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

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

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

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.

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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'. Print Edition | Subscribe