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More companies in S-E Asia planning to divest: survey

Singapore

SOUTH-EAST Asian firms' divestment intentions have caught up to those of their global peers, according to the latest annual EY Global Corporate Divestment Study.

Of respondents in the region, 88 per cent plan to divest in the next two years, similar to the global figure of 87 per cent.

This is in stark contrast to last year's study, where just 26 per cent of South-east Asian respondents had divestment plans, compared to 43 per cent globally.

The survey of 1,000 corporate executives included...

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