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Aussie bets on backpackers in Singapore

7 March 2013 Last updated at 23:43 GMT

In the latest in our series on entrepreneurs in Asia, Australian Malcolm Davies discusses why he gave up his nine to five corporate job to open a small hostel and bar for backpackers in Singapore's Little India.

He admits that it took a while to get things going and at the time "everyone thought I was crazy".

Although he set the business up on his own, he confesses to being "a little bit stubborn" and would now advise other would-be entrepreneurs to get some help and learn from others.