Recent global and Singapore news releases issued by Ernst & Young.
- Oil and gas transaction appetite down slightly
Singapore, 14 June 2013
Only 27% of respondents expect to undertake any M&A activity in the next six months, according to our Oil & Gas Global Capital Confidence Barometer.
- M&E companies’ primary source of revenue: digital
Singapore, 12 June 2013
The average revenue of media and entertainment companies will shortly cross the 50% mark from majority traditional to majority digital, according to our survey.
- Hamdi Ulukaya wins World Entrepreneur Of The Year
Monte Carlo, 9 June 2013
Hamdi Ulukaya, the Founder, President and CEO of Chobani has been named the Ernst & Young World Entrepreneur Of The Year 2013.
- Islamic trade finance to grow in emerging markets
Singapore, 3 June 2013
Islamic trade finance could provide new opportunities and become the preferred choice for emerging rapid growth markets, according to our Global Islamic Banking Center.
- Ernst & Young report: Operational effectiveness biggest growth driver in next decade
Singapore, 29 May 2013
Improving operational practices may represent the single biggest driver of productivity gains over the next decade, according to our China productivity report.
- The Netherlands and Spain top football’s financial attractiveness league
Singapore, 22 May 2013
Our latest tax and professional footballers report ranks the Netherlands and Spain as the most attractive destinations for players based on local financial provisions.
- Global technology M&A value grows 58% but deal volume falls 12% year-on-year in Q1 2013
Singapore, 22 May 2013
The aggregate value of all disclosed value deals grew 58% year-on-year to US$36.4b, according to Ernst & Young’s Global technology M&A update: January – March 2013.
- Entrepreneurs raised over S$350,000 for Dover Park Hospice and Rainbow Centre charities at gala dinner
Singapore, 17 May 2013
The Ernst & Young Entrepreneur Of The Year Singapore Academy members raised over S$350,000 for two charities, namely Dover Park Hospice and Rainbow Centre.
- 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
- 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.
- 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.
- 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).
- 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 13th 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.