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MONEY FM 89.3 The Breakfast Huddle

December 2020

Business Legacy: Keeping it going
Family businesses have empowered national economies and employment opportunities in Asia for the past decades. And right here in Singapore, we do have a few legacy businesses still going strong even after decades. Lam Tong Loy, Founder & CEO, Electro-Acoustics Systems and Lam Tze Tze, Executive Director, Electro-Acoustics Systems shares more about their experience of building EAS and how the experience of venturing out and working for an MNC helped in building the company.

Business Legacy: Keeping it going

Wealth preservation: What does it mean to you?
Results from the polls on our Facebook page have shown that 50% would leave behind their property to their family, 16.7% would build a business that their children may inherit and 33.3% would leave a legacy through a charitable foundation. Lam Tong Loy, Founder & CEO, Electro-Acoustics Systems and Lam Tze Tze, Executive Director, Electro-Acoustics Systems shares why they think property is the most practical thing to leave behind to your family in a country like Singapore.

Wealth preservation: What does it mean to you?
L-R: Ryan Huang (MONEY FM), Lam Tong Loy, Lam Tze Tze and Elliott Danker (MONEY FM)

Source: https://www.moneyfm893.sg/guest/lam-tong-loy-lam-tze-tze-electro-acoustics-systems/