South-east Asia’s family conglomerates at a turning point: New growth, fresh talent key to keeping their edge

Inside Asia’s family empires: How they are transforming to seize the next stage of growth

[SINGAPORE] From Indonesia’s Sinar Mas Group to Ayala Corporation in the Philippines, family conglomerates are a major economic force in South-east Asia.

Many of these powerhouses have transformed themselves over the years, and their success offers lessons to other family businesses on how to keep their edge.

Experts who spoke to The Business Times cited three key ingredients: being able to identify and expand into growth sectors; embracing professional talent; and having a timely succession plan.