Most South-east Asian firms would divest to stay competitive: Survey

85% of corporations in this region intend to sell part of their businesses by 2021

The new survey of 930 global executives - 72 from South-east Asia - found that 80 per cent of firms are mulling divestiture to streamline their operating models.
The new survey of 930 global executives - 72 from South-east Asia - found that 80 per cent of firms are mulling divestiture to streamline their operating models.PHOTO: ST FILE

Conglomerates controlled by tycoons, family dynasties or state players are a familiar feature of Asia's corporate landscape but their days may be numbered, according to a new survey.

It found that 85 per cent of South-east Asian corporations intend to sell part of their businesses by 2021 so their core enterprises can be more competitive.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Straits Times on March 20, 2019, with the headline 'Most S-E Asian firms would divest to stay competitive: Survey'. Subscribe