Deals
Indian billionaire Gautam Adani’s Adani Enterprises is selling its entire stake in Mumbai-listed Adani Wilmar in a $2 billion multi-phased deal with partner Singapore-based Wilmar International.
Indonesia’s 50 Richest
Despite concerns over the weak purchasing power of its middle class, resource-rich Indonesia is targeting 8% economic growth, up from the estimated 5.1% expected this year, under its new president Prabowo Subianto, who took office in October.
QUOTE OF THE DAY
“In most cases being a good boss means hiring talented people and then getting out of their way.”