News releases

Recent global and Singapore news releases issued by Ernst & Young.

May 2013

• Oil prices under pressure from slow growth
  Singapore, 15 May 2013
  The uncertainty over oil demand combined with some strong non-OPEC supply growth is putting downward pressure on oil prices, which could impact short-term investment decisions. 
• Southeast Asian corporates focus on stability and growth
  Singapore, 9 May 2013
  Market sentiments are up in Southeast Asia from a round of pessimism in the latter half of 2012, according to our Southeast Asia Capital Confidence Barometer.
• Multinationals fail to adopt transformative payroll techniques
  Singapore, 3 May 2013 
  The majority of multinationals wants improvement in their current payroll practices, yet they are skeptical about whether payroll providers can deliver a comprehensive global solution

April 2013

• Middle class growth in Asia-Pacific
  Singapore, 25 April 2013
  By 2030, two-thirds of the global middle class will be residents of the Asia-Pacific region, according to Ernst & Young’s Hitting the sweet spot report.
• Weak global outlook forcing rapid-growth markets to trade with each other
  Singapore, 18 April 2013 
  Loose monetary policy and quantitative easing intended to stimulate growth in developed markets, has prompted exchange rate swings that in turn could affect export competitiveness in rapid-growth markets.
• Ernst & Young announces new member firm in Myanmar
  Singapore, 10 April 2013
  We announced the opening of a new member firm in Myanmar, extending our footprint to 22 countries in Asia-Pacific and 151 worldwide.
• Cyprus has been challenging but the Eurozone Financial Services industry still on track to start to turn the corner
  Singapore, 2 April 2013
  The Eurozone Financial Services Forecast predicts that, while localized problems can’t be ruled out, the collective pain for Eurozone’s financial services sector is almost over.

March 2013

• Stronger global markets and macroeconomic conditions drive an improved IPO outlook for 2013
  Singapore, 22 March 2013 
  Global IPO activity is up 1% by capital raised and down 42% by deal volume in Q1’13, according to Ernst & Young’s Global IPO update.
• Search for the next Ernst & Young Entrepreneur Of The Year is on
  Singapore, 5 March 2013
  Leading professional services firm, Ernst & Young, today launched the nominations for its 12th annual Ernst & Young Entrepreneur Of The Year (EOY) awards.

February 2013

• Institutional investors feeling positive about 2013 IPO market
  Singapore, 20 February 2013
  A new Ernst & Young survey shows that institutional investors are increasingly positive about the IPO market. According to the more than 300 institutional investors surveyed in December, a vast majority – 82% – have invested in pre-IPO and IPO stocks in 2012 compared to only 18% in either 2010 or 2011.
• 54% of entrepreneurs to increase their workforce in 2013
  Singapore, 15 February 2013
  Despite the uncertain global economic environment and at a time of high levels of unemployment, many of the world’s most successful entrepreneurs continue to grow their business and are expanding their workforce. According to new research from Ernst & Young, Global jobs creation, more than half of the 600 plus major entrepreneurs across the world surveyed say they expect to increase their work force in 2013 – with the numbers showing remarkable similarity around the world (Americas; Asia-Pacific; and Europe, Middle East, India and Africa).

 
January 2013

• Record year for global oil and gas transactions in 2012
  Singapore, 31 January 2013
  With an average of more than four transactions announced everyday in 2012, the oil and gas sector remained one of the most active global sectors for M&As.
• Ernst & Young Asean Art Outreach program presents Myanmar artist Nay Myo Say’s solo debut in Singapore on Buddhism in contemporary art
  Singapore, 30 January 2013
  Ernst & Young opens Natri Puja by Myanmar artist Nay Myo Say at the Ernst & Young Gallery today. This 13^th exhibition of the Ernst & Young Asean Art Outreach program will run from 30 January to 31 May 2013.
• Short-term "fast cash” more of a priority for sellers than longer term strategic priorities
  Singapore, 24 January 2013
  Nearly 50% of divestments in the past two years were driven by a need for a quick cash injection rather than to achieve a longer term strategic objective, according to a new report from Ernst & Young. The 2012 Global Corporate Divestment Survey reveals that respondents’ rationale for a divestment is often focused on short-term financial motives rather than the longer term strategic benefit of the business.
• Asia-Pacific continues to be a beacon for private equity as investors target the region in search of new opportunities
  Singapore, 22 January 2013
  mergermarket, the independent Mergers and Acquisitions (M&A) intelligence service, and Remark, the publishing, market research and events division of The Mergermarket Group, in conjunction with Ernst & Young, launched the report Asia-Pacific private equity outlook 2013.
• Singapore ranks second on Globalization Index 2012
  Singapore, 21 January 2013 
  Singapore ranks second, after Hong Kong and above Ireland, on Ernst & Young’s Globalization Index 2012 
• Big pharma under pressure for M&A to close US$100b growth gap
  Singapore, 7 January 2013
  Top pharmaceutical companies are facing a widening growth gap that will increase pressure to drive growth through M&A. But big pharma’s attempts to make deals will be challenged by its diminished resources and fiercer competition for attractive assets from rapidly growing big biotech and specialty pharmaceutical companies. A new report by Ernst & Young, Closing the gap? Big pharma’s growth challenge and implications for deals, estimates that the growth gap will reach approximately US$100b by 2015.
• Bad loans and regulation will squeeze Eurozone banks in 2013
  Singapore, 7 January 2013
  While the economic forecast for the Eurozone in 2013 shows painful progress towards stability, Eurozone banks and insurers will face another difficult year. The north-south divide will become more entrenched this year; while the outlook for lending in northern markets is slowly improving, the outlook for southern markets is bleak as banks contend with a recession-driven glut of non-performing loans and continued regulatory pressures, according to the Ernst & Young Eurozone Financial Services Forecast (EEFSF) released today.

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