Ernst & Young (EY)

Family enterprises help boost the economy, create jobs and often do a lot of social good, say EY’s experts.

The cousins said that they have agreed to complete the share transfers and resignations of directorships by Nov 5.

The cousins have reportedly approached several parties to buy out their stake.

Majority of the policymakers surveyed agree on the ethical principles most relevant for the different applications of AI.

"A union leader will do what it takes to save jobs and in every way possible. And when jobs cannot be saved, union leaders will support workers through the tough times and help them seek new opportunities." –— NTUC secretary general Ng Chee Meng

The study found that some 79% of executives in Southeast Asia (SEA), and 75% of executives in Asia Pacific (APAC) have indicated that they are planning to divest within the next two years.

Quoteworthy: "Donald learned long ago how to pick his targets." — Mary Trump, niece of the US president, in her upcoming tell-all family memoir, “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man”.

According to the EY Private equity briefing: Southeast Asia (June 2020) report, a total of 141 deals worth US$1.4 billion ($1.95 billion) were announced, representing a 9% and 65% dip y-o-y in the total number of deals and value respectively.

Overall, 2Q20 saw a decline compared to 2Q19 across all regions by deal numbers.

The report conducted customer research across four regions: Mainland China, Hong Kong, Taiwan, and Singapore. Some 39% of the respondents surveyed were professionals, and 61% were entrepreneurs and family-inherited HNWIs.