Recent global and Singapore news releases issued by EY.
- Warming hundreds of hearts this Christmas
16 December 2014
Over 170 Partners and staff of EY in Singapore raised S$25,000 worth of food hampers and cash gifts in four weeks for the Boy’s Brigade Share-a-Gift 2014.
- Global IPOs outperform main indices in good, not epic, year
11 December 2014
2014 is the best year for IPOs since 2010 as Asia-Pacific leads on deal volume -- 45% of global deals raising US$81.4b.
- Hedge funds driven towards new products for growth
4 December 2014
As asset growth in traditional hedge funds from institutional investors continues to slow, hedge fund managers are pinning hopes on new products to attract investor assets and drive growth.
- Advanced chief Kar Wong named EY Entrepreneur Of The Year 2014 Singapore
2 December 2014
He will represent Singapore at the prestigious EY World Entrepreneur Of The Year (WEOY) to be held in Monte Carlo, Monaco in June 2015.
- Central and Eastern European (CEE) countries lose FDI attractiveness
21 November 2014
Although developing CEE economies received more than half of global FDI inflows in 2013, number of projects declined by 12% in the last five years.
- Dealmaking on track for “blockbuster 2014” as technology M&A soars
21 November 2014
Global technology M&A value and volume reached quarterly heights not seen since the dotcom bubble. The aggregate value of all disclosed-value deals reached US$73.7b, up 41% sequentially and 4% year-on-year.
- EY gives back on International Accountants Day
7 November 2014
To give back to the community, over 780 EY Partners and staff in Singapore, their families and EY’s clients walked 4,475km in the rain to raise 44,750 bowls of rice to benefit low-income families.
- Annual global EY survey finds organizations are still unprepared for inevitable cyber attacks
4 November 2014
Most organizations are facing rising threats in their information security risk environment, but over a-third have no real-time insight on cyber risks necessary to combat these threats.
- Women remain underrepresented in senior public sector leadership posts across G20 countries
3 November 2014
While women account for around 48% of the overall public sector workforce, they still represent less than 20% of senior public sector leadership roles across the G20.
- Myanmar artist Aung Sint presents signature water lily series at EY Asean Art Outreach program
30 October 2014
EY opens Charm by Myanmar artist Aung Sint at the EY Gallery. This 17th exhibition of the EY Asean Art Outreach program runs from now to 30 January 2015.
- Four leading entrepreneurs named winners of the EY Entrepreneur Of The Year 2014 awards
27 October 2014
Professional services organization EY announced the four recipients of its 13th EY Entrepreneur Of The Year (EOY) 2014 awards.
- M&A rebounds strongly to drive corporate growth in Southeast Asia
16 October 2014
Companies in the region are deviating from a cautious approach to navigating the corporate capital agenda, and adopting a bolder and longer-term view across the SEA markets.
- EY admits PK Wong & Associates LLC in Singapore into global network
2 October 2014
EY announced the admission of PK Wong & Associates LLC in Singapore as a new independent member firm of its global network.
- Financial sponsor-backed IPOs drive activity close to 2010 levels
1 October 2014
Global IPO activity continues to climb with 851 IPOs raising US$186.6b in the first nine months of 2014.
- EY reports 2014 global revenues of US$27.4b
26 September 2014
EY today announced combined global revenues of US$27.4b for its financial year ended 30 June 2014, a 6.8% increase over FY13 in local-currency terms. Revenues grew 6.0% in US dollar terms.
- The changing DNA of sales and marketing leaders
24 September 2014
Companies that reject a customer-centric approach will fail to grow and increase their competitive advantage, according to a new global report by EY released today.
- EY statement on OECD BEPS recommendations
17 September 2014
EY's Global Vice Chair for Tax Jay Nibbe comments on the OECD's release of the first output in the BEPS project
- Oil and gas megaproject overruns to cost industry more than US$500b
11 September 2014
Almost two-thirds (64%) of multibillion-dollar, technically and operationally demanding megaprojects continue to exceed budgets, with three-quarters (73%) missing project schedule deadlines.
- Pension and retirement systems need rapid reform at a global level to meet demographic challenges
5 September 2014
A new era of globalization is shaping pension policy reform, challenging key industry assumptions and empowering consumers in their retirement decisions.
- Urbanization and big cities will drive growth in rapid-growth markets
31 July 2014
Rapid-growth markets to progress to a gradual recovery with forecasted growth above 4.5% next year, reveals our latest edition.
- EY and The Parthenon Group agree to combine, building on EY’s strategic advisory capabilities
22 July 2014
The Parthenon Group, a global strategy consultancy with 300 professionals in offices around the world, has signed an agreement to combine its operations with EY.
- The smart consumer: 30,000 consumers from 34 countries reveal new global trends
11 July 2014
Companies must target “digital hypertaskers”, the shoppers of the future and the most sophisticated and challenging of digital shoppers, to create competitive advantage in the long term.
- Unconventionals add complexity to oil and gas tax regimes
3 July 2014
Despite the geopolitical uncertainty that looms over the global oil and gas industry the continued imposition of taxes on income from oil and gas operations remains a certainty.
- EY announces 675 new partners worldwide, 115 in Asia-Pacific
2 July 2014
Overall headcount at EY has grown to 190,000 along with a record number of partner promotions as economic growth improves.
- EY expands to offer assurance services in Myanmar
1 July 2014
EY admits new member firm in Myanmar to offer assurance services, in addition to the multidisciplinary suite of tax, transaction and advisory services to help clients invest and grow.
- Global IPO activity up despite heightened investor caution
26 June 2014
The global IPO market continued its recovery to end the first half of 2014 strongly with a total of 588 deals raising around US$117.7b.
- EY unifies analytics capabilities into Global Analytics Center of Excellence
26 June 2014
EY will commit to a US$500m, multiyear investment to deliver transformational change to clients by combining analytics with business acumen, domain and functional skills.
- EY: Banks must combat strengthening headwinds in emerging markets to realize sustainable growth
18 June 2014
Banks in emerging markets expect improved financial performance, despite facing challenges of tougher regulatory burdens, rising costs and intensifying competition, finds a new EY report.
- Global bribery and corruption risks put pressure on boards
12 June 2014
EY’s 13th Global Fraud Survey, Overcoming compliance fatigue: reinforcing the commitment to ethical growth, found concerning levels of perceived fraud, bribery and corruption across the world.
- Uday Kotak of Kotak Mahindra Bank from India named EY World Entrepreneur Of The Year 2014
8 June 2014
Uday Kotak, founder, Executive Vice Chairman and Managing Director of Kotak Mahindra Bank was named EY World Entrepreneur Of The Year 2014 at an awards ceremony held in Monaco’s Salle des Etoiles.
- Increased global confidence boosts entrepreneurs’ hiring plans
4 June 2014
Driven by growing global demand for goods and services and technological advances, majority of the world’s top entrepreneurs plan to increase the size of their workforce.
- Singaporean artist David Chan presents widely acclaimed human and animal hybrid paintings at EY Asean Art Outreach program
29 May 2014
EY opens CONTEXT by Singaporean artist David Chan at the EY Gallery today. This 16th exhibition of the EY Asean Art Outreach program will run from 29 May to 26 September 2014.
- EY responds to ASC’s announcement that Singapore-listed companies to embrace full convergence with IFRS in 2018
29 May 2014
EY says this move is timely and will enhance ease of comparability with similar companies in other jurisdictions by global investors.
- Greater collaboration among CFOs and HR leaders drives stronger business performance
26 May 2014
A global survey of CFOs and chief human resource officers finds that a strong relationship between the CFO and the CHRO is linked with superior business performance.
- Failure to adapt to new technology is the number one risk facing telcos
22 May 2014
Telcos must reposition their business models and adapt to new roles across a growing number of new technologies or risk losing major growth opportunities.
- Accelerated technology adaptation drives record 1Q’14 for tech M&A
21 May 2014
Q1 2014 saw record growth driving “extraordinary” M&A activity in the technology sector according to EY’s Global technology M&A update: January– March 2014.
- Paul Loo Lip Giam of Focus Network Agencies (S) Pte Ltd represents Singapore to compete for prestigious award recognizing world’s leading entrepreneurs
19 May 2014
Paul Loo, Group CEO of Focus Network Agencies, will soon head to Monaco, for the EY World Entrepreneur Of The Year Award.
- Use technology and data effectively to get ahead of the indirect tax curve, says new EY report
15 May 2014
Dealing with data is the key to tax transparency and to effective management of companies’ growing indirect tax obligations, says EY’s latest report.
- Global pharmaceutical industry has significant opportunities for deeper engagement with payers but contingent upon restoring trust
7 May 2014
Payers in US and Europe believe that drug adherence solutions and data that pharmas possess are vital to lowering health care costs and improving outcomes.
- Complexities and trade barriers challenge regional economic integration in ASEAN
29 April 2014
A new EY report explores the progress of the AEC through the eyes of businesses, and in particular, the impediments of doing business in ASEAN.
- Nominations for EY Entrepreneur Of The Year 2014™ open
16 April 2014
Now till 16 June 2014, nominate outstanding entrepreneurs who have demonstrated strong entrepreneurial spirit, innovation, sound strategic direction and financial track record, and built successful businesses that have global and/or community impact.
- Global IPO market has strongest first quarter since 2011
26 March 2014
There was a total of 239 deals raising around US$44.3b in Q1’14, continuing the market momentum built up in a strong end to 2013.
- Power and utility deal volume reaches three- year high, with deal values hitting US$125.4b in 2013
12 March 2014
Global power and utility transaction activity shows signs of recovery with deal volumes reaching a three-year high of 398 total deals in 2013, with a value of US$125.4b.
- Fall in global renewable energy investment during 2013 sharpens industry’s focus on innovation and efficiency for 2014
25 February 2014
Despite an 11% dip in global investment in 2013, opportunities in new markets, new technologies and new sources of capital signal brighter times ahead.
- EY’s reactions to Singapore Budget 2014
21 February 2014
EY released its reactions to the Singapore Budget 2014 announcement.
- IFRS updates will continue to challenge reporters
6 February 2014
Following last year’s IASB announcement that convergence between IFRS and US GAAP was no longer to be a primary objective, the outlook for convergence between the two standards is mixed.
- “Innovation at the center” emerges as fundamental for media and entertainment businesses
29 January 2014
EY’s Sustaining digital leadership! study shows that leading media and entertainment (M&E) companies are putting continuous innovation at the center of everything they do.
- Oil and gas M&A outlook remains robust despite a decline in 2013
28 January 2014
Oil and gas M&A activity was significantly lower in 2013 in value and volume, according to EY’s Global oil and gas transactions review.
- Private equity activity expands across Asia-Pacific as market continues to mature
10 January 2014
The private equity market in Asia-Pacific is coming of age and is realizing substantial growth in volume and value terms and market maturity.
- EY’s wish list for Singapore Budget 2014
9 January 2014
EY released its wish list for Singapore Budget 2014.