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Raj Panjabi Named Recipient of 2017 Skoll Award for Social Entrepreneurship
Having just been named among Fortune magazine's "World's 50 Greatest Leaders," Dr. Raj Panjabi, an Indian American social entrepreneur originally from Liberia, was named the recipient of a 2017 Skoll Award for Social Entrepreneurship.
- Categories
- Uncategorized
- Region
- South Asia
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India’s Fortis Healthcare said to mull buyout of Singapore-listed RHT Health Trust
Fortis Healthcare Ltd, India's second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics, people with knowledge of the matter said.
- Categories
- Health Care, Investing
- Region
- South Asia
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Don’t call her start-up a social enterprise
Just don't call it a social enterprise. It makes Woomentum founder Mouna Aouri, 42, "boil internally".
- Categories
- Uncategorized
- Region
- South Asia
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Cambodian MFIs relax stance on rates cap
Microfinance institutions will not object to an 18 percent cap on interest rates which comes into effect on April 1, a senior official from the Cambodia Microfinance Association said. Association president Hout Ieng Tong said yesterday they would not seek a rise in the rate because the government had considered the issue thoroughly before ordering the cap.
- Categories
- Uncategorized
- Region
- South Asia
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Economy & Nation Defaults rising in MFI loan book post demonetisation
Post demonetisation, the delinquencies in microfinance institutions (MFI) loan books are rising. Ratings agency ICRA recently downgraded its outlook on two prominent MFIs to negative from stable, mainly due to limited currency supply and disruption in borrower cash flows, which hampered overall the collection efficiency of these lenders
- Categories
- Technology
- Region
- South Asia
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Asian Development Bank and Credit Access Asia Sign $32 Million Deal to Improve Financial Inclusion in Asia
The Asian Development Bank signed a €30 million ($32 million) equity investment agreement with CreditAccess Asia, a holding company headquartered in Amsterdam, that operates microfinance institutions across Asia, currently serving approximately 1.8 million customers, 99.8% of whom are women.
- Categories
- Investing
- Region
- South Asia
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Starbucks Debuts Mobile App In India
To many, it was a disturbing notion: why was Starbucks taking so long to bring its wildly successful mobile app to its fastest-growing market, India? Almost every day that went by made people only wonder more just what was going on. New word says that it’s finally landing, though, and bringing with it many of the same features that made the original great.
- Categories
- Technology
- Region
- South Asia
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Samsung Pay beats Apple and Google to launch mobile payments service in India
Samsung has launched its mobile payments service in India.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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