The Business Times
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Profits before legacy for family businesses in Singapore: survey

46% of respondents say professionalising business a pressing issue; but 40% say retaining family control is key

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Published Wed, Mar 29, 2017 · 09:50 PM

    Singapore

    FOR family-run businesses in Singapore, profits come before legacy.

    A new report by KPMG and CPA Australia on Singapore family businesses found that 93 per cent of business founders surveyed said continued profitability was more important than preserving their legacy.

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