PH students win in int'l trade tilt in HK
MANILA - Two high school students from the Philippines bagged the 1st place award in the FedEx- Junior Achievement International Trade Challenge held on August 19 to 22, 2013 in Hong Kong.
Pamela Frances T. Gaw and Katrina L. Chan, representing Immaculate Concepcion Academy Greenhills, were awarded the title of Entrepreneur of the Year during the three-day competition.
The Philippine Team impressed the panel of judges with their innovative business proposal in response to this year's challenge. The finalists were tasked with addressing the global issue of recycling materials by developing a new innovative product or service for the Argentinian market using reused jeans.
The Philippine team came up with the concept of Eco-Gear, a set of recycled, durable and affordable sports equipment, including goalie gloves, a soccer ball and shin guards, targeting the soccer-loving Argentinians.
"We feel so fortunate to have been given the opportunity to participate in and win the ITC program," said Team Philippines. "Everyone worked very hard during the competition and our team also had sleepless nights. I am happy with what we have achieved. We have learnt a lot from so many great minds from all over the world, had a lot fun and built many great friendships."
The first runner-up was Team New Zealand, represented by James Rankin and Lauren McCarthy, who devised a plan to recycle denim to make shoes. For every pair of shoes purchased, a pair was to be donated to the needy in Argentina.
Second runner-up was Team Hong Kong's Ng Yu Hin and Wong Bo Hang who thought of manufacturing a denim “100 Wishes” quilt, from scraps of denim from China garment factories. The quilts were to be sold to lower income Argentinians from the south of the country.
This year 54 students, aged between 15 to 19, won a place to represent their markets in the FedEx/JA ITC Regional Finals by confidently demonstrating their teamwork, resourcefulness, creativity and entrepreneurial skills during the local market competitions.
At the Regional Finals the panel of judges, comprising successful entrepreneurs and business leaders, assessed the students on their attention to detail, creativity and professionalism in developing and executing a business entry strategy.
"FedEx actively supports entrepreneurship. We are proud that since 2007 the International Trade Challenge has educated and inspired more than 9,900 young people in the region, who will be our next generation of Asian entrepreneurs," said David Cunningham, Jr., president, FedEx Express Asia Pacific.
Cunningham added, "Our world is changing faster than ever. Small businesses in Asia have shown significant innovation and made a vital contribution to driving global trade. The FedEx/JA ITC program provides an essential foundation to help students understand the corporate world, and to pursue their dreams of operating a global business and playing a pivotal role in the future economy of our region."
The International Trade Challenge serves as a platform for students to unleash their potential and sharpen their business acumen by devising a market entry plan.
"The three-day Regional Finals have been exceptionally successful with the support of FedEx Express and their professional volunteers who helped mentor the teams. We look forward to continuing to foster the spirit of entrepreneurship among young people in Asia Pacific with FedEx Express,” said Vivian Lau, Interim President, Junior Achievement Asia Pacific.