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Asia Pacific

June 22, 2015

More than four-fifths of Asian family businesses do not have a succession plan in place despite the majority expecting to handover to the next generation within five years, new research has revealed.

More than four-fifths of Asian family businesses do not have a succession plan in place despite the majority expecting to handover to the next generation within five years, new research has revealed.

June 17, 2015

While reputation management may serve as an opportunity to prepare family businesses for smooth intergenerational transition, relatives can struggle to agree on common goals

A frequent source of tension in family businesses is the generational gap. Yet through the burgeoning field of reputation management, with its focus on social media and digital communication, the younger generation are finding they have the tools to bridge the divide. This can help ensure a smooth intergenerational transition in the process.

May 27, 2015

Samson Paper, like many Asian family businesses, are not only driving the economic development of their countries, but are also shaping global production and consumption, and have recently expanded into sectors including aeronautics and marine services

Samson Paper, like many Asian family businesses, are not only driving the economic development of their countries, but are also shaping global production and consumption, and have recently expanded into sectors including aeronautics and marine services

Samson Paper in numbers
Founded: 1965
Generation: Second
Revenues: $660 million (2013)
Employees: 1,730

December 8, 2014

Asian family offices are more self-reliant than originally thought, but that doesn’t mean their investment targets are being hit. This self-reliance is in keeping with an increased desire for independence. 

Family offices in Asia-Pacific rely heavily on external service providers for core functions, according to the Global Family Office Report 2014, challenging a long-held stereotype that they are self-reliant. In fact, it has found that Asian offices spend roughly 20% less than those in Europe and North America. 

According to the report, family offices in Asia-Pacific spend 46% of their total budget on external services, while those in North America and Europe spend between 63% and 70%, respectively.

November 21, 2014

China is facing a new economic crisis, and it is not about mounting local debt or even a rapidly slowing property market.  The crisis in the making is about family business succession in the world’s second-largest economy.

China is facing a new economic crisis, and it is not about mounting local debt or even a rapidly slowing property market.  The crisis in the making is about family business succession in the world’s second-largest economy.

This issue may seem innocuous for many observers, but it is in fact one of the many pressing issues for the country’s economy, which is undergoing a painful process of rebalancing.  Why is the family succession issue so important?

August 1, 2014

Indonesia’s wealthiest billionaires all come from family businesses, according to a new rich list released this week.

Indonesia’s wealthiest billionaires all come from family businesses, according to a new rich list released this week.

In the wake of the southeast Asian nation’s presidential elections, held last month, Wealth-X has revealed the Hartono brothers, Michael and Robert, are the wealthiest Indonesian individuals, with a net worth of $9.7 billion (€7.2 billion) each.

The 9 July election was won by Joko Widodo, who did not come from an wealthy background, but instead grew up in a riverside slum in the city of Surakarta.

December 18, 2013

Genting Malaysia, controlled by the Lim family, has joined forces with Twentieth Century Fox, a subsidiary of Rupert Murdoch’s entertainment empire, to launch a $300-million (€218 million) theme park in the south Asian nation.

Genting Malaysia, controlled by the Lim family, has joined forces with Twentieth Century Fox, a subsidiary of Rupert Murdoch’s entertainment empire, to launch a $300-million (€218 million) theme park in the south Asian nation.

September 4, 2012

A grandson of the co-founder of the Red Bull energy drink company has been arrested in Bangkok following a hit-and-run accident that killed a local policeman.

A grandson of the co-founder of the Red Bull energy drink company has been arrested in Bangkok following a hit-and-run accident that killed a local policeman.

Vorayuth Yoovidhya, 27, an heir to one of Thailand’s wealthiest families, allegedly struck a police officer on motorcycle patrol before dawn on 3 September while driving his Ferrari through a residential neighbourhood in the Thai capital.

His car allegedly dragged the policeman down a Bangkok street for several dozen metres.

August 15, 2012

The Philippines' Zobel de Ayala family has won the battle for a premium state-owned property, outbidding a number of other powerful families in the process.

The Philippines' Zobel de Ayala family has won the battle for a premium state-owned property, outbidding a number of other powerful families in the process.

On 14 August, the country's government accepted family business Ayala Land’s 24.33 billion Philippine pesos (€468 million) bid to acquire a 74 hectares (183 acres) industrial estate, located south of greater Manila.

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