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August 18, 2022

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With zero funding, Filipino entrepreneur MJ Loleng built her start-up company, Ecobriqs Charcoal Briquettes, an innovative eco-friendly charcoal business from waste coconut shells.

She was able to attract investors with her idea who also had a passion for sustainability and providing employment to those who are poor in the Philippines, as she said that she experienced being poor herself. MJ wants to show that poverty is no reason to give up on ambitions.

MJ wrote on her Facebook, “For the past 4yrs I was just crystal focus on surviving and making things happen. I know I’ve always wanted to help, and I know that I can do it by building a business.”

When “Samgyeopsal” or Korean BBQ restaurants became popular in the Philippines, Ecobriqs experienced a surge in popularity. Briquettes were the ideal kind of coal to use since they did not produce smoke or odor and could be used more than once.

The pandemic drove several eateries to close, putting Ecobriq into a major setback for half a year, but MJ thought of another idea. She collaborated with her friends and opened their own Korean BBQ restaurant, Umma’s Samgyup Café, with a starting capital of P5,000 ($90).

As a result of MJ’s expanding business portfolio, she is now able to bring in more than P100,000 ($2000) per month, and learned stock trading in order to increase her income.

Her advice to aspiring entrepreneurs is to be persistent in achieving their goals, “I also didn’t know how we got this far. I just keep the faith, believe in my team, took the risk, give it ALL IN, and did my best” 

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Image Source: Jane Nguyen / NBC News

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Kenneth Mejia Sits As Los Angeles’ New and First Filipino American City Controller

Taking the lead with a 21-point advantage, Kenneth Mejia, is now Los Angeles’ newly-elected City Controller assuming city-wide office after cutting the edge against City Councilmember Paul Koretz.

The 32-year-old is the first Filipino American to take the position. As a CPA and community militant, Mejia is pleased to embody the distinct community of L.A.

“We have a very diverse population in L.A. and I feel very proud and honored to represent that community and coming from a minority background makes you more empathetic about the people you’re fighting for,” Mejia said as quoted in NBC News.

He achieved a double-sweeping win after attaining more votes than any mayoral candidates and concluding the election with over 100,000 votes higher than Koretz, a radical and experienced public officer, which accordingly is a sign of many Angelenos’ renouncement of the status quo.

Mejia was also once an organizer of the L.A. Tenants Union who initiated the legalization of homelessness and made the concerned authorities liable for it.

The newly-elected City Controller mentioned that he eyes transforming the system and making it worker-friendly. He likewise shared that a controller is “the city’s accountant and paymaster,” which is different from high-profile City Council positions since he cannot promulgate a legislation or amend the city budget. These restrictions fit him wonderfully as a CPA and organizer, making his work more intriguing.

“You don’t really have to push an agenda when you’re running to present data and show numbers,” Mejia continues, “They have a story in themselves,” he added.

After the City Council decided to ban homeless encampments 500 feet from schools and daycare centers, Mejia calculated how many camps will be affected and created a digital map of 1,900 schools and daycare centers in the city, showing that 20% of the walkways would no longer be available as a campsite. Mejia’s staff employed computer technology to be more transparent to the public, especially regarding finances.

Image Source: Christopher DeVargas / Las Vegas Magazine

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Jo Koy Makes History As The First Ever Comic Main Attraction At T-Mobile Arena

After Jo Koy’s recent successes, including the release of his two wildly popular Netflix specials,” In His Elements and Comin’ In Hot”, and the publication of his autobiographical debut book, entitled “Mixed Plate: Chronicles of an All-American Combo”, he is set to star as the first comic main attraction at Las Vegas’ T-Mobile Arena on November 19.

This year, the Filipino-American actor-comedian embarked on his first nationwide arena tour for Easter Sunday, a feature film based on those personal anecdotes and his other comedic content that hit theaters which also starred Lydia Gaston, Eugene Cordero, Tia Carrere, and Lou Diamond Philipps. 

It was a life-changing experience for the 51-year-old, and he plans to continue creating films from behind the camera and helping other Filipinos, Asian Americans, and artists from different races.

Jo Koy first experienced comedy while still a student in Las Vegas and will return to the same city to fulfill his dream of becoming the first primary comic attraction to play at T-Mobile Arena.

“When I play T-Mobile Arena, I discover that I’m the first cartoonist to ever do it, which is sort of cool,” he told Las Vegas Magazine, “There are other venues in Las Vegas, including some very large ones, but T-location Mobile’s right on the Strip has a unique appeal,” Jo Koy adds.

He also mentioned that performing at arenas and other famous places abroad is beyond anything he could have imagined and that the realization of it drives him crazy.

After finishing the book and movie he’s been working on for several years, Jo Koy said that the process was challenging because there were many obstacles and firsts to tackle; it was the first time a Filipino actor portrayed the main character in a Hollywood production. He felt good about himself and appreciated Dreamworks and Universal for helping him.

“I want to keep creating. I want to highlight the other talent that is out there because I have been addicted to being in front of the camera,” Jo Koy continued, “Knowing how difficult it was for me, I want to keep the door open and showcase more potential, not just Filipino talent but talent from other countries and races that want to be recognized — I want to see what I can do to help make it happen.”

Jo Koy also disclosed that he has his eye on a number of up-and-coming stand-up comedians, such as Matteo Lane, with whom he is now working, Asif Ali, and JR De Guzman.

Image Source: Wu Tsai Foundation

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Brooklyn Nets Owners Launched The Largest Business Accelerator for Minority-led Startups

After George Floyd’s controversial death in 2020, growing VC investments in businesses founded by people of color became a top priority. According to Crunchbase, just 2.4% of VC financing between 2015 and 2020 went to Black or Latinx enterprises. Funding for black entrepreneurs quadrupled to $1.8 billion in 2021. This year, however, saw a sharp decline in investments in minority founders.

Entrepreneur and co-owner of the Brooklyn Nets, Clara Wu Tsai, launched BK-XL, the biggest business accelerator that aims to support 12 startups founded by Black, Indigenous, and other minority founders in 2023 by investing up to $500,000.

In an interview with The Associated Press, Wu Tsai stated that a shortage of finance is a major barrier to wealth growth for BIPOC businesses. She and her husband Joseph Tsai believe investing in BK-XL would be the greatest approach to overcome this challenge and generate wealth for the entrepreneurs and the jobs they create.

Wu Tsai stressed that she aims to highlight the underutilized entrepreneurial potential in Brooklyn to assist the neighborhood get back on its feet. She also thinks that BK-XL will demonstrate to the rest of the nation that investing in Black businesses pays off and is a smart move.

She added that any money made from investments in the BK-XL startups will be put back into Brooklyn-based companies. “The best way to demonstrate our faith in Brooklyn and Black-owned businesses,” she continued, “is to invest in them and demonstrate to the rest of the world that they are wise financial decisions.”

Prior to the release of BK-XL, Tsai’s Social Justice Fund also introduced “EXCELerate” last year, which offered no-interest loans to Black-owned small companies in need of assistance in order to recover from the closures caused by the COVID-19 pandemic.

As part of her strategy to leverage a combination of investments and donations to achieve goals for the neighborhood, she stated that BK-XL will shortly be followed by a philanthropic grant program to assist other businesses in Brooklyn.

All Brooklyn-based, BIPOC-led firms may submit a BK-XL application starting on December 5. But only companies in industries where the Tsais have the expertise, like e-commerce, will be approved.

Image Source Ken Chan Facebook

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Pandemic Turns Filipino Actor Ken Chan Into A Serial Entrepreneur

Ken Chan, a 29-year-old Filipino actor, proves that the pandemic has not only caused bad things but has also brought good fortune to some, being a celebrity-turned-entrepreneur after losing his job during the crisis.

Ken swiftly expanded his franchised iFuel gas station with 10 branches in different parts of the country in just a year. He also opened Cafè Claus, a Christmas-themed café, which has extended into three branches around Metro Manila, Philippines.

Nonetheless, he also braved the wellness industry with his Aromagicare Luxury Massage Chair. He mentioned that his triumph is also because of saving and spending wisely. 

Ken said he had taken to heart the financial lesson his parents had taught him wherein he learned not to overspend on himself.

During his recent interview, Ken said that he takes pride in the fact that he rarely makes purchases for himself and even makes the most of his cars while they are still roadworthy.

The actor realized during the pandemic that artists should secure their fallback in case they lose their jobs in the industry.