Asia Pacific news releases

October 2012

• Rapid expansion of Asian companies provides strong competition for developed-market organisations.
  Hong Kong, 15 October 2012
  The recent spike in overseas investment by Asian multinationals has many developed-market companies fearing increased competition and loss of their market share in their own domestic markets that they have dominated for decades.
• Ernst & Young wins prestigious Hong Kong award in leading knowledge expertise for fifth year running
  London, 15 October 2012
  For the fifth consecutive year, Ernst & Young has been recognized as a Most Admired Knowledge Enterprise (MAKE) in Hong Kong. A panel of senior business executives and leading knowledge management experts selected the winners of the Hong Kong MAKE Award 2012.

May 2012

• Asia-Pacific Oil & Gas companies more likely to divest than their Global counterparts
  Hong Kong, 9 May 2012
  The sixth Ernst & Young Global Capital Confidence Barometer has found that despite higher oil prices, improving access to capital, increasing economic optimism and a generally more favorable deal environment, Oil and Gas executives are still cautious about engaging in M&A.
• Ernst & Young launches 2012 Asia-Pacific Tax Policy and Controversy Outlook
  Hong Kong, 25 April 2012
  Most Asia-Pacific nations entered 2012 continuing the prudent tax and fiscal policies that have helped make them preferred destinations for capital investment.
• Asia expected to experience changing trade patterns and huge expansion of consumption by growing middleclass
  Hong Kong, 5 April 2012
  Rapid Growth Markets (RGMs) are expected to grow collectively at 5.3% this year, bouncing back to 6.3 % in 2013, according to Ernst & Young’s quarterly Rapid Growth Markets Forecast (RGMF) released today.
• Despite Global decline in mergers and acquisitions, Asia remains a favorable destination for assets
  Hong Kong, 3 April 2012
  Asia's deal volume saw a fall of 30% quarter on quarter in Q1, 2012, and while among the worst performing regions saw no deterioration in total deal value, according to the Ernst & Young M&A Tracker, released today.

• Private Equity deal-making continues, China continues to expand
  Hong Kong, 26 March 2012
  Momentum for deal making in China continued in 2011 despite the global decline. Aggregate PE deal activity rose significantly in the fourth quarter of 2011, in sharp contrast to global trends.
• A tough 2012 in Europe to have mild impact on Asia-Pacific: Is there light at the end of the tunnel for the Eurozone?
  Hong Kong, 19 March 2012
  Ernst & Young’s Eurozone Spring Forecast (EEF) predicts a slow return to growth in 2013 – but the intervening recession will only have a mild impact on prospects for the Asia-Pacific region.

• Hong Kong and Singapore – 1st and 3rd in Ernst & Young’s Globalization Index 2011
  Hong Kong, 8 February 2012
  Hong Kong and Singapore ranked first and third respectively in Ernst & Young’s Globalization Index 2011 released today.
• Most Asian Oil & Gas deals in 2011 are outbound investments to secure energy supplies
  Hong Kong, 6 February 2012
  Globally, 1322 oil and gas transactions were announced in 2011, an increase of more than 5% compared to 1258 in 2010, proving that this remains one of the most resilient global sectors for mergers and acquisitions.
• Rapid-growth markets will continue to contribute nearly half of the world’s growth over the next three years
  Hong Kong, 1 February 2012
  Rapid growth markets (RGMs) are expected to grow collectively by 5.3% this year, in stark contrast to the mild recession expected in the Eurozone in H1 2012 and modest growth in the US, according to Ernst & Young’s quarterly Rapid-Growth Markets Forecast (RGMF) released today.

• Global M&A volume decline 14% in Q4 2011 Asia sees smallest fall
  Hong Kong, 12 January 2012
  International M&A volumes decreased by 14% in the final quarter of 2011 compared to Q3 2011 and were down 18% compared to Q4 2010 (note 1) according to the Ernst & Young M&A Tracker. Globally deal values were down 25% in the quarter (note 2) and are now at their lowest level since Q1 2010.

• Ernst & Young adds senior appointments to its Asia-Pacific Financial Services Tax team
  Hong Kong, 14 December 2011
  Ernst & Young today announces the relocation of Rowan Macdonald to Hong Kong. Macdonald is the leader of Ernst & Young's Asia-Pacific Financial Services Tax team and was previously located in Sydney.

• Balance of trade to shift permanently to the east
  Hong Kong, 29 November 2011
  Global trade has long been dominated by so called advanced economies is now shifting permanently eastwards according to Ernst & Young's forecast Trading places: The emergence of new patterns of international trade prepared in conjunction with Oxford Economics. Asia Pacific will experience the fastest growth in global trade to 2020 and intra-regional trade there will lead to a renewed concentration of global demand.
• Ernst & Young sees opportunities in Asia-Pacific hedge fund developments
  Hong Kong, 15 November 2011
  Ernst & Young sees significant opportunities in the development of hedge funds in the Asia-Pacific region. Hong Kong and Singapore are sophisticated hedge fund markets and will continue to perform, while there are significant opportunities in emerging markets such as Taiwan and Korea.
• Middle class to reach 5 billion by 2030 with increase mainly driven by Asian and other rapid-growth markets
  Hong Kong, 10 November 2011
  Over the next 20 years, global economic trends will completely transform the customer base for most industries. Rising per capita incomes, favorable demographics and continuing economic growth are creating massive growth in the numbers of the global middle class. By 2030, there will be an additional three billion people joining this cohort, and most of them will live in Asia.
• Ernst & Young announces five senior appointments in Asia Pacific Asset Management
  Hong Kong, 8 November 2011
  Ernst & Young today announces the appointment of Roy Stockell as Head of Asset Management for Asia Pacific.
• Ernst & Young appoints Lim Hwee Hua as a global independent non-executive 
  Singapore, 8 November 2011
  Ernst & Young today announces the appointment of Mrs Lim Hwee Hua as an independent non-executive to our Global Advisory Council.

• Rapid growth markets well-placed to weather economic storm
  Hong Kong, 24 October 2011
  The dynamics of the global economy have changed with a new set of fast-growing markets challenging the position of the established advanced economies. The rapid growth markets are expected to grow collectively by 6.2% this year and by 5.9% in 2012 according to Ernst & Young’s new quarterly Rapid Growth Markets Forecast (RGMF) released today.
• Asia Pacific continues to dominate IPO activity in Q3'11 with 57% market share
  Hong Kong, 13 October 2011 
  Asia Pacific continues to dominate IPO activity in Q3'11 with 57% by number of deals and with 49% by capital raised. Asia Pacific issuers completed 161 deals in Q3'11 which raised US$14b in total. European issuers completed 69 deals which raised US$8.8b (31% of global funds raised), significantly less than Q2'11 (US$21.7b in 96 deals) while remaining higher than Q1'11 with US$2.4b raised in 52 deals. North American issuers raised US$4.5b in 41 deals (16% of global funds raised) compared with US$11.6b raised with 55 deals in Q2'11 (18%).