved to Hong Kong in 1946 to open a shop in the British colony.

Cheng Yu-tung is an Asian businessman who has a net worth of $17.7 billion. That net worth makes him one of the richest people in Hong Kong. He has an extensive and varied business interests around the world, ranging from Jewellery, real estate and hotels through to infrastructure development and other operations under New World Development Group. He in his own words - "In the face of challenging economic and market conditions of the past 12 months, our diversified portfolio of multiple earnings streams has served us well."

He's best known in the U.S. as the erstwhile partner in the 1990s of Donald Trump in Riverside South, the big development project on Manhattan's West Side that ended up with a lawsuit (later dismissed) by the Donald against Cheng.

Mr. Cheng demands his employees, many of whom have been with the company for decades, gather for lunch in the company's simple canteen, just as he did as an apprentice. Employees are assigned a time and place at one of three tables, and served traditional Cantonese dishes like steamed fish and stir-fried vegetables cooked by the company's in-house chef and placed family-style in the middle of the table. "At the canteen, he'll sit next to you and speak very casually. He's down-to-earth, not the kind of executive that expects to be worshiped," said Albert Cheng, managing director for the Far East at the World Gold Council.

One economic slowdown - Man in his own words "While the uncertainties that the economic climate holds are a challenge for all companies, we are confident that by drawing from the strengths of our people, as well as on our core values of quality, initiative, trust and creativity, we will maintain our focus and strategic direction. The Group is well positioned to meet the challenges ahead and will as ever continue to pursue higher growth. "

At age 88 he is ailing–reported to have had a stroke in 2012 and no longer active in his varied companies. He announced his retirement in early 2012. Primary duties fell two years ago to his equally press-shy elder son Henry, 66, with a third generation emerging more publicly.

Image Source: Cheng Yu-Tung
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The Colossal Success of Henry Sy: Cobbler Turned Retail Tycoon

Thursday, 13 February 2014

The Colossal Success of Henry Sy: Cobbler Turned Retail Tycoon

"There is no such thing as overnight success or easy money. If you fail, do not be discouraged; try again. When you do well, do not change your ways." – Henry Sy

 
Henry Sy is the richest man in the country and has been for six straight years. The founder of SM Group has an estimated $13 billion in assets spread over a variety of industries including retail, banking, hospitality, education, healthcare, and mining.

Blessing in Disguise
Sy came to the country from China at the tender age of 12. He helped his father run a sari-sari store at Echague in Quiap. It was during this time that young Henry learned the true meaning of hard work and how it pays off. As a boy, Sy showed an aptitude for business and an acute awareness of the need to fill market needs. He helped the family-owned store earn more by applying the concept of tingi, which turned out to be a hit to customers.

These early years, however, marked a monumental event in the boy’s life. It was a time of war and there was an incident when Henry was hit with a shrapnel while he was selling. Fortunately, a good friend came to the rescue, taking him to the hospital using only a kariton. Henry never forgot the help and treasured the friendship. At the onset of his road to success, he made the said friend a partner in his first shoe store and the partnership lasted for more than 40 years.

 


Being Unique
In his early 50s, Sy found more ways to increase his income. By this time, he is already managing three shoe stores where he sells imported American shoes in partnership with friends. Henry started to study the market and felt that he needed to do something different. He was already selling shoes and other leather goods but he wants the market to look at the shoe business in a different way. He decided to go to the East Coast and stayed there for a long time. When he came back, he was brimming with a lot of ideas.

Henry opened the first air-conditioned shoe store in the country and called it Shoe Mart, or SM for short. He wanted to built a unique shopping environment where everything appears inviting and at the same time relaxing. It came to a point when he was able to open more stores, but then, suppliers became a problem. Suppliers initially weren’t supportive of Henry’s idea for a specialised shoe store, but this didn’t deter Sy from realizing his ideas.

Faced with a road block, the tenacious businessman that he is looked for another route. Sy then ventured into selling apparels and other merchandise, with the help of his wife.

Today, every Filipino knows that SM Malls are the ultimate place to find anything you need. The brand Henry founded has become a household name in the Philippines.

 


Timely Investment
The construction of the first-ever SM Mall started in1983, a time of crisis for the country. The Phiilippines was in the midst of a debt moratorium and hyperinflation—as it was around this time when Senator Ninoy Aquino was assassinated.

A lot of finance giants predicted Sy’s loss. Being a firm believer of wise saving and investment, he never doubted that it is his time. He pursued with the construction and in 1985, launched the first SM Mall. It had a department store, a supermarket, and a handful of tenants. It was an economically problematic time, but the employees were influenced by Sy’s optimism—and there is no Filipino today who isn’t aware how this story turns out.

 
Seeking Opportunities
Henry Sy’s story teaches a valuable lesson about how problems can be turned into golden opportunities. When he was hit by the shrapnel as a boy, he treasured the friendship and built his first business with the same friend. When he can’t afford to further his studies, Sy went to different places and found learning elsewhere. When he was deprived because people didn’t believe in his ideas, he innovated and made full use of what he had.

The 89 year-old businessman’s rag-to-riches story is well known in the country, where almost every major city houses an SM mall. Henry Sy is the embodiment of determination, discipline, wise-saving, and investments—values that enabled him to reach success. Sy remains a huge influence and inspiration to the Filipino people today and for years to come.

 
About the Author
This article was contributed by Mark Yasay of MoneyMax, Philippines leading comparison website. This portal helps individuals in saving money by comparing credit cards, personal loans, insurance and broadband plans.

 
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How Manny Pacquiao Changed the Way Filipinos View Boxing

Monday, 27 January 2014

How Manny Pacquiao Changed the Way Filipinos View Boxing Manny Pacquiao’s life has been tagged as one of the most popular rags-to-riches stories in the Philippines. Among others are those of Henry Sy, John Gokongwei and of a lot other successful entrepreneurs today. But, Manny Pacquiao is unique because he didn’t start his career as a businessman, but as a full-blown boxer.

From Rags to Riches

Most of Pacquiao’s life was spent in poverty. He used to sell doughnuts in the streets. He also started young. His first boxing fight was when he was 12 and he won less than a hundred of pesos in that fight. He gave his mother the money to buy rice.

He began to box professionally at the age of 16. He won a lot of fights and earned international fame when he won against American boxer Oscar De La Hoya in 2008 and England’s Ricky Hatton in 2009. He turned into a worldwide sensation overnight. Since then, nearly all Filipinos—and plenty of boxing fans from all over the globe—tune into the tube every time a televised broadcast of his fight plays out. Pacquiao has long been recognised as one of the world’s finest boxers, receiving various titles such as “Fighter of the Decade” for the 2000s decade. Now, he has already claimed world titles in seven different weight divisions, a first in the boxing history of the Philippines. During his career, he won 53 out of 61 matches with two draws.

PacMan on Money

Pacquiao literally lives like a king, with a bevy of assistants, chaperones, and other paid employees. According to a report, Pacquiao earned USD223 million or PHP 89 billion on pay-per-views alone, since his first talked-about fight in 2006 against the Mexican boxer, Eric Morales.

According to Forbes magazine, Pacquiao's lifetime earnings surpassed the USD300 million mark with his recent fight against Brandon Rios in Macau. With that much money, you could feed an entire barangay in ten lifetimes, send a lot of children to school, or even rebuild the whole region of Yolanda-devastated provinces. That’s how much money the Pacman makes.

Because of Pacquiao, Filipinos have changed their views on boxing, from being relegated to a mere brawl or fight inside the ring into being a good money-making career choice. More young Filipinos today are training for, and starting, a career in boxing, dreaming that one day, their success will also help get their families out of poverty.

The PacMan’s Wide-Reaching Influence

Aside from his boxing career, he produced a number of films, and albums starring himself, and is now active in politics and religion. You could say he really is influential.

As a boxer, Manny is undoubtedly popular and successful in every sense of the word. Everyone in the planet knows him, even the superstars in the other fields are self-proclaimed fans. As a public servant, Sarangani Representative Manny Pacquiao has held a seat in the Congress of the Philippines since May 2010. As part of the entertainment industry, he also produced and starred in movies that made him into a media’s darling. Now, his controversial change in religion and lifestyle, where he does bible-reading and preaches to large crowds in venues like the Araneta Coliseum, is only adding to his social cache.

Pacquiao was part of the TIME magazine’s annual list of influential people—he is, in fact, the first Filipino to make it on the list, back in 2009. He ranked #22 on the list—one that included Barack Obama, Oprah Winfrey, and the Dalai Lama.

Pacquiao is now one of the highest-paid boxing fighters with more than billions to his name and the pride of his countrymen at his back. He’s proof that with sheer dedication, perseverance in your craft, and hard, hard work—along with a little luck along the way—often pays you back tons in the end.


About the Author

This article was contributed by Mark Yasay of MoneyMax, Philippines leading comparison website. This portal helps individuals in saving money by comparing credit cards, personal loans, insurance and broadband plans.

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About/Life/Biography of Albert Einstein

Wednesday, 26 June 2013

Albert Einstein, the first child of Hermann and Pauline Einstein, was born in 1879 in Germany. Albert Einstein was not able to frame the sentence till the age of 9. He was a drop out student. He used to play violin and love music. Albert Einstein started his career as a patent clerk. Though he had poor memory during childhood days, he grown up to become the famous scientist and great mathematician.


The first formula he discovered was the Brownian Motion Formula. This formula explains the movement of particles in fluids. At first, many doubted this formula, but after further experimentation, Einstein proved to be correct. Isaac Newton’s theory of gravitation was famous and was not questioned till the time of Albert Einstein. Albert Einstein in 1905 came up with his Special Theory of Relativity which shocked the world. He continued the research and in 1915 published his General Theory of Relativity.

Apart from these wonderful inventions, theory of photoelectric effect and his formula E=MC2 are also one of the most popular discoveries of Albert Einstein. Later, he discovered the Quantum Nature of the Photoelectric Effect. He made this discovery while experimenting with light, particles, and specific energy. In 1905, he proposed that the incident light consisted of photons that interact with electrons.  His proposal of this theory was not proved correct until 10 years later. Nobel Prize was awarded to Albert Einstein for his contribution and work with photoelectric effect.

Albert Einstein married twice one on 6th Jan 1903 and second on 2nd June, 1919. He got divorced from his first wife on 14th Feb 1919. From his first wife Albert had three children and from second wife two children.

Albert Einstein first marriage
Mileva Maric and Albert Einstein fall in love while studying medicine in Swiss Federal Institute of Technology (ETH) then called as prestigious Zurich Polytechnic. He used to call her Dollie while she called him Johnny. Frequent meetings and talks slowly grown into love affair. Though Mileva parents were fine with the affair, problems from Albert's parents were many. However the love was such that it was difficult to make them inseparable. They got married in 1903.

Though retired, he continued to work till his last days. He was admitted to hospital three days prior to his death as he was suffering from chest pain. He died on 18th April, 1955 early morning.

Last Updated on 13th July 2013
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About of Winston Churchill

Saturday, 2 March 2013


Sir Winston Leonard Spencer Churchill, the British Prime Minister, is best known for his contribution and leadership during World War 2. His sharp wit and uncompromising resilience has impressed generation of all ages across the globe. In this post I have penned down the life of Winston Churchill.

Birth of Sir Winston Leonard Spencer Churchill

Winston Churchill was born on 30th Nov, 1874. He was born at the stately home of his father in Blenheim Palace, Woodstock, Oxfordshire. He was two months premature baby. His mother name was Jeanette Jerome ("Jennie") and father name was Lord Randolph Churchill (politician by profession, who was born on 13th Feb, 1849).

Childhood of Sir Winston Leonard Spencer Churchill

Winston Churchill was neither close to his mother nor to his father. He was more close to Elizabeth Anne Everest, his nanny. He used to call his nanny an old woom. Churchill's nickname was 'Winnie'. As a boy Winston collected stamps from all over the world, given to him by his father.

School and College of Sir Winston Leonard Spencer Churchill

Winston started schooling at St. George’s School, Ascot. From 1884-1888, Winston attended The Misses Thompson’s Preparatory School where he learned things that interested him such as French, history, poetry, riding a horse and swimming. He entered Harrow School on 17th April, 1888. Academic wise, Churchill, was not the smart kid. He was considered in the bottom half of class and examination. He failed two times in the entrance examination for Sandhurst Military Academy.

Marriage & Children of Sir Winston Leonard Spencer Churchill

Winston Churchill married love of his life Clementine Ogilvy Hozier on 12th Sep, 1908. They had five children, four daughters (Diana Churchill, Sarah Churchill, Marigold Frances, Mary Churchill) and one son (Randolph Frederick Edward Churchill).

Career of Sir Winston Leonard Spencer Churchill

He was appointed as a cornet in the British military and became a Second-Lieutenant in the 4th Queen’s Own Hussars. He was one of the greatest politicians of the United Kingdom who went on to become the Prime Minister of the country in 1940, serving till 1945 and again from 1951 to 1955. Winston enjoyed an exceptional success in his political life from the very beginning and held many important positions such as President of the Board of Trade, Home Secretary and First Lord of the Admiralty in the Asquith Liberal government.

Winston becomes involved with the Malakand Field force fighting local tribesmen on the North west frontier. Sir Winston stood for Parliament from Oldham and this time he won the seat for Oldham as the Conservative MP. He became the member of Conservative Party. He took his seat in the House of Commons for the first time on Jan. 23, 1901. Winston Churchill was made First Lord of the Admiralty in 1911. In this role, Churchill set about modernizing Britain’s battleships. The Anglo-Irish Treaty was signed by Winston Churchill which replaced Third Home Rule Bill and the Ireland Act and would result in a much more independent South Ireland, or Irish Free State as the new country was called. He was named "Man of the Year" by Time's Magazine. He was named "Man of the Half Century" by Time's Magazine.

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Artist Side of Sir Winston Leonard Spencer Churchill

Sir Winston wrote about 20 books and various speeches and other papers. His first book was, "The Story of the Malakand Field Force," He was the winner of the Nobel Prize in Literature. Early in his writing career he was often mistaken for the American novelist whose name was also Winston Churchill. Churchill wrote to his American counterpart, and told him he was thereafter going to sign all his published works 'Winston Spencer Churchill' to avoid confusion. The two actually met in Boston in 1899 and became fast friends.

He was not only a great writer but also an amazing painter, speaker and influential person as a whole. He had published almost 600 paintings in his lifetime. Churchill spent much of his time between 1931 and 1935 at his home, Chartwell, in Kent. He was an enthusiastic amateur mason and built garden walls and a swimming pool.

Comedy Side of Sir Winston Leonard Spencer Churchill

Nancy Astor once said to Churchill, "If I was your wife I'd poison your coffee!" He replied, "If I was your husband I'd drink it."

"Battling Bessie Braddock", fiery Labour MP from Liverpool once said to Churchill, "Winston, you're drunk!" To which he replied, "Bessie, you're ugly, but in the morning I shall be sober."

Last Days of Sir Winston Leonard Spencer Churchill

In 1962, he fell while getting out of bed in Monte Carlo and fractured his left thigh. Although hospitalized in England for almost two months, the 87-year-old statesman flashed the V-for-victory sign as he returned to his home in late August. Winston Churchill died on Sunday, 24th Jan 1965 at the age of 91 years. Cause of death was stroke. He rested in peace in London, England. He died on the exact same day as his father 70 years earlier in 1965.

Churchill’s state funeral was massive. 350 million people watched on television and 112 nations sent representatives to St Paul’s Cathedral. Churchill is buried at St Martin’s Church, Bladon.

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