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Singapore family businesses upbeat on growth but need better succession plans: PwC

WHILE family businesses in Singapore are optimistic about growth and are keen to keep the business in the family, few have a robust succession plan in place compared to their global counterparts, according to the Global Family Business Survey 2018 released on Wednesday by professional services firm PwC. About 89 per cent of Singapore family businesses surveyed expect to […]

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Indonesia: Jokowi ratifies seven trade agreements

President Joko “Jokowi” Widodo has ratified seven bilateral and multilateral trade agreements by signing a presidential regulation in a bid to boost trade, according to a senior trade official. Trade Ministry secretary-general Karyanto Suprih confirmed on Tuesday that he had been informed about the ratification. “This morning, I heard that the President had signed a […]

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Philippines: Rice import bidding fails anew

MANILA, Philippines — State-run National Food Authority has failed anew to secure the 203,000 metric tons (MT) of rice via government to government (G2G) scheme after Thailand and Vietnam exceeded the agency’s reference price. During the bidding on Tuesday, the governments of Thailand and Vietnam both offered bids that were way above the NFA reference […]

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Thailand: Govt launches new palm oil strategies

The government is rolling out three measures aimed at tackling tumbling palm oil prices, including using it to produce electricity.  Speaking after a cabinet meeting on Tuesday, government spokesman Buddhipongse Punnakanta said the cabinet took note of the Ministry of Agriculture and Cooperatives’ proposed measures intended to help shore up palm oil prices.  He said 160,000 […]

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