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December 2012

October 2012

  • Ad-hoc information security solutions no longer an option, as companies struggle to keep pace with today’s threats 
    Kuala Lumpur, 30 October 2012
    Organizations need to fundamentally shift their approach to information security in order to meet the threats presented by existing and emerging technologies according to EY’s Global Information Security Survey 2012 report.
  • Cash is a challenge for cash-rich and cash-poor CFOs
    Kuala Lumpur, 25 October 2012
    Whether they are cash-rich or cash-poor, CFOs currently face significant cash management challenges according to a report released by EY. The uncertainty in the economy over the last few years has meant there are many CFOs finding themselves in both these situations. The report identifies the complexities at both ends of the liquidity spectrum and assesses the opportunities and considerations to help CFOs steer their company through this challenging economic environment.
  • Corporate growth expectations moderate in Southeast Asia (SEA)
    Kuala Lumpur, 17 October 2012
    A sense of pessimism dominates findings from the latest EY’s bi-annual Southeast Asian (SEA) issue of the Global Capital Confidence Barometer released today. The survey of more than 1,500 senior executives in 41 countries around the world, of which 118 were from Southeast Asia (Singapore, Malaysia, Indonesia, Thailand and Vietnam), was conducted in August and September 2012.
  • EY announces Top Nominees of the EY Entrepreneur Of The Year® 2012 Malaysia awards
    Kuala Lumpur, 11 October 2012
    We are pleased to announce the Top Nominees of this year’s EY Entrepreneur Of The Year® Malaysia Awards.

August 2012

  • Breaking down the barriers for women on and off the sports field
    London, 17 August 2012
    As the Olympic Games set a new record for gender equity – with all 205 participating nations sending at least one woman to compete – EY launched a white paper on how to break down the barriers for women both on and off the sports field.

July 2012

  • More Malaysian companies expected to expand abroad in the quest for growth
    Kuala Lumpur, 17 July 2012
    According to EY’s new report, Beyond Asia: Malaysia highlights, Malaysian companies have been active in expanding their operations abroad since the middle of the last decade, and their overall international activity is expected to grow even more this decade as they seek growth.
  • Global survey reveals talent management challenges for rapid growth market multinationals
    Kuala Lumpur, 10 July 2012
    Emerging market multinationals are struggling to build effective international management teams as they grapple with cultural differences, conflicting internal perceptions of talent management, difficulties in balancing global and local talent, and a lack of a reliable leadership pipeline.

    These are the main findings of a new EY survey “Growing Pains: Companies in Rapid Growth Markets Face Talent Challenges as They Expand” of 810 business executives from all major rapid growth markets.
  • Foreign direct outflows from Asian markets to hit US$400b by 2020
    Kuala Lumpur, 5 July 2012
    The importance of Asia to global trade will continue to increase steadily over the next decade with foreign direct outflows reaching US$400b by 2020 for the nine rapid growth markets within East and Southeast Asia. This is according to the new EY report, Beyond Asia: strategies to support the quest for growth, which surveyed over 600 business executives from organizations based in East and Southeast Asia.
  • Power in the banking relationship shifts dramatically to the consumer
    Kuala Lumpur, 2 July 2012
    Consumers are taking control of their banking relationships, are increasingly likely to change banks and expect to be able to choose between a range of service levels and costs according to EY’s 2012 global consumer banking survey. The study, which questioned 28,560 banking customers across 35 countries, highlights how customers also expect to be financially rewarded for their loyalty.

June 2012

  • Without disruptive action, consumer products companies face declining margins
    Istanbul, 20 June 2012
    In an unprecedented business environment of accelerating pace of change and spiraling complexity, almost three quarters of consumer products (CP) companies say they need to make significant changes to their business in order to sustain historic margins according to Disrupt or be disrupted, a report released today by EY.
  • New life sciences R&D model based on real-time learning and data-sharing needed to sustain innovation
    Boston and London, 19 June 2012
    The global biotechnology industry showed a second straight year of increasingly stable financial performance in 2011, according to EY’s 26th annual biotech report, Beyond borders: global biotechnology report 2012, with established biotech markets registering more than 10% revenue growth for the first time since the start of the global financial crisis.
  • Practical working model of IFRS-compliant consolidated financial statements for banking entities
    Kuala Lumpur, 8 June 2012
    EY has released an updated version of its guide, Good Bank (International) Limited, to assist banks and financial institutions in the preparation of consolidated financial statements that are in accordance with the International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”).
  • Despite tough economic times entrepreneurs are creating jobs and growth
    Monte Carlo and London, 7 June 2012
    While other businesses struggle to create jobs, entrepreneur led companies expanded their workforce by 16% in 2011. Global job hot spots: Help wanted, a survey of 400 of the world’s leading entrepreneurs released today by EY highlights that despite tough economic times, over two thirds of them also expected to hire in 2012. Nor are they temporary or low quality jobs. The majority of the positions require university degrees or substantial experience.
  • Y Bhg Tan Sri Liew Kee Sin of S P Setia Berhad competing for prestigious award recognizing the world’s leading entrepreneurs
    Kuala Lumpur, 4 June 2012
    Y Bhg Tan Sri Liew Kee Sin of S P Setia, winner of the EY 2011 Malaysia Entrepreneur Of The Year Award, is gearing up to compete in the 12th EY World Entrepreneur Of The Year Award. Tan Sri Liew will be among over 50 country winners of the national award competing for the world title. The winner will be announced at a gala on the evening of Saturday 9 June in Monte Carlo.

May 2012

  • Asia-Pacific oil and gas companies more likely to divest than their global counterparts
    Kuala Lumpur, 11 May 2012
    The sixth EY 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 mergers and acquisitions (M&A). However, oil and gas respondents expect divestment activity to increase over the next 12 months.

April 2012

  • EY launches 2012 Asia-Pacific Tax Policy and Controversy Outlook
    Kuala Lumpur, 30 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. In fact, the world’s investors passed a tipping point in 2011, directing more capital into emerging markets, many in Asia-Pacific, than into the markets of mature economies, according to the EY Asia-Pacific Tax Policy and Controversy Outlook 2012, released recently.
  • EY seeks outstanding entrepreneurs
    Kuala Lumpur, 9 April 2012
    The Malaysian EY Entrepreneur Of The Year (EOY) Awards programme returns for the 11th edition this year with bigger ambitions.

March 2012

February 2012

  • Insurers are left playing catch up globally as consumer expectations soar
    Kuala Lumpur, 24 February 2012
    EY’s Global Insurance Customer Survey released today highlights how a combination of increased expectations and accessible technology mean that the insurance industry is now facing a far more demanding customer and that those suppliers who fail to make a rapid move to a more consumer-friendly business model risk being left behind.
  • Malaysia ranks 28th in overall Globalization Index 2011
    Kuala Lumpur, 8 February 2012
    Malaysia has been ranked 28th in the EY Globalization Index 2011. The Globalization Index measures the extent to which the 60 largest countries by GDP are connecting to the rest of the world (Please refer to Appendix 1 for the rankings). Other Asian countries that were ranked in the top 30 of the Index are Hong Kong (No.1), Singapore (No.3), Taiwan (No.12) and South Korea (No.29).

January 2012

  • Mark Weinberger elected next Global Chairman and CEO of EY
    Kuala Lumpur, 17 January 2012
    EY is delighted to announce that Mark Weinberger has today been named its next Global Chairman and CEO. Weinberger will succeed current Global Chairman and CEO Jim Turley, who announced recently that he will retire on 30 June 2013, having led EY since 2001.
  • Global CFOs face tough balancing act investing across both developed and rapid-growth markets
    Kuala Lumpur, 11 January 2012
    Few CFOs think their company is effective at managing investments across markets with significantly different growth rates according to a new EY report launched today. Most also lack confidence in communicating this investment balance across divergent markets to the investor community.

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