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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

    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.

    Singapore SMEs

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