Daily Briefing: Large contractors harness prefab tech; StarHub's PayTV business under pressure

And here's what you need to know about the family behind RGE.

From PropertyGuru: While several large construction firms have embraced technological advancement, such as the use of prefab technology, as an opportunity, most small and medium-sized enterprises (SMEs) are still resistant to change. “Conventional construction is facing many challenges. We knew that the (foreign worker) levy was going up and that the Government’s direction was towards work productivity. So, we saw an opportunity to move forward,” said Johnny Lim, executive director at Teambuild, one of the early adopters of prefab technology here.

From the Motley Fool Singapore: In the telco’s latest annual report (for 2016), this matter was featured in the management’s discussion section, a column in which the company’s leaders seek to address the most pressing questions about the business. It’s an admirable effort, and one worth reading through. With this in mind, here are three key thoughts from StarHub’s management on the company’s pay TV business.

From CNBC: Sukanto Tanoto is the charismatic and hardworking founder behind Singapore-based RGE (Royal Golden Eagle). While it was his vision and passion that led the resources giant to the size and scale it is today, building up the family business was and still is very much a team effort. Together with his wife, Tinah Bingei Tanoto, they worked together to grow RGE and their four children spent much of their youth on the palm oil plantations, observing their parents at work. His youngest child Anderson, who is a director at RGE, recounted some of his early memories. "I spent four or five summers actually in Kerinci, in Riau for example or in the plantations," he said. "It was fun as a young kid being in nature, being fascinated by large structures wearing hard hats and going through the different canals and the rivers."