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 […]
Read MorePresident 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 […]
Read MoreMANILA, 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 […]
Read MoreThe 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 […]
Read MoreState-owned cement producer PT Semen Indonesia (SI) president director Hendi Prio Santoso says the company will be able to produce 53 million tons of cement following the company’s acquisition of PT Holcim Indonesia. “Semen Indonesia alone controls 40 percent of the cement market in Indonesia, while Holcim controls 15 percent of the market. It means […]
Read MoreTwenty-one companies will relocate their factories from Karawang, West Java to other regions on account of next year’s minimum wage increase, an official has said. “According to our records, between 2017 and 2018, 21 companies relocated their factories because they could not afford to pay wages,” said Karawang Manpower and Transmigration Agency head Ahmad Suroto said […]
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Thailand
