Kuok Meng Ru

Singapore's entrepreneurial scene looks less boring with spate of megadeals

SINGAPORE (Nov 30): Back in 2002, as the city-state was emerging from its worst recession since 1964, the government was getting impatient over the economy's disproportionate reliance on multinationals and a handful of globally competitive state-backed firms like Singapore Airlines.

A panel on "entrepreneurship and internationalisation" noted that only 5% of Singaporeans ran their own companies, versus 12% in the US. Then-finance minister and future Prime Minister Lee Hsien Loong vowed to end red tape and allow new structures like limited partnerships.

Rolling Stone's Singapore shareholder wants to buy the magazine

SINGAPORE (Nov 23): The 29-year-old founder of Singapore’s BandLab Technologies said he wants to buy the 51% of Rolling Stone he doesn’t own, adding the world-famous brand to his growing global music business.

Kuok Meng Ru, a member of one of Asia’s richest families, said he’s in talks to take over the magazine after Jann Wenner put his controlling stake up for sale two months ago, relinquishing his hold on the publication he co-founded in San Francisco in 1967.

Billionaire's 28-year-old son picks digital music empire over palm-oil riches

SINGAPORE (Aug 26): Kuok Meng Ru didn't spend much time with his billionaire father when he was growing up.

As the third child of an agribusiness tycoon, he was sent off to a British boarding school at 10, graduating later from Cambridge University with a mathematics degree.

His father Kuok Khoon Hong was busy building Wilmar International into the world’s largest palm-oil business, starting from scratch in 1991. The younger Kuok's mother constantly reminded him: "Much has been given, much will be expected."

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