Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Singapore Students Take Young Entrepreneur Title

Singapore Students Take Young Entrepreneur Title at the FedEx Express/Junior Achievement Regional International Trade Challenge

54 Students from Nine Asian Markets Showcase
Their Innovativeness and Insights on International Business

SINGAPORE, August 30, 2012—A pair of teenagers from Singapore claimed the top prize in the FedEx Express/Junior Achievement International Trade Challenge (ITC) regional finals, a three-day competition designed to educate and build entrepreneurship and business skills in young people from Asia-Pacific.

The students, Brennan Foo and Joel Sherard of Anglo-Chinese School (Independent), beat 26 other teams from Hong Kong, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam with an innovative business proposal in response to this year’s challenge — develop a market entry strategy for promoting a product or service that addresses major environmental issues in India.

The team from Singapore developed a comprehensive business plan to launch three eco-tourism resorts that provide a series of environmental conservation activities in India for tourists and companies.

“The ITC is a holistic program which gave us the opportunity to receive business insights from experts,” said Brennan Foo. “We certainly enjoyed the activities, made new friends, and winning first prize at the competition is the best thing that has happened yet.”

“The competition was very intense and everyone worked very hard on their business plans,” said Joel Sherard. “The ITC is a very good program. The judges and FedEx facilitators gave us great feedback that helped us further develop our thinking. We also became close friends with other participating students of the program.”

The second place went to the team from Hong Kong represented by Anthony Jim and Issac Lam of La Salle College. They proposed launching a paper recycling business that turns waste paper into wood products, such as cricket bats, pencils and furniture.

Third-prize winners Alice McFall of Aquinas College and Joel MacManus of Garin College from New Zealand created a business that distributes free portable toilets to low-income families, and pays them for their human waste, which will be re-sold to a factory that manufactures eco-bricks.

This year, 54 students between 15-19 years of age from nine markets across Asia Pacific were selected to represent their markets at the regional finals in Hong Kong after competing at the local challenge in their respective home markets.

“We at FedEx feel strongly that the evolving global economy presents great opportunities for businesses, especially small to mid-sized enterprises (SMEs). One of the most important things that start-ups bring to the marketplace is innovation and that’s one of the reasons why we strongly support entrepreneurship. Through our support of the International Trade Challenge, we have empowered over 6,100 young people in Asia Pacific with the education and skills they need to thrive in the global marketplace,” said David L. Cunningham, Jr., president, FedEx Express Asia Pacific.

“At Junior Achievement, we encourage our young people to dream big and unleash their entrepreneurial potential. The International Trade Challenge provides a springboard to accelerate their business idea onto the international scale, devising an international market entry strategy with the goal of making a difference. JA appreciates the ardent support of FedEx Express and their professional volunteers as the coaching teams during workshops. We are proud to be working with FedEx Express to inspire and prepare our young people to succeed in a global economy,” said Sean Rush, President and CEO, JA Worldwide.

The panel of judges comprising successful entrepreneurs and business leaders evaluated the teams on their business acumen, concept and presentation. The students were measured on their thoroughness, creativity and professionalism in developing and executing their business entry strategy.

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, and JA Worldwide®, the world’s largest nonprofit organization dedicated to inspiring and preparing young people to succeed in a global economy, joined forces to organize the event.

Now in its sixth year, the FedEx/JA ITC has provided more than 6,100 students in Asia Pacific a firsthand experience of world trade; enhanced their knowledge of product distribution, promotion, and sales; and developed traits of competition, teamwork, risk-taking, and self-confidence. This year, over 100 FedEx employees volunteered as mentors or to help students understand the concept of international trade and guide them in the development of their plans. For more information, please visit

Singapore was represented by three teams selected from the local ITC held earlier in July. They comprise of:

1. Yap Jun Yuan and Rusli Yanto, Singapore Polytechnic
3. Daryl Ng and Elias Wee, ACS Independent
5. Brennan Foo and Joel Sherard, ACS Independent
“We are extremely proud of the performance of the Singapore students, especially Brennan and Joel. This is a great recognition of the resourcefulness and intelligence of our Singapore boys. We selected them based on their creativity, in-depth understanding of foreign market, teamwork and ability to communicate their ideas and they have certainly made Singapore proud,” said Clifton Chua, managing director, FedEx Express Singapore.

About FedEx Express

FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $39 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 290,000 team members to remain "absolutely and positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit

About JA Worldwide® (Junior Achievement)

Junior Achievement is the world's largest organization dedicated to inspiring and preparing young people to succeed in a global economy. Through a dedicated volunteer network, Junior Achievement provides in-school and after-school programs for students which focus on three key content areas: work readiness, entrepreneurship, and financial literacy. Today, 127 individual area operations reach more than four million students in the United States, with an additional 5.8 million students served by operations in 123 other countries worldwide. For more information, visit

Note to Editors:

The panel of judges in the grand final of the competition includes:

- Dr. Edmund Lee, Executive Director, Hong Kong Design Centre
- Prof Hugh Thomas, Director, Center for Entrepreneurship, The Chinese University of Hong Kong
- Mr. K.T. Poon, Director (Corporate Communications), The Link Management Limited
- Ms. Viveca Chan, Chairman & CEO, WE Marketing Group
- Mr. Joe Ngai, Managing Partner, Hong Kong, McKinsey & Company Inc.
FedEx Express press releases are available on the World Wide Web at

For further information, please contact:


© Scoop Media

Business Headlines | Sci-Tech Headlines


Auckland Transport: Successful Bridge Repair Opens Two Additional Lanes To Traffic

The opening of two additional lanes on the Auckland Harbour Bridge this morning will help relieve some motorway congestion for motorists heading home to the North Shore tonight. More>>


Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>


Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>


MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>


University Of Auckland: Whale-Watching By Satellite – Follow Their Travels Online

Scientists have successfully attached satellite tracking tags to six New Zealand southern right whales, or tohorā, and are inviting the public to follow the whales’ travels online. Part of a major research project involving the University of Auckland ... More>>

Commerce Commission: Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million

Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More>>

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>


NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>


Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>