By 2030, half of the world’s top 50 cities will be in rapid-growth markets, up from a third now.
With continued market liberalization and adoption of new technologies accelerating this growth, realigning business strategies with each unique emerging market becomes crucial.
A key enabler in this process is tapping data analytics to uncover new insights and opportunities. Leaders including those in media and entertainment companies have started to recognize that digital and data must be a business-wide focus. Along with this is an equally strong focus on the protection of consumer data, proprietary information and intellectual property.
Different market forces continue to vastly alter the competition, customer and employment landscape globally. Banks around the world have to act quickly to tap the small and medium enterprises segment, which is estimated to account for more than half of all private sector jobs and GDP worldwide.
Across G20 countries, youth unemployment remains a huge concern and to tackle that, our new report suggests 10 recommendations to spur entrepreneurship to further boost job creation. In another report, we look at how policies can be shaped to build more robust pension and retirement systems.
With financial reporting coming under unrelenting scrutiny, explore ways to improve disclosure and better navigate financial statements in a special report on applying IFRS. For organizations operating in the oil and gas industry, be updated on the performance of megaprojects including those in Asia-Pacific.
Lastly, join us at our upcoming events as we discuss how interest deductibility will affect business financing arrangements, among others.
Have a business enquiry? Email us today.
With this, I wish you a pleasant read.
Managing Partner, Asean and Singapore
Sections: Thought leadership Regular publications Events calendar
Here are highlights of some of our upcoming events. For the full list of events, please click here.
International Tax Seminar: Cross-border financing
Interest payments between groups are commonly used in international tax planning. To address the deductibility of excessive intra-group interest payments, the Organisation for Economic Cooperation and Development (OECD) has proposed further restrictions on interest deductibility as part of its Action Plan on Base Erosion and Profit Shifting (BEPS).
Join us at this seminar for an update on the BEPS project, how interest has been used in international tax planning, the measures tax authorities in certain Asia-Pacific countries are taking to address interest deductibility, and how these developments will affect your debt structures and financing arrangements.
Find out more and register.
Complexities in a Simple Goods and Services Tax (GST)
25-26 September, 16-17 October, 20-21 November
According to the Inland Revenue Authority of Singapore's Annual report 2012/2013, from a GST compliance perspective, S$109m in taxes and penalities were collected as a result of GST audits and investigations. The majority of GST errors are often due to the lack of knowledge of the GST rules and regulations.
Join us at our GST workshops to learn how to better tackle these issues, and keep abreast of any GST changes.
To know more and register, visit the Practical Complexities in a Simple Goods and Services Tax page.
EY Asean Art Outreach program: Context
29 May to 26 September
Our Asean Art Outreach program presents its 16th show, featuring Singaporean artist, David Chan in his latest exhibition, CONTEXT. Many of the artworks use texts and images to play out the conflict between meaning and representation.
The exhibition runs from 29 May to 26 September 2014 in our office gallery at One Raffles Quay. The paintings are for sale. A portion of the proceeds will benefit three charities in Singapore as part of our corporate social responsibility program.
Public viewing of the exhibition is by appointment only.
Call +65 6535 7777 to make an appointment at least three days in advance.